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January 4, 2010
Novartis strengthens position in eye care
...always set of a focused diversification in healthcare to become stronger in businesses we’re already active in,” Daniel Vasella, chairman and chief executive, told the Financial Times...Texas, but legally a Swiss company, with Novartis’s Ciba Vision subsidiary will create... By Haig Simonian
January 5, 2010
Novartis strategy in focus as it strengthens position in eye care
...always set of a focused diversification in healthcare to become stronger in businesses we're already active in," Daniel Vasella, chairman and chief executive, told the Financial Times...Texas, but legally a Swiss company, with Novartis's Ciba Vision subsidiary will create... By Haig Simonian
March 26, 2006
Interview transcript
...sense based on where we though we were in the industry. So our position is different...than what J&J’s doing or what Novartis is doing, what Pfizer is doing...and what some other companies are doing. I guess we’re more like a pure pharma like Lilly...They care about the company they’re willing to listen. We probably have a one-hour meeting twice a month. There was a concern that Larry would be camped out in my office and the executive board would be doing this...know, the advisory committee voted in favour of it [to stay on the market]. And we’re completing a trial with Arcoxia that...there any timing like perhaps the litigation needs to run its course before the...
October 6, 2009
Sanofi, Teva and Novartis raided in antitrust probe
...largest generic drugs producer, and Novartis of Switzerland have all been...European competition officials in a fresh probe into suspected...competitive business practices and/or abuse of a dominant position...month probe into practices in the drugs sector. This concluded...rival drugs was being delayed and costs to consumers inflated...possible – including lengthy litigation, restrictive settlement agreements... By Nikki Tait in Brussels and Andrew Jack and Jane Croft in London
January 26, 2010
Buffett’s Berkshire builds stake in Munich Re
...replace Burlington Northern in the S&P 500 and the S&P 100 index. Analysts said the increased shareholding in Munich Re signalled a marginal change in Berkshire...reinsurance stock prices.In an interview in 2008 Mr Buffett characterised his Munich Re stake as a financial investment and said he had been in contact previously with the company’s management... By James Wilson in Frankfurt and Paul J Davies in London
January 26, 2010
Novartis in stealthy pursuit of change
...among the more youthful chief executives in the international pharmaceutical industry...survive as much as a symbolic moment for Novartis. While many recently appointed pharmaceutical...already been chief executive for 14 years and held the combined role of chairman at...its formation by the merger of Sandoz and Ciba-Geigy. The changes published...standing shareholder pressure for change at Novartis to improve performance, broader corporate governance trends Europe-wide and intensifying peer pressure. The board only...but the European trend has long been in the opposite direction. In 2008, Roche... By Andrew Jack and Haig Simonian
January 21, 2010
SEC litigation release for General Re
Litigation Release No. 21384 / January 20, 2010 Accounting and Auditing Enforcement...Commission v. General Re Corporation, Civil Action...SEC Charges General Re Corporation for Role in AIG and Prudential Accounting...200 million in revenues in 2000, 2001, and 2002. Gen Re received fees totaling... By
January 27, 2010
Buffett bolsters Munich Re stake
...Mr Buffett bought 3 per cent of Swiss Re, Munich Re's biggest European rival, which hit trouble in the financial crisis with writedowns and losses on credit default swaps. The move...Berkshire will replace Burlington Northern in the S&P 500 and the S&P 100 index. Analysts said the Munich Re announcement signalled a marginal change... By James Wilson in Frankfurt and Paul J Davies in London
January 27, 2010
Buffett adds Munich Re stake to expanding reinsurance portfolio
...largest shareholders in Munich Re, one of the biggest companies in the industry. Mr Buffett has...announcement to the stock market and regulators that was triggered...the second-largest investor in Munich Re, after BlackRock, the asset...little early for that." Munich Re, the world's biggest reinsurer in terms of its gross written premiums...preliminary results for 2009 next week and expects net income of between... By James Wilson in Frankfurt and Paul J Davies in London
February 2, 2010
Low claims boost Munich Re results
...another good result that demonstrates Munich Re’s earnings strength. We are realistic in our expectations and remain dependable for investors”, said...2009, above the upper end of what Munich Re had estimated in November and above analysts’ forecasts. The company also...traditional renewal date for non-life business in most countries, excluding the US and some big Asia-Pacific markets.Last year Munich Re hoped that turbulent capital markets would... By James Wilson in Frankfurt