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Business: BreakingNews.ie

Ireland's premier breaking news website providing up to the minute news and sports reports.

BreakingNews.ie

Dow falls below 8,000
Wall Street hit levels not seen since 2003 today, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three carmakers amid a slumping economy disheartened investors.
ISEQ slightly down
The ISEQ index of Irish shares closed at 2,416.22, down 33.97 points, a drop of 1.39%.
FTSE down almost 5%
The FTSE 100 Index plunged nearly 5% today as banking and mining stocks fell on worries over the scale of the global downturn.
Subsidiary of one of North's biggest builders in administration
Another part of what was one of the North's largest building companies has gone into administration, it was announced today.
Lloyds TSB shareholders back HBOS takeover
Lloyds TSB shareholders today backed the proposed takeover of ailing rival HBOS.
US consumer prices plummet
US consumer prices fell by the biggest amount in the past 61 years in October, figures showed today.
FTSE relinquishes yesterday's gains
Banking and mining stocks remained volatile today as London?s FTSE 100 Index gave up all of yesterday?s surprise end-of-session rally.
NIB predicts 8% unemployment next year
National Irish Bank is predicting that unemployment will reach 8% next year as companies continue to lay off workers due to the economic downturn.

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