Business news

US employment fell for a third month in a row in August, but the decline was far less than expected.

The idea that Anglo's affairs could be wound up without facing costs of €70 billion would not be in the taxpayers' interest.

Activity in the service sector of the economy grew again last month, but at the slowest pace since May.

Fyffes has reported a fall in profits for the first six months of the year, blaming difficult trading conditions.

A company based in Tullamore, Co Offaly, is to benefit from a €4m EU research grant.

Shareholders in the Newmarket Co-op voted last night to allow Kerry Group to go ahead with a €33m offer.

A Cork firm that designs aluminium window and doors has announced the creation of 31 jobs in an €8m expansion.

The Government has not made any application for European Social Funds for FÁS for almost ten months.

The National Transport Authority has approved an Irish Rail proposal to end the Rosslare-Waterford rail service.

It is understood that The Irish Examiner is planning to cut staff pay by 10% from October 1.

Oil giant BP said today that the cost of tackling the Gulf of Mexico disaster had risen to $8 billion so far.

BA passenger figures held up well last month despite fears that its ongoing cabin crew row could cause disruption.

Activity in the British service sector grew last month at its slowest pace since April 2009.

Retail sales across the euro zone rose by a modest 0.1% in July, after a 0.2% increase in June, new figures show.

Twitter has over 145 million registered users and more people are using mobile devices to access the service.

Swedish investment bank HQ Bank said its rival Carnegie would buy it after it went into liquidation earlier this week.

Brazil's Petrobras today unveiled one of the world's biggest share offerings, a sale of up to $64 billion in new stock.

The membership of the new Credit Union Advisory Committee has been announced.

Burger King has accepted a $4 billion takeover bid by a little known investment firm.

Oil prices firmed as traders examined a better than expected payrolls report in the US.

Chinese and other investors have approached at least one big Canadian pension manager about a bid for Potash Corp.

R & R Mechanical, an engineering company based in Tullamore, Co Offaly, has received a big EU grant.

Revenue figures show that 20 multi-national companies have relocated their corporate headquarters to Ireland.

A much better than expected US employment report drove European stock markets higher this evening.