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Severson joins Trinity board

BIOTECH

US shares up on 'Treasury choice'
US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.
Lower 3.5pc rate to encourage first-time buyers

Charlie Weston Personal Finance Editor

Former Treasury Secretary O’Neill Talks to FBN
Former Treasury Secretary Paul O'Neill said he approves of three of the possible candidates for his former post.
Cavuto: World Goes Nuts, We Go to Work
On a day the world went nuts...We went to work.
Irish shares slump 75pc from peak as ISEQ hits 13-year low

THE Dublin market lost another 4.36pc of its value after a big sell-off in shares left the ISEQ Index at a new 13-year closing low.

Formation Group facing a €13m hit after collapse of Landsbanki

The company which acts as agent for Irish international footballer Richard Dunne and Sunderland manager Roy Keane faces a possible €13.6m hit as a result of the collapse of Icelandic bank Landsbanki.

Repossession of homes up by 12%
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
African free trade zone is agreed
The leaders of three African trading blocs agree to create a free trade zone of 26 countries with a GDP of $624bn (£382.9bn).
Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
Debt outlook for builders CRH lowered to 'negative'

THE outlook on CRH debt has been lowered by ratings agency Moody's who cited the firm's high exposure to the weak building materials markets in the Americas and an expected weakening in cash flow as it moved the outlook on the company's debt from 'neutral' to 'negative'.

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.

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.

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