The government of Switzerland says an IRS attempt to obtain account information from Swiss bank UBS AG could jeopardize new tax treaty talks with the United States.

Swiss banking giant UBS AG said turning over to the IRS the names of thousands of wealthy Americans who might be withholding billions in income from U.S. taxes would violate Swiss law and undermine international relations, according to a court brief filed

Swiss chipmaker STMicroelectronics NV reported a wider first-quarter loss Wednesday as sales sank across the board, and said it would lay off 1,200 people.

Cleanliness, order and more ways to take your money: authorities in the Swiss city of Basel may have found a perfect recipe.

Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), or 1.60 francs per share, following a turnaround in its previously ailing investment bank.

Israel recalled its ambassador to Switzerland Monday for “consultations” to protest the Swiss president’s meeting with Iranian President Mahmoud Ahmadinejad ahead of a U.N.-sponsored racism conference in Geneva.

Aluminum maker Ormet Corp. says it is seeking a court order against Glencore International AG to prevent the Swiss commodities trader and producer from halting alumina deliveries to its southeast Ohio plant.

UBS AG, Switzerland’s largest bank, said Wednesday it expects a first quarter loss of nearly 2 billion Swiss francs ($1.75 billion) and that it will cut 8,700 jobs worldwide by the end of next year.

Swiss distance runner Viktor Roethlin will miss the London Marathon next month after lung problems forced him to take a break from training.

The Swiss government says it will cooperate on cases of international tax evasion, breaking with a long-standing tradition.