European markets close deep in the red
Fri, 18 May, 2012 at 18:55
European stock markets closed deep in red today, as mounting fears about the ability of Spain and Greece to deal with debts and fix their troubled banking sectors spooked investors. More...
Facebook has mixed start trading on Nasdaq
Fri, 18 May, 2012 at 18:46
Facebook shares hover around break-even as its leap of 12% in opening trade today came crashing down. More...
IBOA to consider recommendation on AIB job losses
Fri, 18 May, 2012 at 14:44
IBOA The Finance Union is to consider the mediator’s recommendation on AIB job losses of up to 2,500 staff. However, the IBOA is seeking an urgent meeting with senior management to discuss its plans for the future. More...
50 jobs to go with Glanbia sale of Yoplait brand
Fri, 18 May, 2012 at 18:27
50 people are to lose their jobs at the Glanbia facility at Inch in Co. Wexford following the company's decision to end it's franchise agreement with Yoplait. More...
Bank of Ireland agrees terms on 1,000 redundancies
Fri, 18 May, 2012 at 15:55
The terms of the redundancy agreement that will see up to 1,000 staff leave Bank of Ireland have been agreed. More...
Britain's Cameron backs Hollande deficit plans
Fri, 18 May, 2012 at 12:27
British Prime Minister David Cameron backed new French President Francois Hollande's deficit plans as the leaders prepared to meet for the first time in Washington today. More...
Moody's downgrades 16 Spanish banks
Fri, 18 May, 2012 at 14:29
Ratings agency Moody's has cut the ratings of 16 Spanish banks by between one and three notches. More...
Euro crisis big threat to emerging Europe
Fri, 18 May, 2012 at 13:14
Lacklustre growth in emerging European economies could turn into recession if the euro zone crisis escalates, the European Bank for Reconstruction and Development has said today. More...
IBM to create 200 new jobs in Mulhuddart
Fri, 18 May, 2012 at 18:51
IBM, which currently employs more than 3,000 in Ireland, is to create 200 jobs at a new international services centre in Mulhuddart. More...
Passengers increase, revenue down - ICG statement
Fri, 18 May, 2012 at 12:10
Irish Continental Group (ICG) has issued its interim management statement which shows revenue is down and the group has seen a reduction in numbers for many of its services. More...
IN&M reports a drop in revenue in year to date.
Fri, 18 May, 2012 at 12:09
Independent News and Media reports a drop in revenue, with a rise in digital advertising offsetting a fall in traditional advertising. More...
Total Produce on target with earnings
Fri, 18 May, 2012 at 07:40
Total Produce, the fresh produce company this morning announced that it is on target to deliver 7% to 8% earnings per share. More...
Japanese shares slump on news from euro zone
Fri, 18 May, 2012 at 09:13
Japanese shares slumped 2.99% at the close this morning following a sell-off on Wall Street and pressure on the euro. More...
Oil prices slide to multi-month low levels
Fri, 18 May, 2012 at 16:03
World oil prices slid to new multi-month lows today as the market was rattled once again by concern about the outlook for demand linked to the eurozone debt crisis, analysts said. More...
Morning business news May 18
Fri, 18 May, 2012 at 08:34
Liam Casey of PCH International spoke to Morning Ireland this morning about the creation of a supply chain company feeding the constant demand for smartphone, e-readers and tablet. More...
Today in the press - May 18
Fri, 18 May, 2012 at 08:43
The Financial Times reports that Facebook has chosen a tough time for its shares to start trading as investors globally “unfriend” the market. More...
Cost of borrowing for Ireland hits 7.5%
Thu, 17 May, 2012 at 19:05
The cost of borrowing for Ireland has begun to escalate following renewed fears about Greece. More...
Howlin says asset sale money for jobs and stimulus
Thu, 17 May, 2012 at 18:36
The Minister for Public Expenditure and Reform, Brendan Howlin, has said that half of the total money raised by the sale of state assets will be used for job creation and the other half will be used to raise funds for other stimulus projects. More...
Fitch downgrades Greece to CCC
Thu, 17 May, 2012 at 19:03
Fitch ratings agency has downgraded crisis-hit Greece by one notch to CCC, citing the "heightened risk" that the country may be forced to abandon the euro currency union. More...
US unemployment figures unchanged in last week
Thu, 17 May, 2012 at 15:03
US unemployment claims were unchanged last week, data that will do little to ease concerns about a recent slowdown in jobs growth. More...