Wednesday 17 January 2018

US talks over cuts to spending

US President Barack Obama will meet with top congressional leaders tomorrow to discuss the deep, automatic US government spending cuts, officials said.

The meeting will be the first between the leaders this year, despite weeks of haggling over how Washington can avoid the cuts known as the "sequester," which the White House has warned will damage US economic growth.

Dail queries lack of bank lending

THE Dail's finance committee has called for a review of protocols in banks' credit review processes, to address what it sees as the banks' failure to provide information on the Credit Review Office to customers who have been refused credit.

"There is no statutory requirement . . . that any information regarding the Credit Review Office and its appeals process is made available by the bank in correspondence with the customer," committee chairman Ciaran Lynch said.

All clear for sale of Gleeson Group

DRINKS group C&C has received clearance from the Irish Competition Authority to proceed with its purchase of the Gleeson Group.

The owner of the Bulmers cider brand last year said it had agreed to pay €12.4m for the supplier and distributor of drinks.

ESB to sell stake in tolling plants

THE ESB said it intends to sell its 50pc shareholding in each of its foreign tolling plants, Marchwood Power in the UK and Bizkaia Energia in Spain. Terms of the deal were not disclosed.

Clarification regarding C&C

AN article in Tuesday's Irish Independent reported that the drinks company C&C no longer had its main listing on the Irish stock market.

This is not the case. C&C has retained its main listing on the Dublin market. We are happy to clarify this matter.

Investors want a bite of Apple

APPLE shareholders re-elected the company's board and approved a non-binding measure on the company's executive compensation policy at its AGM.

Investors had been asked to vote on the board and Apple's pay structure. Chief executive Tim Cook is being urged to return some of the $137.1bn (€104bn) on Apple's balance sheet to investors.

Irish Independent

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