MANILA, Philippines (3rd UPDATE) – The Supreme Court has ruled that the stake of businessman Eduardo “Danding” Cojuangco in diversifying conglomerate San Miguel Corp. was not acquired using coco levy funds.
In a 73-page decision penned by Associate Justice Lucas Bersamin, the Court en banc dismissed the petition filed by the Presidential Commission on Good Government (PCGG), seeking the reversal of the 2007 Sandiganbayan ruling, which

The Justice Department on Friday approved Google’s $700 million acquisition of a flight search software maker, but imposed conditions limiting how Google could use the company’s technology, potentially opening the door to broader antitrust scrutiny of the search giant’s activities.
After an intensive, eight-month investigation, regulators decided that Google could complete the acquisition of ITA Software, which will let Google build flight search tools. But they

Virgin Atlantic founder Richard Branson has confirmed the airline is seeking a merger partner, ending months of speculation.
Earlier this year Branson appointed Deutsche Bank AG to assess options for the 51 per cent stake his Virgin Group holds in the airline.
Singapore Airlines holds the remaining share of the airline.
While it is now likely Branson will sell down his share, he will remained involved.
“I will certainly

It seems that the once peaceful and collaborative relationship between Apple and Amazon may be coming to an end. In March, the two companies got caught up in a legal exchange over the Apple’s “app store” trademark. Apparently the term “App store” was trademarked by Apple after the launch of the iPhone 3G.
However, now it seems that Amazon may be punching back in a much

CHANDLER, Ariz. — Few people get to step inside a fabrication laboratory, yet here I am in Fab 32 — clad in a bunny suit, looking like an astronaut — shuffling through Intel’s $3.5 billion chipmaking facility in the desert.
It’s an impressive facility, with multimillion-dollar machines book-ended, side by side, in a glitzy assembly line to convert silicon wafers into microprocessors. Devices with names such

MANILA, Philippines – The Philippine Deposit Insurance Corp. (PDIC) yesterday revealed that about 60% of the total deposits in the closed Banco Filipino Savings and Mortgage Bank are covered by the mandatory insurance of P500,000 per depositor.
PDIC executive vice president Cristina Orbeta said in a press conference that the government-owned insurer would pay P9.4 billion worth of deposit claims of Banco Filipino out of its

THRIFT BANK Banco Filipino Savings and Mortgage Bank (Banco Filipino) remained unable to service its clients yesterday, with a senior official again blaming an alleged smear campaign for the bank’s woes.
Financial executives called for an immediate resolution of the issue, saying claims that politicking was involved could spread depositor panic to the rest of the banking system.
“There should be no political considerations on issues such

The product of a merger heralded as unprecedented in size and scale in the Philippine banking industry, Banco De Oro Unibank (BDO) today represents a firm consolidation of distinct strengths and advantages built over the years by the entities behind its history. BDO is an institution that honors its past, continues to improve on its present, and moves towards the future with confidence and strength.
BDO’s

Pizza Hut, home to the country’s Pinaka – pizza, was started in 1958 by two enterprising college students, Frank & Dan Carney, in their hometown in Wichita, Kansas. Since then it has become the largest & most popular pizza chain with over 12,000 restaurants in 90 countries around the globe in 2004.
Pizza Hut is now more than just a pizza place. It offers a

BPI, also known as Bank of the Philippine Islands, is a popular banking institution in the Philippines. With the advent of technology and high demand for its services, the company created an official website at BPIExpressOnline.com. It provides almost all of the information needed by new and old customers.
BPI’s History
Philippine banking has a long and colorful history. It began in 1828 when, as the Philippines