News

Japan's Toshiba cuts profit outlook again

Agence France-Presse
Posted at Feb 13 03:09 PM

Struggling Japanese engineering firm Toshiba lowered its profit forecasts Wednesday with rising costs weighing on its energy operations.   Read more »

Forbes: LeBron still king of NBA earners

Field Level Media/Reuters
Posted at Feb 13 05:36 AM

Los Angeles Lakers forward LeBron James is the NBA's highest-paid player for the fifth consecutive year with $88.7 million in earnings -- including $53 million off the court, according to a Forbes list published Tuesday. Read more »

Spotify aims to become podcasting power player

Agence France-Presse
Posted at Feb 07 08:08 AM

Spotify, the world's leading music streaming platform, on Wednesday announced an ambitious plan to become a top streamer of podcast content. Read more »

Red ink alert: Hundreds of Chinese firms warn on profits

Agence France-Presse
Posted at Jan 31 10:36 PM

Hundreds of listed Chinese companies have slashed their forecasts for 2018 earnings this week in a sign that an economic slowdown and worries over US-China trade friction are beginning to bite. Read more »

Apple profit stable as service gains offset iPhone slump

Glenn Chapman, Agence France-Presse
Updated as of Jan 30 07:14 AM

Apple said Tuesday that profits held steady in the most recent quarter, with revenue growth in music, movies, apps and other services offsetting slumping iPhone sales, sparking a rally in shares of the California tech giant.   Read more »

P&G confident of payoff from Gillette's 'Me Too' ad

John Biers, Agence France-Presse
Posted at Jan 24 06:49 AM

Procter & Gamble said Wednesday its controversial Gillette ad targeting "toxic masculinity" was resonating with younger consumers and producing solid sales despite criticism from some conservatives and calls for a boycott.  Read more »

Bureau of Immigration posts record-high P7-billion collection in 2018

ABS-CBN News
Posted at Jan 21 03:50 PM

The bureau's total revenue collection was P7.03 billion, as of November 2018, or nearly P1.5 billion more than the total P5.58 billion 2017 earnings.  Read more »

US chipmakers earnings may give clues on China hazard

Noel Randewich, Reuters
Posted at Jan 21 07:45 AM

Upcoming quarterly scorecards from Intel, Texas Instruments and other chipmakers, as well as Ford Motor Co, will shed light on whether Apple made a convenient excuse for its own troubles or revealed a strengthening headwind faced by global companies that rely on China for a big chunk of their sales. Read more »

U2, Coldplay top Forbes list of highest-paid musicians

Reuters
Posted at Dec 05 07:37 AM

Irish rock band U2 topped the 2018 Forbes magazine list of the highest-paid musicians on Tuesday thanks in part to the group's successful "Joshua Tree" world tour celebrating their classic 1987 album.   Read more »

Uber loss tops $1 billion as it seeks to diversify

Agence France-Presse
Posted at Nov 15 08:05 AM

Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. Read more »

Megaworld net income rises in Q3 with residential resurgence

ABS-CBN News
Posted at Nov 12 12:03 PM

Net income grew 14.2 percent in the quarter ending September and 12.8 percent in the first 9 months of the year. Read more »

PAL Holdings net loss narrows as revenues rise

ABS-CBN News
Posted at Nov 12 10:58 AM

PAL Holdings reported net loss attributable to shareholders of P2.52 billion in the third quarter, from P2.92 billion during the same period in 2017. Read more »

JG Summit’s Q3 core net income down 19 percent

ABS-CBN News
Posted at Nov 09 04:09 PM

MANILA – JG Summit Holdings Inc. on Friday said its core net income in the third quarter reached P5.5 billion or 19 percent lower compared to the same period last year.  Read more »

Robinsons Land net income nearly doubles in Q3

ABS-CBN News
Posted at Nov 08 10:14 AM

The Gokongwei-led developer said it posted net income of P3.2 billion in the third quarter. January to September net income reached P6.6 billion, up 44 percent from the comparable period in 2017. Read more »

Spotify earnings hit sour note on Wall Street

Agence France-Presse
Posted at Nov 02 06:31 AM

NEW YORK - Spotify shares took a hit Thursday after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader. Read more »

Apple delivers strong profits, but shares slip on outlook

Glenn Chapman, Agence France-Presse
Posted at Nov 02 06:19 AM

SAN FRANCISCO - Apple on Thursday delivered stronger than expected profits in the recently ended quarter, but shares slid on disappointing iPhone sales and the forecast going into the year-end holiday. Read more »

Facebook's rise in profit outweighs slow user, sales growth

Munsif Vengattil and Paresh Dave, Reuters
Posted at Oct 31 07:59 AM

Slowing growth after years of strong results has been a top concern, and Facebook's weak results underscored some of those fears. Read more »

Meralco Jan-Sept core net income up 9 percent to P16.7 billion

ABS-CBN News
Posted at Oct 30 10:22 AM

Meralco's core net income in January to September rose to P16.7 billion from P15.4 billion during the comparable period in 2017.  Read more »

UnionBank posts P6.1 billion net income in Jan-Sept

ABS-CBN News
Updated as of Oct 29 10:55 AM

UnionBank the country's ninth largest lender said net nine-month net income was at P6.1 billion, from P6.4 billion during the same period in 2017. Read more »

BDO net income rises to P8.4 billion in third quarter

ABS-CBN News
Updated as of Oct 29 11:11 AM

This brought BDO's nine-month net income to P21.5 billion, up 6 percent year on year. The country's largest lender owned by billionaire Henry Sy said the full year goal of P31 billion was "within reach." Read more »