Black Rock lighthouse and the island it stands on were not included in a navigational database used by helicopter R116 and there is no assurance that a similar accident could not happen again.

The Dow Jones industrial average missed the 20,000 mark by a fraction of a point on Friday as US stock indexes rose after the government said wages jumped in December, but two other major indexes set records.

Easter Monday 2016. Somewhere in County Meath. The traffic all the way up to Fairyhouse is brutal. It’s not surprising really.

US president Barack Obama has ordered the federal government to cut its emissions of greenhouse gases by 40%, as he seeks to spur other nations to get serious about climate change.

One of the country’s unemployment blackspots suffered another blow yesterday with news that a multinational engineering firm is to shed 74 jobs, some of which may come about by compulsory redundancy.

An engineering firm has announced 74 job cuts in the south east.

The company which manufactured the engine of the airplane involved in the fatal air crash at Cork Airport almost two years ago is being sued by a number of survivors and relatives of the victims.

Stocks edged higher today on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation announcement of Italy's Prime Minister.

WITH the eurozone close to the cliff’s edge, elected politicians are giving way to the technocrats, or else being forced to kowtow to them.

The prospect of an Italian government led by leading economist Mario Monti helped calm market jitters today.

Market pressure on Italy eased slightly today after the president vowed to accelerate reforms to make way for Premier Silvio Berlusconi’s resignation as early as this weekend and a bond sale went better than expected.

A TIPPERARY technology company is set to expand its workforce after signing a lucrative deal to provide technology designed and manufactured by one of the world’s leading providers of vision systems.

CORK business Leading Edge Group has won a significant contract to provide training services to healthcare professionals in Canada.

Richard Egan, who rose from street child to the US ambassador to Ireland after making millions of dollars founding data storage giant EMC Corp, died after a battle with lung cancer.

VOLUNTARY redundancy terms have been agreed for workers at US multinational, Honeywell Transportation in Waterford.

WATERFORD is losing out on almost €1.4 million in salaries monthly because of a planning delay in relation to a proposed construction project in the city.

A chemical firm has invented a fertiliser that will be useless for bomb makers.

WATERFORD company Honeywell Transportation Ireland has confirmed it is to cut its workforce by up to 100 by the end of the year.

Stocks finished mixed in another volatile session today after a spike in wholesale prices touched off inflation concerns and partially overshadowed a strong increase in retail sales last month.

A cocktail of bad news from major US firms and renewed credit fears was behind the Friday sell-off on Wall Street which sent tremors through global markets today.

Stocks pulled back sharply and bonds jumped today as lacklustre profit reports and unease about the credit markets touched off fresh concerns about the ability of the economy to continue to push ahead.

Wall Street resumed its fourth-quarter rally today, pushing the Dow Jones industrials to its first close above 12,400 after a series of strong company earnings and a drop in unemployment claims revived investors’ confidence in the economy.

AN east Cork school produced another generation of young entrepreneurs yesterday.

The uncertain run by the FTSE 100 Index continued today when early gains of more than 35 points were wiped out following a weak start in New York.

The FTSE 100 Index languished around its opening mark today as a lack of corporate data left it without much direction.

The FTSE 100 Index travelled in positive territory today as investors in drugs stocks took heart from a US rival triumphing in a patent dispute.

US stocks closed mixed today as sagging energy prices and a strong advance by Honeywell International Inc. sent the Dow Jones industrials higher, but downgrades of Apple Computer Inc. dragged the tech-heavy Nasdaq composite lower.

THREE Irish science teachers got a taste of what it’s like to walk on the moon when they spent a week at an astronaut-training centre in the United States.

Investors pushed stocks substantially higher today as Wall Street greeted the Oracle-PeopleSoft merger and a climb in retail sales as signs of continued economic improvement.

A late rally in New York today helped the London market shrug off the weakness that hit its performance last week.

Non-executive director of drinks giant Diageo Clive Hollick is to step down as chief executive of UK publishing-to-market research group United Business Media, the company said today.

More than 90% of the mergers notified to the Competition Authority in 2003 were cleared at the first phase, a survey has revealed.

Bank note printer De La Rue today named a new chief executive to drive forward its restructuring.

An Israeli manufacturer of burglar alarms and other security devices is set to float on the London Stock Exchange, it was announced today.

THE final blow to the troubled Sports Socks operation, which once employed 266 people in Co Kerry, was delivered, yesterday, when the company announced it is to end manufacturing in Ireland.

US manufacturing and technology group Honeywell said it is laying off 82 workers at its car parts manufacturing plant in Waterford city.

IN THE Honeywell estate (aka Moneywell), one of the more salubrious areas of Ennis, No 2 is for sale.

By Niall O'Connor

More than 60 jobs are to go at a factory in Waterford, it emerged today.

Investors took some chances on blue chip stocks, picking up bargains after the Dow Jones industrials 900 point drop over the past two weeks.

UK aviation company BAE Systems is being sued by a US engineering group for cancelling a contract for a new jet, it was reported today.

PRESIDENT George W Bush revamped his economic team yesterday as Treasury Secretary Paul O’Neill and economic adviser Larry Lindsey resigned at the request of the White House amid growing concern about the ailing economy.

THE Irish Index of shares followed the global indices as it fell 64.28 points to 4205.08. Yet again the financials took the brunt of the fall as the financial market slipped 167.92 points lower to 8337.45.

The FTSE 100 Index continued its encouraging run today as a clutch of stocks took the limelight on a busy session for corporate news.