Swisscom is further reducing its mobile termination charges: on 1 October 2010 they will fall from CHF 0.14 to CHF 0.08 per minute, and from the beginning of 2011 to CHF 0.07 per minute, which amounts to a reduction of 50% and brings them to the European level. Swisscom has also reached an agreement with fixed network providers VTX and Verizon and with mobile providers Sunrise and Orange. Link: Click Here

Swiss Prime Site AG increased rental income by 99.6% to CHF 211.4 million and EBIT by 84.4% to CHF 204.5 million. Profit attributable to shareholders rose by 53.8% to CHF 108.0 million. Over the year to date, the value of the property portfolio increased by CHF 4.2 billion to CHF 8.1 billion. The impressive growth rates are mostly a result of the acquisition of Jelmoli Group. The Swiss Prime Site share will be included in the mid-cap index SMIM of SIX Swiss Exchange as of 20 September 2010. Link: Click Here

Basilea Pharmaceutica Ltd. (SIX:BSLN) announces that Janssen-Cilag AG, a Johnson & Johnson company, will be discontinuing sale of ceftobiprole (Zevtera(TM)) for the treatment of complicated skin and soft tissue infections (cSSTI) in Switzerland. Link: Click Here

Barry Callebaut, the world's largest manufacturer of high-quality cocoa and chocolate products, and Kraft Foods Inc. (NYSE: KFT), the world's second largest food company and a global leader in confectionery, today announced the signing of a long-term global master product agreement. Under the terms of the agreement, the parties expect Barry Callebaut to deliver the majority of Kraft Foods cocoa products and industrial chocolate requirements around the world. Link: Click Here

u-blox: Seoul Commtech, a member of the Samsung Group and an internationally active high-tech company focusing on telecom, transportation, enterprise, home and security systems, has chosen u-blox as its partner for embedded GPS technology. Link: Click Here

Cicor wins EUR 2 million order for complex substrates in advanced radar systems. Cicor Group’s Microelectronics Division has signed a two year agreement worth EUR 2 million for a substantial quantity of Thin Film Multi Layer Aluminium Nitride Substrates with multi layer metallization and hermetic vias. These substrates are used in SELEX Galileo-designed Transmit Receive Modules (TRMs) within Electronically Scanned Array (E-Scan) radar systems. Link: Click Here

Logitech (SIX:LOGN) announced that at its annual general meeting held here today, the Company's shareholders elected Neil Hunt, chief product officer of Netflix, Inc., to Logitech's board of directors. The shareholders re-elected to the board Daniel Borel, Logitech founder, former chairman of the board and former chief executive officer; Sally Davis, chief executive of BT Wholesale; Guerrino De Luca, chairman of the board and former Logitech chief executive officer; and Monika Ribar, president and chief executive officer of the Panalpina Group. Link: Click Here

Abilis Systems, a Kudelski Group company, (SIX:KUD.S) and pioneer in RF semiconductor technology, introduces the AT810, the industry’s highest performing Digital Terrestrial TV (DTT) silicon tuner for consumer products such as set-top boxes, PCTV, portable TVs, DVD players and automotive media appliances. Link: Click Here



Economy
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UK: Robust manufacturing activity continues. Output of consumer durable goods rose particularly strongly over the month. More broadly though, growth in consumer durables output has fallen back markedly from peaks late last year. That is partly related to the boost from the government's car scrappage scheme dropping away. After a sharp 9% drop in July, motor vehicle output is now down around 16% from its recent peak in March. Link: Click Here