News roundup: the top stories at midday

**The top local and international news at midday:**

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**IDA Ireland** creates 7,071 net new jobs in 2013.

**IDA chief executive** Barry O'Leary to step down.

**Ryanair** to cut airport baggage fees.

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**New car sales** fell by seven per cent in 2013 - SIMI.

**Irish pension** managed funds returned 16% in 2013 - Aon Hewitt.

**Fastnet** to begin drilling offshore Morocco in first half.

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**Next** raises forecast after strong Christmas sales.