PRESS DIGEST - Ireland - May 3
These are some of the leading stories in Ireland's newspapers on Friday. Reuters has not verified these stories and cannot vouch for their accuracy:
THE IRISH TIMES
- Swedish corporate financier Proventus, whose backers include the Nobel Foundation, is seeking to invest up to 100 million euros in individual Irish companies as it moves to fill a gap left by low levels of bank lending here
- The government is moving closer to dropping its plan to sell off the harvesting rights of state forestry company Coillte as part of a privatisation plan agreed with the EU-IMF troika
- Detroit-based General Motors is said to be considering opening a logistics division in the Limerick region in the coming months, potentially bringing hundreds of jobs to the area
- Banks will hike interest rates for 300,000 customers on variable rates this year as they try to make up for worsening losses on tracker products, experts have warned
- United States First Lady Michelle Obama, will visit Ireland next month when her husband is in the North for a summit of G8 leaders
- Former Anglo Irish Bank executives Sean FitzPatrick and Lar Bradshaw are to be summoned before a parliamentary committee to be questioned on the Dublin Docklands Development authority and its involvement in the purchase of the Irish glass bottle site.
- A disgraced developer and former general election running mate of former prime minister Brian Cowen fled with his father and two young children on Thursday after being ambushed by a masked gunman as he drove from his home
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