Factors to watch on Nov 9

November 9, 2015 5:40 AM

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The mayor of watch-making capital La Chaux-de-Fonds does not foresee any imminent end to the crisis challenging the watch industry and his city, he told Swiss newspaper Le Temps on Saturday. "We're a little surpised by the magnitude of the bad news," Theo Huguenin-Ele told Le Temps. "You know the sacred cult of secrecy in the watch industry. But when one meets some watchmakers who are willing to open up a little, they are very, very worried."

The Novo Nordisk diabetes drug Victoza failed to improve clinical stability or delay death in patients suffering from advanced heart failure, researchers reported at a medical meeting on Sunday.

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