RTE Business Headlines

• European markets close deep in the red
  

  European stock markets closed deep in red today, as mounting fears about the ability of Spain and Greece to deal with debts and fix their troubled banking sectors spooked investors.

• Facebook has mixed start trading on Nasdaq
  

  Facebook shares hover around break-even as its leap of 12% in opening trade today came crashing down.

• IBOA to consider recommendation on AIB job losses
  

  IBOA The Finance Union is to consider the mediator’s recommendation on AIB job losses of up to 2,500 staff. However, the IBOA is seeking an urgent meeting with senior management to discuss its plans for the future.

• 50 jobs to go with Glanbia sale of Yoplait brand
  

  50 people are to lose their jobs at the Glanbia facility at Inch in Co. Wexford following the company's decision to end it's franchise agreement with Yoplait.

• Bank of Ireland agrees terms on 1,000 redundancies
  

  The terms of the redundancy agreement that will see up to 1,000 staff leave Bank of Ireland have been agreed.

• Britain's Cameron backs Hollande deficit plans
  

  British Prime Minister David Cameron backed new French President Francois Hollande's deficit plans as the leaders prepared to meet for the first time in Washington today.

• Moody's downgrades 16 Spanish banks
  

  Ratings agency Moody's has cut the ratings of 16 Spanish banks by between one and three notches.

• Euro crisis big threat to emerging Europe
  

  Lacklustre growth in emerging European economies could turn into recession if the euro zone crisis escalates, the European Bank for Reconstruction and Development has said today.

• IBM to create 200 new jobs in Mulhuddart
  

  IBM, which currently employs more than 3,000 in Ireland, is to create 200 jobs at a new international services centre in Mulhuddart.

• Passengers increase, revenue down - ICG statement
  

  Irish Continental Group (ICG) has issued its interim management statement which shows revenue is down and the group has seen a reduction in numbers for many of its services.