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Nestle will ditch its U.S. candy business next year

Dec 21, 2017
If you’re a fan of Butterfinger or Crunch bar or Raisinets or any of the dozens of candies that Nestle makes, your sweet tooth may soon be beholden to a new owner. Swiss food giant Nestle is getting out of the U.S. candy business by the first quarter of next year, selling its confectionery holdings […]

Swiss banks agree to help U.S. on tax evader crackdown

Dec 16, 2013
There was a time not so long ago when if you wanted to store money somewhere, no questions asked, you’d go to Switzerland. Maybe not so much anymore.
Pedestrians pass by an embossed Bank sign at the entrance of a branch of the Swiss banking giant UBS in Zurich.
FABRICE COFFRINI/AFP/Getty Images

Swiss banks must decide whether to hand over client information to U.S.

Dec 9, 2013
Today is the deadline for Switzerland's private banks to decide whether to cooperate with U.S. demands to combat tax evasion by handing over client information -- a move that would finally end the long tradition of banking secrecy.

Swiss freeze potential Mubarak assets

Feb 11, 2011
A spokesman from the Swiss foreign ministry confirmed the ministry has frozen assets that may belong to now-former Egyptian President Hosni Mubarak...