UBS Fined $13.3 Million for Illicit Trades by Employees The New York Times | Regulators in Britain fined UBS £8 million ($13.3 million) on Thursday after finding that four employees at the bank's international wealth-management unit in London had carried out unauthorized trading on at least 39 accounts. | The Swiss bank, whose reputation has suffered since the start of the...
Novartis buys China vaccine stake for $125 mln The Guardian * To buy 85 percent stake in Zhejiang Tianyuan * Vaccines, emerging markets seen as growth spots * Zhejiang Tianyuan had net sales of $25 million 2008 (Adds details, background) ZURICH, Nov 4 (Reuters) - Swiss drugmaker Novartis AG is buying an 85 percent stake in Chinese vaccines company Zhejiang T...
GVK buys Zurich Airport's stake in BIAL The Times Of India BANGALORE: GVK Airport Developers, a wholly-owned subsidiary of GVK Group, has acquired a 12% stake in Bangalore International Airport Ltd (BIAL) at a cost of Rs 484.6 crore. The stake was acquired from Zurich Airport, which held a 17% stake in the a...
Staffing company Adecco Q3 profit down 46% LA Daily News By The Associated PressUpdated: 11/05/2009 01:10:48 PM PST | ZURICH - Swiss-based staffing company Adecco SA reported Thursday a 46 percent drop in third-quarter net profit, but said demand was slowly recovering from low levels. | The company ma...
UBS traders dumped losses on duped rich clients The Guardian * UK's FSA fines UBS 8 mln stg, third-largest ever penalty * UBS staff made unauthorised forex, precious metals trades * UBS has paid more than $42 million to compensate clients (Recasts, adding fresh quotes) By Kirstin Ridley LONDON, Nov 5 (Reuters)...
Zurich Financial Q3 profit rises six-fold Insurance Newsnet ZURICH_Swiss insurer Zurich Financial Services Group reported a third-quarter net profit of $909 million Thursday, an almost six-fold increase on the $154 million earned a year earlier, when it suffered massive writedowns and costly payouts for the 2...
AP / Matt Rourke
Disaster 2007 to 2015 - simply Double-Crash as compared to 1929 WorldNews.com Can Keynes' theories go against the Friedman crash - or do the two ideologies double the effect for the Crash of 2007? | Obama does not know, none of his advisers know - in fact, U...
The long path to developing an AIDS drug Philadelphia Daily News | By Miriam Hill | Inquirer Staff Writer By 2002, Daria Hazuda had bet her career and several years of her life on what she hoped would be a groundbreaking HIV drug, one that could...
US Airways realigns and cuts flights to strengthen core cities The Examiner | In an effort to bring US Airways back to profitability, CEO Doug Parker told employees today of big changes for 2010. | The Tempe, AZ. based company will be reducing flights out ...
Swiss commission to tackle "too-big-to-fail" issue The Guardian * Experts to make proposals to fix "too-big-to-fail" issue * High-ranking regulators, bankers on panel ZURICH, Nov 4 (Reuters) - The Swiss government has asked experts to come up with solutions that would prevent big banks and insurers from sinking t...
Clariant sees slow rebound after surprise Q3 profit The Guardian * Q3 net profit 25 mln Swiss francs, vs forecast loss 19 mln * Confirms expects drop in full-year sales * Says demand has bottomed, but no sustainable recovery yet * Shares rise 2 percent (Adds shares, comment) By Sam Cage ZURICH, Nov 4 (Reuters) - S...
Novartis buys China vaccine stake for $125 mln The Guardian * To buy 85 percent stake in Zhejiang Tianyuan * Vaccines, emerging markets seen as growth spots * Zhejiang Tianyuan had net sales of $25 million 2008 (Adds details, background) ZURICH, Nov 4 (Reuters) - Swiss drugmaker Novartis AG is buying an 85 pe...
UBS reports 3Q net loss of $542 million Houston Chronicle | ZURICH - Swiss bank UBS AG reported a third-quarter net loss of 564 million Swiss francs ($542 million) Tuesday, blaming accounting charges of 2.15 billion francs for keeping it in the red. | The Zurich-based bank recorded a net profit of 283 million francs during the same period last year. | Discounting one-time charges, UBS would have made a th...
Novartis buys China vaccine stake for $125 mln The Guardian * To buy 85 percent stake in Zhejiang Tianyuan * Vaccines, emerging markets seen as growth spots * Zhejiang Tianyuan had net sales of $25 million 2008 (Adds details, background) ZURICH, Nov 4 (Reuters) - Swiss drugmaker Novartis AG is buying an 85 percent stake in Chinese vaccines company Zhejiang Tianyuan Bio-Pharmaceutical for $125 million to boo...
