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His name is Yves Rossy and he’s a Swiss airline pilot by day and adventurer by night. The 22-mile flight took him only 10 minutes and he had hoped to reach 125 MPH. He started by jumping out of a small, French plane and quickly flipped on the jet pack.
An American customer of UBS AG will ask a Swiss court to stop his account details from being handed over to U.S. authorities probing alleged tax evasion, his lawyer said Monday.
The scientific organization CERN says repairs caused by an electrical fault in the world’s largest atom smasher will cost 25-35 million Swiss francs ($21-29 million).
Defending champion Roger Federer was eliminated from the Masters Cup on Friday with a 4-6, 7-6 (3), 7-5 loss to Andy Murray, one of those rare players with a winning record against the Swiss star. Federer, a four-time winner of the season-ending tournament, appeared to be bothered by a sore back that forced him to withdraw during the Paris Masters two weeks ago. Federer received treatment from the trainer three times during the match.
A renowned Swiss scientific institute says it has built a drill that spins at least twice as fast as any motor currently in existence.
Swiss insurer Zurich Financial Services AG on Thursday reported a 90 percent drop in profit for the third quarter following pre-tax writedowns of $1.1 billion and a costly hurricane season.
A senior executive with Swiss banking giant UBS AG was charged in a federal indictment unsealed Wednesday with conspiring to hide $20 billion in assets from the Internal Revenue Service using secret overseas accounts for thousands of customers.
A senior executive with Swiss banking giant UBS AG has been indicted on charges of conspiring to hide some $20 billion in assets from the Internal Revenue Service.
Swiss cement maker Holcim Ltd. reported a drop of 23 percent in third-quarter profit Wednesday and announced it will close plants in the U.S. and Spain.
Insurer Swiss Life Holding said Wednesday it expects a loss for the full year 2008, excluding one-off gains from the sale of some units, due to the financial crisis.
Former UBS AG Chief Executive Peter Wuffli has renounced 12 million Swiss francs ($10.2 million) in payments he was to receive under his contract when Switzerland’s largest bank fired him as the subprime crisis began, the bank said Sunday.
