Wednesday, May 23 2012

Intermittent Clouds Dublin Hi 20 °C | Lo 8°C

Business

Bank of Scotland's €97m action against developer Jerry Beades adjourned new

AN application by Bank of Scotland requiring developer Jerry Beades to pay some €9.7m related to loans advanced for an development of 48 apartments in north Dublin has been adjourned at the High Court.

Inside Business

Siteserv sale to Millington gets OK

THE Competition Authority has approved the sale of Siteserv to the Denis O'Brien-controlled Millington. Siteserv said the proposed disposal was "classified by the Irish Competition Authority as a media merger". "Accordingly, as is the case with all transactions so classified and in compliance with the act, the Minister for Jobs, Enterprise and Innovation may, up to and including May 31, direct the Irish Competition Authority to carry out an investigation under the act in relation to the proposed disposal. Siteserv does not envisage that such an intervention will occur in this case".

Facebook Founder and CEO Mark Zuckerberg rings the NASDAQ Stock Market Opening Bell remotely from 'Facebook' headquarters. Photo: Reuters

Hamish McRae: The cautionary tale of Facebook's public flotation

ANYONE who invested in Facebook will doubtless feel a little less friendly towards it than they did a couple of days ago. And I suppose if you are looking for symbolism, you could say the fact that Facebook shares fell by more than 10 per cent when they started trading was a signal that the social network bubble is about to burst.

National News Video

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Damien Dempsey has something to tell you..

Damien Dempsey has released a video outlining his reasons for voting no in the upcoming referendum. Credit: http://www.youtube.com/user/whitebrowser

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Men 'seen leaving hotel murder room'

An eyewitness saw the two men accused of murdering Michaela McAreavey emerge from her hotel room moments after he heard cries of anguish coming from inside, a court in Mauritius hears.

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Jury sworn in for honeymoon murder

Six men and three women make up the panel that will hear the case against the hotel employees charged with murdering Michaela McAreavey, the daughter of Tyrone Gaelic football boss Mickey Harte.

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