Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Swiss Daybook: Richemont, Landis+Gyr Takeover, Roche and UBS

Don't Miss Out —
Follow us on:

May 19 (Bloomberg) -- Toshiba Corp., Japan’s biggest maker of nuclear reactors, agreed to buy Swiss electronic-metering company Landis+Gyr AG for $2.3 billion to bolster its smart-grid operations.

EQUITIES: *Cie Financiere Richemont reported full-year net income of 1.09 billion euros; the company extended its share buyback program and said sales in April were 32 percent above last year *Roche drug Tandem extends life of some lung-cancer patients *UBS Canada fires wealth head Rasmussen, Sivarajan, Harris *Glencore IPO to raise $10 billion as investors defy market rout *Evolva Holding shareholders approved the company’s acquisition of Abunda Nutrition

WHAT TO WATCH: *Swiss Economic Forum 2011 in Interlaken *Myriad Group holds its annual general meeting

ECONOMY: *Credit Suisse publishes survey results on investor confidence *SNB updates data on its website according to IMF standards

MARKETS: *The SMI climbed 0.6 percent to 6,535.24 *The SPI gained 0.6 percent to 6,012.85 *The Stoxx Europe 600 Index rose 0.3 percent to 278.17 *The MSCI Asia-Pacific Index dropped 0.3 percent to 134.76 at 7:50 a.m. Zurich time *Euro-franc traded at 1.2551 at 7:17 a.m. Zurich time

To contact the reporters on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net Carolyn Bandel in Zurich at cbandel@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.