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Waterford's glass is half-empty as fresh cuts fail to stem losses
The likely elimination of 470 jobs at Waterford Crystal is the
latest in a long line of painful redundancies from a business that
employed more than 3,200 people in its home market only 20 years
ago. p
Risk of power cuts as demand hits record levels
The risk of power cuts could increase this winter as demand for
electricity grows and ageing generating plants come under
pressure. p
Growth in lending slows to 2004 level
Growth in private-sector lending slowed further in September, with the annual increase in lending by credit institutions declining to its lowest rate since early 2004. p
Other Stories
Turkish shipping firm avails of Irish tax rate, expertise
A Turkish shipping company has established an Irish firm to manage six chemical tankers worth €120 million in a bid to avail of a lower tax rate and financial expertise in the Republic, a conference was told yesterday. pOne51 at €6 after first day of trading
Shares in One51 closed at €6 yesterday after its first day of trading on the grey market, valuing the Philip Lynch-led investment vehicle at €714 million. pHP says no jobs at risk in merger move
Technology multinational Hewlett-Packard plans to consolidate its Clonskeagh and Leixlip facilities on a single site at the Liffey Park Technology Campus in Leixlip, Co Kildare. pLegal firm selects new chairman
Legal firm McCann FitzGerald has selected a new chairman, John Cronin, and the partners at rival firm Arthur Cox have re-elected Pádraig Ó Ríordáin as its managing partner. pIrish subsidiary implicated in Saddam fraud
The Irish subsidiary of US industrial group Ingersoll-Rand paid a $53,919 (€37,235) "kickback" to Saddam Hussein's regime in Iraq in an effort to secure a UN contract, US regulators have claimed. pDollar slips to record low despite Fed rate cut
The Federal Reserve cut interest rates by a quarter point to 4.5 per cent yesterday, sending the dollar to a record low against the euro. pFalling tide of the dollar set to take further toll on Irish competitiveness
As the US currency sinks to its lowest level against the euro, Paul Tansey looks at the implications pState retains WEF ranking but competitiveness rating falls
The Republic has maintained its ranking of 22nd in an annual World Economic Forum (WEF) survey of competitive nations but has dropped two places in a key sub-index that focuses on the sustainability of competitiveness. pPremier Oil accelerates on bid speculation
Bid rumours were swirling round the oil exploration and production sector again yesterday. This time Premier Oil was in the frame. pFed rate cut drives US shares higher
US shares surged higher yesterday after the Federal Reserve cut interest rates by a quarter point. pChinese oil producer falls as revenues dip
The Hang Seng pulled back from its record high yesterday as other Asian indices were mixed ahead of the US Federal Reserve's interest rate decision. pTakeover talk boosts Swiss biotech group
Actelion, the Swiss biotech group, was in focus yesterday as takeover rumours circulated, pushing the stock up 5.6 per cent to €57.55. pBank of Ireland notches up 3.8% gain
Dublin report: The Irish market put in a good performance yesterday, rising in line with its European peers to close up almost 1 per cent, at 7,911.12. pTough consumer law puts onus on concept of 'advertiser beware'
Media & Marketing: It is lucky for Michael O'Leary that it is not yet a criminal offence in the UK to create false and misleading advertising, writes Siobhán O'Connell. pIn short
Other finance stories in brief p
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