ROUNDUP 2: UBS wants to swallow Credit Suisse completely - record profit and job cuts

ZURICH - After the emergency takeover of Credit Suisse by UBS, the name of the previously second-largest Swiss bank is also to disappear soon. UBS wants to integrate its former rival completely into its own group. A sale or a Borsengang of the Swiss business of Credit Suisse is thus off the table. Thousands of employees are to lose their jobs in the next few years. The emergency takeover gave UBS the highest quarterly profit in its history in the months April to June with about 28.9 billion U.S. dollars (26.5 billion euros), as it announced on Thursday in Zurich.

Salesforce forecast above expectations

SAN FRANCISCO - SAP rival Salesforce beat market expectations with its forecast for the current quarter. The enterprise software specialist expects revenue of $8.71 billion; analysts on average had expected $8.66 billion. The share price rose at times by more than five percent in after-hours trading on Wednesday.

Liquor group Pernod Ricard expects weaker start to fiscal year

PARIS - Spirits maker Pernod Ricard expects sales to rise gradually in the current fiscal year (ending June 30). In the first quarter to the end of September, however, business is likely to weaken somewhat compared to the strong previous year, as the group announced on Thursday. In the U.S. in particular, the boom in demand for high-priced spirits from the high points of the Corona pandemic is subsiding, it said. Competitor Remy Cointreau had also previously warned of a difficult U.S. business.

Siemens with major order worth billions for up to 540 trains with ÖBB

MUNICH - Train manufacturer Siemens Mobility has won a major contract to supply up to 540 single-deck electric multiple units for Austrian Railways (ÖBB). The framework agreement is worth more than five billion euros, the Siemens subsidiary announced in Munich on Thursday. They are expected to be in service from 2028, it said. The Mireo electric multiple units are to be used in local and regional transport and are considered highly energy-efficient.

Microsoft loosens Teams communications service from software packages

BRUSSELS - Microsoft is making a concession in the EU competition investigation into its office software business. The group's program packages will be available at lower prices in Europe from October without the Teams communications service, Microsoft announced Thursday.

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ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha