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News Results

Roche revamps research ops, cuts 1,000 U.S. jobs
ZURICH/NEW YORK (Reuters) - Swiss drugmaker Roche Holding AG <ROG.VX> said on Tuesday it was overhauling its research operations by closing the 80-year-old New Jersey facility where Valium was discovered, cutting 1,000 jobs and replacing its drug research ...
Roche cuts 1,000 U.S. jobs by closing NJ plant
ZURICH (Reuters) - Roche <ROG.VX> announced an overhaul of its research activities, including the closure of a U.S. plant, 1,000 job cuts and the exit of its drug research chief. The Swiss drug company said on Tuesday Jean-Jacques Garaud, its head of ...
Lake Zurich moves forward with Paulus Park proposal
Paulus Park may finally get the facelift that park and recreation members have been discussing for over a year. The Lake Zurich village board voted Monday night at a special village board meeting to approve a proposal to improve the park.
Arlington Heights Daily Herald
Zurich Insurance Prices EUR500 Million 2022 3.375% Bond At 99.234
Zurich Insurance Group AG (ZURN.VX) has priced its EUR500 million ($631.45 million), 10-year bond at 147 basis points over midswaps, one of the banks running the deal said Wednesday. Bank of America Merrill Lynch, Barclays, Commerzbank, and ...
Swiss, Polish central banks to fight market strain via swaps
ZURICH (Reuters) - The Swiss National Bank said on Monday it had set up a swap agreement with the National Bank of Poland to help Polish banks, which have issued many franc-denominated mortgages, if they cannot get francs in the markets. The ...
The Guardian
Adecco plans to buy back €400M of shares
ZURICH -(MarketWatch)- Swiss staffing company Adecco AG Tuesday said it will launch EUR400 million share buyback programme with the aim of subsequent cancellation of the shares and reduction of the share capital. -The share buyback is planned to ...
Ace Names McBride To Head of International Claims, Replacing Day
Ace Ltd. (ACE), the Zurich-based insurer with operations in more than 50 nations, named Andrew McBride as executive vice president for claims in its international business effective today. He replaces Roger Day, who will retire from the company ...
Credit Suisse Pushes Ahead with Cutbacks
ZURICH—Credit Suisse Group AG is moving ahead with its plan to cut around 3,500 jobs as it is set to shed up to 30% of senior jobs at its European investment-banking department, people close to the bank said Monday. Last year, Switzerland's second ...
Wall Street Journal
Fla. Citizens Taps Zurich Vet as New President
He previously spent two years as a strategic consultant with Mystic Capital Advisors Group and, before that, 16 years as an executive with Zurich North America. His tenure with Zurich included stints as chief executive officer of its Zurich ...
Insurance Journal
UPDATE 1-Adecco to buy back 400 mln euros of shares
ZURICH, June 26 (Reuters) - Adecco will buy back up to 400 million euros of shares from mid-July, the world's largest staffing company said on Tuesday. "Given Adecco's solid financial position and strong cash flow generation, Adecco's board of ...
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