Zurich Stocks See Declines
12 March 2014 - 4:25AM
Dow Jones News
SMI dips 0.1% to 8359.51. Zurich Insurance falls 0.26% after
saying it will trim its global workforce by as much as 1.5%. Fellow
insurer Swiss Re climbs 0.31%. Nestle slides 0.45% after it reveals
changes to its corporate governance practices designed to meet the
requirements of a new law. Plumbing equipment maker Geberit jumps
3.23% after announcing a share buyback worth roughly 5% of its
market capitalization. Swatch dips 0.79% amid news it will sell an
electronics unit. Banks decline with Credit Suisse off 0.78% and
Julius Baer dropping 0.25%, while UBS falls 0.16%.
Write to Zurich bureau at zurichdjnews@dowjones.com
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