GenevaLunch » financial results http://genevalunch.com Community Newspaper Online Sun, 27 May 2012 06:53:59 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpgGenevaLunchhttp://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no HP to lay off 27,000http://genevalunch.com/blog/2012/05/23/hp-to-lay-off-27000/ http://genevalunch.com/blog/2012/05/23/hp-to-lay-off-27000/#comments Wed, 23 May 2012 21:26:18 +0000 Ellen Wallace http://genevalunch.com/?p=70475 GenevaLunch.com GENEVA, SWITZERLAND – Hewlitt-Packard, which has its Europe-Africa-Middle East head office in Meyrin, Geneva, announced Wednesday from its head office in California that it expects some 27,000 employees, about 8 percent of its global workforce “to exit the company” by the end of 2014. Details about where the job cuts will take place have not [...]

HP to lay off 27,000 © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/05/23/hp-to-lay-off-27000/feed/ 0 Business: UBS profits down 54%, Swisscom takes a dip (update)http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/ http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/#comments Wed, 02 May 2012 08:11:40 +0000 Ellen Wallace http://genevalunch.com/?p=69765 GenevaLunch.com Investors see the silver lining in UBS’s gray cloud ZURICH, SWITZERLAND – Switzerland’s largest bank, UBS, turned in a glum first quarter financial report 2 May, showing a net profit of CHF828 million, down by 54 percent compared to the same period a year earlier. An accounting charge led to a loss at the investment [...]

Business: UBS profits down 54%, Swisscom takes a dip (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/feed/ 0 Credit Suisse’s Q4 slide into the red worse than expected (update)http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/ http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/#comments Thu, 09 Feb 2012 08:02:58 +0000 Ellen Wallace http://genevalunch.com/?p=66440 GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday 9 February reported a net loss of CHF637 million for the fourth quarter of 2011, significantly worse than many analysts’ expectations, according to Bloomberg. Full-year figures remained in the black, with net income of CHF1.95 billion, but the profit was down by 62 percent, compared to a net profit of [...]

Credit Suisse’s Q4 slide into the red worse than expected (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/feed/ 0 Gold: Swiss central bank expects CHF13 billion profithttp://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/ http://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/#comments Fri, 13 Jan 2012 10:09:41 +0000 Ellen Wallace http://genevalunch.com/?p=65217 GenevaLunch.com Taxpayers get CHF1 billion via federal, cantonal budget boosts ZURICH, SWITZERLAND – Swiss federal and cantonal budgets look set to receive some CHF1 billion from the Swiss National Bank, which expects to end 2011 with a profit of CHF13 billion. A little over one-third of the profit, CHF5b, is thanks to the meteoric rise of [...]

Gold: Swiss central bank expects CHF13 billion profit © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/13/gold-swiss-central-bank-expects-chf13-billion-profit/feed/ 0 Callebaut stays ahead of world chocolate market, Adecco profits steadyhttp://genevalunch.com/blog/2011/11/10/callebaut-stays-ahead-of-world-chocolate-market-adecco-profits-steady/ http://genevalunch.com/blog/2011/11/10/callebaut-stays-ahead-of-world-chocolate-market-adecco-profits-steady/#comments Thu, 10 Nov 2011 11:09:04 +0000 Ellen Wallace http://genevalunch.com/?p=63433 GenevaLunch.com ZURICH, SWITZERLAND – Swiss cocoa and chocolate products firm Barry Callebaut, ended its fiscal year 31 August with a 9 percent increase in net profits of CHF258.9 million, up nearly 20 pecent in local currencies. “The weakening of various currencies against the Swiss franc – Barry Callebaut’s reporting currency – negatively impacted both sales revenue [...]

