SMC’s H1 net loss at P4B
ICONIC From a food and beverage giant into a diversified conglomerate Conglomerate San Miguel Corp. incurred a net loss of P4 billion in the first semester as the lockdown and…
Lockdown cost Baguio, Benguet power utility P126M loss, adding to Cordillera recovery woes
BAGUIO CITY –– The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since…
PH 7-Eleven network swung to P493M Q2 net loss
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store operator, Philippine Seven Corp., swung to a net loss of P493.5 million in the second quarter…
JFC’s Q2 net loss at P10.2B
Jollibee store crew Homegrown fast-food giant Jollibee Foods Corp. (JFC) saw worse financial bleeding in the second quarter as its businesses across the globe bore the full brunt of the…
Wall Street slides, but tech strength helps avert a big loss
NEW YORK — Most of Wall Street stumbled Thursday, but yet another rise for big technology stocks helped keep the market’s losses in check. Signs for Wall Street are shown,…
Virus and grounded plane send Boeing to $2.4 billion 2Q loss
FILE – In this Jan. 25, 2011, file photo, is the Boeing Company logo on the property in El Segundo, Calif. (AP Photo/Reed Saxon, File) Boeing is reporting a $2.4…
Asia shares slip after worst S&P 500 loss in nearly 4 weeks
MITO, Japan — Worsening China-U.S. friction, worries over aid to Americans and U.S. businesses and a stumble on Wall Street combined to push shares in Asia lower on Friday. A…
S&P 500 has biggest loss in nearly 4 weeks as tech stumbles
NEW YORK — Slumping stocks across most of Wall Street sent the S&P 500 to its worst loss in nearly four weeks on Thursday, undercut by a report showing layoffs…
BPI’s Q2 profit down 25% on higher loan loss buffer
BPI logo Ayala-led Bank of the Philippine Islands (BPI) booked P11.68 billion in first semester net profit, down by 15 percent year-on-year as the bank set aside a much larger…
Jeep SUVs recalled to fix problem that can cause power loss
AP DETROIT — Fiat Chrysler is recalling almost 95,000 Jeep Cherokees worldwide because a transmission problem can cause the small SUVs to lose power unexpectedly. Also, when drivers shift into…