The largest office building in Cork’s Airport Business Park has been sold to an investor, for just over €5.5 million – and, it is likely to be offered to the rapidly expanding international communications company Newsweaver, whose global HQ is already at the Airport Park.

FeedHenry, the Waterford-based mobile software company that was recently acquired in a multi-million euro deal, made a loss of more than €1m last year.

A Waterford-based mobile software company was yesterday bought by US open source software giant Red Hat in a deal worth €63.5m.

A SCANDINAVIAN investor is the buyer of a significant office investment in Cork, paying about €15m for buildings at Cork Airport Business Park.

INTERNATIONAL buyers are expected for a clean, and significantly-sized office investment, which includes major employer Amazon, at the Cork Airport Business Park.

A major office complex at Cork Airport Business Park, which is a key local employer, and with global retail giant Amazon among its top tenants, is for sale.

A REUTERS examination of accounts for hundreds of subsidiaries of the biggest US technology companies shows most do not declare a tax residence for their main business in the biggest European markets.

LOGITECH is the latest new arrival into the 750,000 sq ft Cork Airport Business Park, where 55,000 sq ft of deals have been finalised since summer, and where book-selling giant Amazon is committing to further space.

Stocks rose soundly today following word that some of the problems dogging big companies like General Motors Corp. and Bear Stearns Cos. could be on the mend.

Stocks slid today when waning enthusiasm among investors ahead of the holiday weekend overshadowed data showing higher consumer spending and a jump in sales of big-ticket goods in November. A weak bond market also weighed on stocks.

US investors filled with holiday cheer sent Wall Street’s major indexes to new highs today, extending the stock market’s winning steak despite a plummeting dollar and signs of weaker consumer spending.

Investors overcame their concerns about inflation and mounting trade deficits to push stocks moderately higher today, but the major indexes ended the week mixed as nervousness mounted over the Federal Reserve’s pending decision on interest rates.

The Dow Jones industrials and the Standard & Poor’s 500 index notched a fourth straight week of advances after a day of mixed trading today, when optimistic investors started to wonder whether stock prices were getting a bit high.

IBM is to enlarge the range of IBM computers and software products that run on the Linux operating software distributed by Red Hat, it was reported today.