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Microsoft gets go-ahead for data centre
Microsoft Ireland has been granted planning permission for what would be one of the largest data centres in Europe, at Grange Castle in Dublin, although the project has yet to be approved by Microsoft's corporate headquarters. p
Aer Lingus takes 1,200 bookings for Belfast route
Aer Lingus has so far taken 1,200 bookings for its new Belfast-Heathrow route, which is set to be launched on January 14th. p
US promoter to manage Crosbie's venues
US entertainment giant Live Nation will manage the four Dublin
entertainment venues owned by property developer Harry Crosbie when
they are opened to the public. p
Other Stories
Ambitious fundraising planned by Movidia
A new Dublin-based semiconductor chip design company headed by a former Parthus Technologies executive is planning to raise millions of euro by the beginning of next year to fund development at the ambitious start-up. pEircom wants State role in network company
Eircom's chief executive has given the clearest indication yet of how he thinks a separation of the telcom's retail and network divisions could operate. pEU cannot force Ryanair to divest Aer Lingus stake
The European Commission has decided it cannot force Ryanair to dispose of its non-controlling stake in Aer Lingus, dealing a significant blow to the national carrier. pM&T's profits fall 5% on credit crisis
The meltdown in the US subprime market has affected profitability at M&T, the US bank in which AIB has a 24 per cent stake. pLow demand for local loop unbundling - firm
Eircom has said that, although it has put in place the infrastructure to support local loop unbundling (LLU), there has been no significant demand from other telecoms operators. pPrice inflation eased to 4.6% in September
The annual rate of consumer price inflation eased back to 4.6 per cent in September, its lowest annual rate in the year to date. pECB needs more information before deciding on rate rise
The European Central Bank said yesterday that it needs more information on the economic impact of credit market turmoil before deciding whether to raise interest rates again. pButlers plans more overseas expansion as profits rise 17%
Butlers Irish Chocolates is eyeing further international expansion of its cafe format as it wrapped up a sweet year in 2006, with profits at the firm rising almost 17 per cent to more than €2.1 million. pRising retail prices provide food for thought
ECB put off rate rise, but cost of food and clothing have jumped, writes Paul Tansey , Economics Editor pWaterford Wedgwood says sales down 9% in first six months
Sales at luxury goods maker Waterford Wedgwood will be down 9 per cent for the half-year to September 30th, the company revealed yesterday. It also announced that it plans to sell a further €100 million in preference shares, the second such sale this year, to fund more job cuts and revenue growth. pCentral Bank governor calls for more clarity on how institutions manage risk
Central Bank governor John Hurley has called for greater transparency between on- and off-balance sheet vehicles owned by financial institutions. pIn short
Today's other stories in brief pLast week's rally over as market falls again
Market report: The Irish market fell for a fourth day yesterday, losing 1.6 per cent in a session when its European peers all ended in positive territory. p
Extracting Irish oil long way off
The comments by Minister for Energy Eamon Ryan this week that Ireland's oil and gas are a resource of the Irish people makes it sound like anyone could take a spade, dig a hole, extract some oil and use it to power their home. pSeeking new oil sources
Oil rigs on the Caspian Sea poke from the horizon at Sangachal terminal outside Baku, home to one of the biggest oil and gas processors in world. pCritical audience for games
PLATFORM: With just under a year to go, the Beijing Olympics has polarised opinion to an extent not seen since Moscow in 1980. pIn for the long haul
THE FRIDAY INTERVIEW/Maurice Pratt C&C: Clouds descend outside the London Stock Exchange, where C&C chief executive Maurice Pratt is giving investors, analysts and financial news wires his take on where it has all gone wrong this year for the cider sellers. pSolid performance but some cause for concern
ECONOMICS: There has been a flood of forecasts recently about the economy's performance this year and next. Against this background, it is useful to take a reality check on what is actually known about the economy's health thus far in 2007. pCrosbie's dockland village gets to the Point
Developer's €850m Point Village project aims to attract more people to docklands and boost live music scene, writes Simon Carswell , Finance Correspondent pPlanet business
Today's other business p
Rock fall even hits experts
It seems that even the experts couldn't escape the plight of Northern Rock last month, with the bank's plunge into crisis costing one of the participants in the Rehab Great Investment Race more than €16,000. pCalculating CGT
Q&A: I own shares in the company I worked for through an employee share ownership scheme. These shares are in my name only and can be cashed in or transferred after three years. As my spouse does not use her capital gains allowance, I have transferred some shares into her name after three years. pWarning on costs of asset management
Europe's asset management industry chalked up record operating profits of €16 billion last year, finally overhauling the previous record of €15.4 billion set in 2000 at the height of the dotcom boom. pNot over yet
