Morning business news - July 28

Morning business news - July 28

08.57 Ryanair says it's going to pay out a special dividend of €520 million, or 37.5 cent per share, in the fourth quarter, pending shareholder approval.

Today in the press

Today in the press

10.00 The Irish Times reports that a senior Aer Lingus executive has begun court action to prevent his removal from his position, following an alleged dispute with other senior executives at the airline.

Minister Bruton was reacting to comments made by President Obama about Ireland's tax practices

Bruton: Ireland promotes good business practice

25 Jul Minister for Jobs, Enterprise and Innovation Richard Bruton has said that the Government does not promote or encourage companies to engage in any practices, which bring little or no substance in terms of jobs or economic activity to Ireland.

Appliance orders were down but a sharp rise in defence spending boosted the overall figure

US durable goods orders rebound in June

25 Jul Durable goods orders in the United States rebounded in June from a sharp fall in May, boosted by a jump in defence aircraft orders, official data released Friday showed.

The Flynn family are being pursued by NAMA for €22m

Wife of property developer loses NAMA case

25 Jul Leona Flynn, wife of property developer John Flynn, has lost her case against NAMA after the High Court ruled that Mrs Flynn was a borrower of NAMA in respect of the Belfield Office Park loan.

Russia's central bank raised its main interest rate to 8%

Russia raises main interest rate

25 Jul Russia's central bank unexpectedly raised its main interest rate by a half point to 8%, warning that geopolitical tensions were increasing inflationary risks.

Amazon has invested heavily in new products and services lately, including a smartphone

Amazon posts net quarterly loss of $126m

25 Jul posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

The plan hopes to boost an economy facing its fourth year of sluggish growth

Brazil announces $13bn economic stimulus program

25 Jul Brazil's central bank announced plans to ease banks' reserve requirements, freeing up $13 billion in a bid to stimulate lending and boost an economy facing its fourth year of sluggish growth.