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• Iceland: Meager Returns on Fervent Prosecutions

  

  In a country that has gone after financiers with far more vigor than others hit by the financial crisis, obtaining convictions has proved devilishly difficult.

• Google to Pay $60 Million Euros into French Media Fund

  

  Google is to pay 60 million euros into a special fund to help French media develop their presence on the Internet.

• UPDATE 1-Google to pay 60 mln euros into French media fund

  PARIS, Feb 1- Google is to pay 60 million euros into a special fund to help French media develop their presence on the Internet under a top-level deal signed on Friday, but will not pay them for posting links to their content.

• Ingersoll-Rand 4Q adj. profit tops Street's view

  NEW YORK-- Ingersoll-Rand's net income dropped 3 percent in the fourth quarter, hurt in part by a larger provision for income taxes. That compares with $242.2 million, or 76 cents per share, in the final period of 2011.. Shares of Ingersoll-Rand gained 35 cents to $51.74 in morning trading.

• Irish house prices halved since boom, Spain tumbles too

  *Property crashes in Spain, Ireland intensified crisis. A bursting of the property bubbles in Ireland, Spain and, to a lesser extent, Portugal not only erased years of economic growth but left banks with trillions of euros of bad loans and has pushed up unemployment to record levels.

• ANALYSIS-Small island, big problem: how Cyprus troubles the euro zone

  BRUSSELS, Jan 31- Just when European leaders thought they were getting to grips with three years of economic turmoil, along came Cyprus, a seemingly small problem but one that cannot be ignored.

• ANALYSIS-Pall of bank "legacy assets" hangs over euro zone

  *Issue could put Ireland, Spain, others under renewed pressure. BRUSSELS, Jan 30- In September last year, at a below-the-radar meeting in Helsinki, three euro zone finance ministers came up with a two-word phrase that sounded harmless at the time but has since troubled European leaders a great deal.

• UPDATE 2-Central bank warns of threats to Irish recovery

  DUBLIN, Jan 29- Ireland's central bank warned on Tuesday that mortgage arrears and tough export markets had the potential to throw the country's recovery off track.

• Use of tax havens by U.S. global companies on the rise-report

  WASHINGTON, Jan 29- U.S.-based global companies are increasingly shifting profits into tax havens like Bermuda and Switzerland, a government report said, a finding likely to fuel debate over the taxes corporations pay and their flexibility in locating profits.

• INSIGHT-Irish banks at mercy of international paymasters

  LONDON/ DUBLIN Jan 28- Ireland's banking recovery could yet be derailed by its international creditors.

• Irish Banking Debt 'Global Responsibility': Former PM

  

  Ireland's shortcomings in underwriting its troubled banks is now a global responsibility that should be addressed, the country's former Prime Minister John Bruton told CNBC on Monday.

• Ireland's Bruton: Confident Bank Deal With ECB Will Happen  

  

  John Bruton, former Irish Prime Minister, tells CNBC that issue of the promissory notes is a legal problem not a political problem, and politically everyone wants to find a solution.

• UPDATE 1-Bank of America begins moving $50 bln of derivatives to UK - FT

  LONDON, Jan 27- Bank of America has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation.

• EXCLUSIVE-ECB rejects Irish bid on promissory note-sources

  Jan 26- The European Central Bank has rejected Ireland's preferred solution to a dispute over the cost of servicing money borrowed to rescue a failed bank, EU sources familiar with the talks said on Saturday.

• UPDATE 3-Bain Capital-backed Bright Horizons shares surge in debut

  *Bain Capital had taken company private for $1.3 bln in 2008. Jan 25- Shares of Bain Capital-backed Bright Horizons Family Solutions Inc rose as much as 32 percent in their market debut on the New York Stock Exchange as investors focused on the largest U.S. child-care provider's leadership in a growing niche market.

• INVESTMENT FOCUS-Market ebullience due a reality check

  LONDON, Jan 18- Only four weeks into the new year, ebullient world stock markets have clocked up gains of more than four percent, so already there are murmurs about whether it's too much, too soon. MSCI's benchmark world index has never put in annual gains of more than 32 percent over the past 25 years.

• Covidien fiscal 1Q profit slips, tops expectations

  Covidien PLC's fiscal first quarter earnings slipped as a rise in expenses and a tax hike countered gains from medical device sales, but the performance topped Wall Street expectations. Revenue from its pharmaceutical division, which Covidien is in the process of spinning off, came in largely flat at $489 million.

• Britain's EU future elbows out euro woes at Davos

  At the last World Economic Forum in Davos there were frantic secret meetings on saving the euro and private straw polls on whether the euro zone would break up and how soon Greece would be forced out. "I recall last year in 2012, Davos was full of uncertainty about the euro zone," European Economic and Monetary Affairs Commissioner Olli Rehn said in an interview.

• France seeking back tax from big Web firms -minister

  PARIS, Jan 24- France, which is studying ways of curbing legal tax avoidance by big Internet firms, has decided to go after all of them to seek payment of back taxes, Industry Minister Arnaud Montebourg said on Thursday.

• INTERVIEW-EU's Rehn says not sure euro overvalued now

  DAVOS, Switzerland, Jan 24- The euro is probably not overvalued now but the European Union is keen to avoid a currency war in which its exchange rate could suffer and set back Europe's economic recovery, the EU's top monetary official said on Thursday.