BUSINESS - BREAKING NEWS

The US stock market closed out its best week in nearly two years on a positive note today, helped by strong quarterly earnings from Microsoft and other big US companies.

BUSINESS - IRISH EXAMINER

PTSB may need €600m

KKR and Colony Capital are the most likely investors in Permanent TSB when it raises capital following the results of the stress tests, according to a source.

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Fyffes confident despite Chiquita merger blow

Fyffes’ management has vowed the Dublin company will remain at the forefront of the global produce industry, despite its proposed $1bn (€789m) merger with US banana rival, Chiquita Brands, collapsing.

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C&C share price plummets as takeover rejected

British bar owner, Spirit Pub Company has rejected an initial takeover bid — believed to be around €900m — from Irish drinks giant, C&C Group.

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Pay rise for Bank of Ireland staff

Business Editor

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Convention Centre profits jump 300%

Favourable interest rate changes on outstanding debt helped boost profits at Dublin’s Convention Centre by nearly 340% last year.

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Drawing a line under water fiasco

There is a classic syndrome in much organisational strategy which is called “escalation of prior commitment” . This is also known as ‘throwing good money after bad’. Sometimes the thing to do is stop.

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