ireland.com - The Irish Times

Unions warn inflation will fuel demands at pay talks
UNIONS HAVE warned that the rising cost of living will have a "serious impact" on forthcoming national pay talks as the annual rate of consumer price inflation accelerated to 5 per cent in March from 4.8 per cent in February. p

Waterford's aid plea 'akin to' UK bailout
THE CHIEF executive of Waterford Crystal, John Foley, has claimed that any Government "assistance" for the lossmaking company would be akin to the public bailouts of Northern Rock in Britain, Bear Stearns in the US and the rescue in the 1980s of Insurance Corporation of Ireland. p

First-time mortgages typically capped at 80%
FIRST-TIME BUYERS are being asked to provide 20 per cent of the price of a house when applying for new mortgages, according to IFG, which owns the State's largest network of mortgage brokers. p

Desmond sells stake in Scottish festival to Live Nation
CONCERT PROMOTER Denis Desmond has sold his 67 per cent stake in the company behind the Scottish music festival, T In The Park, to US live entertainment giant Live Nation. p

Other Stories

ECB warns of broader impact of financial turmoil
THE GLOBAL financial turmoil could last longer and have a broader impact on the euro-zone economy than previously expected, the European Central Bank (ECB) warned yesterday, even as it underlined its hardline stance on inflation by leaving interest rates unchanged. p
Rise both disappointing and damaging
ANALYSIS: Ireland's traded sector is caught between rising domestic costs and an appreciating euro p
Aer Lingus shareholders approve Airbus deal
AER LINGUS got clearance from shareholders yesterday to purchase 12 long-haul aircraft from Airbus, in spite of Ryanair voting against the motion. p
Yahoo moves to improve position in face of Microsoft bid
YAHOO HAS ratcheted up its efforts to improve its negotiating position in the face of an unsolicited takeover bid from Microsoft, amid signs that it was edging towards a three-way alliance with Google and AOL that might protect its independence or at least force Microsoft to pay more. p
Bank of England makes quarter point cut
THE BANK of England's monetary policy committee cut interest rates from 5.25 to 5 per cent yesterday, as it sought to offset the effects that renewed strains in money markets are having on borrowers. p
Ely Property to pay €10m for student site
NEWCOURT SUBSIDIARY Ely Property is set to pay €10 million for a student accommodation site close to Birmingham University in England. p
Cork approves airport debt deal
CORK AIRPORT Authority (CAA) last night accepted proposals that it take on a €13 million loan and €220 million in assets when it becomes independent from Dublin airport. p
Employment front has a day of mixed fortunes
US ENGINEERING group Cameron Corporation yesterday announced 140 new jobs in an expansion of its Co Longford plant over the next five years on a day of mixed fortunes on the employment front. p
Financial stocks suffer another tough day's trading
Market Report: DUBLIN EQUITIES were like toilet tissue yesterday: soft and strong. p

Agenda

Regilding the Lilly
THE FRIDAY INTERVIEW: WITH WHAT might seem an ironic sense of timing, John Lechleiter took over at the helm of US pharmaceutical giant Eli Lilly on April 1st. p
ON THE RECORD
Name: John Lechleiter. p
Future is far from crystal clear
Should the Government really support Waterford Wedgwood with public money? asks ARTHUR BEESLEY p
'Growth recession' only game in town
ECONOMICS: The non-housing sector must be in robust shape if growth is still expected in the economy overall p
Robbing the tip jar
PLATFORM: A trial in Boston this week underlined the hypocrisy of the corporate world when it comes to incentive pay p
Planet Business
Compiled by LAURA SLATTERY p

Personal Finance

All about the CEO
While chief executives with big egos will tend to pursue grandiose strategies, their performance is no better than low-key CEOs, writes PROINSIAS O'MAHONY p
How to beat the slump
Market meltdown and property woes have brought defensive investment to the fore, writes CAROLINE MADDEN p
Crony capitalism
SERIOUS MONEY: The US has reached a tipping point with regards to its unfettered markets p
Bond issue belies bleak view of market
AN INSIDER'S VIEW: It's still far too early in the cycle for a sustained recovery in financial share prices p
Q&A
DOMINIC COYLE answers your questions p

Technology

Planning for next revolution
The seeds of a new, big technological shift are emerging, predicts Carlota Perez. KARLIN LILLINGTON reports p
Standards authority happy with Microsoft format vote
DESPITE THE threat of a European Commission investigation, the National Standards Authority of Ireland (NSAI) says it is satisfied that the process which led it to vote for the ratification of Microsoft's Office document format as an industry standard was "open and transparent". p
Dotgone frustration for domain name seekers
NET RESULTS: ANYONE WHO has tried to get a domain name will know the biggest headache isn't coming up with a really good choice - it is finding one that hasn't already been taken. p
Net businesses go outside box WIRED
Entrepreneurs are now creating products that depend on the net but don't live solely on it p
Atom chip to power Intel's re-entry to mobile market
CONSIDERING THAT so many personal computers come with a sticker proclaiming there is "Intel inside", it is surprising that this dominance does not extend to mobile phones. p
Jukebox in the sky now coming to Earth
INBOX: THERE HAVE been devices that allow people to listen to music in any room of their home for some time. p
Rumour about potential buyer of Iona unit
IT IS being widely reported in the technology community that an unnamed party has been sounding out Iona Technologies' peers regarding a purchase of the company's open source business unit. p
Vodafone centre has closed
VODAFONE'S DUBLIN centre of excellence, which was launched in a blaze of publicity by Minister for Enterprise, Trade and Employment Micheál Martin just over two years ago, was quietly shut down last August. p
Google defends data retention
GOOGLE HAS defended a policy of retaining data on web users for up to 18 months as necessary to improve search results, responding to an EU report that saw no need for search services to keep personal data beyond six months. p
In Short
A round-up of today's other business technology stories in brief p

Recruitment & Management

Trade unions struggling to stay relevant
Trade unions are failing to recruit in a diverse workforce and to market their attractions, writes GERALD FLYNN p
Recruitment agencies must work at adapting
THE ABILITY to adapt is key to survival in the modern Irish economy, the National Recruitment Federation's annual conference was told. p
'Network, network, network'
BUSINESS 2000: Business organisations offer entrepreneurs a low-stress way of building up contacts p

Back Page

Donegal Creameries sweet on Highland Radio
ONE MORE THING: WITH THE sale of Highland Radio in full swing by Denis O'Brien's Communicorp, Donegal Creameries has emerged as a potential, and curious, bidder for the station. p
Hungry for another media venture
ONE MORE THING: WE DON'T know good his Hungarian is but David Harvey is set to launch his latest media venture in Budapest in June. Called City 7, it's an offshoot of his Dublin-based City Channel TV station, which went live in October 2005. p
What's Inn a name?
ONE MORE THING: THERE WAS, no doubt, a lot of head-scratching at the Bernie Gallagher-led Jurys Doyle hotel chain over the past week on foot of reports in the Hungarian media that it was planning to open a four-star property in Budapest. p
Latest find fuels hope for resource company
ONE MORE THING: LITTLE-KNOWN London-quoted, Irish resource group Belmore Resources announced a significant find in the past week. p
Davy's flying visits to Irish airlines
ONE MORE THING: DAVY AND some institutional investors paid a flying visit to a number of Irish airlines on Wednesday with some interesting results. p
Keep on truckin'
UNDER THE RADAR: IF IRISH manufacturing is on its knees, somebody forgot to tell Gerard Giblin. And if they did tell him, he obviously wasn't listening. p

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