business

AIB charges 40,000 clients by mistake

The Allied Irish Bank says it has found an error in relation to the classification of some customers' accounts, which led to incorrect charges being applied. By staff reporter

It says that certain personal accounts could have been classified as business and some business accounts as personal.     This mistake, it says, could have led to incorrect fees and >

Slump in Aer Lingus long-haul traffic

Aer Lingus' total passenger numbers in January rose by 0.6% compared with the same time last year to stand at 665,000. By staff reporter

The airline said its short-haul passenger numbers were up 3.8% to 608,000, but long-haul passengers dropped by 23% to 57,000.     Its overall load factor in the month was 67.4%, an >

Wave energy company signs US deal

Irish company Ocean Energy, a designer of turbines that can convert wave power into electricity, has signed a big development deal with a US multinational. By staff reporter

  Ocean Energy's CEO John McCarthy said the agreement with Dresser-Rand would develop wave energy in Ireland to a great degree in Ireland, and should lead to the creation of thousands of >

Northern Bank reports massive £100m loss

The Northern Bank's losses last year came to £100 million. By Shelley Marsden

The bank made an operating profit of £68.6 million, but had to set aside £168.7 million to cover loans it thinks might not be repaid, for the most part in the property sector.   >

103 Dublin jobs for gaming company

Online Japanese gaming company GALA is to expand its European headquarters in Dublin with the creation of 103 jobs. By Shelley Marsden

  The company has premises in Dublin's Digital Hub and IDA Ireland is supporting the expansion.       GALA established itself in Dublin in 2006 and the company says >

Helping the kids out

Parents are being called on more than ever before to help out their children, writes KEVIN CLANCY

More and more parents have to subsidise the future prospects of their children. There has been a major social change in the last five years  where by children are living at home longer, >

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