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Nokia in $950 million Q3 profit on growing sales

This Feb. 8, 2012, file photo shows the Nokia offices in Salo, Finland. Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday June 14, 2012, in a further drive to save costs. The cuts mean that it will close some research and development projects, including in Ulm, Germany, and Burnaby, Canada.  AP PHOTO/LEHTIKUVA, JUSSI NUKARI

Nokia Corp. appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. Sales growth was 13 percent compared to 2013.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

SMC: P20-B Calax bid superior; but will respect Aquino decision

By
Cavite-Laguna Expressway Route Map   PHOTO from www.dpwh.gov.ph

San Miguel Corp. maintained Thursday that it should be declared the winning bidder of the P35.4-billion Cavite-Laguna Expressway (CALAx) by virtue of having submitted the highest bid for the keys toll road project under the government’s public private partnership program.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

US stocks drop after days of big gains

Wall street 102214

US stocks dropped Wednesday following mixed earnings, with the broad market retreating from three straight sessions of big gains.

Posted: October 23rd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Tan starts offer for PAL shares

By
LUCIO TAN

Businessman Lucio Tan on Wednesday launched a voluntary tender offer priced at a sharp discount to buy out minority shareholders of flag carrier Philippine Airlines and its listed owner PAL Holdings Inc., according to a regulatory filing.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

PTT sets $2B diversification, expansion plan

By
PTT

Oil firm PTT Philippines Corp. is embarking on a venture that would diversify its operations to include power generation and the expansion of its parent firms’ global liquefied natural gas (LNG) footprint.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

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