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Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

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(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said it trimmed its stake in iPhone maker Apple Inc, its largest stock investment, and added positions in Canada’s Suncor Energy Inc and software company Red Hat Inc. FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann Berkshire Read More

Berkshire trims Apple stake; adds SunCor, Red Hat

1 day ago DieselGasoil Comments Off on Berkshire trims Apple stake; adds SunCor, Red Hat
FILE PHOTO: The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann (Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Thursday it has trimmed its stake in iPhone maker Apple Inc, which is its largest stock investment, and added positions in SunCor Energy Inc and Red Hat Read More

UBS revamps compensation scheme for 10,000 staff

5 days ago DieselGasoil Comments Off on UBS revamps compensation scheme for 10,000 staff
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) has reorganized its pay policy for 10,000 back-office workers, Switzerland’s biggest lender said on Monday, changing how their bonuses are calculated. The staff — mainly working in functions like human resources, Read More

Airopack's debt revamp collapses, cites accounting issues

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ZURICH (Reuters) – Airopack’s (AIRN.S) recapitalization plan collapsed as lenders including Apollo Global Management (APO.N) demanded repayment following the discovery of “inadequate sales and accounting practices”, the Swiss aerosol packaging maker said on Monday. FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, May 1, 2018. REUTERS/Lucy Nicholson/File Photo Shares in the Read More

UBS overhauls pay policy for 10,000 employees: Financial Times

5 days ago DieselGasoil Comments Off on UBS overhauls pay policy for 10,000 employees: Financial Times
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo (Reuters) – UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported Read More

Swiss voters reject plan to curb urban sprawl

6 days ago DieselGasoil Comments Off on Swiss voters reject plan to curb urban sprawl
ZURICH (Reuters) – Swiss voters rejected on Sunday a proposal to limit urban sprawl by freezing the size of construction zones, rebuffing a plea from environmentalists to protect open spaces from the advance of bulldozers. Residential houses are seen during sunny winter weather on a mountainside in the town of Unteraegeri, Switzerland February 5, 2019. Read More

Credit Suisse investment bank won't shrink more: chairman

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ZURICH (Reuters) – Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the number two Swiss bank’s commitment to the business. FILE PHOTO: Chairman Urs Rohner of Swiss bank Credit Suisse addresses the bank’s annual shareholder meeting in Zurich, Switzerland April 27, 2018. Read More

Novartis CEO lauds Trump administration plan to overhaul rebates

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ZURICH (Reuters) – Novartis AG Chief Executive Vas Narasimhan said his company’s prescription drug prices have been “flat to negative” over the last three years, and directed blame for high costs for U.S. patients on industry middlemen that manage drug benefits. FILE PHOTO: CEO Vas Narasimhan of Swiss drugmaker Novartis addresses the company’s annual news Read More

Swiss exchange SIX to launch blockchain bourse in second half

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ZURICH (Reuters) – Swiss exchange SIX plans to launch its new SDX trading platform using blockchain technology to speed up trading in the second half of this year, Chairman Romeo Lacher said on Wednesday. FILE PHOTO – The logo Swiss stock exchange operator SIX Group is seen at the entrance hall of the stock exchange Read More

Novartis CEO says U.S. rebate plan will return cash to patients

1 week ago DieselGasoil Comments Off on Novartis CEO says U.S. rebate plan will return cash to patients
ZURICH (Reuters) – Novartis AG Chief Executive Vas Narasimhan said his company’s prescription drug prices have been “flat to negative” over the last three years, and directed blame for high costs for U.S. patients on industry middlemen that manage drug benefits. FILE PHOTO: CEO Vas Narasimhan of Swiss drugmaker Novartis addresses the company’s annual news Read More