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Credit Suisse net profit drops 24%
Feb 07, 2013 06:46 EST
Swiss banking giant Credit Suisse said on Thursday its net profit fell 24 percent last year to 1.4 billion Swiss francs (1.2 billion euros, $1.5 billion) despite a rebound to profit by the investment banking unit.
Swiss bank Julius Baer sees profits jump 15% in 2012
Feb 04, 2013 14:00 EST
Swiss private bank Julius Baer on Monday posted a 15-percent hike in its 2012 net profit, largely meeting market expectations, but nonetheless saw its share price shrink amid disappointment over its margins.
Swatch says will buy Harry Winston for up to $1 bn
Jan 14, 2013 07:06 EST
Swatch Group, the world's leading watchmaker, said on Monday it would acquire US jeweller and watchmaker Harry Winston for up to $1.0 billion (750 million euros).
Swatch says will buy Harry Winston for up to $1bln
Jan 14, 2013 03:44 EST
Swatch Group, the world's leading watchmaker, said on Monday it would acquire US jeweller and watchmaker Harry Winston for up to $1.0 billion (750 million euros).
Credit Suisse profits slump, cites accounting loss
Apr 25, 2012 10:35 EDT
Swiss banking giant Credit Suisse said Wednesday that its 2012 first quarter profit plunged to just 44 million Swiss francs ($48.3 million, 36.6 million euros) from 1.1 billion francs a year ago.
Credit Suisse reports plunging first quarter profits
Apr 25, 2012 06:40 EDT
Swiss banking giant Credit Suisse said Wednesday that its 2012 first-quarter profit plunged to just 44 million Swiss francs ($48.3 million, 36.6 million euros) from 1.1 billion francs a year ago.
Nestle 2011 profit up 8.1%, sees challenging 2012
Feb 16, 2012 06:16 EST
The world's biggest food company Nestle on Thursday posted forecast-beating 2011 net profit of 9.5 billion Swiss francs ($10.26 billion, 7.8 billion euros), but warned that 2012 would be tough.
Credit Suisse swings to loss in fourth quarter
Feb 09, 2012 05:32 EST
Credit Suisse on Thursday posted a 62-percent drop in net profits last year to 1.95 billion Swiss francs (1.61 billion euros, $2.1 billion) but offered an optimistic outlook for 2012.
ABB to buy Thomas & Betts for $3.9 bln in U.S. push
Jan 29, 2012 13:41 EST
ZURICH (Reuters) - Swiss engineering group ABB <ABBN.VX> said it had agreed to buy U.S. electrical components maker Thomas & Betts <TNB.N> for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.
ABB to buy Thomas & Betts for $3.9 billion in U.S. push
Jan 29, 2012 13:41 EST
ZURICH/LONDON (Reuters) - Swiss engineering group ABB <ABBN.VX> has agreed to buy U.S. electrical components maker Thomas & Betts <TNB.N> for $3.9 billion to ramp up its presence in the world's largest market for low-voltage products.
Logitech warns again as weak market and euro hit Q3
Jan 26, 2012 04:19 EST
ZURICH (Reuters) - Logitech, the world's largest computer mouse maker, cut its full-year outlook for the third time after third quarter sales and profit were hit by euro weakness and as computer systems require become less dependent on peripheral components.
EU says Novartis MS drug needs heart monitoring
Jan 20, 2012 10:20 EST
LONDON/ZURICH (Reuters) - The European Medicines Agency advised doctors to continuously monitor patients for six hours after giving them a first dose of Novartis AG's multiple sclerosis drug Gilenya, casting a shadow over the potential blockbuster product.
Novartis cuts 2,000 U.S. jobs after drug setback
Jan 13, 2012 02:01 EST
ZURICH (Reuters) - Novartis AG plans to axe nearly 2,000 of its U.S. workforce ahead of the patent loss of top-selling blood pressure drug Diovan there and will take a $900 million charge after another of its key drugs failed to live up to expectations.
Watch fair to reveal health of luxury industry
Jan 12, 2012 06:09 EST
ZURICH (Reuters) - The Geneva watch fair, SIHH, the first major luxury goods industry gathering this year, will take the pulse of a sector which has sailed relatively unscathed through recent economic turmoil but could be facing dark clouds ahead.
C.Suisse ends oldest Swiss bank brand Leu
Nov 15, 2011 09:08 EST
ZURICH (Reuters) - Credit Suisse Group AG <CSGN.VX> will fully integrate private bank Clariden Leu into its organization, ending the 250 year-old Leu brand and cutting jobs to achieve 200 million Swiss francs ($220 million) in annual cost savings.
UBS names Ermotti CEO to reassure investors
Nov 15, 2011 05:06 EST
ZURICH (Reuters) - UBS AG <UBSN.VX> made stand-in Sergio Ermotti permanent chief executive on Tuesday and brought forward the start date of chairman designate Axel Weber, in a move to reassure investors following the Swiss bank's $2 billion trading scandal.
Credit Suisse asked to hand over U.S. client data
Nov 08, 2011 04:45 EST
ZURICH (Reuters) - Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities one step closer to obtaining names of alleged tax cheats.
E-brokers for customized certificates to hit Swiss market
Oct 28, 2011 11:51 EDT
ZURICH (Reuters) - Electronic brokers for customized structured products are set to hit the Swiss market next year, allowing investors to get even better deals from banks.
Swiss Re reclaims prized S&P credit rating
Oct 28, 2011 11:20 EDT
ZURICH (Reuters) - Swiss Re <SRENH.VX> has regained a prized credit rating lost during the financial crisis, a key step toward the reinsurer's goal of expanding its business.
Logitech retains goals after bounce back into black
Oct 27, 2011 04:02 EDT
ZURICH (Reuters) - Logitech, the world's largest computer mouse maker, is sticking to its full-year outlook after bouncing back into the black with second-quarter net profit of $17 million.
