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Minister to discuss ongoing crisis with bank chiefs

Finance Minister Brian Lenihan is due to meet the heads of the Ireland's main banks today to discuss the latest developments in the ongoing financial crisis.

In brief: Oil prices rise as OPEC ponders cut

Oil prices rose last night as part of a wider rally on world markets as OPEC considered cutting oil production again to stem a slide that has sent prices to 22-month lows. US crude rose 49 cents to $55.44 a barrel, while London Brent crude was up 29 cents at $52.60. Oil prices have dropped from record highs above $147 a barrel in July.

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.

President-Elect Obama: What Will Change Really Mean to Small Business?
While small-business owners and advocates cheer the economic stability and confidence an election outcome may bring, many remain wary of the president-elect's tax proposals and the long-term direction of the economy
Oil price hovers at $50 a barrel
Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.
3 Ways to Kill a Deal in China
Why should you fight over the bill during a Chinese business dinner? Read on to find out.
Property activity may increase, but prices will suffer further falls

John Moran forecasts further falls in commercial property prices in the short-term but believes that the market is nearing its trough. But the incoming managing director of one of Ireland's top four commercial property consultants Jones Lang LaSalle also sees a number of silver linings in the clouds overhanging the property market.

LIVE AD (when 90 seconds seems like an eternity)

It's Tuesday evening in RTE's Studio 6, a tiny space that's about to play host to something pretty big: the first ever live advert on Irish television.

Global gloom depresses oil price
The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.
Pound shop: Woolworths may be sold for £1

Struggling sweets-to-CDs retailer Woolworths is in talks to sell its high-street business to company restructuring specialist Hilco for a nominal sum of £1, as stores grapple with the economic downturn.

Bank share recovery fails to offset drop in general market

DUBLIN shares fell yesterday after a recovery in bank shares failed to offset a drop in the general market and the ISEQ Index ended the session with a decline of 33.97 points or 1.39pc to 2416.22.

In brief: Hartnett takes up solar energy post

Silicon Valley figure and former Palm executive John Hartnett is to take up a role as chief executive at a UK solar energy company. The Irish businessman will lead solar energy company G24i in its next stage of expansion into global markets.

Opel among carmakers that may need bailout, says EU

European carmakers may need financial aid from the EU and its governments, according to senior EU officials yesterday. They singled out General Motors' unit Opel as a possible emergency case.

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