Latest news with #Swiss-American
Yahoo
5 hours ago
- Business
- Yahoo
This Mountaintop Home in Switzerland Is a Modern Take on a Classic Alpine Chalet
You don't need a massive plot of land or over-the-top design to make a powerful statement in real estate—especially not in the Swiss Alps. This boxy, three-story home and its detached carport cut striking figures among the dense greenery of the Alpine landscape during the summer and the glimmering white snow during winter. The dark-stained larch wood siding will only get darker over time through exposure to the elements, while the steep pitch of the solar-equipped standing seam metal roof helps keep snow from piling up and wood slats over some windows offer privacy while maintaining the views from inside. More from Robb Report Art Dealer Barbara Gladstone's Elegant Manhattan Row House Lists for $12 Million A Carefully Reimagined Midcentury Oasis in the Pacific Palisades Lists for $25 Million This $24 Million Boston Home Doubles as an Art Gallery Designed by the firm Montalba Architects as a modern homage to a classic architectural trope, the home is built into the hillside and angled to take in the best view of the 10,000-foot-tall Grand Muveran. Drawing inspiration from the shape of traditional chalets, the residence has been rethought with an open floor plan, vast picture windows, and clean-lined midcentury-inspired furnishings. Constructed over just 10 months, Montalba worked with a local builder to complete the property. All of the millwork, including the angular staircase, was also done in collaboration with local carpenters and cabinet makers. Many of the furnishings came from Switzerland as well, with additional pieces curated from throughout Europe and California. RELATED: A London-Based Designer Brought Italian Style to This Pint-Sized Apartment in the Swiss Alps It's a style of sourcing that mirrors the other work of Montalba, an international firm with offices in Los Angeles, New York, and Lausanne. The company was founded back in 2004 by the Swiss-American architect David Montalba, and it draws on Swiss precision and California Modernism to create properties that evoke both styles. Modest in size at just 2,600 square feet, the Alpine abode takes advantage of lighter woods and neutral tones that contrast with the dark, moodier exterior. The main living spaces are on the middle floor and include a living room with a Nero Marquina marble fireplace and a cozy Ligne Roset sofa and armchairs. In the dining area, the tables is from Moyard, and the light-filled kitchen opens to a small patio on the home's east side. The top floor is largely for sleeping. The primary suite has a covered balcony and private bath, and two guest rooms share an additional bathroom with a shower sheathed in the same marble used on the downstairs fireplace. The lowest level, which is embedded into the mountainside, has a studio space with a separate entrance, as well as a small sauna and storage of Robb Report The 10 Priciest Neighborhoods in America (And How They Got to Be That Way) In Pictures: Most Expensive Properties Click here to read the full article.
Yahoo
12-05-2025
- Sport
- Yahoo
Kings' Fiala and Team Switzerland Shutout Team USA 3-0
In his first game of the 2025 IIHL Mens World Championships, Kevin Fiala came ready to play. Looking creative and dangerous with the puck all afternoon and into the evening, the 35-goal scorer for the LA Kings this past season played a big role in handing Team USA its first loss of the tournament. Playing alongside New Jersey Devil Nico Hischier and Swiss-American Tyler Moy on the top line, the addition of Fiala may have contenders like Canada, the USA, Czechia, and Sweden looking over their shoulders a bit. In what has become familiar to LA Kings' fans over the years, Kevin was "being Kevin" out there for the Swiss during this game, which works much more often than not. In addition to some risky passes and decisions in his own zone, Fiala used his skating to attack the US defenders up ice and was constantly looking to create chances. The MVP from the 2024 Worlds also clanked a hard wrister off of US goalie Joey Daccord's post and used his stickhandling and skating to draw a penalty as well. Advertisement Although dominating in puck possession during most of the first period, Team USA had trouble mustering a consistent attack for most of the game against last year's silver medalists and looked out of sorts for large stretches of the contest. In this type of tournament, teams need to come together quickly and sometimes lack the chemistry needed to form a cohesive unit. Team USA will need to quickly find its mojo if it hopes to come away with the gold medal on May 25th. After opening the scoring at 12:46 of the first period on a lob deflection from Damian Riat, the Swiss would make it 2-0 just three minutes later. Kevin Fiala backed up the US defense with speed and dropped the puck back to Jonas Siegenthaler, who zipped a wrist shot past Daccord. Swiss goalie Leonardo Gemoni, currently playing for Swiss National League A team EV Zug, stopped all 23 shots he faced, answering those who second guessed his selection to the national side this year. Preliminary stage play will resume for the Swiss on May 15th when they square off with Germany, while the US will look to get back in the win column against Norway on May 14th.
