US Congress to vote on bailout deal after terms are agreedTHE US Congress will vote this week on a $700 billion bailout package for the US financial system, it was confirmed late last…Mon Sept 29 2008 - 01:00
Bush struggles to broker deal on bailout planAFTER A tentative Congressional agreement on a $700 billion plan to bail out vulnerable banks collapsed in disarray at a White…Sat Sept 27 2008 - 01:00
Bursting of the bankers' bubbleSenior Business Correspondent in New York Accustomed to huge rewards and minimal interference, Wall Street’s bankers are retreating…Sat Sept 27 2008 - 01:00
JP Morgan raises $10bn capital in WaMu takeoverJP MORGAN Chase raised $10 billion in new capital following a $1Sat Sept 27 2008 - 01:00
Wachovia loses 28% of value after WaMu failsBANKING GROUP Wachovia, the sixth-largest US lender by assets, lost more than a quarter of its value yesterday as confidence …Sat Sept 27 2008 - 01:00
Buffett's $5bn infusion seen as boon for financial systemGOLDMAN SACHS quickly followed a $5 billion investment by Warren Buffett's Berkshire Hathaway conglomerate with a separate fund…Thu Sept 25 2008 - 01:00
US seeks to limit top-level pay in $700bn bailoutTHE BUSH administration, battling strident political resistance to a $700 billion bailout for the financial sector, has agreed…Thu Sept 25 2008 - 01:00
Irish bank shares tumble amid renewed uncertaintyIRISH SHARES tumbled yesterday as turmoil gripped international markets as fears over banking stocks returned and uncertainty…Wed Sept 24 2008 - 01:00
$700bn plan gets hostile reception on Capitol HillRESCUE PACKAGE: US TREASURY secretary Hank Paulson and chairman of the Federal Reserve Ben Bernanke encountered hostility and…Wed Sept 24 2008 - 01:00
Goldman and Morgan Stanley end era on Wall StUS STOCKS lost ground again yesterday as Goldman Sachs and Morgan Stanley, the pre-eminent US investment banks, succumbed to …Tue Sept 23 2008 - 01:00
'Last surviving' members of elite club opt for safetyTHE HONOUR of ringing the opening bell at the New York Stock Exchange fell yesterday to Sheikh Nasser Al-Mohammad Al-Ahmad Al…Tue Sept 23 2008 - 01:00
Bush asks Democrats to support bailout as markets fallGLOBAL MARKETS endured renewed turmoil yesterday as US president George W Bush stepped up pressure on Democrats in Congress to…Tue Sept 23 2008 - 01:00
New move on US bank mortgages to cost $700bnTHE US government was battling early today to seal an agreement before markets open on a $700 billion (€485Mon Sept 22 2008 - 01:00
Takeover talk spurs interest in Anglo stockANGLO IRISH BANK: ANGLO IRISH Bank, with a market capitalisation of some €3Fri Sept 19 2008 - 01:00
Brokers say insurance premiums will riseTHE IRISH arm of insurance giant AIG, which was rescued late on Tuesday by the US Federal Reserve, has reassured clients and …Thu Sept 18 2008 - 01:00
Bernanke seeks review of rules to deal with crisisGLOBAL REACH - Why AIG had to be saved: FEDERAL RESERVE chairman Ben Bernanke is seeking a review of US government regulations…Thu Sept 18 2008 - 01:00
Eircom owner shares down 34% on €5.42bn debt fearsBABCOCK & BROWN: SHARES IN Babcock & Brown, the Australian investment bank that ultimately controls Eircom, lost a third…Wed Sept 17 2008 - 01:00
Waterford firm increases fundraising plan to €153.7mLUXURY GOODS firm Waterford Wedgwood has increased the scale of its latest fundraising initiative to €153.7 million, €33Wed Sept 17 2008 - 01:00
Fed considers special loan to aid insurance giantAIG FUNDING CRISIS: THE US Federal Reserve is considering extending a special "loan package" to insurance giant American International…Wed Sept 17 2008 - 01:00
Three Dublin law firms mergeDUBLIN LAW firms Sherwin O'Riordan (SOR), Mullany Solicitors and Brendan Walsh & Partners have agreed a three-way merger, …Mon Sept 15 2008 - 01:00
Financial aid unlikely for troubled Lehman BrothersUS TREASURY secretary Hank Paulson and the Federal Reserve have all but ruled out the provision of any government funds to aid…Sat Sept 13 2008 - 01:00
Grant Thornton, Foster McAteer in mergerTHE IRISH practice of accounting group Grant Thornton has merged with Dublin-based corporate recovery specialist Foster McAteer…Fri Sept 12 2008 - 01:00
Pepsi to make €338m from disposal of Irish companySOFT DRINKS giant Pepsi is poised to realise a total of almost €338 million from the voluntary liquidation of an Irish holding…Fri Sept 12 2008 - 01:00
Ebay pumps €40m into Skype rights entityONLINE AUCTION company eBay has strengthened to the tune of €40 million the balance sheet of the Irish entity that owns the intellectual…Tue Sept 09 2008 - 01:00
AIB extends investment arm to New York and LondonAIB INVESTMENT Managers (AIBIM), the investment and asset management arm of the biggest banking group in the State, has embarked…Mon Sept 08 2008 - 01:00
