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Housing starts now at lowest level for 50 years

Construction of new homes in the United States plunged last month to the lowest level for nearly 50 years as builders slashed production while Wall Street nosedived.

Avoiding business blogging blunders

Establishing a successful business presence on the web can be tricky but if you fake it, the online community is unforgiving

Blog digest: Just Routes

Although this is not technically a blog, I must single this website out as an essential Irish site to visit, simply because it lists almost all the bus routes around Dublin City. If you plug in where you are and where you want to get to, you will be given the distance, as well as the most direct bus route.

Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut between 1,500 and 2,000 jobs in 2009, including 140 in the UK.
Colombian scam suspect extradited
Panama extradites a Colombian suspected of running the country's biggest pyramid finance scheme.
Lenihan calls in bankers as buyers circle

Finance Minister Brian Lenihan has summoned the top brass of the banks covered by the State guarantee to his office this morning, the Irish Independent has learned.

UK borrowing rise 'is necessary'
The government says it is "right to increase borrowing" as figures show public debt rose by £1.4bn last month.
Newspaper to shed 60 jobs as credit crunch bites into advertising revenue

The Irish Times will move into the red this year and faces even deeper losses in 2009, the company told staff yesterday.

Russia pushes Ukraine on gas debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.
National Grid profit rises in US
UK utility National Grid reports a 4% rise in half-year profit and gave a positive forecast.
Pakistan asks IMF for rescue loan
Pakistan has asked the International Monetary Fund for a loan of at least $7.6bn, its top economic adviser says.
Broke, not dim
Some carmakers struggle while others grow
Investors increase rival stake in UTV as share battle rages

Two Irish investors have stepped up their rival stake building in UTV Media. The share price of the Northern Irish broadcaster rose 6.5pc to close at 89.75p on London stock markets yesterday after Peter Crowley and Neill Hughes issued notification that they had bought 1.8 million shares on Friday, taking their stake to 11.42pc.

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