Toshiba confirms deal to buy Swiss firm
Japanese engineering giant Toshiba said on Thursday it would buy Swiss utility metering firm Landis+Gyr for $2.3 billion in response to expected growth in worldwide demand for more efficient power grids.
Day: May 19, 2011
Glencore IPO raises $10 billion
Swiss commodities giant Glencore said on Thursday that it had raised about $10 billion (7.0 billion euros) through an initial public offering set at 530 pence per share.
Swiss celebrate “Home Office Day”
The second “Home Office Day” is under way in Switzerland, with hundreds of office workers planning to stay home, organizers have said.
Nycomed bought by Japanese pharma giant
Japan's Takeda Pharmaceutical said Thursday it reached a €9.6 billion ($13.6 billion) deal to buy Swiss drugmaker Nycomed in what would be one of the biggest overseas acquisitions by a Japanese firm.
Insurer forced to pay after olive tooth accident
The Swiss Federal Court has ruled that an insurance company must cover the dentist bill for a woman who broke a tooth while eating olive bread, reports said.
Hamster explosion at Zurich pet hospital
An increasing number of hamsters are being taken to the animal hospital in Zurich, prompting authorities to issue guidelines for the owners.