Cisco puts Nolan in top country post
CISCO has appointed Mary Lou Nolan as country manager for Cisco Ireland. Ms Nolan will take over from Kim Majerus on May 1.
In a statement, Cisco said: "Mary Lou has over 15 years' experience within the IT industry." Ms Nolan joined Cisco Ireland 12 months ago and was previously director of sales for Hewlett-Packard Ireland.
French airline adds to summer services
French airline Europe Airpost, which is part of Dublin-headquartered ASL Aviation, will add an additional aircraft to its operations in Ireland for the summer season and operate flights from Cork for the first time. Destinations from Cork will include Lourdes and Heraklion. It also operates out of Dublin and Shannon.
Central Bank issues warning on TPG
THE Central Bank has warned consumers about a firm called TPG Securities (Switzerland), which it said was not authorised as an investment firm in Ireland. The firm has been offering investment services and advice to the Irish public. It is a criminal offence for an investment firm to operate in Ireland unless it has an authorisation from the Central Bank of Ireland.
Citigroup records 32pc drop in profits
US bank Citigroup has reported a 32pc drop in profits in the first quarter of this year. The bank, the third largest in the US, lost less money on bad loans but struggled to grow its business. Citigroup said it earned $3bn (€2.1bn), or 10c per share, down from $4.4bn, or 15c per share, a year earlier. Analysts on average had expected nine cents per share.
Toyota drives ahead with production
TOYOTA resumed car production at all of its plants in Japan yesterday for the first time since the earthquake and tsunami, but said the factories will run at half capacity due to parts shortages. Toyota shut down all output in Japan except at three plants, which have been running at limited capacity since late March and early April to produce best-selling Prius, Lexus and Corolla cars.