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Baltimore airport offers Aer Lingus $11m of incentives
Aer Lingus has been offered $11 million (€8.4 million) in incentives by Baltimore Washington International (BWI) airport to establish a direct route to Dublin if an open skies deal is agreed by the US and the EU. Ciarán Hancock reports. p
Warren Private in €700m Chester deal
Warren Private Clients has agreed in principle to join a UK and
a Canadian company in the development of a major town centre in
Chester which will have an end value of over €700
million. p
Quinlan gets €200m deal ahead of BDO
Quinlan Private has outdone professional services firm BDO Simpson Xavier for a €200 million office block project in central Dublin with Treasury Holdings, the vehicle controlled by John Ronan and Richard Barrett. Arthur Beesley , Senior Business Correspondent, reports p
Banks ordered to hand over documents
UBS and Aberdeen Asset Management were instructed by London's Supreme Court yesterday to hand over sensitive documents to a property investment firm controlled by Dublin-based Treasury Holdings as part of a lengthy legal battle due to be heard within weeks, writes John Mulligan. p
Other Stories
Offer values Alliance Boots at £9.67bn
US private equity firm KKR has joined forces with Stefano Pessina, deputy chairman and largest shareholder in Alliance Boots, to make a £10-a-share cash takeover approach for the retailer. pInter-Tel urged to sell Lake Communications
The founder of US-based telecommunications equipment firm Inter-Tel is urging the company to consider a disposal of Dublin-based Lake Communications, just two years after the Irish firm was acquired for up to $46.3 million (€35.2 million). pIDA initiates legal action to recoup funds from firms
IDA Ireland has initiated legal action against two client companies in what is understood to be an effort to recoup a portion of grants worth over €2 million which were awarded to the firms. John Mulligan reports. pPwC office in Moscow raided ahead of Yukos case
Russian investigators raided the Moscow office of PricewaterhouseCoopers (PwC) yesterday, stepping up pressure on the "big four" audit firm ahead of a crucial court case over allegations that it signed off on false accounts by Yukos, the bankrupt oil company. pIsland shows pretax loss of €7.8m despite big rise in turnover
Despite significant sales growth, exploration company Island Oil and Gas has reported a pretax loss of £5.39 million (€7.8 million) in the six months to the end of January, writes Caroline Madden pTelefónica to sell 75% stake in 'Big Brother' creator
Spanish telecoms group Telefónica yesterday launched the sale of its 75 per cent stake in Dutch television production firm Endemol - the creator of reality TV hit Big Brother - by hiring financial advisers. pFranco-German clashover EADS dividends
Franco-German tension at EADS escalated yesterday when the troubled European aerospace and defence group's main shareholders differed over dividend levels and again failed to agree on how to finance a new wide-bodied jet. pYahoo slips as AT&T seeks to redefine deal
Shares in Yahoo, the internet portal, were marked down more than 5 per cent yesterday morning after it emerged that AT&T was trying to renegotiate a five-year-old agreement under which the US telecoms giant has sold its broadband DSL service under the joint AT&T Yahoo brand name. pPositive jobs data soothe market fears of US recession
The US economy created jobs at a steady pace last month as the unemployment rate eased to 4.5 per cent, according to fresh government figures that soothed market fears about a recession. pTara attempt to exclude pension benefits fails
The High Court has rejected an attempt by Tara Mines to exclude up to 80 disabled former miners from certain substantial pension benefits available to existing employees. pVolumes remain light after recent rally
Market Report: The Irish market held steady yesterday after rallying strongly on Thursday. Many investors stood on the sidelines until US non-farm payroll data was released at midday, according to one trader. pIn Short
A round-up of today's other stories in brief. p
