Micronas Group's consolidated net sales (Automotive and Consumer) in the third quarter came to CHF 35.5 million, and in the first nine months of 2011 to CHF 115.2 million, compared with CHF 145.2 million in the first nine months of 2010. This decline is due mainly to the discontinuation of sales of Consumer products and dashboard controllers. Operating profit (EBIT) for the third quarter came to CHF 5.2 million, and for the nine-month period to CHF 13.5 million (first nine months 2010: CHF 17.4 million), which gives an EBIT margin of 11.7 percent of sales for the first nine months of 2011. Link: Click Here

Myriad Group AG (SIX Swiss Exchange: MYRN), a global leader in mobile technology having shipped over 3.8 billion software applications on more than 2.2 billion phones, announced that Michel Paulin has resigned from the Board of Directors in order to pursue other business commitments which prevent him remaining on the Board of Myriad. Link: Click Here
http://new.stocknews.ch/2011101824945/Press-Releases-EN/Change-in-the-Board-of-Directors-of-Myriad-Group.html

EFG International announces the findings of its business review. The private banking business remains competitive and profitable, but significant steps are required to address under-performing and non-core activities. The number of booking centres and offices will reduce meaningfully, lowering costs, sharpening focus and simplifying complexity. Link: Click Here

Leclanché convenes an extraordinary general meeting on 8 November 2011, at which the shareholders of Leclanché SA will be asked to approve an ordinary share capital increase as well as the creation of conditional capital in order to raise up to CHF 28 million. Link: Click Here

Bossard: Noticeable slowdown of the economy. Bossard Group's sales development increasingly reflects the forecasts over the past few months of a general slowdown of growth as well as declining PMIs worldwide. Whilst Europe and America continued to report positive growth rates in local currencies, sales in Asia were down 7.2 percent year on year. Link: Click Here

Roche (SIX: RO, ROG) today announced that the Phase III HannaH study demonstrated comparable efficacy of a new, investigational subcutaneous (SC) formulation of Herceptin (trastuzumab) to the standard intravenous (IV) infusion of Herceptin in women with HER2-positive early breast cancer. Link: Click Here


Economy
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So the authorities have seemingly realised the old EFSF plan doesn't work. What about the new plan? There has been a lot of press coverage about the proposal to turn the existing EFSF (European Financial Stability Facility) into a monoline insurer of sovereign debt, where the new structure would be called the European Sovereign Insurance Mechanism (ESIM). Link: Click Here

G20 Summit conclusions: Europe continues to move towards a package to resist contagion given Greek uncertainties. The G20 Summit of finance ministers and central bank governors requested that by next Sunday's EU Summit, the eurozone "decisively address the current challenges through a comprehensive plan". While it is clear that eurozone governments are striving purposefully to achieve a grand solution by the 23 October Summit, Saturday's G20 meeting still illustrated that many key issues are yet to be fully defined. Link: Click Here

BofA: What we expect from the 23 October EU meeting. On Sunday 23rd October, EZ governments are expected to come up with "elements of a global and lasting package", which will respond to the Greek issue, maximize the European Financial Stability Fund (EFSF), and set a roadmap for strengthening banks' capital, as well as elements for the governance of the Euro zone. Link: Click Here

Surge in Mobile Data Traffic Stimulates Telecoms Sector. The global market penetration of mobile wireless communications has outstripped global electricity supply. The explosion in the number of smartphone and tablet PC users looks likely to lead to exponential growth in mobile data traffic in the coming five years. US providers have the edge in this new market. Link: Click Here