A unit of US equity fund Fortress has bought out the €1bn Shannon LNG terminal project located down the shore from the Tarbert ferry in Co Kerry.

Two US private equity funds have quit talks to buy a mountain of bad loans from ailing Italian lender Monte dei Paschi di Siena, dealing a blow to plans to secure a state bailout for the bank.

Nama has denied that some potential investors were discouraged from participating in the controversial £1.3bn (€1.6bn) sale of its Northern Ireland loan book, known as Project Eagle, writes Daniel McConnell of the Irish Examiner.

Finance Minister Michael Noonan and the National Asset Management Agency have strongly endorsed the auction process behind the sale of the so-called Project Eagle loans.

2010:

Former EMI chief executive Jim Fifield today kept alive speculation that he might gatecrash an agreed £2.4bn (€1.8bn) takeover of the music giant.

EMI’s takeover by private equity firm Terra Firma survived a scare today after reports said a rival buy-out group planned to gatecrash the deal.

Warner Music was today reported to be lining up its latest bid attempt in the battle for troubled rival EMI.

Everton boss David Moyes may have nearly £30m (€44.2m) to spend in the January transfer window, according to chairman Bill Kenwright.

EasyJet entrepreneur Stelios Haji-Ioannou was today set for a £26.6m (€39m) windfall from the sale of the shipping business he founded in 1992.