North America

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Michael Kors Holdings Ltd rose 18 per cent to $90.39 around noon in New York. Photograph: Mark Elias/Bloomberg

Michael Kors became a billionaire yesterday as shares of the luxury-goods company that bears his name surged the most in almost two years after postin(...)

Ford  reported a wider-than-expected loss of $126 million for South America, compared with a year-earlier profit. Its $571 million loss in Europe, though smaller than the previous year, was still wider than analysts had expected. Photograph: Bloomberg

Ford has reported higher-than-expected quarterly results as earnings in its core North American market fell less steeply than Wall Street expected, bu(...)

Seán Dunne’s bankruptcy trustee, lawyer Richard Coan, has asked the Connecticut court to approve a loan of $40,000 per quarter for four consecutive quarters borrowed from the two Irish creditors to be used for the payment of the administrative expenses incurred in the Co Carlow developer’s bankruptcy.

The official managing the bankruptcy of Seán Dunne has asked a US court for permission to borrow $160,000 (€118,000) from the National Asset Managemen(...)

Jimmy Martin (left), chief executive of AMCS Group, with  Tony Zappala, partner with  Highland Capital Partners Europe,  John Dolan, partner at Investee Ventures and Austin Ryan, business development director AMCS Group. Photograph: Brenda Fitzsimons / The Irish Times

AMCS Group, a Limerick-based environmental software developer, has closed a €23.5 million financing round led by Highland Capital Partners Europe (HCP(...)

AMCS, a  fast-growing Limerick-based waste software firm, was founded by Jimmy Martin and Austin Ryan in 2003.

AMCS, the fast-growing Limerick-based waste software firm, is close to completing a new private equity fundraising of up to €10 million. The company, (...)

Pope Francis baptises one of 32 babies during a mass in the Sistine Chapel at the Vatican today. The pope today elevated to the rank of cardinal 19 prelates from 12 different nations including ten from outside Europe. Photograph: Osservatore Romano/Handout via Reuters

Pope Francis continued with his non-European “imprint” on the Catholic Church when he named his first batch of cardinals today, with ten of the 16 (...)

Fáilte Ireland says advance bookings are already ahead of a year ago and seven out of 10 hotels are anticipating further growth.  Photograph: Bryan O’Brien/Irish Times

Confidence in the tourism sector is the highest it has been since the recession, according to Fáilte Ireland. Outlining its end of year report, the to(...)

Canada has reported the first case in North America of a form of bird flu that has killed hundreds of people over the past decade. The person had trav(...)

A view of the War Memorial in Indianapolis, Indiana. According to news reports, Indianapolis received about 30 centimeters of snow and the morning temperature was -9 degrees Celsius. Photograph: Steve C Mitchell/EPA

A deadly blast of arctic air shattered decades-old temperature records as it enveloped the eastern United States today, canceling thousands of flight(...)

 Men’s Wearhouse  store on 6th Avenue in New York.  Men’s Wearhouse shares rose nearly 3 per cent. Photographer: Craig Warga/Bloomberg

Men’s Wearhouse mounted a hostile $1.61 billion bid for Jos. A. Bank Clothiers in an attempt to break the resistance of its smaller rival and pacify i(...)

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