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Bord Gais may drop request for further price hike

Bord Gais is reportedly set to abandon its request for a further price increase from January.

AIB now taking indicative orders on a guaranteed €1.5bn bond

Allied Irish Banks yesterday began taking indicative orders for a €1.5bn bond which is set to mature before the Government's guarantee scheme comes to an end in September 2010.

Benefit-in-kind linked to emissions

Fionnan Sheahan and Eddie Cunningham

Oil falls toward $50 level as markets ignore pirates

OIL slipped below $54 and looked set to fall towards €50 a barrel yesterday after a US government report showed a decline in demand for oil across the country.

KeyCorp Board Cuts Quarterly Dividend By Two-thirds
KeyCorp Board Cuts Quarterly Dividend By Two-thirds
Shares in Ford and General Motors tumble as $25bn-bailout hopes fade

Shares of General Motors Corp tumbled as much as 39pc to hit a 70-year low yesterday as prospects dimmed that lawmakers would reach a compromise on a proposed $25bn bailout for US automakers before Congress adjourns this week.

Digicel opens service in Honduras

DiGiCel, Denis O'Brien's mobile telecoms firm, will go up against Claro, the firm owned by the richest man in the world, through its $450m launch in Honduras.

'Daily Mail' cuts jobs and costs

The owner of the 'Daily Mail' newspaper has axed hundreds of jobs and launched a £100m drive to boost revenues, as it becomes the latest publishing group to feel the grip of the financial crisis.

Relief for consumers as gas price hike scrapped

CONSUMERS will not face higher gas bills in January and Bord Gais may even cut charges next year, the Irish Independent can reveal.

So, is it really worth buying organic as the recession bites?

The organic movement blossomed in the boom years. From the early '90s onwards, organic sales grew on average 20pc a year, doubling in the last five years alone from €38m to €66m. It's not surprising, given how much organic food stuffs cost.

In brief: Tullow strikes it rich with oil find

Tullow Oil yesterday announced another oil discovery in Ghana. The result encouraged brokers to up estimates for the nearby Tweneboa prospect, which is now believed to hold up to 750 million barrels of oil.

BNP Paribas Bonuses May Fall More Than 70%: Report
BNP Paribas Bonuses May Fall More Than 70%: Report
Fannie, Freddie To Halt Foreclosures Over Holidays
Fannie Mae and Freddie Mac said late Thursday that they will temporarily suspend foreclosures on occupied homes while the companies work on a streamlined modification program expected out in December.

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