Cruise visitors spend €35m-€55m in city
SOME 88 cruise liners carrying almost 130,000 passengers and crew arrived in Dublin this year, generating a major economic boost of between €35 and €55m, according to Dublin Port's 2010 Cruise Sector Review. This season brings the total number of high-spending cruise passengers to almost 600,000 since 2000, apparently benefiting Dublin city to the tune of almost €400m during that time.
'Newsweek' set for Beast of a merger
THE venerable 'Newsweek' magazine and upstart website, The Daily Beast, are to merge their operations in a joint venture to be owned by both companies. The new entity will be called The Newsweek Daily Beast Company. The deal comes after an earlier attempt to merge the two entities failed.
iPad apps threaten newspaper sales
SALES of newspaper apps for devices like the Apple iPad are cannibalising sales of physical newspapers, James Murdoch, head of News Corp's operations in Europe and Asia, said yesterday. Mr Murdoch said apps for mobile devices, with which readers typically engage far more than they do with computer websites, were more dangerous to print sales. "People interact with it much more, like they do with the traditional product," he said.
Rolls-Royce finds faulty engine part
Manufacturing giant Rolls-Royce yesterday said it had identified the faulty part behind the engine failure that forced an A380 superjumbo into an emergency landing and was making efforts to fix the problem. Rolls said the failure was confined to a specific component in the turbine of the Trent 900 engine.
Hornby's half-year profits fall by 29pc
HALF-YEAR profits at model train-maker Hornby have fallen by 29pc after a problem with its suppliers meant it was unable to meet demand for products. Pre-tax profits were £528,000 (€622,607) in the six months to September 30, down from £743,000 last year. Hornby said suppliers had been unable to source enough parts, which lowered its own stock levels.