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Win the fare war

WITH oil prices soaring to record highs and an ever- increasing array of levies and surcharges, many fear the end of low-cost flying is near. But it doesn't have to be.

Insurer AIG received €27m dividend from its Irish arm

AIG, THE American insurance giant whose chief executive Martin Sullivan became the latest casualty of the credit crisis last week, was paid a €27m dividend by its Irish subsidiary last year, up from €17m in 2006.

Manufacturing sector getting smaller as job losses loom

MANUFACTURING continues to shrink and firms are sharply cutting their workforces, the latest survey from industry managers shows.

'Take cash' advice to BoI shareholders

BANK of Ireland shareholders have been advised to take a cash dividend instead of a scrip issue of shares.

Levi's profits slump 98% to $1m
Profits dive at US clothing maker Levi Strauss as a result of weak consumer spending and costly new software.
Banks may ask for cash injection

THE State may be called upon to inject cash into the country's major banks in a bid to kick-start mortgage lending again.

Even Buffett fortunes slump 20pc as bears maul Berkshire

It must be a bear market -- even billionaire Warren Buffett's Berkshire Hathaway has slumped 20pc since December. It's the worst first-half for the investment and holding company since 1990 and the six-month decline exceeded the 15pc drop in the Standard & Poor's 500 Index from December 10.

Outraged airline chiefs say green tax 'disaster' will punish passengers

IRISH airlines have reacted angrily to a new green tax that will add an estimated €56 to the cost of a family holiday.

Some daughters do 'ave 'em...

It's early morning in suburban Long Island and Dina Lohan is partaking in her favourite morning ritual -- eagerly scanning the tabloid newspapers for any mention of her daughter, movie starlet and rehab regular, Lindsay Lohan.

Crude rises on Iran missile tests
Crude oil prices rise and the dollar slips after news that Iran has test-fired long and medium-range missiles.
Pay freeze plan a non-starter, says union chief

THE most senior trade union chief has insisted he will "make no sacrifices and advocate no sacrifices" at the pay talks despite talk of an economic recession.

Progress confirms it will buy Iona

US software group Progress Software yesterday confirmed it will buy loss-making Iona Technologies in a deal worth $162m (€104m).

UAE waives billions of Iraqi debt
The Emirates says it is cancelling the entire debt owed to it by Iraq, a sum of almost $7bn (£3.5bn) including interest.

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