Opening Bell: Google linked to Treasury Building, US market highs, more trouble for Trump

Get up to speed with today's breaking business news...

Google is reported to have held informal talks with the owners of the Treasury Building - NAMA's home on the Grand Canal - as the US firm considers a bid for the property.

The Irish Independent states that these talks have been on-going for some two months and that Google is prepared to spend up to €125m on the Dublin property.

The building is a short walk from Google's Euroepan HQ - the company is beleived to be bringing 400 new jobs to the capital.

______________________________________________________

Donald Trump's pick to be the US labour secretary has withdrawn his nomination after being involved in an immigration scandal.

Andrew Puzder has dropped out after allegations emerged he failed to pay taxes for five years for a former housekeeper who was not authorised to work in the US.

One Republican source said six senators had asked the White House not to go through with Mr Puzder's confirmation hearing because were unable to vote for him.

______________________________________________________

The cost of motor insurance is up for discussion today by TD'S and Senators.

The Oireachtas Finance Committee will review recommendations by Minister of State Eoghan Murphy, on how to reform the sector and ensure fairer premiums for consumers.

The AA's Director of Consumer Affairs, Conor Faughnan says there are a number of serious problems that the industry has to get to grips with.

______________________________________________________

US markets continued to break new ground yesterday, gaining 0.5% and rising to 2,349.25 points.

This comes as US President Donald Trump again indicated that he plans to lower taxes and simplify tax filing procedures.

Positive retail and inflation data across the Atlantic also added to market confidence.