Novartis and Google have agreed to develop "smart" contact lenses to help diabetics track blood glucose levels or restore the eye's ability to focus.» Read More
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 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.
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.
Shares in Roche Holding slump on Tuesday after Swiss pharmaceutical company reported sales that came in below analysts' forecasts.
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 price inflation picked up in September, driven by higher oil prices, but the price rise was smaller than expected.
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, 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 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 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's first-half net profit rose 21%, comfortably beating expectations, and the insurer said on Tuesday it would set new financial goals in December.
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.
Holcim said Wednesday it has completed the compulsory acquisition of minority shares in Canada's St. Lawrence Cement.
Rieter Holding said its first-half net profit rose 42% to 116.7 million Swiss francs, beating analyst forecasts, with the company citing a favorable investment climate in the Asian textile industry and market share gains in the automobile industry in Western Europe and North America.
Swiss bank UBS, the world's largest wealth manager, beat forecasts with record second-quarter profits but warned that market turmoil was likely to hit its investment banking business in the second half of the year.
Swatch Group reported a much improved first-half net profit, driven by continued strong consumer spending and positive currency effects.
Credit Suisse unveiled a surprise 48% jump in second-quarter net profit, saying it was confident it could deliver good results despite credit-market turmoil, boosting its shares.
International engineering group ABB said on Thursday it may have violated the U.S. Foreign Corrupt Practices Act bribery law after discovering suspect payments made by some employees abroad and had notified the U.S. authorities.