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  • UBS Shares Wobble on Subprime Concerns Tuesday, 20 Nov 2007 | 7:28 AM ET

    Shares in Swiss-based bank UBS tumbled temporarily on Tuesday on renewed fears the group may have to make more hefty writedowns for exposure to assets hit by the subprime crisis.

  • Roche Says Avastin Study Misses Endpoint Tuesday, 13 Nov 2007 | 5:54 AM ET

    Roche on Tuesday said a late-stage study of its cancer drug Avastin in combination with gemcitabine chemotherapy and Tarceva for pancreatic cancer did not meet the primary endpoint for survival.

  • Swiss Re Profit Falls Less than Expected Tuesday, 6 Nov 2007 | 7:00 AM ET

    Net profit at Swiss Re dropped by less than expected in the third quarter, as the world's largest reinsurer benefited from low claims and said damage from a global credit crisis was limited.

  • Novartis Diabetes Drug Faces Further Delays Tuesday, 6 Nov 2007 | 3:44 AM ET
    Novartis

    Novartis has found safety problems in higher doses of its key Galvus diabetes drug and will revise prescribing recommendations before launching in Europe.

  • Nestle Sees 2007 Sales Well Above $86.58 Billion Monday, 5 Nov 2007 | 5:27 AM ET

    Nestle expects full-year sales to be well above 100 billion Swiss francs ($86.58 billion) this year, the head of the world's largest food group was quoted as saying over the weekend.

  • Credit Suisse Profit Tumbles on Writedowns Thursday, 1 Nov 2007 | 11:31 AM ET

    Credit Suisse reported a 31 percent fall in group net profits to 1.302 billion Swiss francs ($1.12 billion),  with profit at its investment banking unit all but wiped out by mortgage-linked writedowns.

  • UBS Swings to Loss, Facing Subprime Problems Tuesday, 30 Oct 2007 | 12:16 PM ET
    UBS

    UBS reported a bigger-than-expected third-quarter pretax loss of 726 million Swiss francs ($624.8 million) on Tuesday, but said it expected to turn in a group profit in the last quarter.

  • Nestle CEO: L'Oreal Stake Sale is "One Option" Thursday, 18 Oct 2007 | 5:56 AM ET

    Nestle said on Thursday a sale of its stake in French cosmetics group L'Oreal was one option to be considered after a lock-up agreement with the controlling family expires in 2009.

  • Novartis Cuts US Jobs as Third-Quarter Profit Falls 12% Thursday, 18 Oct 2007 | 3:36 AM ET

    Swiss drugmaker Novartis's third-quarter net profit missed forecasts, dropping by 12 percent to $1.57 billion, weighed down by the launch of rival generic versions of its drugs and a one-off charge.

  • Roche Sales Fall Short on Tamiflu Weakness Tuesday, 16 Oct 2007 | 5:28 AM ET

    Shares in Roche Holding slump on Tuesday after Swiss pharmaceutical company reported sales that came in below analysts' forecasts.

  • Oil and Gas Demand Helps Sulzer Orders Tuesday, 16 Oct 2007 | 3:30 AM ET

    Swiss engineering group Sulzer posted a 27.5 percent rise in nine-month orders on Tuesday and was upbeat about its outlook as the group benefits from demand in the oil and gas sector and growthin Asia.

  • The global credit crisis is far from over and may come in waves, a source close to the Basel Committee on Banking Supervision said on Friday.

  • Swiss Consumer Inflation Lower than Expected Tuesday, 2 Oct 2007 | 4:07 AM ET

    Swiss consumer price inflation picked up in September, driven by higher oil prices, but the price rise was smaller than expected.

  • UBS to Write Down $3.42 Billion Due to Credit Woes Monday, 1 Oct 2007 | 10:55 AM ET
    UBS headquarters in Zurich, Switzerland.

    UBS, the world's largest wealth manager, unveiled $3.4 billion in losses, swept out senior managers and slashed jobs in one of the biggest casualties yet from the worldwide credit crunch.

  • Nestle Names Americas Head Bulcke as CEO Thursday, 20 Sep 2007 | 11:46 AM ET

    Nestle, the world's largest food company, named insider Paul Bulcke as its new chief executive, replacing Peter Brabeck, who will drop his executive functions in 2008 to serve as group chairman.

  • Zurich Financial Sees No Subprime Debt Surprises Friday, 7 Sep 2007 | 3:08 AM ET

    Zurich Financial Services has enjoyed a positive performance in its bond portfolio in the past two months with no surprises from its subprime exposure, Chief Executive James Schiro said on Friday.

  • Swiss insurer Baloise said on Thursday its first-half net profit rose 13%, beating expectations despite claims from winter storm Kyrill, and the company promised a record full-year net profit.

  • ABB Raises Mid-Term Sales Growth Target Wednesday, 5 Sep 2007 | 5:38 AM ET

    ABB on Wednesday raised its average annual sales growth rate target for the 2007-2011 period to between 8% and 11% -- around double the previous target -- and said it was eyeingacquisitions.

  • Swiss Life Profit Handily Tops Expectations Tuesday, 4 Sep 2007 | 4:09 AM ET

    Swiss Life's first-half net profit rose 21%, comfortably beating expectations, and the insurer said on Tuesday it would set new financial goals in December.

  • Carrefour Retreats from Switzerland in Stake Sale Tuesday, 21 Aug 2007 | 2:40 AM ET

    French retailer Carrefour said on Tuesday it was withdrawing from the Swiss market with the sale of its 50% stake in Swiss hypermarket operator Distributis.