Monday 23 October 2017

Apple aiming for renewable power

APPLE plans to power its main US data center entirely with renewable energy by the end of this year, taking steps to address longstanding environmental concerns about the rapid expansion of high-consuming computer server farms. The maker of the iPhone and iPad said yesterday it was buying equipment from SunPower and startup Bloom Energy to build two solar array installations in and around Maiden, North Carolina, near its core data center.

Judge rules on Readymix's future

TAKEOVER

CONCRETE supplier Readymix is to become a wholly owned indirect subsidiary of Cemex Espana SC, a company within the Spanish-established Cemex Group, following a ruling by the Commercial Court. Judge Peter Kelly approved a scheme of arrangement yesterday after rejecting objections to it from two of Readymix's smaller shareholders, Tom Goode and Seamus Maye. He also confirmed a reduction of the company's share capital.

Clarification on Oliver Wyman

IN an article published in the Irish Independent on May 15, reference was made to the hiring of Oliver Wyman financial consultants by Permanent TSB. It has been pointed out to us that Oliver Wyman was commissioned to advise on just one aspect of the bank's operations -- the Collections functions. Further Oliver Wyman is not involved in the process of Permanent TSB recruiting for a new executive committee, the competition for which will be open to internal and external candidates. We are happy to clarify these matters.

Irish Cement staff agree to proposals

dispute

Irish Cement workers voted yesterday to accept proposals agreed between the company and worker representatives, which provide for an equitable end to the dispute at Irish Cement Ltd production plants. "The workers have voted by a large majority to accept the proposals," said SIPTU official Christy McQuillan. "The implementation of these proposals will result in the workers being paid the monies which the company owes them. The workers will return to work on Monday."

Irish Independent

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