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Ford recalls vehicles over steering, seat back issues

FILE PHOTO

Ford Motor issued two vehicle recalls Monday, one to fix a corrosion risk that could affect steering and another to replace seat frames that do not meet safety standards.

Posted: April 8th, 2014 in Latest Business Stories | Read More »

Spain’s Naturhouse opens PH branch

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Risotto with mushroom, a recipe by Naturhouse. PHOTO FROM NATURHOUSE.AE

Spanish dietetics specialist Naturhouse is scheduled to open its first shop in the Philippines on April 6, as part of plans to expand and strengthen its presence in Asia.

Posted: April 4th, 2014 in Latest Business Stories | Read More »

H&M plans Asia, online expansion as profits rise

h&m

Swedish fashion giant H&M announced strong profits Thursday amid plans for a large-scale expansion of outlets in Asia and online but shares dropped sharply as the figures missed expectations.

Posted: March 28th, 2014 in Latest Business Stories | Read More »

Japanese airline ANA says sorry over ‘racist’ commercial

Screengrab from ANA airlines YT channel

Japanese carrier All Nippon Airways (ANA) said Monday it was modifying a TV commercial after apologizing to customers who complained it used racist stereotyping, but insisted they had meant no offense.

Posted: January 21st, 2014 in Latest Business Stories | Read More »

GT Capital income up 44% to P7.7B

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FILE PHOTO

GT Capital Holdings Inc., the holding company of tycoon George S.K. Ty, said profit during the nine months through September jumped 44 percent to P7.7 billion due to higher contributions from units, its increased exposure in its automotive and power generation companies, and a nonrecurring gain.

Posted: November 15th, 2013 in Latest Business Stories | Read More »

Metro Pacific Investments net profit up 5% to P5.2B

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In terms of contribution to net operating income of Metro Pacific Investments, Maynilad Water Services accounted for 43 percent, followed by Manila Electric Co., 30 percent; Metro Pacific Tollways, 20 percent; and the hospital group, 7 percent. Screen grab maynilad.com.ph

Infrastructure giant Metro Pacific Investments Corp. said its net income in the nine months through September rose 5 percent to P5.2 billion, a filing at the Philippine Stock Exchange showed.

Posted: November 7th, 2013 in Latest Business Stories | Read More »

Toyota recalls 885,000 vehicles to fix water leak risk

Vehicle sales grew by 27 percent to 15,642 units in the first month of 2014, with Toyota capturing 45 percent of the market. AP FILE PHOTO

Toyota said Thursday it was recalling 885,000 vehicles worldwide to fix a problem with air-conditioning equipment that could cause a leak and affect air bags.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

Toyota recalls 870,000 vehicles in US, Canada

AP FILE PHOTO

Toyota has reissued a recall of 870,000 vehicles in the United States and Canada after discovering initial repairs were not performed properly, the Japanese automaker said Monday.

Posted: September 10th, 2013 in Latest Business Stories | Read More »

McDonald’s Japan names Canadian woman to take helm

AP FILE PHOTO

McDonald’s Japan named a Canadian woman to take the helm Tuesday, an extremely rare appointment in a nation where locally born, graying men dominate the business world.

Posted: August 28th, 2013 in Latest Business Stories | Read More »

New York Times ‘not for sale,’ owner says

The publisher of The New York Times assured readers and staff Thursday his family has no intention of selling the newspaper. AFP file photo

The publisher of The New York Times assured readers and staff Thursday his family has no intention of selling the newspaper.

Posted: August 9th, 2013 in Latest Business Stories | Read More »

JPMorgan accused of US energy market manipulation

In this May 11, 2012, file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase on Monday, May 14, 2012, said its chief investment officer Ina Drew was resigning in the wake of the bank's stunning $2 billion loss on derivatives trading.  AP PHOTO/MARK LENNIHAN

The top federal US energy regulator has accused banking giant JP Morgan Chase of manipulating energy prices, according to a “preliminary” document published Monday.

Posted: July 30th, 2013 in Latest Business Stories | Read More »

Japan’s ANA and AirAsia to dissolve budget carrier

A cabin attendant serves to passengers on a Boeing 787 plane of the All Nippon Airways during its flight from New Chitose Airport, near Sapporo, northern Japan, to Haneda Airport Sunday, May 26, 2013. ANA and AirAsia said Tuesday, June 25, 2013, they have agreed to terminate their budget carrier joint venture as business slumped amid management clashes, dealing a blow to the country's fledgling low-cost sector.  AP/KYODO NEWS

Japan’s All Nippon Airways and AirAsia said Tuesday they have agreed to terminate their budget carrier joint venture as business slumped amid management clashes, dealing a blow to the country’s fledgling low-cost sector.

Posted: June 26th, 2013 in Latest Business Stories | Read More »

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