Complaint on Elan 'can't be amended'
Published 12/08/2011 | 05:00
A US judge has told lawyers representing two attempted class-action suits against Irish drug firm Elan they cannot amend a complaint dismissed by the court in June. The plaintiffs in the case had claimed against Elan, alleging the firm and chief executive Kelly Martin had misled investors via statements on its Tysabri multiple sclerosis drug and Bapineuzumab, which the company was developing to treat Alzheimer's disease. Elan welcomed the decision.
Survey says females make best bosses
NEARLY three-quarters of Irish workers prefer female bosses, according to new research. Employment law consultancy Peninsula Ireland has found 72pc of Irish workers prefer to work for a female boss. Two-thirds of respondents said they felt more comfortable approaching a female boss with a personal problem and 62pc of employees felt more motivated and productive in a female-managed workplace.
Bruton to cut costs of red tape for firms
ENTERPRISE Minister Richard Bruton has announced plans to cut the costs of red tape for small businesses. The number of businesses that do not have to hire external auditors is to be increased to the maximum level permitted under EU law. Thresholds for independent external auditors to examine accounts are to be increased by just over 20pc to €4.4m and €8.8m respectively.
Concern as jobless rate up in Australia
AUSTRALIA'S unemployment rate surged to an eight-month high in July, raising further concerns about a slowdown in its economy. The unemployment rate was 5.1pc in July. There are concerns high borrowing costs and weak consumer spending, coupled with floods earlier in the year, have hurt the economy.
Hackers shut down Hong Kong trading
TRADING in seven stocks listed on the Hong Kong stock exchange was suspended on Wednesday after a hacking attack. The attack was on a website used to tell traders of company announcements.