CONCERT promoter and music venue owner Mean Fiddler says it has agreed to a takeover offer backed by MCD chief Denis Desmond that values the business at €55 million.

US TV watchdogs have proposed €500,000 in indecency fines against Clear Channel Communications for broadcasts by shock radio host Howard Stern, prompting the nation’s largest radio chain to drop him.

A sharp drop in consumer confidence gave US investors another excuse to sell today, sending most stocks moderately lower in what some analysts are starting to call a market correction.

Wall Street edged lower today as investors sought profits from the previous day’s session, taking a pause between key economic reports while the earnings season winds down.

Reassuring words from Federal Reserve Chairman Alan Greenspan gave the US stock market a lift today but the rally fizzled after an analyst lowered earnings estimates for Cisco, prompting nervous investors to collect profits.