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“[Michael] Somers is something of a divisive figure. For many, he is one of the most talented public servants the State ever produced; for others, he was an overpaid plutocrat with a fondness for saying ‘I told you so’.” Photograph: Alan Betson Simplistic debate on IFSC does no one any favours John McManus - Business Editor John McManus Business Editor

Scaremongering about jobs and regulation harked back to Seán FitzPatrick comments

Technology
The Yahoo board has reportedly approved a massive $1.1 billion deal to buy New York-based blogging platform Tumblr. Photograph: Justin Sullivan/Getty Yahoo! considers $1bn offer for Tumblr

New York-based blog platform has contacted larger companies over acquisition

Health Pharma
Elan retains a royalty interest after selling its ownership of Tysabri to partner Biogen Idec for $3.25 billion. Elan urges shareholders to reject Royalty Pharma offer Dominic Coyle - Deputy Business Editor Dominic Coyle Deputy Business Editor

Company says bid fails to properly value business

Retail & Services
NUI Galway: won Association of MBAs recognition for its MBA programme. AMBA is the international authority on postgraduate business education and was established in 1967 Galway get accreditation for MBA course

First school outside Dublin to be recognised by Association of MBAs

Manufacturing
The $500-billion-a-year industry, which is a gauge of the global economy, has been hit hard by falling demand from austerity-ravaged Europe and slowing growth in China. Photograph: Reuters Cost cuts help ArcelorMittal defy profit warning fears

Shares jump 7.5% as core profits exceed forecasts

Media & Marketing
Image Publications recently relaunched Image.ie and hired a full-time editor, repositioning it as the home for original fashion and lifestyle content rather than a straight reproduction of the print magazine. Image Publications ‘optimistic’ on profits Laura Slattery - Journalist Laura Slattery Journalist

Publisher of women’s glossies and in-flight title ‘Cara’ says turnover grew 34% in 2012

Agribusiness & Food
From left: Glanbia chairman Liam Herlihy, group managing director John Moloney, Minister for the Environment Phil Hogan and Glanbia Ingredients Ireland chief executive Jim Bergin at the official breaking of ground yesterday for Glanbia’s Belview plant in Co Kilkenny. Photograph: Dylan Vaughan. Work begins on Glanbia’s new €150m facility in Kilkenny

Food ingredient giant targets export market with new plant

Commercial Property
Professor Conor Gearty: “I was hostile to legalised human rights within the British debate.” photograph: dara mac dónaill Convert to the concept of human rights law now its champion

Conor Geary’s new book warns against the erosion of our fundamental rights

Energy & Resources
A German national flag in front of solar panels in Bad Hersfeld. Photograph: Lisi Niesner/Reuters Germany on collision course with Brussels over solar panel row with China

Imposing anti-dumping duties would be ‘grave mistake’ says Rösler

Transport & Tourism
AP Moller-Maersk, whose Maersk Line vessels make up around 15 per cent of world container shipping capacity, however, said its container shipping unit swung back to a $204 million profit in the quarter from a $599 million loss a year earlier. Photograph: Chris Ratcliffe/Bloomberg News Maersk seeks to double shipping rates in fragile market

Freight giant reports 30% fall in first-quarter profit

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Our Columnists

John McManus John McManus - Business Editor

Simplistic debate on IFSC does no one any favours

Dan O'Brien Dan O'Brien - Economics Editor

Too little credit or too few entrepreneurs?

Laura Slattery Laura Slattery - Journalist

Independence of Sunday titles at risk in seven-day trend

Karlin Lillington Karlin Lillington - Technology Journalist

Chris Hadfield’s use of social media made space seem less alien

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