The aviation regulator has questioned whether it makes sense for State airport company DAA to pay an annual dividend worth tens of millions to Government coffers. DAA paid a dividend of €40m into the Exchequer last year – making it the second biggest semi-State contributor to the Government after Ervia. Any move to lower the […]

(Reuters) – A prospective deal between SoftBank Group Corp’s Vision Fund and UK-based financing group Greensill Capital could be announced as early as Monday, a city source told Reuters. SoftBank Vision Fund is investing $800 million in Greensill, which provides supply chain funding to companies, Bloomberg reported on Sunday, citing a person familiar with the […]

(Reuters) – Insys Therapeutics Inc said on Friday that a cash crunch resulting from legal costs related to a U.S. Justice Department probe into sales practices for the company’s powerful opioid medication and other litigation may lead the company to file for bankruptcy and prevent it from completing its settlement deal with the Justice Department. […]

(Reuters) – Huawei Technologies Co Ltd lawyer James Cole’s prior work at the U.S. Department of Justice created conflicts of interest that should disqualify him from defending the Chinese company in a case of alleged bank fraud and sanctions violations, U.S. prosecutors said in a filing on Friday. Last week, the prosecutors filed a motion […]

NEW YORK (Reuters) – Bodum Holding AG sued Starbucks Corp on Friday for alleged product disparagement in connection with the coffee company’s recent recall of 230,000 co-branded French presses made from recycled materials. In a complaint filed in federal court in Manhattan, Bodum said Starbucks had no basis to “unilaterally” conduct the May 1 recall […]

SAN FRANCISCO (Reuters) – Lyft Inc’s stock slumped to a record low on Friday as Uber Technologies, another company hemorrhaging billions of dollars, fell in its Wall Street debut. Uber fell 8% from the $45 price set in its IPO late on Thursday, which valued the company at roughly $82 billion, just above the $76 […]

(Reuters) – U.S. stocks were off session lows on Friday, but the benchmark S&P 500 remained on track for its worst weekly loss since December, as investors fretted over a potential long-drawn U.S.-China trade war. Treasury Secretary Steven Mnuchin called the two-day talks that ended in Washington “constructive”, lifting sentiment that was earlier weighed down […]

STOCKBROKER Campbell O’Connor has been fined €280,000 by the Central Bank for breaching money laundering and terrorist financing rules. There were five breaches of the rules, with an original fine of €400,000 reduced to €280,000 because the firm agreed a settlement. The company has already said it plans to close down in June, citing “the […]

Tata Steel says it is business as usual for its Port Talbot steelworks but “all options” are on the table for its European business after a key merger plan was abandoned. The Indian company and Germany’s Thyssenkrupp had wanted to create the second-largest steelmaker in Europe through a 50-50 partnership – a deal that unions […]

(Reuters) – U.S. stock index futures were muted on Friday, as expectations of a deal during the current round of U.S.-China trade talks blunted the impact from additional tariffs on Chinese goods coming into force. The United States increased duties to 25% on $200 billion worth of Chinese goods and President Donald Trump said he […]