Business

Philippine GDP growth of 6.9pc beats all economists estimates

Philippine GDP growth of 6.9pc beats all economists estimates

Sustained growth in exports and improvements in public spending also helped prop up the economy. Manufacturing output expanded 7.5 percent from a year earlier, while public consumption rose 8.3 percent thanks to increased pay and allowances for public employees, including the military, Pernia said.


White Woman Says She's

White Woman Says She's "Transracial" and Identifies as Filipino

Ja Du claims he realised he was born in the wrong race after learning more about Filipino life, saying that he was drawn to the country's food and traditions from an early age. At the time, she said: 'If someone feels that they feel at home with a certain religion, a certain race, a certain culture, I think that if that's who they really feel inside life is about finding out who you are.


Koch Brothers Backing Meredith's New Bid for Time Inc

Koch Brothers Backing Meredith's New Bid for Time Inc

The Kochs entertained a bid for the Tribune Company in 2013, The Times reported. Time Inc.is considering a sale to fellow publisher Meredith Corp., according to media reports . In May this year, the owner of Sports Illustrated and People announced plans to sell some magazines or other properties as it tries to push ahead with a digital strategy.


Airbus wins biggest jet order from Indigo Partners

Airbus wins biggest jet order from Indigo Partners

It was one of the industry's biggest deals by volume and the most planes ever sold by Airbus in one batch. Airbus SE is close to agreeing a blockbuster order worth more than $40 billion at list prices to sell around 400 aircraft to US -based investment fund Indigo Partners , founded by low-priced airline pioneer Bill Franke, two sources said.


Wal-Mart Stores, Inc. (WMT) receives consensus rating of 2.40

Wal-Mart Stores, Inc. (WMT) receives consensus rating of 2.40

Johnson Investment Counsel Inc acquired 112,565 shares as Wal ( WMT)'s stock rose 13.55%. Institutional ownership is usually beneficial to a stock price initially, but very high institutional ownership has several shortcomings. The company has a market capitalization of $272,104.22, a P/E ratio of 20.89, a P/E/G ratio of 3.40 and a beta of 0.34. Wal-Mart also boosted its earnings forecast for the full year.


Shock departure for planned GKN CEO

Shock departure for planned GKN CEO

GKN - which is has its headquarters in Redditch, Worcestershire - said he will "work with the rest of the executive team to develop plans to improve margins and cash flow across the group". A £15mln writedown was announced at its facility in Alabama and the company said it expects a "significant non cash-impairment charge" related to the U.S.