Business World

Thursday 25 May 2017

Economist O'Leary leaves Finance role

ADVISER

Economist Jim O'Leary, who was working as a senior adviser to the Department of Finance, is set to leave his post for personal reasons. Mr O'Leary is expected to continue working for the department on a freelance basis. A statement said Mr O'Leary was in the position for 15 months and left the department on good terms. The economist had worked as a lecturer at NUI Maynooth and also served as a non-executive director of AIB from 2002 to 2008.

Bitbuzz boosts its profile in new deal

TECHNOLOGY

WIFI company Bitbuzz has agreed a partnership deal with an Irish-based firm to boost its retail and mobile broadband offerings. Bitbuzz, which provides wireless internet "hotspots" in hotels, bars and restaurants across the country, agreed a deal with QuestZones to resell the Bitbuzz service to its customers. The deal will take the number of hotspots run by Bitbuzz in Ireland and the UK past 320.

BP sues Halliburton for oil-spill damages

OIL

BRITISH oil giant BP is pushing US energy services firm Halliburton to pay for all the costs BP incurred in the 2010 Gulf of Mexico oil spill, the worst environmental disaster in US history. In a US federal court filing, BP said that it was seeking full repayment of damages from Halliburton, alleging it fraudulently put a defective cement seal on a deepwater well, causing a deadly explosion to the Deepwater Horizon rig and pollution of the Gulf.

Research in Motion eyes new chairman

TELECOMS

RESEARCH in Motion (RIM), maker of the BlackBerry smartphone, surged the most in two weeks after a report said the company may name an independent chairman to appease investors. Former Royal Bank of Canada chief operating officer Barbara Stymiest, a RIM director, may be the leading candidate.

Irish Independent

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