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Europe Top News and Analysis Switzerland

  • GENEVA-- Strong growth in emerging markets helped Swiss food and drink giant Nestle SA post an 11 percent increase in sales for the first nine months of 2012.. The Vevey- based group said Thursday that sales rose to 67.6 billion Swiss francs through September, up from 60.9 billion francs in the same period last year.

  • GENEVA-- Buoyed by growth in emerging markets, Swiss food and drink giant Nestle SA on Thursday posted an 11 percent increase in sales for the first nine months of 2012..

  • NEW YORK-- Align Technology Inc., which makes the Invisalign clear braces system, slumped Wednesday after the company gave disappointing estimates for its third-quarter results and offered a weak fourth-quarter forecast. Align Technology shares skidded $7.05, or 20 percent, to $28.36 in aftermarket trading following the announcement.

  • Offshore drilling contractor Noble Corp. said Wednesday that its third-quarter net income fell 15 percent because of delays for ships and rigs in the Gulf of Mexico and offshore Brazil. The Zug, Switzerland, company's net income totaled $114.8 million, or 45 cents per share, in the three-month period that ended Sept. 30.

  • LARISSA, Greece-- The world's oldest profession is giving a whole new meaning to love of the game. Players on a cash-strapped Greek soccer team now wear pink practice jerseys with the logos " Villa Erotica" and " Soula's House of History," two bordellos it recruited as sponsors after drastic government spending cuts left the country's sports clubs facing ruin.

  • The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.

  • NEW DELHI-- The first woman to lead a Formula One team has another reason to look forward to the Indian Grand Prix next week _ it's in her home country. The 41- year-old Monisha Kaltenborn was promoted from Sauber's chief executive to its team principal last week. Her main focus is ensuring the Switzerland- based team improves on its four podium finishes this season.

  • SALES JUMP: Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012..

  • RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.

  • GENEVA-- Switzerland has blocked almost 1 billion Swiss francs linked to rulers in four Arab Spring nations, a senior government official said Tuesday.

  • Shares in Roche Holding AG rose 0.38 percent to close at 184.60 francs on the Zurich exchange Tuesday. In a conference call with reporters, he declined to answer questions about whether Roche might reconsider its failed hostile bid of about $6.5 billion to acquire U.S. diagnostics firm Illumina Inc..

  • GENEVA-- Swiss drugmaker Roche Holding AG on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012, powered by demand for its cancer drugs.

  • Spain May Pay Price for Delaying Aid Request

    Spanish Prime Minister  Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.

  • BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.

  • LJUBLJANA, Slovenia-- Andrej Plut has always thought he was fortunate to live in Slovenia, at one time the most prosperous of the former republics of Yugoslavia and a star among the eastern European states that joined the EU after the fall of communism.

  • Swiss Prepare Army for Euro Zone Fallout

    With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.

  • At the same time, we assigned our' A-2' commercial paper rating to Pentair's subsidiary Pentair Finance S.A.' s proposed $1.45 billion CP program. Pentair was formed when Pentair Inc. merged with Tyco International Ltd.' s flow control business. --Pentair Inc. Ratings Raised, Withdrawn After Merger; Pentair Ltd. Assigned' BBB' Rating, Outlook Stable, Sept. 28, 2012.

  • NEW YORK, Oct 12- The New York- traded shares of Coca Cola Hellenic rose sharply on Friday, a day after the bottling company said it was leaving Greece, making the shares a standout in an otherwise flat market. The BNY Mellon index of leading American depositary receipts.

  • GENEVA, Oct 12- West African crude oil differentials were assessed slightly lower on Friday as traders reported slow sales for the remaining November cargoes due partly to Chinese refinery outages.

  • *Stocks' bull run expected to continue. NAIROBI, Oct 12- The Kenyan shilling. At the 1300 GMT market close, commercial banks quoted the shilling at 85.00/ 20 to the dollar, slightly firmer than Thursday's close of 85.10/ 30..