Callebaut stays ahead of world chocolate market, Adecco profits steady © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/10/callebaut-stays-ahead-of-world-chocolate-market-adecco-profits-steady/feed/ 0 Swisscom up, Holcim down as mixed picture of Swiss economy sketchedhttp://genevalunch.com/blog/2011/11/09/swisscom-up-holcim-down-as-mixed-picture-of-swiss-economy-sketched/ http://genevalunch.com/blog/2011/11/09/swisscom-up-holcim-down-as-mixed-picture-of-swiss-economy-sketched/#comments Wed, 09 Nov 2011 11:45:42 +0000 Ellen Wallace http://genevalunch.com/?p=63389 GenevaLunch.com ZURICH, SWITZERLAND – The picture of the Swiss economy at the end of the third quarter 2011 is mixed, with some companies suffering badly from the overvalued Swiss franc while others appear to be sailing through the year relatively smoothly. This week’s results of financial results continues to feed the mix. Swisscom shows net revenues [...]

Swisscom up, Holcim down as mixed picture of Swiss economy sketched © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/09/swisscom-up-holcim-down-as-mixed-picture-of-swiss-economy-sketched/feed/ 0 Swiss Re doubles profits, but warns of Thai floods’ impacthttp://genevalunch.com/blog/2011/11/03/swiss-re-doubles-profits-but-warns-of-thai-floods-impact/ http://genevalunch.com/blog/2011/11/03/swiss-re-doubles-profits-but-warns-of-thai-floods-impact/#comments Thu, 03 Nov 2011 09:43:59 +0000 Ellen Wallace http://genevalunch.com/?p=63150 GenevaLunch.com ZURICH, SWITZERLAND – Swiss Re, one of the world’s largest reinsurance companies, has third quarter net income of $1.3 billion, a 118 percent increase over the same period a year earlier, the company announced Thursday 3 November. The strong performance was due to a combination of what the company calls  “a moderate natural catastrophe experience [...]

Swiss Re doubles profits, but warns of Thai floods’ impact © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/03/swiss-re-doubles-profits-but-warns-of-thai-floods-impact/feed/ 0 Over-counter business brings down Swiss Post profits by 3%http://genevalunch.com/blog/2011/11/02/over-counter-business-brings-down-swiss-post-profits-by-3/ http://genevalunch.com/blog/2011/11/02/over-counter-business-brings-down-swiss-post-profits-by-3/#comments Wed, 02 Nov 2011 07:30:28 +0000 Ellen Wallace http://genevalunch.com/?p=63113 GenevaLunch.com BERN, SWITZERLAND – The Swiss Post group showed profits of CHF721 million for the first three quarters of 2011, the group said Wednesday 2 November. The figure is 3 percent lower than a year ago, with a dip in over-the-counter business accounting for the drop. Customer deposits were up with PostFinance, raising the operating result [...]

Over-counter business brings down Swiss Post profits by 3% © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/02/over-counter-business-brings-down-swiss-post-profits-by-3/feed/ 0 Novartis to close Nyon site, 1100 jobs to go in Switzerlandhttp://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/ http://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/#comments Tue, 25 Oct 2011 07:38:33 +0000 Ellen Wallace http://genevalunch.com/?p=62814 GenevaLunch.com NYON, SWITZERLAND – Pharmaceutical company Novartis is closing its site in Nyon as part of a restructuration that will involve eliminating 1,100 jobs in Switzerland. The company is cutting a total of 2,000 jobs, with most of the rest in the US. The Nyon site employs 320 persons and 770 jobs will also go in [...]

Novartis to close Nyon site, 1100 jobs to go in Switzerland © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/feed/ 1 Swiss business highlights: Aussie heads BIS, Roche down, Syngenta up, poker raidhttp://genevalunch.com/blog/2011/10/14/swiss-business-highlights-aussie-heads-bis-roche-down-syngenta-up-poker-raid/ http://genevalunch.com/blog/2011/10/14/swiss-business-highlights-aussie-heads-bis-roche-down-syngenta-up-poker-raid/#comments Fri, 14 Oct 2011 09:12:28 +0000 Ellen Wallace http://genevalunch.com/?p=62479 GenevaLunch.com GENEVA, SWITZERLAND – Swiss business news is dominated this week by Roche’s glum third quarter earnings, which the company attributes to the strong franc. Sulzer, however, announced Friday 14 October that new orders are up strongly despite the franc while Syngenta shows increased sales. Q3 financial results in Basel-based pharmaceutical giant Roche saw its sales [...]

Swiss business highlights: Aussie heads BIS, Roche down, Syngenta up, poker raid © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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