The Irish Times - Businesshttp://www.irishtimes.comArticles from The Irish Times - Businessen-ieCopyright 2008, irishtimes.com.The Irish Times2008-11-20T21:36:33irishtimes.comhttp://www.irishtimes.com/http://www.irishtimes.com/feeds/rss/rss_logo.gifsearch irishtimes.comSearch for articles on irishtimes.comqueryhttp://www.irishtimes.com/search/index.html?rm=listresultsLenihan meets senior bank executiveshttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking24.htmMinister for Finance Brian Lenihan met bank chief executives today amid speculation that the banks will be recapitalised by the Government, but he declined to be drawn on the likely outcome of the talks.TextBusiness2008-11-20T21:36:33218203Dublin market volatile amid banks speculationhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking77.htmSpeculation over the Government’s intentions with regards to the banking sector and the possibility of consolidation led to a volatile day on the Irish market, which closed down by 96.14 points, or 4.0 per cent, at 2,320.08.TextBusiness2008-11-20T17:59:43218256Crude oil falls to lowest level since 2005http://www.irishtimes.com/newspaper/breaking/2008/1120/breaking14.htmBrent oil, the benchmark that prices two-thirds of the world’s crude, fell below $50 a barrel for the first time since May 2005 as global energy demand slumped. TextBusiness2008-11-20T13:44:21218193Dell posts better-than-expected quarterly profithttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking90.htmDell, the world's number two PC maker, posted a better-than expected quarterly profit today, crediting cost cuts and new products, sending its shares up 9 per cent.TextBusiness2008-11-20T21:40:31218269Manufacturing prices rise 2.6% in year to Octoberhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking65.htmPrices for goods leaving Irish-based factory gates increased 2.6 per cent in the year to October, according to data released today by the Central Statistics Office (CSO).TextBusiness2008-11-20T15:43:31218244Prince Alwaleed to boost Citigroup stake to 5%http://www.irishtimes.com/newspaper/breaking/2008/1120/breaking64.htmCitigroup won a vote of confidence from Saudi Prince Alwaleed bin Talal, its largest individual investor, who said today he plans to boost his stake in the US banking giant to 5 per cent from less than 4 per cent.TextBusiness2008-11-20T15:07:36218243Stock markets and oil price fall on economic woeshttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking63.htmWorld stocks were lower this afternoon as US unemployment claims rose to a 16-year high and concerns of the bank giant Citigroup and US car makers persisted.TextBusiness2008-11-20T14:56:34218242Entertainment firm to create 50 jobs in Limerickhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking59.htmDigital entertainment technology provider DTS is to create up to 50 new jobs in Limerick.TextBusiness2008-11-20T14:32:08218238SNB cuts interest rates by 100 basis pointshttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking57.htmThe Swiss National Bank made a surprise cut in interest rates today, slashing 100 basis points off its target range for the 3-month Swiss franc LIBOR to 0.50-1.50 per cent, sending the franc tumbling.TextBusiness2008-11-20T13:55:47218236US weekly jobless claims rise to 16-year highhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking55.htmThe number of US workers filing new claims for jobless benefits rose by a larger than expected 27,000 last week to their highest level in 16 years, Labor Department data showed today, as a harsh economic environment forces employers to cut back on hiring.TextBusiness2008-11-20T13:38:08218234AstraZeneca to cut jobs and close three plantshttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking41.htmAnglo-Swedish drugmaker AstraZeneca plans 1,400 job cuts and is closing three plants around Europe as it joins others in the sector tackling increased competition and cost pressures.TextBusiness2008-11-20T12:20:21218220Air France-KLM core profit falls by 44%http://www.irishtimes.com/newspaper/breaking/2008/1120/breaking39.htmEurope's largest airline Air France-KLM posted a 44 per cent drop in operating profit in the second quarter and cut its full-year forecast while boosting cost savings to prepare for hard economic times.TextBusiness2008-11-20T12:03:55218218Openhydro takes stake in Alderney Renewablehttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking38.htmOpenhydro, the tidal-energy company backed by One51 and Emera, has taken a 20-per cent equity stake in the Channel Islands-based Alderney Renewable Energy.TextBusiness2008-11-20T11:51:55218217Digicel invests €359m in Honduras mobile networkhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking31.htmDigicel, the Caribbean mobile firm controlled by businessman Denis O'Brien, is to invest €359 million ($450m) to build a modern GSM network in Honduras.TextBusiness2008-11-20T10:27:34218210IMF-led Iceland package to total $10.2bnhttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking26.htmThe International Monetary Fund-led loan package to crisis-hit Iceland totals $10.2 billion, a Finnish government official said today.TextBusiness2008-11-20T09:49:07218205Elan appoints Paya as new presidenthttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking20.htmIrish pharmaceutical firm Elan has appointed former vice president of Lilly Research Laboratories Carlos Paya as its new president.TextBusiness2008-11-20T08:26:16218199Rolls-royce to shed up to 2,000 jobshttp://www.irishtimes.com/newspaper/breaking/2008/1120/breaking17.htmRolls-Royce plans to cut up to 2,000 jobs worldwide, including 140 in the UK, after reviewing the impact of the current economic “uncertainties”, the aerospace giant announced today.TextBusiness2008-11-20T07:57:56218196