EDDIE ROCKET'S LAWSUIT SETTLED FOR €250,000 - More than 140 jobs have been saved as a result of a settlement of a dispute between 1950s-style diner Eddie Rocket’s and its largest franchisee, writes the Irish Times. This follows Limerick businessman Brian Dunne agreeing to pay Niall Fortune’s Eddie Rockets (Ireland) Ltd €250,000 as settlement for money owed to the firm. Mr Dunne has been the largest Eddie Rocket’s franchisee and has operated Eddie Rocket’s outlets in Limerick, Galway, Clare, Waterford and Tipperary since 1998 and Mr Fortune’s firm moved to wind up Mr Dunne’s companies over the money owed. However, arising from the row, Mr Dunne is to no longer operate under the Eddie Rocket’s brand and is currently rebranding the restaurants Rockin’ Joes. Central to the deal with Mr Dunne and Mr Fortune is the removal of all Eddie Rocket’s paraphernalia from the 11 outlets.***AIB IS NOW CONSIDERED 'MORE VALUABLE' THAN DEUTSCHE BANK - Allied Irish Banks is now more "valuable" than German giant Deutsche Bank, at least according to the prices shares trade which feeds the so-called market valuation. On Monday, AIB stock gained more than 9.3% to 15.3 cent, giving the bank a market capitalisation of nearly €80 billion, writes the Irish Independent. Based on a valuation by Goodbody Corporate Finance on behalf of the Government at the end of 2012, AIB shares were worth €0.0079, giving it a market value of €4.1 billion. By comparison, Bank of Ireland, which is 15% owned by the State and is expected to be profitable next year, has a market value of €7.8 billion. Even factoring in a drop in the stock yesterday, the valuation means AIB is worth more than Deutsche Bank by market capitalisation. AIB's share price has been something of an anomaly since the State effectively nationalised the lender. The prices that the AIB shares are changing hands for appear to ignore the fact that the State owns 99.8% of AIB - so only 0.2% of its ownership is available to trade over the stock exchange. In addition, AIB is a loss-making, bank and no institutional investors have shares in it.***LSE JOINS RACE FOR $60 BILLION ALIBABA LISTING - The London Stock Exchange has joined the queue of venues trying to attract the multibillion dollar listing of Alibaba, China’s biggest ecommerce company, after Hong Kong rejected it on corporate governance concerns, says the Financial Times. Alibaba executives met UK officials who were in Hong Kong last week as part of the visit by Boris Johnson, Mayor of London, according to people familiar with the events. The London Stock Exchange declined to comment. The company is pursuing an initial public offering that could value the business at more than $60 billion mainly because of a sales agreement with its second-largest shareholder, Yahoo, which wants to offload more of its stake. According to that deal, Alibaba must list shares through a “Qualified IPO” for Yahoo to sell down more of its 24% stake, which the agreement describes as an IPO on the Hong Kong Stock Exchange or a US national securities exchange. However, that does not preclude a primary or secondary listing in London, or another exchange, according to a person familiar with the group, although the Chinese company would need to get Yahoo’s consent for a different listing venue.***EUROBONDS SCANDAL: THE HIGH STREET GIANTS AVOIDING MILLIONS IN TAX - Many of Britain's best-known high street chains are avoiding millions of pounds in tax through the controversial Eurobonds scheme, says today's London Independent. Food chains including Nando's, Pizza Express, Café Rouge, Strada and Pret A Manger have cut their taxable profits by borrowing from their owners through the Channel Islands Stock Exchange. High street retailers doing the same include BHS, the electronics retailer Maplin, Office and Pets At Home. The revelations form the third part of an investigation by Corporate Watch and The Independent into major UK companies using the quoted Eurobond exemption, a regulatory loophole the government knows about but has decided not to close. David Cameron is expected to be questioned today in Parliament about the scheme and HMRC's failure to tackle it. Instead of putting their money in the shares of the companies they buy, the owners - mostly private equity funds - lend it instead. The interest on the loans cuts the UK companies' taxable income each year and the exemption - triggered because the loans are listed on the Channel Islands Stock Exchange - means the interest goes to the owners tax free. Without this loophole, HMRC could deduct a 20% "withholding tax" from payments overseas and the overall tax saving would be greatly reduced.