Time of India
01-05-2025
- Business
- Time of India
Logitech to shift some production from China to counter Trump tariffs
By John Revill ZURICH: Logitech International will mitigate the impact of U.S. President Donald Trump's tariff policy by shifting some production of its computer mice and other peripherals away from China. Chief Executive Hanneke Faber said she would take an active approach to handling trade barriers, an issue of particular concern for Logitech, which produces all of its products outside the United States, though the country is its biggest market with 35% of sales. "We are going to play offence while exercising strong cost discipline and acting with agility," Faber told analysts after the webcam and keyboards maker reported fourth-quarter earnings slightly below estimates. The Swiss-American company presently makes roughly 40% of its products sold in the United States in China, creating a difficult situation after Washington imposed import duties of 145% on goods from Beijing. Logitech now wants to reduce the share of China-made products shipped to the U.S. to 10%, by switching more of its production to Vietnam, Taiwan, Thailand, Malaysia and Mexico, where it has arrangements with contract manufacturers. "We're in the fortunate position that we have invested in a really diversified manufacturing footprint," Faber said. "So while I won't say it's easy to shift volume, our team is doing a fantastic job at shifting volume fast to mitigate tariff impacts." Other moves included raising prices in the United States by around 10% to compensate for tariffs, while the company would also remain focused on the rest of the world where it gets 65% of its sales. In addition costs would be reduced, for example by delaying hiring, and cutting back on spending on travel and other expenses The plan was unveiled as Logitech reported non-GAAP operating profit fell 16% to $133 million in the quarter ended March, missing analysts' estimate of $134 million. Quarterly sales were flat at $1.01 billion, below estimates of $1.03 billion, the consensus of analysts compiled by Visible Alpha. Bank Vontobel analyst Michael Foeth was encouraged by Logitech's plan, while the stock was trading 1.5% higher in early trading in Zurich. "From a position of competitive and financial strength and with a highly agile production set-up, the company has a convincing track record to compete successfully in difficult times," Foeth said.
Mint
29-04-2025
- Business
- Mint
Logitech posts weak quarterly profit; unveils plan to counter Trump tariffs
ZURICH -Logitech International on Tuesday outlined plans to mitigate the impact of U.S. President Donald Trump's tariffs policy as the computer mouse and keyboards maker reported fourth-quarter earnings that were slightly below estimates. Chief Executive Hanneke Faber said the company would take an active approach to handling trade barriers, an issue of particular concern for Logitech, which produces most of its products outside the United States, one of its biggest market. The company will leverage its diversified manufacturing across six countries. It said that roughly 65% of net sales come from outside the U.S. The plan includes reducing the share of China-made products shipped to the U.S. to 10% from 40%. Logitech makes products at the company's plant in Suzhou, eastern China, creating a difficult situation after Washington slapped duties of 145% on Beijing. The Swiss-American company started diversifying its production outside of China in 2018, a situation which Logitech said would help it deal with the current uncertainties. Apart from the U.S., Logitech also has a large sales presence in Europe where its keyboards and devices are popular with computer gamers and home workers. Logitech said its non-GA operating profit fell to $133 million in the quarter ended March, falling short of analysts' estimate of $134 million. The company's figures were not affected by Trump's hike in trade tariffs, announced on April 2, but were hit by problems with an e-commerce payment provider and higher investments in research and development, and marketing. Quarterly sales were flat at $1.01 billion, below estimates of $1.03 billion, the consensus of analysts compiled by Visible Alpha. However, Logitech, which is based in Lausanne and San Jose, California, hit its full-year guidance for sales of $4.54 billion to $4.57 billion, and non GA operating income of $755 million to $770 million. Earlier this month Logitech withdrew its 2026 outlook, citing continued uncertainty stemming from Trump's trade policy. Due to Logitech's production in Asia and Mexico, the company is particularly vulnerable to U.S. tariffs. The remaining 60% of Logitech's sales of computer mice, keyboards, headsets and webcams is produced through contract manufacturers in Vietnam, Taiwan, Thailand, Malaysia and Mexico. These countries also face hefty tariffs on their exports to United States. For the first quarter of its 2026 fiscal year, Logitech said it expected sales of $1.10 billion to $1.15 billion and non GA operating income of $155 million to $185 million. This article was generated from an automated news agency feed without modifications to text. First Published: 30 Apr 2025, 04:46 AM IST
Reuters
14-04-2025
- Business
- Reuters
Companies withdraw guidance amid Trump's tariffs
April 14 (Reuters) - The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some of them to withdraw or refrain from giving a financial guidance. Here is a list of companies that have made such moves: AEROSPACE & DEFENSE The U.S. carrier on April 9 withdrew its financial forecast for 2025, saying travel demand has "largely stalled" as tariffs fuel economic uncertainty. FRONTIER GROUP (ULCC.O), opens new tab The parent of Frontier Airlines withdrew its full-year forecast on April 11 and warned of a loss in the first quarter, as Trump's trade war has hit travel demand. HEALTHCARE BELLUSCURA (BELLB.L), opens new tab The U.S.-headquartered medical device maker on April 8 pulled its guidance for 2025 due to the U.S. tariffs on China. RETAIL AND CONSUMERS CHARACTER GROUP (CCT.L), opens new tab The British toy maker abandoned its annual forecast on April 11, saying it expected the tariff effects on China to be felt in the second half of 2025. The British spirits maker withdrew its medium-term organic sales growth forecast on February 4, acknowledging a prolonged downturn in demand and uncertainty over tariffs. The risk of U.S. tariffs on Mexico and Canada from March added "further complexity" around the guidance and threatened $200 million worth of operating profit in the second half, company executives said. LOGITECH (LOGN.S), opens new tab The Swiss-American computer parts maker pulled back its 2026 forecast on April 10, citing continued uncertainty stemming from Trump's trade policies. It maintained its 2025 sales forecast. OTHER PAGEGROUP (PAGE.L), opens new tab The British recruiter did not issue a financial forecast in its quarterly statement on April 9 amid "increasingly unpredictable" conditions.
