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The deal is believed to mark Balbec’s initial foray into  Irish non-performing loans. Photograph: iStock

Balbec Capital, an Arizona-based distressed debt investment firm, has emerged as the winning bidder for a portfolio of deep-in-arrears Irish mortgages(...)

Aercap will pay $24 million cash, $1 billion loan notes or cash and issue 111.5 million new shares to GE Capital Aviation Services. Photograph: iStock

Irish aircraft lessor Aercap is poised to create the biggest business in its industry by the end of this year after agreeing to buy rival GE Capital A(...)

The pay package of General Electric chief executive Larry Culp was rewritten to reduce the risk that he would miss out on a windfall. Photograph: David Cerny/Reuters

Unions have blasted a $47 million (€38.3 million) bonus secured by General Electric chief executive Larry Culp this month, after his pay package was r(...)

The Savoy Hotel in London – just one of many high-profile international businesses that have become masters at minimising tax. Photograph: iStock

The Savoy Hotel has been welcoming its well-heeled and connected clientele for 131 years. But for all the Art Deco design and the sublime personal ser(...)

John Slattery. Photograph: Peter Houlihan

Irish man John Slattery will replace David Joyce as the chief executive of General Electric’s aviation unit, its key aircraft engines division, as the(...)

Craig McKinney, who has died after a long illness. Photograph: Peter Thursfield

Craig McKinney, the Scottish-born businessman who founded the Woodchester Investments finance group in Ireland, has died at the age of 71. He passed a(...)

Isme chief executive Neil McDonnell: 'Cutting back on roads for rail would make sense, but the truth is we only have a couple of economically viable rail routes'. Photograph: Siobhán Taylor

The Green Party’s preferred policies, outlined in its election manifesto and its list of 17 demands for government formation talks, present opportunit(...)

About 75 per cent of the world’s passenger craft are grounded with only limited take-off likely in coming months. Photograph: Reuters/Benoit Tessier

Michael Gill, environmental executive with the International Air Transport Association, told the BBC on Wednesday that the industry body believes avia(...)

Czech energy firm EPH’s planned purchase of a 80 per cent stake in the Tynagh Energy gas power plant in Galway has been given the go-ahead from competition officials.

Czech energy company EPH’s planned purchase of a 80 per cent stake in the Tynagh Energy gas power plant in Galway has been given the go-ahead from com(...)

Photograph: Mike Blake/Reuters

An accounting fraud “bigger than Enron and WorldCom combined” is hidden inside General Electric, according to the financial investigator who sounded t(...)

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