April 2009
UBS axed 240 Jobs in Asia-Pacific Wealth Mgmt group
Swiss bank UBS AG (UBS) is laying off 100 staff in Singapore, which together with Hong Kong as part of efforts to cut costs. The bank is shedding 240 jobs, or about 8% of the work force altogether in Asia Pacific, all from its wealth management group. ...
Nokia Siemens makes offer for chunks of Nortel
Finnish-German joint venture Nokia Siemens Networks, a joint venture of Nokia Corp. and Siemens AG, offered to buy key assets of the bankrupt Canadian telecom company Nortel Networks Corp., in a bid to expand its presence in the US market. Nokia Siemen...
December 2008
What is Siemens FCPA Cases or bribery scandal?
Siemens AG and Three Subsidiaries Plead Guilty to Foreign Corrupt Practices Act Violations and Agree to Pay $450 Million in Combined Criminal Fines Coordinated Enforcement Actions by DOJ, SEC and German Authorities Result in Penalties of $1.6 Billion ...
Ex. Novartis Thomas Ebeling to replace Guillaume de Posch at ProSiebenSat.1 Media AG
Thomas Ebeling will be the new CEO of ProSiebenSat.1 Media AG, from March 1, 2009. He last served as CEO of Novartis Consumer Health and as a member of the Novartis Executive Committee. He was appointed to the ProSiebenSat.1 Executive Board and named C...
October 2008
Ciba Holding Investor requests More Time to consider BASF's Bid
Bestinver Gestion, the biggest shareholder in Ciba Holding AG, asked Swiss authorities to extend the deadline for BASF SE’s 3.45 billion-franc ($3.1 billion) bid because it may undervalue the Swiss dye maker. The offer will likely expire Oct. 28...
FUCHS acquires the industrial lubricants business of MS Fluid Technologies in the USA
FUCHS PETROLUB AG in Mannheim, a globally operating lubricants supplier, acquired the industrial lubricants business of MS Fluid Technologies Inc. in Indianapolis/USA via its United States subsidiary FUCHS LUBRICANTS CO. effective October 1, 2008. For...
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