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OLD MONEY FOR NEW ROPE Cynics noted that of the mega-headline figure of Euro184 Bn to be spent in the 2007-2013 National Development Plan announced last week, very little had not been previously announced. "In reality, the capital spend in the NDP is unchanged from the December Budget which was regarded as being more responsible than many of its predecessors, " Ulster Bank economist Pat McArdle said in a note. So the coalition get credit for a big number and more credit for actually being restrained. No wonder the opposition look Green.
FORD RUNS OUT OF ROAD as the company posted an annual loss of $12.7Bn, the worst in the company's 103-year history. While losses were expected to be severe at the No 2 US automaker, the eye-popping numbers have cast doubt on its recovery plan - with big implications for the future of US manufacturing generally. Rival GM said it would postpone reporting its results but would post a fourthquarter profit.
NOT SO APPALLING VISTAMicrosoft reported strong sales for its latest quarter and profits that bested Wall Street estimates -- and that was even with delays in the launch of Windows Vista and Of"ce 2007, which go on sale this week to consumers.
WINGS CLIPPED Aer Lingus unions Siptu and Impact ballotted their members to approve a strike next month after cost-cutting plans including fewer holidays and less overtime pay were revealed. Unions say the airline is breaking promises it made before privatisation.
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YOU ARE HERE: 11 November 2007 / tribune.ie / 2007 / 01 / 28
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