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  • Fed slashes rate in bid to boost US economy

    After a pause of almost a year, the US Federal Reserve resumed its bold programme of rate cuts yesterday, slashing the overnight lending rates by a full half percentage point in a bid to get the sluggish US economy moving again. p
Other Stories

  • Profits at Aer Lingus to beat forecasts

    Aer Lingus profits are likely to be around €45 million this year, €5 million more than previously forecast, the airline's chief executive has said. p

  • Riverdeep shares fall to new lows after report

    Shares in Riverdeep, the Dublin-based e-learning firm, fell to record lows yesterday following publication of a broker's report that questions the credibility of the company's management. p

  • Senior management at Alphyra propose buyout

    Alphyra's senior management has approached the company about a possible management buyout (MBO), just five-and-a-half years after flotation. p

  • Opposition calls for action from McCreevy

    The Minister for Finance, Mr McCreevy, must ensure the Revenue Commissioners is forced to compensate people refused tax rebates during the 1980s, Fine Gael has said. p

  • Vodafone renews offer for Cegetel

    Vodafone yesterday renewed its €6.77 billion cash offer for Vivendi Universal's stake in Cegetel, in the latest move by the mobile phone operator to take control of the French telecommunications company. p

  • Marketing in earnest to work Harry Potter magic

    The new Harry Potter movie opens on November 15th following the biggest marketing push behind any release into the Irish market. Warner Bros is spending €500,000 on the campaign for Harry Potter and the Chamber of Secrets - roughly twice the amount normally spent advertising a blockbuster movie. p

  • TV3 set to make a net loss of €2.7m

    TV3 will record a net loss of €2.7 million for the year to the end of last August, the station said yesterday. It expects to break even by next year. p

  • Further SEC resignations are expected as chairman quits

    Further resignations are expected at the Securities and Exchange Commission (SEC) as part of a wider shake-up of the main US financial regulator after Mr Harvey Pitt quit as chairman. p

  • Revenue's tax error could cost it dearly

    A change in the law regarding paying interest on tax wrongly raised by the Revenue Commissioners could cost the Exchequer 10s of millions of euros. p

  • Financial stocks remain weak as B of I sheds 3.3%

    MARKET REPORT: Shares lost more than 1 per cent yesterday as financial stocks remained weak. p
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