ZURICH Shares in Stadler Rail surged on Friday as investors piled in to an oversubscribed initial public offering (IPO) that valued the Swiss trainmaker at around $3.8 billion and made more than a billion Swiss francs for Chairman Peter Spuhler.
DUEBENDORF, Switzerland Engineers working to tackle carcinogenic pollution from cars have developed cheap and simple devices to test the effectiveness of particle filters, which could help take toxic vehicles off roads without resorting to blanket bans.
* Shares fall more than 8 pct before paring losses
(Adds comments from call, market reaction)
ZURICH 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.
ZURICH Zurich Insurance announced a dividend increase on Thursday following a 24 percent jump in annual profit, and said that would set a floor for future payouts.
VIENNA/ZURICH AMS, which supplies Apple with sensors for its Face ID technology, disappointed investors with a 58 percent decline in fourth quarter core profit, its guidance and the suspension of a dividend payment for 2018.
ZURICH Kuehne und Nagel International AG is not seeking a mega-merger with Panalpina , the target of a $4 billion-plus approach from Denmark's DSV , majority shareholder Klaus-Michael Kuehne told the Handelszeitung paper.
ZURICH/LONDON GAM Holding AG said it would cut 10 percent of its staff and ditch its dividend as it warned it would slide to a net loss this year, sending shares in the Swiss asset manager down 30 percent.