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Macay Holdings takes over 2 bottling plants

Macay Holdings Inc., a beverage investment holding firm of businessman Alfredo Yao, is beefing up its bottling operations by taking over two non-core bottling plants of Zest-O Corp. which the group also owns.

Posted: June 21st, 2014 in Headlines | Read More »

SMEC entry into Aleco on track

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Conglomerate San Miguel Corp. is on track to a formal management takeover of debt-saddled Albay Electric Cooperative (Aleco) next year despite attempts of a small group to abort the transition.

Posted: December 27th, 2013 in Headlines | Read More »

Jeff Bezos takes control of Washington Post

Jeff Bezos, CEO of Amazon.com., poses for a photo Tuesday, Sept. 24, 2013, with the 8.9-inch version of the new Amazon Kindle HDX tablet computer in Seattle. The founder of Amazon closed a $250-million deal Tuesday, Oct. 1, 2013, to acquire The Washington Post, ending the longstanding ownership of the renowned Graham family, the newspaper announced.  AP

Jeff Bezos, the founder of Amazon, closed a $250 million deal Tuesday to acquire The Washington Post, ending the longstanding ownership of the renowned Graham family, the newspaper announced.

Posted: October 2nd, 2013 in Latest Business Stories | Read More »

K-Water secures Angat hydro plant with San Miguel group

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Korea Water Resources Development Corp. (K-Water) is officially taking over the 218-megawatt (MW) Angat hydroelectric power plant (HEPP) in Bulacan with the San Miguel group as its Philippine partner, said K-Water vice president for overseas business Byung Hoon Yune.

Posted: September 3rd, 2013 in Headlines | Read More »

Latest Internet casualty: Washington Post sold for $250M to Amazon founder

Katharine Weymouth, publisher and CEO of The Washington Post, left, and Donald Graham, CEO and chairman of The Washington Post Co., address employees about the sale of The Washington Post to Amazon.com founder Jeff Bezos, Monday, Aug. 5, 2013, in Washington.  AP PHOTO/THE WASHINGTON POST, MARVIN JOSEPH

The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.

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

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