SWISS DAYBOOK: Synthes, Nestle, Sonova, Santhera
Synthes Inc. (SYST), the medical-device maker that’s agreed to be acquired by Johnson & Johnson, posted an 11 percent increase in third-quarter sales on growth in Europe and Asia. Third-quarter revenue climbed to $1 billion from $907.2 million a year earlier, the company said. Sales topped $1 billion for the first time.
EQUITIES: *Sonova Holding AG (SOON)’s first-half sales were 763 million Swiss francs ($852 million). *Santhera Pharmaceuticals says it will present data on Catena for the treatment of Duchenne muscular dystrophy. *Nestle plans to increase its number of brands, CEO Paul Bulcke said in interview
ECONOMICS/POLITICS: *Swiss government holds regular meeting at 9:00 a.m.
MARKETS: *The benchmark SMI declined 0.7 percent to 5,682.51 *The SPI fell 0.6 percent to 5,148.34 *The Stoxx Europe 600 Index lost 0.4 percent to 235.33 *The MSCI Asia-Pacific Index gained 0.8 percent at 7:30 a.m. Swiss time *Euro-franc traded at 1.2376 at 7:31 a.m.
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