Latest Zurich News

A snowstorm brings Munich airport to a standstill and causes travel chaos in central Europe

Dec. 02, 2023 13:44 PM EST

BERLIN (AP) — All flights were grounded at Munich's airport Saturday after a winter storm dumped snow across southern Germany and parts of Austria, Switzerland and the Czech Republic, affecting travel across the region. After initially announcing a halt in air traffic until noon on...

On Holding: Q3 Earnings Snapshot

Nov. 14, 2023 05:26 AM EST

ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported third-quarter profit of $59.2 million. On a per-share basis, the Zurich-based company said it had net income of 20 cents. Earnings, adjusted for stock option expense, came to 22 cents per share. ...

UBS: Q3 Earnings Snapshot

Nov. 07, 2023 05:14 AM EST

ZURICH (AP) — ZURICH (AP) — UBS AG (UBS) on Tuesday reported a loss of $785 million in its third quarter. The Zurich-based bank said it had a loss of 24 cents per share. The bank posted revenue of $19.72 billion in the period. Its revenue net of interest expense...

Chubb: Q3 Earnings Snapshot

Oct. 24, 2023 17:27 PM EDT

ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported third-quarter net income of $2.04 billion. On a per-share basis, the Zurich-based company said it had net income of $4.95. The results beat Wall Street expectations. The average estimate of 10...

ABB: Q3 Earnings Snapshot

Oct. 18, 2023 05:05 AM EDT

ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Wednesday reported third-quarter profit of $882 million. The Zurich-based company said it had net income of 47 cents per share. Earnings, adjusted to account for discontinued operations, came to 48 cents per share. ...

FIFA moving 100+ jobs to Florida from Zurich as legal department transfers to 2026 World Cup base

Sep. 26, 2023 12:10 PM EDT

GENEVA (AP) — FIFA is moving more than 100 jobs from its Swiss headquarters to Florida, where a growing workforce is already working on organizing the 2026 World Cup. FIFA informed staff on Tuesday that its entire legal department and the audit, compliance and risk management teams...