Bloomberg Reporter

Bloomberg Reporter

Carphone Warehouse sells US venture

Carphone Warehouse sells US venture

Consumer electronics retailer Best Buy is to buy Carphone Warehouse's stake in their mobile phone venture in the US and close its British outlets

Government's growth forecast may be too optimistic

Government's growth forecast may be too optimistic

The risks to Ireland’s economic forecast for average gross domestic product growth of 2.8 per cent between 2013 and 2015 “still lie to the downside,” according to Goodbody Stockbrokers.

MF Global's missing client funds said to be at JPMorgan

MF Global's missing client funds said to be at JPMorgan

Customer funds missing from bankrupt brokerage MF Global have been located in a custodial account at JPMorgan Chase & Co., according to two people with knowledge of the matter.

US and EU to pursue bank levies "in their own way"

US and EU to pursue bank levies "in their own way"

The US and Europe will pursue levies on the financial system “in their own way” rather than through a common global tax plan, according to an aide to President Barack Obama.

EU leaders to hold emergency talks on Greece

EU leaders to hold emergency talks on Greece

The European Financial Stability Facility is delaying its €3 billion bond sale “due to market conditions,” a spokesman said.

Lloyds CEO requests leave of absence on medical advice

Lloyds CEO requests leave of absence on medical advice

UPDATE: Lloyds Banking Group chief executive Antonio Horta-Osorio requested a leave of absence on medical advice, according to a person with knowledge of the matter.

MF Global probe to involve hundreds of millions in funds

MF Global probe to involve hundreds of millions in funds

US regulators are investigating whether hundreds of millions of dollars are missing from client accounts at MF Global, according to two people with knowledge of the matter.

Quinn's creditors approve €800m debt write-off

Quinn's creditors approve €800m debt write-off

Creditors of Quinn Group agreed yesterday to write off more than €800 million of debt at the conglomerate’s manufacturing business, the company said in a statement.

Hutchison denies it is in talks with Eircom

Hutchison denies it is in talks with Eircom

Hutchison Whampoa, the company controlled by billionaire Li Ka-shing, said it’s not in discussions with the owners of Eircom.

Credit Suisse to cut 1,500 jobs after loss

Credit Suisse to cut 1,500 jobs after loss

Credit Suisse Group said it will cut about 1,500 more jobs and reorganise its securities unit after the division reported its first quarterly loss since 2008.

European markets drop after morning rally

European markets drop after morning rally

European shares have fallen, ending a rally that followed an agreement to boost Europe’s rescue fund.

Vince Cable fined for non-payment of VAT

Vince Cable fined for non-payment of VAT

Britain’s business secretary Vince Cable was fined £500 for failing to pay as much as £25,000 in VAT, said a report.

NCB cuts economic growth forecast

NCB cuts economic growth forecast

NCB Stockbrokers said it is cutting its growth forecast for Ireland for next year as Euro area manufacturing looks “desperately weak.”

US consumer confidence slumps

US consumer confidence slumps

Consumer confidence unexpectedly slumped in October to the lowest level since March 2009, when the US economy was in a recession.

Barbie gets together with Bob the Builder

Barbie gets together with Bob the Builder

Mattel, the world’s biggest toymaker, acquired Hit Entertainment Ltd. for $680 million from a group led by private equity firm Apax Partner Funds.