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Ireland

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  • DUBLIN— Ireland intends to sell its 25 percent stake in the Aer Lingus airline to IAG after receiving guarantees that the parent company of British Airways will increase employment and air links with the United States, the government announced Tuesday. It confirmed promises to keep Aer Lingus as a separate brand, to reserve its valuable landing slots at...

  • *IAG presents formal bid for Aer Lingus. DUBLIN, May 26- The Irish government agreed on Tuesday to sell its 25 percent stake in Aer Lingus to IAG, paving the way for the owner of British Airways and Iberia to make a formal bid to buy the Irish carrier. International Consolidated Airlines Group's proposed 1.36 billion euro offer for Aer Lingus was recommended by the...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...

  • *Profit up 66 pct in year to March 31. DUBLIN, May 26- Ryanair forecast a 10 percent rise in profit and passenger numbers in its current financial year as it targets more primary airports and improves its online offering to compete better with rivals such as easyJet and former flag carriers. Ryanair has made huge strides in catching up with rivals since launching...

  • DUBLIN— Europe's leading budget airline Ryanair has beaten forecasts again, reporting full-year net profits of 867 million euros, 66 percent higher than the year before. Ryanair unveiled a target for the fiscal year 2016 of between 940 million euros and 970 million euros. Many analysts said they expected Ryanair to beat that forecast, potentially breaching...

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • DIARY- Top Economic Events to June 4 Friday, 22 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...

  • ALBANY, N.Y.— A federal appeals court has rejected a drug manufacturer's appeal and affirmed a judge's order that Actavis PLC keep distributing its widely used Alzheimer's medication until after its patent expires this summer. He alleged anti-trust and state law violations by Actavis in an effort to push patients to its new patented drug and avoid losses from...

  • NEW YORK, May 22- Actavis Plc cannot pull its top-selling Alzheimer's drug from the market in favor of a pricier extended-release version, a federal appeals court in New York ruled on Friday. The decision at the 2nd U.S. Circuit Court of Appeals is a win for New York State Attorney General Eric Schneiderman, who sued to block the switch, arguing that Actavis was...

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • Ireland decides whether to allow gay marriage in a referendum that could make the country the first in the world to adopt the policy by vote.

  • BUENOS AIRES, May 21- Weatherford Drilling International expects to win contracts in the next two or three months to deploy rigs to Argentina where foreign energy majors are exploring one of the world's largest shale resources, a senior company official said on Thursday. "Over the next five to 10 years, we see only upside in Argentina." Weatherford Drilling...

  • DUBLIN— Ireland's unemployment rate has fallen to 9.8 percent, the first time in six years that joblessness levels can be measured in single digits. Ireland's quarterly economic report published Thursday found that unemployment has declined from 10.1 percent since January. That so-called Celtic Tiger economy collapsed amid worldwide credit troubles in...

  • BRUSSELS, May 20- Firms such as Google and Microsoft will face stiffer fines if they violate Europe's "right to be forgotten" online rules, according to a draft text agreed by European Union ambassadors on Wednesday, diplomatic sources said. EU member states are negotiating an overhaul of the bloc's outdated privacy laws in a bid to make them more harmonised and...

  • DIARY- Top Economic Events to June 1 Tuesday, 19 May 2015 | 8:01 PM ET

    LONDON- Bank of England releases updated policy statement on dormant bank accounts- 0900 GMT. MUNICH- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the National Association for Business Economics International Symposium: "Economic Growth, Monetary Policy, and Structural Reform:...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. It is not the only one to rethink...

  • DUBLIN— A Northern Ireland bakery was found guilty Tuesday of discrimination for refusing to make a cake bearing the slogan "Support Gay Marriage," a verdict welcomed by human rights activists but denounced by Christian conservatives in the British territory. The judge ordered the family-run Ashers Bakery to pay Lee 500 pounds and legal costs, which have run...

  • TRENTON, N.J.— Drugmaker Endo International PLC is climbing toward the top of the steadily consolidating generic medicine business with a deal to buy Par Pharmaceutical Holdings Inc. for about $8.05 billion. In the U.S., that includes the biggest health insurers and two pharmacy benefit managers, Express Scripts Holding Co. and CVS Health Corp. In other...

  • BRUSSELS, May 15- Facebook tramples on European privacy laws by tracking people online without their consent and dodges questions from national regulators, Belgium's privacy watchdog said on Friday. Belgium's Privacy Protection Commission, which is working with German, Dutch, French and Spanish counterparts, launched the blistering attack after trying to...

  • HELSINKI, May 11- Finnish home and garden products company Fiskars said it was buying china and glass maker WWRD for $437 million to put more focus on luxury brands and boost growth in the United States. WWRD, which manufactures under brands such as Wedgwood, Waterford and Royal Doulton, is currently owned by U.S. private equity firm KPS Capital Partners and has...