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CA nullifies QC judge’s order on estate of late industrialist

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FILE PHOTO

The Court of Appeals has nullified an order of a Quezon City judge in September 2013 to include companies and real properties in the disputed estate of the late industrialist Jose Marcelo Sr.

Posted: July 14th, 2014 in Latest Business Stories | Read More »

CA denies PAL attendants’ bid to get over P100M salary hike grant

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FILE PHOTO

The Court of Appeals has denied the bid of Philippine Airlines (PAL) flight attendants to get more than the P100 million in unpaid salary increases, which the appellate court granted them in 2013.

Posted: June 10th, 2014 in Latest Business Stories | Read More »

Gasoline dealers pursue suit vs Chevron for unfair competition

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A Caltex station in Las Piñas City is show in this photo taken on Sept. 9, 2012. Local oil companies including Chevron (which operates Caltex gas stations) are slashing prices of petroleum products effective Tuesday, Sept. 25, 2012, to reflect the uptrend of oil prices in the global market.  PHOTO BY RICK ALBERTO

Gasoline dealers have asked the Department of Justice (DOJ) to overturn the dismissal by a Makati prosecutor of its complaint against petroleum giant Chevron Philippines Inc., which it accused of unfairly competing with them by operating its own gasoline stations from 2003 to 2009.

Posted: June 23rd, 2013 in Latest Business Stories | Read More »

CA lifts freeze order on Ongpin bank accounts

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roberto_ongpin

The Court of Appeals has lifted the five month-long freeze order on the bank accounts of businessman Roberto Ongpin and several of his co-accused in the allegedly behest loans extended to him by the Development Bank of the Philippines.

Posted: May 8th, 2013 in Latest Business Stories | Read More »

US accuses S&P of fraud in mortgage bond ratings

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AP FILE PHOTO

US Justice Department officials Tuesday accused Standard & Poor’s of fraud for inflating the ratings of mortgage bonds before the 2008 crisis, costing federally insured institutions at least $5 billion in losses.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

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