By Miguel R. Camus
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.
By Miguel R. Camus
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.
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.
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.
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.
The publisher of The New York Times assured readers and staff Thursday his family has no intention of selling the newspaper.
The top federal US energy regulator has accused banking giant JP Morgan Chase of manipulating energy prices, according to a “preliminary” document published Monday.
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.
Asia’s largest budget carrier AirAsia is to pull out of its partnership with Japan’s All Nippon Airways because of slumping business, a report said Monday.
AirAsia, Asia’s largest low-cost carrier by fleet size, said Wednesday that first-quarter net profit fell 39 percent year-on-year due to a foreign exchange loss on borrowings.
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
Media and financial information group Thomson Reuters swung to a loss in the first quarter, hit by costs linked to a major restructuring and one-time tax charges.