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  • Novartis to Buy Nestle's 25% Stake in Alcon Monday, 7 Apr 2008 | 12:21 PM ET

    Novartis has agreed to buy Nestle AG's percent stake in U.S. company Alcon in a deal worth up to $39 billion to boost its eye care business, the Swiss drugmaker said on Monday.

  • Poll: Should UBS Be Broken Up? Friday, 4 Apr 2008 | 8:06 AM ET

    Shares of Swiss bank UBS rose 3.7 percent Friday as activist investor Luqman Arnold called for a restructuring of the company that would include a sale of its asset-management business.

  • UBS Ex-CEO Leads Campaign to Shake up Bank Friday, 4 Apr 2008 | 7:07 AM ET

    Pressure on beleaguered Swiss bank UBS to break up intensified as activist investor and former chief executive Luqman Arnold demanded to meet UBS' board and shake up its governance and structure.

  • Syngenta Raises Outlook on Booming Farm Market Thursday, 3 Apr 2008 | 11:52 AM ET

    Swiss agrochemicals group Syngenta raised its earnings outlook on Thursday, cashing in on roaring demand for farm goods and saying first-quarter sales had leapt 20 percent.

  • Asia to Contribute 20% of Swiss Re's Revenues Wednesday, 2 Apr 2008 | 4:05 AM ET

    Asia will contribute about 20 percent of Swiss Re's global revenues within three to five years, up from 11 percent now, a senior executive at the world's largest reinsurer said on Wednesday.

  • UBS Writes Down Another $19 Billion Tuesday, 1 Apr 2008 | 11:32 AM ET

    UBS doubled its writedowns from the subprime crisis on Tuesday, dumped its chairman and sought more emergency capital in a second attempt to reverse its fortunes.

  • New Writedown Worries Drag on UBS Shares Monday, 31 Mar 2008 | 1:40 PM ET

    Worries mounted in the market that UBS would unveil more losses this week after the Swiss bank said at the weekend it had begun lowering the value of some structured securities held by clients.

  • Swiss Life Beats Expectations, Raises Dividend Thursday, 27 Mar 2008 | 3:31 PM ET

    Life insurer Swiss Life's 2007 net profit beat expectations and it promised shareholders a fat pay-out after a major overhaul of its business, sending its shares soaring.

  • European Central Banks Act to Boost Liquidity Thursday, 27 Mar 2008 | 11:28 AM ET

    The central banks of Britain and Switzerland added extra funds to ease pressure on high interbank lending rates on Thursday, while the European Central Bank said it was ready to step in with extra cash.

  • Xstrata Shares Slide After Vale Talks Collapse Wednesday, 26 Mar 2008 | 1:31 PM ET

    Shares in Anglo-Swiss miner Xstrata tumbled on Wednesday after the collapse of talks with Brazil's Vale to buy the company and forge a massive mining group.

  • 5-Star Manager:  Look Overseas Wednesday, 19 Mar 2008 | 12:29 PM ET

    All the excitement in the United States this week may have distracted investors from the global investment scene.  Five-star fund co-manager Wendy Trevisani suggests that would be a mistake, and she has some prominent international names to prove it.

  • UBS Chairman's Pay Slashed 90% in 2007 Tuesday, 18 Mar 2008 | 10:41 AM ET

    Marcel Ospel, the embattled chairman of UBS, took a 90 percent pay cut in 2007 after the Swiss bank chalked up a $18 billion in writedowns and warned that it still held billions more in at-risk investments.

  • UBS Leads Banks Lower Amid Credit Market Fears Monday, 17 Mar 2008 | 11:27 AM ET

    Swiss bank UBS poured cold water on speculation it planned to sell major business units to raise cash but failed to stem a loss of confidence as investors drove its shares down 13 percent on fears of financial contagion.

  • UBS Shopped PaineWebber Unit In Bid to Raise Cash Friday, 14 Mar 2008 | 4:55 PM ET
    UBS

    Swiss bank UBS, another bank suffering from the credit crunch, recently shopped its PaineWebber brokerage unit in an effort to drum up cash but failed to find the right buyer, CNBC has learned.

  • Swatch CEO Upbeat on 2008, Despite Gold, Currencies Friday, 14 Mar 2008 | 5:16 AM ET

    Watchmaker Swatch Group gave an upbeat outlook for 2008 on Friday, helped by the Olympic Games, despite headwinds from currency swings and soaring raw material prices.

  • Nestle Raises Outlook after Strong 2008 Start Thursday, 13 Mar 2008 | 2:18 PM ET

    Nestle, the world's largest food company, raised its growth outlook in a surprise statement on Thursday, saying it expected underlying sales to rise about 7.4 percent in 2008 after a strong start to the year.

  • Catastrophes Cost $70 Billion in '07: Swiss Re Tuesday, 11 Mar 2008 | 9:18 AM ET

    Economic losses from natural and man-made catastrophes in 2007 were more than $70 billion, with insurers hit by claims amounting to $28 billion, according to research released on Tuesday by Swiss Re, the world's largest reinsurer.

  • EFG Liquidates Municipal Bond Fund, Shares Plummet Friday, 7 Mar 2008 | 12:08 PM ET

    Swiss wealth manager EFG International said on Friday a U.S. municipal bond fund it was distributing had to be liquidated, sending its shares sharply lower.

  • UBS Shares Sink on Writedown Fears Thursday, 6 Mar 2008 | 1:06 PM ET

    Swiss bank UBS came under renewed pressure on Thursday due to speculation it had sold a huge portfolio of risky mortgages at a deep discount and that the scale of its subprime losses was rapidly mounting.

  • Adecco's Profit Drops Less than Expected Tuesday, 4 Mar 2008 | 7:02 AM ET

    Recruitment firm Adecco's fourth-quarter net profit fell 29 percent but the decline was less than analysts' expectations, and the Swiss-based staffing company said it sees good growth rates in Europe.

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