SERIOUS MONEY: The diehard bull market cheerleaders on Wall Street are partying again following the release of the US employment report for September last Friday. The numbers were broadly in line with expectations but revisions to previous releases showed that the drop in employment previously reported for August never happened. pAfter the gold rush
The Northern Rock debacle has taught valuable lessons to banks whose internet operations are growing ever more popular, writes Claire Shoesmith pSome food for thought
THE INVESTOR'S VIEW/Croesus: The prices of a wide range of commodities from oil to copper and silver has been rising for several years. Many price rises have been dramatic and a large number of new players have been attracted into the commodities markets. pOnline or in line
As the run on Northern Rock accelerated, the crisis at the British lender took on a frightening turn for many customers when they discovered they could not get at their money over the internet. p
E-mail pioneer aims to stamp out spam
Scott Weiss has a knack of getting in on things early. In 1996, he was one of the first employees of Hotmail, later to be acquired by Microsoft to become the world's largest webmail service. pEnet defends its networks operations
Enet, the company which has the contract to operate the Government-funded metropolitan area networks (MANs) in 27 regional towns, has rejected any suggestion that the infrastructure merely replicates Eircom's or that they are not commercially feasible. pEircom chief backs upgrading
Eircom chief executive Rex Comb has admitted that the current quality of its broadband services can be less than ideal but says it will be fixed with the current significant network upgrade. pDitch your hard drive history before your PC
NET RESULTS: Last week I wrote about recycling your PC - or, if it is still in good working order and of a reasonable specification, donating it. Several people e-mailed in short order to suggest it would be a good idea to remind people getting rid of any PC that they need to be extra careful about making sure they have fully wiped the drives clean. Otherwise, private and sensitive personal information may also get "recycled and reused" in some pretty undesirable ways. pModems the route to the future
WIRED: Which gadget in your house is going to see the greatest innovation and explosion in use in the next few years and will end up turning out to be the centre of your media, your work life, and maybe even your social life? Will it be your XBox? Your home PC? Your work laptop? Your mobile phone? Your television, even? pAlarm calls
INBOX: Gone are the days when the height of sophistication in radio alarm clocks was to have two separate alarms. Today just about anything can wake you up, from a mobile phone to a humble wristwatch to a PC. pSalon for science
Trinity College's new Naughton Institute in Dublin city centre houses the Science Gallery, an ambitious space where art and science can meet, writes Karlin Lillington pConfused of Calcutta
BLOGSPOT/www.confusedofcalcutta.com: JP Rangaswami is a former economist and financial journalist who was born and spent half his life in the Indian city of Calcutta. pIn Short
Today's other technology stories in brief p
HR advocated as key to company growth
Human resources may have suffered identity and confidence issues in the past but a US business development expert now believes it is one of the most important tools in generating confidence in a company's future performance. pRight ways - and wrong - of presenting yourself
The realisation that Ireland cannot beat huge multinationals from the US and Asia at their own game has led to our drive to develop a "knowledge economy". One of the key business skills that we have to foster, if we are to present ourselves as an educated, upskilled, industrious contractor to the world, is communication. But herein lies a problem. pNew courses in fund management
Financial services is becoming an increasingly complex world - and not just for its customers. The Institute of Bankers has now joined forced with the Securities and Investment Institute (Ireland) to provide certificate courses for industry professionals. p
Pratt paints a cloudy picture of C&C's troubles
When it comes to hype, Maurice Pratt and C&C would give Eddie O'Sullivan and his underperforming rugby squad a run for their money. pBlack Cats turn a shade greener
The greening of Sunderland FC continues apace. The English Premier League club has recruited Dubliner Paul Keogh to its board to help it maximise revenue opportunities overseas. pPlenty of good news stories for TV3
Good news on the double for TV3 this week. On Monday, the Broadcasting Commission of Ireland shortlisted the Ballymount- based television station for the multicity radio licence. pWill O'Brien pull the plug on his 98FM licence?
The Broadcasting Commission of Ireland's decision not to sanction the sale of FM104 to Denis O'Brien presents him with something of a dilemma. pBurren bids make O'Sullivan's day
Irishman Finian O'Sullivan could strike it rich if one of "a number of approaches in relation to possible offers" for Burren Energy ever turns into a takeover bid. pRooms online
UNDER THE RADAR/Emmett Traynor bmw-hotels.com: As the majority of Irish people now use online booking engines for holiday and business purposes, Cavan man Emmett Traynor is ensuring that hoteliers and guesthouse owners from rural Ireland do not miss out on a potentially large consumer base who book through the internet. p
