Corporate

In Switzerland the employed worked more: in 2015 the hours worked in a professional environment reached 7.889 billion, an increase of 2.3% over the previous year. This was announced today, Monday, May 23, by the Federal Statistical Office, which published the data of last year.

The study states that have increased both the number of employees (+ 1.7%) and the actual annual duration of activities for everyone (+ 0.5%), indicating that this growth is attributable to frequently coincides with the end of holidays week.
The employees in the primary sector full time lead the ranking: 44 hours and 48 minutes, followed in order by "Accommodation and food service activities" (42 hours and 17 minutes), "Financial assets and insurance "(41 hours and 57 minutes) and" Other service activities "(41 hours and 34 minutes).

Tribune is still responding negatively to Gannett, which in late April had launched a bid on the company that publishes the newspapers "Los Angeles Times" and "Chicago Tribune". Tribune Publishing has indeed returned to the second improved offer, which provided for a price per share of $ 15 compared to 12.25 initially proposed.

According to Justin Dearborn, CEO of Tribune, the offer "is clearly inadequate" and not competitive with its recovery plan, which is now supported by a new investor: Always Tribune today said that the Nant Capital of billionaire Patrick Soon -Shiong has invested over 70 million dollars in the publishing group, the issuance of 4.7 million new shares at a price of $ 15 (the same supply of Gannett).

The German chemical and pharmaceutical giant Bayer has made an offer of 62 billion dollars for the purchase of Monsanto, an American company leader in the production of GM seeds. "Bayer has made an offer to buy all outstanding shares of Monsanto at a price of $ 122 per share or a total value of 62 billion dollars," the German company writes in a statement, a few days after announcing a contact with Monsanto .

Bayer last year had a turnover of over 46 billion euro and employs 117 thousand people. Monsanto last year achieved a turnover of more than $ 15 billion with a net profit of 2.3 billion.

Nears the deadline to bid for internet assets of Yahoo, but the expectations of the technology giant of Silicon Valley may be disappointed According to rumors reported by the Wall Street Journal, potential investors, Verizon Communications in the lead, would not offer more than $ 2-3 billion, while the company believes that the fork is from 4000 to 8000 million. Analysts believe that the assets actually worth between 4 and 5 billion.

Richemont shares closed at the end of March, the year 2015/2016 with a net profit of 2.23 billion EUR, an increase of 67% compared to the previous year. The turnover rose by 6% to 11.1 billion euro. In local currencies, however, sales accuse a drop of 1%, as the Geneva group active in the luxury sector.

The markets of Europe, Middle East and Japan showed a good performance, offsetting the weakness in the Asia-Pacific. The strong Swiss franc weighed on the price of the watchmaking sector, which still achieved sales up 3%.

In an interview with the Italian newspaper "La Stampa", Sergio Ermotti, UBS CEO, expressed his view on the ECB’s monetary policy: "Bringing interest rates so low it was a duty, you had to try. but today, while the European central Bank continues with its expansive monetary policy, governments do not make the necessary reforms. So insist in the same direction is a kind of aggressive treatment ".
Regarding a possible return to Unicredit to succeed Federico Ghizzoni, Ermotti was very clear: "I have a very nice memory of Unicredit, but I must say that I am very happy where I am today."

PostFinance has become a member of the Swiss Bankers Association (SBA)., Coming thus to render the institution Swiss Banking Ombudsman.

In yesterday’s session of the ASB Board of Directors, composed of 300 members, has approved the application for membership, is today in a statement PostFinance know that as one of the leading Swiss banks, is under the supervision of the Federal Authority financial market supervisory Authority (FINMA).

PostFinance, which has been authorized to conduct banking business in 2013, has achieved in the past year a profit of 459 million francs, 77 more than in the previous year. The client deposits fell by around 2.8 billion.

The company Lucerne Schindler elevators and escalators has got a very important job: equip the world’s largest airport, under construction in Turkey, in Istanbul, in operation since 2018.

"We are proud and excited to bring our innovative technology in this partnership with the new airport in Istanbul", he commented the director of the Schindler Group, Thomas Oetterli, in a statement today. They will install 306 elevators, 159 mobile and 183 moving walkways. The amount of the contract was not disclosed.