Elan upbeat after Tysabri drug data
IRISH pharmaceutical firm Elan said new data showed that patients suffering from Multiple Sclerosis who had been taking the firm's Tysabri drug for one year had reported improvements in quality-of-life measures, such as reduced fatigue and improved cognitive function following the infusions. The data was presented at a symposium in Toronto, Canada.
Foreign exchange firm inks NI deal
NORTHERN Ireland-based financial software firm First Derivatives has inked its first deal in Japan. It secured an agreement to sell its Delta RealStream product to AFT, a foreign-exchange broker. The RealStream product was originally part of the stable of defunct technology firm Cognotec, the assets of which First Derivatives acquired last February. First Derivatives CEO Brian Conlon said the Japanese market accounted for about 25pc of the global FX market.
Goldman Sachs in US sued for fraud
REGULATORS in the US have sued the investment bank Goldman Sachs for fraud. The Securities and Exchange Commission (SEC) accused Goldman of misstating and omitting key facts about collateralised debt obligations (CDO) -- a financial product tied to subprime mortgages -- as the US housing market started to fail. Goldman allegedly did not inform investors that CDO portfolios were being chosen by an investor who was betting the CDO market would collapse. Goldman's share price fell 11pc to $163.28 (€120) on the news.
Online ad rebound lifts Google profits
GOOGLE yesterday posted first-quarter profits of just under $2bn (€1.48bn) or $6.06 (€4.48) a share -- up nearly 40pc on the same period last year. The increase was on the back of a perceived rebound in the online ad industry. Patrick Pichette, Google's chief financial officer, said that an improving economy and a return of large advertisers helped the firm to a "very positive" start to 2010.
Carat is unit of Aegis Group
In an article in Thursday's paper, we stated that Carat was an Irish owned advertising agency. We are happy to clarify that Carat is in fact a wholly owned subsidiary of multi-national plc Ageis Group.