IDA seeks to avert jobs threat amid talk of Dell sell-offIDA IRELAND is working to avert any threat to the employment of some 2,000 workers in the Limerick manufacturing plant of computer…Sat Sept 06 2008 - 01:00
Dublin reinsurance market growingTHE VALUE of insurance premiums being underwritten in Ireland by international non-life insurers and reinsurance groups has risen…Fri Sept 05 2008 - 01:00
'Irish Times' sees 6% cut in profits to €20.3m for 2007THE IRISH Times Ltd, publisher of The Irish Times, has reported a 6 per cent reduction in operating profit to €20Fri Sept 05 2008 - 01:00
Russian oil giant Rosneft has holding company in DublinRUSSIAN STATE-OWNED oil giant Rosneft is using a holding company registered in Arbour Hill, Dublin, in the management of some…Thu Sept 04 2008 - 01:00
Swiss Re poised to get €241m from Dublin subsidiaryREINSURANCE GIANT Swiss Re is poised to realise €241 million from a voluntary liquidation of a profitable Dublin-based subsidiary…Thu Sept 04 2008 - 01:00
Downturn takes toll on Harvey Norman's Irish unitTHE ECONOMIC downturn and falling property market are extracting a heavy toll on electrical and furniture retailer Harvey Norman…Sat Aug 30 2008 - 01:00
Kerry may challenge Reox takeover rulingKERRY GROUP chief Stan McCarthy is mulling over whether to challenge in the High Court a ruling from the Competition Authority…Sat Aug 30 2008 - 01:00
INM holds interim dividend payment steadyINDEPENDENT NEWS MEDIA (INM) held its interim dividend steady for the first time in more than a decade as the firm reported a…Thu Aug 28 2008 - 01:00
Solicitors set to merge with Mason Hayes+CurranBUSINESS LAW firm Mason Hayes+Curran has unveiled plans to merge with long-established Dublin solicitors Arthur O’Hagan, a firm…Thu Aug 28 2008 - 01:00
Ombudsman appeals High Court ruling on Enfield Credit Union caseFINANCIAL SERVICES Ombudsman Joe Meade has initiated an appeal in the Supreme Court against a High Court judgment that quashed…Wed Aug 27 2008 - 01:00
Sisk lays off 10% of staff as profits drop to €52.1mSISK GROUP, by far the largest construction business in the State, has laid off more than 10 per cent of its staff since the …Wed Aug 27 2008 - 01:00
Pioneer recruits senior executive from BIAMASSET MANAGER Pioneer Investments has recruited a senior executive from Bank of Ireland Asset Management (BIAM) to lead a drive…Wed Aug 27 2008 - 01:00
Shares suspended in Babcock & Brown Uncertainty at Australian group that controls EircomSHARES IN Babcock & Brown, the troubled Australian investment bank that ultimately controls Eircom, have been suspended in…Wed Aug 20 2008 - 01:00
Holding company's €8.2m for Ardagh stakeA LUXEMBOURG holding company, in which financier Paul Coulson has a large minority interest, spent €8Tue Aug 19 2008 - 01:00
Developer's companylisted to be struck-off registerONE OF the companies through which developer Seán Dunne controls the Jurys and Berkeley Court hotel sites in Ballsbridge, Dublin…Tue Aug 19 2008 - 01:00
Irish firm buys bank branches for £20mA LOW-PROFILE property investment company based in Dublin has acquired four branches of Barclays bank in the London area and …Sat Aug 09 2008 - 01:00
Merrion Hotel in the red with pretax losses of €1.21mTHE MERRION Hotel in Dublin, a haunt of business people and well-heeled tourists, slipped into the red last year with pretax …Sat Aug 09 2008 - 01:00
Oil-rich Oman invests €200m in Jurys InnsQUINLAN PRIVATE has tapped the sovereign wealth fund of oil-rich Oman for a €200 million investment in Jurys Inns, the budget…Fri Aug 08 2008 - 01:00
Rhinebridge backers set to recover 55% of investmentTHE BACKERS of debt fund Rhinebridge, one of the first Dublin-based casualties of the credit crunch in international markets, …Thu Aug 07 2008 - 01:00
Shares in Finnish paper mill drop by 16%SHARES IN Finnish paper mill operator Powerflute dropped by 16 per cent on the Alternative Investment Market (AIM) in London …Thu Aug 07 2008 - 01:00
Prime Active to ramp up investment in mobile retailerPRIME ACTIVE Capital plans to ramp up its investment in US mobile phone retailer Cellular Center after the €11Wed Aug 06 2008 - 01:00
O'Reilly to pour more cash into Waterford FirmSIR ANTHONY O'Reilly and his brother-in-law Peter Goulandris are preparing to provide an additional €60 million to Waterford …Sat Aug 02 2008 - 01:00
DCC will not appeal against court inspectorA HIGH Court inquiry into DCC's sale in 2000 of its stake in fruit importer Fyffes and its earlier transfer of that stake to …Thu Jul 31 2008 - 01:00
Financial ombudsman says ruling will 'slow down' his workTHE FINANCIAL Services Ombudsman says that the High Court judgment which quashed his ruling in a complaint by Enfield credit …Thu Jul 31 2008 - 01:00
Shipsey a 'sound' and 'measured' barristerA SENIOR counsel with a wide-ranging commercial practice, Bill Shipsey (50) has acted for many big companies and senior business…Wed Jul 30 2008 - 01:00
