Largo in plant transfer
LARGO foods is to transfer all manufacturing operations from Gweedore in Co Donegal to its main plant in Ashbourne, Co Meath.
Under the plan, about 70 of the 110 full-time and 30 part-time employees would be offered the opportunity to transfer to full-time jobs in Ashbourne. Largo Foods chief executive Maurice Hickey said the move was necessary for cost-cutting reasons.
BP GETS US GREEN LIGHT
The US government has lifted a ban that excluded BP from new federal contracts, after the oil giant took legal action saying it was being unfairly penalised for its 2010 Gulf of Mexico spill.
The Environmental Protection Agency and BP said they reached an agreement ending the prohibition on bidding for federal contracts on everything from fuel supply contracts to offshore leases after the company committed to a set of safety, ethical and corporate governance requirements.
$500M OF BITCOIN THEFT
Criminals may already have made off with up to $500m (€360m) worth of bitcoins since the virtual currency launched in 2009.
Internet criminals – security experts say – are attracted to bitcoin because of its stratospheric rise in value; the ease with which it can be stolen; and because it is easier to trade with other criminal elements. But, they add, bitcoin will survive the damage.
RUSSIA'S ELITE TO BE HIT
The CEOs of Russia's two largest firms are on a list of those who may be hit next week with European and US sanctions over the Crimea crisis, a German newspaper has said, suggesting tougher than expected measures against Russia's elite.
Stock markets tumbled and the cost of insuring its debt soared on the last day of trading before pro-Moscow authorities in Crimea hold a vote to join Russia, a move all but certain to lead to US and EU sanctions on Monday.
ATM UPGRADE MISSED
Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for ATMs and face additional costs to Microsoft to keep them secure.
The US software company first warned that it was planning to end support for Windows XP in 2007, but only one-third of the world's 2.2 million ATMs that use the system will have been upgraded to a new platform – such as Windows 7 – by the April deadline, according to ATM maker NCR.