Round Up. July 2nd 2009
Communications Workers Union backs bid for Eircom
The Communications Workers Union backed a bid for Eircom by Singapore Technologies Telemedia (STT).
BIS calls for more regulation
The Bank for International Settlements (BIS), an organisation representing 55 central banks, said it wants financial products to be regulated like medicines with the safest instruments available to everyone and a tiering system put in place for more complicated products.
BP secure new chief
BP has chosen Carl-Henric Svanberg, the former chief executive of Ericsson, as its new chairman after a lengthy selection process.
BT target Irish market
BT launched its voice trading platform to members of Ireland's financial services community and outlined a solutions portfolio geared at the converged trading technology and sector-specific IT services.
Cleary Doyle sees profits half
Wexford building contractors Cleary Doyle has seen its profits almost half to €11m in the last financial year.
Consumer sentiment reaches new level
Consumer sentiment in Ireland jumped by a surprisingly large amount last month to reach the highest level since April 2008.
IBM creates 100 jobs in Ireland
IBM will create 100 jobs in Dublin, Cork and Galway after announcing a €25m investment in Irish software labs. The expansion will occur over a period of three years, with recruitment for the positions to begin immediately.
Intel's Mobile Ambitions
Intel announced a partnership with mobile technology giants Nokia that could see the chip maker gain a foothold in the mobile communications market.
Irish Continental sees passengers drop
Irish Continental, the country's largest ferry operator, has seen its passenger numbers fall 9.7% in the first 25 weeks of the year.
Medical device company invests in Ireland
Boston Scientific has announced a €91m investment plan for its plant in Galway. The American medical device company is planning to use the Galway base for the research and development of their latest products.
UK wing of Setanta finally collapses
The UK wing of troubled sports broadcaster Setanta finally collapsed as administrator Deloitte shut the business down. 200 jobs across England, Scotland and Wales will be lost following the collapse, with a further 19 lost in Dublin.
Vodafone shares on the rise
Vodafone shares rose this week after reports that the mobile phone giant is interested in acquiring T-Mobile UK, the British unit of Deutsche Telecom. If a buyout did go ahead it would result in the UK's largest operator, with a 40% share of the market.
