Bloomberg News

SWISS DAYBOOK: Nestle Names CFO; Actelion Shareholder Elliott

September 28, 2011

Sept. 28 (Bloomberg) -- Nestle SA, the world’s biggest food company, named Wal-Mart Stores Inc. executive Wan Ling Martello as chief financial officer to succeed Jim Singh.

EQUITIES: *Actelion’s board elected Jean-Pierre Garnier as chairman, replacing Cawthorn; Elliott, shareholder group holds less than 3 percent *Private bankers’ Asian pay surge poised to slow, Falcon CEO says *Basel Committee said to keep capital-surcharge plans for banks *UBS sues highland crusader for $686 million in New York *Syngenta loses court bid against Bunge over modified corn

ECONOMY/GOVERNMENT: *SNB’s Thomas Jordan speaks in Basel at 6:15 p.m.

MARKETS: *The SMI rose 3 percent to 5,564.62 *The SPI gained 3.1 percent to 5,050.99 *The Stoxx Europe 600 Index climbed 4.4 percent to 229.91 *The MSCI Asia-Pacific Index was up 0.4 percent at 7:27 a.m. Zurich time *Euro-franc traded at 1.2198 at 7:27 a.m. Swiss time

--Editor: Randall Hackley, Matthias Wabl

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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