BA loses £50m in Q4, less than predicted
GenevaLunch News Analysts had predicted losses of up to £150 million for BA (British Airways) for the final three months of 2009, but the company weighed in with a loss of £50m, down significantly from...
View ArticleUBS cheers investors with stronger than expected Q4 results
GenevaLunch News Zurich, Switzerland (GenevaLunch) – Fourth quarter profits for 2009 were CHF1.205 million, says Swiss bank UBS, offering investors a brighter face after months of gloomy news about its...
View ArticleAirline losses will be lower than forecast
GenevaLunch News Worldwide improvement is concentrated in Asia, Latin America Brands, not flags, must guide the industry to profitability, says Iata head Geneva, Switzerland (GenevaLunch) – The airline...
View ArticleBP posts record losses, sets aside $32.2b for oil spill
GenevaLunch News BP Tuesday announced it will sell $30 billion in assets to cover a record UK quarterly loss of $17 billion, part of $32.2b in pre-tax provisions it is setting aside for losses from the...
View ArticleUBS fined CHF100,000 for slowness over 2007 losses
GenevaLunch News Zurich, Switzerland (GenevaLunch) - Bank UBS took too long to in July to give shareholders information about looming losses in 2007, the Swiss Stock Exchange sanctions commission has...
View ArticleLogitech goes for tablets
GenevaLunch News Tablets are “additive”, mouse not about to disappear Lausanne, Switzerland (GenevaLunch) – Logitech, based in Romanel-sur-Morges, will have a “tablet focus” to its “product launches in...
View ArticleZurich Insurance expects to pay $500m for Q1 catastrophes
GenevaLunch News Zurich, Switzerland (GenevaLunch) - Five natural disasters in the Asia-Pacific region in the first three months of 2011 are likely to cost Zurich Financial Services Group $500 million,...
View ArticleSprouts the E.coli cause: German officials confirm it
GenevaLunch News GENEVA, SWITZERLAND – “It’s the bean sprouts”, the source of the E. coli outbreak in Germany, Reinhard Burger, Germany’s head of infectious diseases programme, said Friday morning 10...
View ArticleSwiss, Lufthansa losses as price of oil continues to rise
GenevaLunch News Parent company plans 3,500 job cuts worldwide “in coming years” ZURICH, SWITZERLAND – Airline Swiss and its mother company Lufthansa both showed losses for the first quarter of 2012, a...
View ArticleNot enough, UBS tells SEC, over Facebook loss refund
GenevaLunch News ZURICH, SWITZERLAND – The SEC (Securities and Exchange Commission) in the US said yes to a payback plan of $62 million drafted by Nasdaq OMX Group to compensate companies that lost...
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