Caroline's Feed
Oct 3, 2013

Graphic works by ‘The Scream’ artist Munch go public in Zurich

ZURICH (Reuters) – A major private collection of the graphic works of Edvard Munch, renowned for his haunting painting “The Scream”, goes on show for the first time on Friday at Zurich’s Kunsthaus museum, exploring his musings on the human condition.

“Edvard Munch. 150 Master Prints” displays works on loan from an anonymous private collector ranging from his first drypoint in 1894 to the Norwegian artist’s final lithograph just before his death in 1944.

Oct 2, 2013

Holcim CEO says austerity means him too as demand lags

ZURICH (Reuters) – If you are taking a short-haul flight from Switzerland, there’s a chance you might find yourself sitting next to the Chief Executive of Holcim (HOLN.VX: Quote, Profile, Research, Stock Buzz), the world’s largest cement maker – in economy class.

The unassuming Frenchman, who became the first outsider to lead the 101-year-old Swiss company last year, has implemented a strict cost-cutting regime that extends right up to himself.

Sep 24, 2013

Holcim sees positive signs in India, its biggest market

ZURICH (Reuters) – Holcim, the world’s largest cement maker, is cautiously optimistic about the outlook for its biggest market, India, saying demand could pick up thanks to government spending on infrastructure ahead of an election.

About 17 percent of Holcim’s sales were in India last year, but a record current account deficit and a steep fiscal shortfall have curbed the amount India has spent on building.

Sep 23, 2013

Syngenta may be template as Novartis reviews non-core assets

ZURICH (Reuters) – Novartis may take a leaf out of its past deal-book as the Swiss drugmaker conducts a review into some of its underperforming businesses, a board member said.

New chairman Joerg Reinhardt has launched a review of the drugmaker’s portfolio fanning speculation that some of the company’s smaller units could be sold, spun-off or integrated into other divisions.

Sep 17, 2013

Swiss to vote on scrapping social “glue” of military draft

ZURICH, Sept 17 (Reuters) – Switzerland hasn’t fought a war
with an external enemy in 200 years, but its military may now
face the biggest battle of its existence – from within.

Many Swiss have questioned over the decades why Switzerland
needs a military, given the lack of direct threats and
long-standing position of neutrality. With 150,000 troops and
six percent of the budget, the armed forces are the size of
those of Austria, Belgium, Norway, Finland and Sweden -
combined.

Sep 16, 2013

Roche picks Lufthansa boss Franz as new chairman

ZURICH, Sept 16 (Reuters) – Roche has picked
Deutsche Lufthansa Chief Executive Christoph Franz to
succeed Franz Humer as chairman of its board, filling the top
post at a time of change for the world’s biggest maker of cancer
drugs.

Franz, 53, who has been a member of Roche’s board since
2011, will stand for election at Roche’s annual shareholder
meeting on March 4, the Swiss drugmaker said on Monday.

Sep 1, 2013

Alpine Wrestling festival spotlights brawn, Swiss pride

BURGDORF, Switzerland (Reuters) – Matthias Sempach, a 27-year-old farmer and butcher, knew exactly what he had to do to earn his title on Sunday of “King of the Alpine Wrestlers”: hang onto his opponent’s shorts.

Sempach was one of the “baddies”, as Switzerland’s best wrestlers are known, who pitted it out in a two-day contest that drew more than 250,000 people to the cheesemaking region of Emmental for the Swiss Wrestling and Alpine Herdsman Games.

Aug 30, 2013

Zurich Insurance says looking at whether undue pressure placed on CFO

ZURICH (Reuters) – Zurich Insurance Group will investigate whether excessive pressure was put on the company’s finance chief ahead of his apparent suicide, the company’s acting chairman said on Friday.

Europe’s third-largest insurer has been thrown into disarray by the death of Pierre Wauthier on Monday and the subsequent resignation of its chairman, former Deutsche Bank (DBKGn.DE: Quote, Profile, Research) boss Josef Ackermann, three days later.

Aug 30, 2013

Zurich Insurance looking if undue pressure put on suicide CFO

ZURICH (Reuters) – Zurich Insurance Group will investigate whether excessive pressure was put on the company’s finance chief ahead of his apparent suicide, the company’s acting chairman said on Friday.

Europe’s third-largest insurer has been thrown into disarray by the death of Pierre Wauthier on Monday and the subsequent resignation of its chairman, former Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) boss Josef Ackermann, three days later.

Aug 27, 2013

Roche looks to replicate cancer success with eye drugs

ZURICH, Aug 27 (Reuters) – Positive results for Roche’s
experimental eye drug should bolster its position in
the multibillion-dollar-a-year market for vision loss
treatments, as it looks to branch out beyond its core cancer
expertise.

After scrapping drugs to treat diabetes and boost levels of
“good” high-density cholesterol, the world’s largest maker of
cancer drugs is hoping to prove it has a stronger hand when it
comes to developing treatments for the eyes.