Posted on November - 15 - 2011
In all, the damage from the floods that hit parts of Leinster in October is estimated to cost the industry between €125m and €150m.
In its latest trading update, FBD said yesterday that its capital base and balance sheet remain strong, adding that it will continue to focus on efficiency and productivity improvements to maintain its competitive cost structure.
The company said that its good financial performance from earlier in the year has continued through the second half and it expects full-year earnings per share to come in at somewhere between 155c and 165c; representing a 10% upgrade on previous guidance.
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Posted on November - 15 - 2011
Motorola Mobility Holdings Inc. said late Thursday that its stockholders approved the $12.5 billion deal to be acquired by search giant Google.
Libertyville-based Motorola, which was one of the two parts split from Motorola Inc., said that 99 percent of the shares that were voted were in favor of the $40 per share deal. The shares represented about 74 percent of the company’s total outstanding shares.
In August, Google said it would buy the handset device manufacturer in its biggest deal ever, paying a steep premium of 63 percent.
Motorola’s shares closed at $38.94 Thursday on the New York Stock Exchange, while shares of Google closed at $600.87 on the Nasdaq.
Posted on November - 08 - 2011
THE Scotch whisky industry will this week press its case for fairer access to what could develop into its biggest market during a high ranking visit to India.
A delegation led by Gavin Hewitt, chief executive of the Scotch Whisky Association, will meet senior government officials and industry representatives as preparations begin for the next summit meeting in February to discuss an India-Europe free trade agreement.
A key objective of the visit is to discuss the issue of the 150 per cent tariff on imported spirits in India. Although the tariff has been reduced from 750 per cent in 2001, Hewitt said the current level still meant Scotch whisky was unaffordable for most.
“We now have a situation where the tariff means a £10 bottle of Scotch whisky becomes a £25 bottle before it enters distribution. The
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Posted on November - 08 - 2011
DUBAI, United Arab Emirates (AP) Dubai’s fast-growing airline Emirates kicked off the Middle East’s biggest airshow Sunday with a huge order for 50 Boeing 777s, marking the U.S. aircraft maker’s biggest-ever single order in dollar terms.
Emirates and Boeing Co. valued the unexpectedly large deal for an extended range version of the 777-300 at $18 billion the total by list price though the carrier is unlikely to pay that much. Airlines typically negotiate big discounts, especially when buying in bulk.
Emirates has an option to buy another 20 777s as part of the order. That would push the deal’s face value to $26 billion.
The deal further establishes Emirates as Boeing’s best customer for the twin-engine 777, a workhorse of the carrier’s long-haul fleet.
Emirates has 95 777s in service and already had another 40 on the order books. Full Article…
Posted on November - 05 - 2011
A café in Bonn, Germany, called Apfelkind, is fighting an attempt by Apple to take a bite out of its business.
The trouble has arisen from the café’s apple logo, which Apple has deemed too close to its own eponymous logo. The café’s owner, Christin Römer, has received a letter from Apple’s lawyers arguing that there could be confusion between the logos from the red used, the leaf on the apple stem and the shape.
Ms Römer, meanwhile, has vowed to continue fighting, refusing to withdraw her trademark application to the Munich Patent Office. The matter is expected to be decided in the coming months by the German trade mark office.
We always advise our clients to do thorough searches to check that their name and logo are not already in use or are not “confusingly similar in the eyes of the consumer”. The legal test is whether consumers are likely to be confused between any two names or logos. Or as one judge mem
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Posted on November - 05 - 2011
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