Minister sought orders over threat to financial system
THE MINISTER for Finance has secured High Court orders permitting the first steps in a process intended to achieve the orderly and speedy winding down of State-owned Anglo Irish Bank and Irish Nationwide Building Society.
IN&M may sue Associated Newspapers over unauthorised special edition of 'Tribune'
INDEPENDENT NEWS &Media (IN&M) is considering taking legal action against Associated Newspapers following the Irish Mail on Sunday ’s decision to run a special edition of the Sunday Tribune with many of its newspapers last weekend without permission.
Financial Services »
- NYSE Euronext, Deutsche Boerse in talks
Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world's biggest equity exchange, accelerating a day of takeovers that began with London Stock Exchange Group's acquisition of TMX Group.
- Lenihan postpones bank injections
The Government is to postpone further capital injections for AIB, Bank of Ireland and the EBS Building Society until after the election.
Construction & Property »
- Court to rule on McKillen case
The Supreme Court will proceed to rule on the outstanding constitutional and fair procedure issues raised in the case taken by businessman Paddy McKillen against the National Asset Management Agency to stop the transfer of his €2.1 billion in loans.
- Harcourt considers sale in Bahamas
PROPERTY GROUP Harcourt Developments is said to be considering the sale of a Bahamas resort it bought in 2007 but left undeveloped because of the property market collapse.
Energy & Resources »
- Energy prices down 1% despite rise in oil prices
ENERGY PRICES fell 1 per cent in January, a new survey has claimed, despite the rise in oil prices that has seen the commodity trade at more than $100 for the first time in more than two years.
- US crude reverses earlier gains
US crude futures reversed gains from earlier today to fall below $89 a barrel, as investors looked past the political crisis in Egypt and took note of heavy inventories in the US.
Health/Pharma »
- Sanofi reports progress in Genzyme talks
Sanofi-Aventis reported progress in talks to buy US biotech Genzyme and predicted 5-10 per cent lower earnings in 2011, underscoring the French drugmaker's need to find new sources of revenue growth.
- Elan posts operating profit over MS drug
After a decade of turmoil, Elan is back in profit, at least at the pre-exceptional operating level. The company’s volatile past is evidenced by the inclusion of a previously announced $206 million settlement for unauthorised marketing of epilepsy therapy Zonegran, which blotted the company’s performance at the pre-tax level.
Media & Marketing »
Internet relationship: AOL snaps up Huffington Post for $315m
AOL will buy Arianna Huffington’s influential website for $315 million (€232 million), looking to the high-profile liberal pundit to rescue it from the dustbin of internet history.
- AOL to buy the 'Huffington Post'
US internet company AOL Inc said it agreed to buy the Huffington Post news website for $315 million, creating a media group that will have a combined base of 117 million visitors a month in the United States.
Manufacturing »
- Smurfit earnings rise in 2010
Smurfit Kappa Group grew its earnings by 22 per cent in 2010, and said it expects further growth in 2011.
- Exports push growth in production to 11-year high
EXPORTS CONTINUED to drive the manufacturing sector in January, as output rose at its fastest pace in more than 10 years.
Retail & Services »
- Data breach at recruitment site
Gardaí are investigating a security breach at the recruitment website RecruitIreland.com.
- M&S poaches Tesco's online chief to give it web reboot
In Laura Wade-Gery, Tesco has lost a rare thing for the company – a high-flying woman
Transport & Tourism »
- Car registrations continue to rise
The number of new private cars licensed in Ireland rose 30 per cent in January, new data from the Central Statistics Office showed today.
- In Short
A round-up of today's other stories in brief
Other Sectors »
Looking to the future: Innovation awards
THREE COMPANIES seeking funding to expand their operations will go head-to-head for the title of “best investment proposal” in the Docklands Innovation Park Enterprise Awards.
This week
European sovereign debt issues are expected to remain to the fore in the days ahead, after EU leaders met late last week amid growing speculation of an overhaul of the euro zone’s bailout fund by March.
Latest
- 21:54Scotland have it all their own way
- 21:43Young seals success for England
- 21:35Sporting Fingal cancel all player contracts
- 21:15NI accused 'claimed domestic abuse'
- 20:45Aer Lingus roster dispute resolved
- 20:32Court hears brain-damage case
- 19:41Lenihan postpones bank injections
- 19:28Leading Irish stocks fall back
Your Vote
The Irish Times Tech 50 »
The main movers this week in The Irish Times Tech 50, a ranking of Ireland's highest-potential technology companies, produced in association with YouNoodle For the full table click here.