Entries tagged "Ireland"
Online media company GoAdv offers $65M for LeGuide.com
Ireland's bankers are bring spat at and threatened with physical violence by customers incensed by the sector's scandals.
Will luck run out for the Irish and send the country's economy into default like Iceland? Some watching the CDS markets think it is a real possibility.
Irish airline Aer Lingus Group plc, under siege from nonunionized rival Ryanair Holdings Ltd., did not immediately respond to the €200 million ($254 million) sweetener Ryanair added to its €748 million bid for the company Friday. Instead it announced the outcome of a ballot of its own, unionized, workers, which came out in favor of efficiencies and reformed working practices. The former state airline believes the costs cuts will save €25 million a year. ...
Maybe it was just a flight of fancy, or a bit of Irish blarney, but Michael O'Leary, the CEO of Irish budget carrier Ryanair Holdings plc, was at his big-thinking best when he told London's Daily Telegraph newspaper he has two main ambitions to fulfill before he bows out of the job. One is to take over London's Stansted Airport from Britain's main airports operator BAA Ltd., the other is to finish the job of buying his Dublin rival, the Irish flag carrier Aer Lingus Group plc, in which he owns a 29.8% stake. In an interview published Friday, he...
Corporate restructuring is all the rage this morning. In an effort to let each of its units grow at their own pace, Tyco International Ltd. announced plans today to split up into three companies. The Bermuda-based company will spin off Tyco Healthcare and Tyco Electronics from itself, in a deal expected to cost the company $1 billion. Tyco has battled back from financial and legal trouble after a management scandal in 2002. Industry analysts now speculate all three units could become takeover targets, once the split is complete in 2007. In other break up news, Federated Department Stores Inc. has...
