Previous Day
European and Irish shares decline further
European shares fell yesterday, mirroring overnight declines in
Asia and following on from the significant losses seen in the US on
Friday as concern about slower economic growth again reared its
head. p
Lynn owes IIB, Nationwide €10m each
IIB Bank and Irish Nationwide Building Society are each owed in the region of €10 million by solicitor and property developer Michael Lynn whose practice closed last week amid concerns about his property dealings. p
Conrad back in the black with pretax profit of €100,000
The Conrad Hotel in central Dublin has returned to the black with a pretax profit of about €100,000 for 2006 after losing money for four years. p
Other Stories
Northern drug firm Almac to set up HQ in US
Armagh-based drug and diagnostics specialist Almac is investing more than €70 million in a new North American headquarters in Pennsylvania in the US. pShannon to urge split from DAA
Shannon Airport's board is set to call on the Government today to speed up the process of splitting up the State's three airports in the latest twist in the row over the Aer Lingus decision to switch to Belfast. pVictory for EU as Microsoft agrees to share secrets
The European Commission yesterday won an epic battle of wills with Microsoft when the US software giant finally agreed to do what Brussels demanded of it many years ago and share the secrets of its software with competitors. pCadence loses €8m in Ireland
US software group Cadence Design Systems has reported a pretax loss of $11.39 million (€8.04 million) for 2006 at its main Irish holding company, reversing profits of $364.76 million in the previous year. p'Financial Times' owner sees profit increase by 20%
Pearson Plc, the owner of the Financial Times , said yesterday that nine-month operating profit rose 20 per cent on higher demand for testing of business-school applicants and nurses and increased advertising revenue at the newspaper. pNorthern & Shell takes Cork firm to court over jet
British media giant Northern & Shell has launched a court battle in the Republic over the $38 million (€26.8 million) sale of an executive jet. pStudent loan bonds worth $6bn listed on ISE
Almost $6 billion (€4.24 billion) in bonds backed by American student loans have been listed on the Irish Stock Exchange (ISE) within the past month amid signs that the troubled US consumer credit market is coming back to life. pCommission extends inquiry deadline on Google takeover
Google, the dominant internet search engine, has offered to preserve some business practices at DoubleClick in a bid to win European antitrust approval for its proposed $3.1 billion (€2.2 billion) purchase of the company. pApple's income rises on back of iPhone
Apple's net income for its fiscal fourth quarter ended September 30th was $904 million (€637 million), or 101 cents per share, compared with $542 million, or 62 cents per share, a year earlier. pNI's leaders await crucial tax report
Belfast Briefing : It is not so long ago that your first impression of Northern Ireland if you approached it from the old Dublin to Belfast road used to be a political demand. pIn Short
A roundup of today's other business stories in brief: pNegative sentiment drives down index
Dublin report : The Iseq index traded as much as 3 per cent lower yesterday before recovering some ground to close down 1.9 per cent, or €1.8 billion lighter, at 7,644.80. p
