The maker of Dunlopillo pillows and bedding went into administration today after falling victim to soaring costs and its failure to secure vital funding.

A senior lecturer from Trinity College this afternoon defended the university’s decision to pay students who regularly use ecstasy €30 to take part in trials on the drug.

AMERICAN International Group (AIG) the insurer under fire from regulators for improper accounting, said yesterday that it overstated net income for the past five years by $3.9 billion (€3.1bn), or 10%.

FRESH details about dealings between insurance giants American International Group (AIG) and General Re are expected to emerge later today.

A businessman shot while a police officer stood just 50 metres away was the 10th victim of a sniper who has been stalking the Washington area, police confirmed today.