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Fraport seen keen on negotiating with PH over Naia 3 row

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The government is considering entering into negotiations with German airport operator Fraport AG that could lead to the settlement of a decade-long issue—now with an international court—over the latter’s investment in the Ninoy Aquino International Airport Terminal 3.

Posted: October 17th, 2013 in Headlines | Read More »

Settlement reached in Toyota acceleration cases

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In this Aug. 2, 2011 file photo, the Toyota Motor Corp. logo is seen on a tire wheel of an Avensis sedan at Toyota's Tokyo headquarters. Japanese automaker Toyota said Thursday, August 2, 2012,  it was recalling 600,000 vehicles in Europe to check for loose nuts in the rear wheel area, following a similar recall in the United States.  AP PHOTO/SHIZUO KAMBAYASHI

Toyota Motor Corp. says it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems in its vehicles.

Posted: December 27th, 2012 in Latest Business Stories | Read More »

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