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Ireland

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  • Irish lawmakers open probe into banking crisis Wednesday, 17 Dec 2014 | 6:29 AM ET

    DUBLIN— Irish lawmakers opened a fact-finding investigation Wednesday into the causes of Ireland's banking crisis, when a collapsing property market exposed reckless lending and forced the country to take an emergency international bailout. "We will hear from those who were at the helm when Ireland ran aground, as well as from those who were in the engine room,"...

  • Brazil orders fugitive Irish lawyer extradited Tuesday, 16 Dec 2014 | 1:59 PM ET

    DUBLIN— Brazil's Supreme Court has approved an Irish extradition warrant for a fugitive lawyer wanted on charges of committing massive loan fraud. Michael Lynn fled Ireland in 2007 as police unearthed evidence that the lawyer used individual properties to collect multiple mortgage loans. Lynn has become a symbol in Ireland for the reckless excess of the...

  • Judge halts Alzheimer's drug swap until July Monday, 15 Dec 2014 | 5:27 PM ET

    District Judge Robert Sweet told Dublin- based Actavis PLC to continue making the drug Namenda available for 30 days after generic alternatives become available on July 11 "in order to allow for an orderly transition." His injunction orders the company to inform doctors and pharmacists of the decision and tells Actavis not to impose any hurdles for filling...

  • London hit by air traffic control computer failure Friday, 12 Dec 2014 | 10:40 AM ET

    LONDON— The British government has demanded an investigation after a computer failure Friday at one of Britain's two air traffic control centers caused a major disruption of air traffic into and out of London. The congested airspace over the British capital was closed during the 35- minute shutdown, leading to severe delays and flight cancellations in...

  • DUBLIN, Dec 12- Fergus Reynolds has supported Ireland's governing Fine Gael party for 43 years, but this week he joined tens of thousands of people to march against them and pledged never to vote for Prime Minister Enda Kenny again. This is what much of the fastest-growing economy in Europe looks like at the end of 2014 as post-austerity Ireland serves a timely...

  • Dec 12- Technology company Max Sound Corp said it filed a lawsuit against Google Inc and YouTube in Germany earlier this month, alleging infringement of a video-streaming patent. Max Sound's allegations include current versions of Google operating system, Android, installed on mobile phones and tablets. The lawsuit was filed with the District Court of...

  • Irish plane leasing firm Avolon's IPO priced at $20/shr Thursday, 11 Dec 2014 | 6:19 PM ET

    Dec 11- The initial public offering of Ireland's Avolon Holdings $20 per share, an underwriter said, valuing at $1.6 billion the world's ninth-largest aircraft leasing firm by assets. Selling stockholders, including private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners and the Singapore government, are selling all the shares,...

  • Schneiderman: Judge halts Alzheimer's drug swap Thursday, 11 Dec 2014 | 6:15 PM ET

    ALBANY, N.Y.— New York's attorney general says a federal judge has ordered a manufacturer to halt plans to immediately discontinue its widely used Alzheimer's drug, allegedly in an effort to drive patients to its newer patented drug. Attorney General Eric Schneiderman alleges anti-trust and state law violations by Dublin- based Actavis PLC and New York...

  • Ireland's economic growth slows to 3.5 percent Thursday, 11 Dec 2014 | 8:01 AM ET

    DUBLIN— Ireland's economic growth is slowing but the country remains on course to record the European Union's biggest gains in 2014, official figures showed Thursday. The Central Statistics Office said Ireland's annual growth in gross domestic product slowed to 3.5 percent in the third quarter. Ireland has rebounded strongly following its exit from a...

  • Thousands crowd Dublin to denounce Irish water tax Wednesday, 10 Dec 2014 | 2:07 PM ET

    DUBLIN— Tens of thousands of protesters brought Dublin to a standstill Wednesday in a mass protest against Ireland's planned new tax on household water supplies, the last major measure in the country's six-year austerity drive. Elsewhere, near the cordoned-off entrance to Ireland's parliament building, protesters chanting "Whose streets?

  • UK pub chain, Heineken clash over beer cost Tuesday, 9 Dec 2014 | 9:07 AM ET

    The episode underscores anti-competitive practices in Ireland, where entrenched publicans and the country's dominant brewers, Heineken and Diageo, are hoping to prevent Wetherspoon's from gaining a significant presence that could force competitors to cut the average retail price of a pint nearly in half. Wetherspoon's said Tuesday it has stopped...

  • S&P says Ireland rebounding, raises credit rating Friday, 5 Dec 2014 | 12:59 PM ET

    DUBLIN— Standard& Poor's raised Ireland's credit grade one notch to A and declared Friday that the country is rebounding with surprising strength from its 2010 international bailout. That effort ultimately failed, overwhelming Ireland's ability to borrow on bond markets and forcing it to seek a three-year emergency loan package from European Union and...

  • Dec 4- The top U.S. patent appeals court has thrown out a $176 million award for healthcare company Covidien Plc in a dispute with a Johnson& Johnson subsidiary over surgical instruments. Judge Sharon Prost of the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., ruled on Thursday that Covidien's patent claims, which involve surgical cutting tools...

  • LONDON, Dec 2- Britain will allow Northern Ireland to set its own level of corporation tax in a move which could help Prime Minister David Cameron to hold on to power after May's national election, the Financial Times reported on Tuesday. Northern Ireland shares mainland Britain's 21 percent corporate tax rate, much higher than a 12.5 percent rate across the...

  • DUBLIN, Dec 1- Ireland's Avolon Holdings launched an initial public offering valuing it at up to $1.86 billion on Monday, as a Chinese suitor confirmed it had dropped its bid for the world's ninth largest aircraft leasing firm. Avolon filed for a New York listing in June, only to be approached by China Investment Corp and Chinese state aerospace firm AVIC Capital.

  • DUBLIN, Dec 1- Aircraft leasing company Avolon Holdings set out plans on Monday to list shares on the New York Stock Exchange and raise $286 million to $314 million for shareholders, the Dublin- based firm said on Monday. Avolon, backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth...

  • *Brent Crude set for 16 pct drop in November. LONDON, Nov 28- Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from...

  • BP shed 3.5 percent, Total sank 4.1 percent, Seadrill lost 4.6 percent and Saipem slipped 4.1 percent. A number of oil services firms including Seadrill have been forced to scrap their dividends as the sector struggles with the drop in crude prices, which is prompting oil majors to accelerate cost cutting efforts. "At $72 a barrel, we're well below the pain...

  • WASHINGTON, Nov 26- Medtronic Inc has won U.S. antitrust approval to buy Dublin- based Covidien Plc on condition that it sell its drug-coated balloon catheter business, the Federal Trade Commission said on Wednesday. Medtronic and Covidien shareholders will vote on the merger on Jan. 6. Medtronic is the world's largest stand-alone medical device maker, with a...

  • Valeant slashes stake in Allergan after losing bid Thursday, 20 Nov 2014 | 7:14 PM ET

    Nov 20- Valeant Pharmaceuticals International Inc said it cut its stake in Allergan Inc to 0.1 percent from 9.7 percent, three days after Actavis Plc trumped its offer for the Botox maker. Pershing Square Capital Management informed Valeant that PS Fund 1 sold all of its 2.2 million shares in Allergan allocated to Valeant USA, Valeant said in a regulatory filing.