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Nissan confirms profit plunge as job cuts reported

Jul 24, 2019 - 6:15 PM

A day before it announces first quarter results, Nissan confirms that it will report a plunge in operating profit, but declines comment on news it plans to cut thousands of jobs

NISSAN. This file photo shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. File photo by Kazuhiro Nogi/AFP

American Airlines says Boeing 737 MAX grounding hit Q2 profits by $185M

Jul 10, 2019 - 11:21 PM

American Airlines, which has 24 of the MAX planes in its portfolio, have previously estimated that the grounding will hit 2019 earnings by $350 million

AMERICAN AIRLINES. A Boeing 737 flown by American Airlines takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, on March 11, 2019. File photo by Andrew Caballero-Reynolds/AFP

'Chilling effect': Groups slam new SEC guidelines for nonprofits

Feb 09, 2019 - 6:48 PM

'While the provisions of this memorandum circular are seemingly neutral, we know very well that these types of regulation are in actuality...directed for political and religious outliers,' says Pacifico Agabin, former dean of the UP College of Law

Samsung Electronics flags near-30% slump in Q4 operating profit

Jan 08, 2019 - 4:46 PM

Operating profit during the October to December period is expected to be around 10.8 trillion won ($9.8 billion), down 28.7% from a year earlier, Samsung says in an earnings estimate

SAMSUNG ELECTRONICS. The logo of Samsung Electronics is displayed outside a company's building in Seoul on March 24, 2017. File photo by Jung Yeon-Je/AFP

Hong Kong nonprofit raises $2M for Philippines' poorest

Nov 03, 2018 - 7:30 AM

International Care Ministries raised millions of dollars for impoverished communities in the Philippines during its 2018 Stepping Free from Poverty banquet

BIDDING. Professional auctioneer Joff van Reenen coaxing one of the guests to bid more for the VP dinner. Photo courtesy of Daisy C.L Mandap

Samsung Electronics posts record in Q3 despite smartphone struggles

Oct 31, 2018 - 10:48 AM

Samsung recovers from a series of setbacks, including a humiliating recall and the jailing of its de facto chief, to post a series of record-breaking numbers

Facebook shares go on rollercoaster ride in latest quarterly profit

Oct 31, 2018 - 7:49 AM

(UPDATED) Facebook shares jump, dive and then rise again before staying on higher ground, up 3.2% to $150.90, on the Nasdaq early in the evening in New York.

FACEBOOK. The "Facebook" logo is pictured on the sidelines of a press preview of the so-called "Facebook Innovation Hub" in Berlin on February 24, 2016. File photo by Tobias Schwarz/AFP

Marian Rivera brings smiles to kids on 34th birthday

Aug 11, 2018 - 7:42 PM

For her 34th birthday, the 'Primetime Queen' gives back

Samsung Electronics posts $9.9-B Q2 net profit, down 0.1%

Jul 31, 2018 - 11:40 AM

Slower global sales of premium smartphones this year are partly to blame for dip

GALAXY S9. The physical design of the S9 didn't change much from the S8. Screenshot from Rappler video


Facebook shares hammered as outlook clouded

Jul 26, 2018 - 6:51 AM

Controversies catch up to Facebook in Q2 2018, but CEO Mark Zuckerberg says that the dip in profitability is just a temporary effect of their big security investments

FB DOWN. This illustration picture taken on April 19, 2018 in Paris shows the tablet and smartphone app for Facebook. File photo by Lionel Bonaventure/AFP


Twitter posts second straight profitable quarter after years in the red

Apr 26, 2018 - 10:39 AM

The one-to-many social platform gains momentum with strong Q1 2018 earnings

MAKING NOISE. The Twitter logo appears outside the New York Stock Exchange (NYSE) in this file photo. The once heavily beleaguered social network posts strong growth for the second straight quarter. Photo by Andrew Burton/AFP


Samsung Electronics flags record $14.7-B Q1 operating profit

Apr 06, 2018 - 12:51 PM

This marks the fourth straight quarter in which the South Korean tech firm has beaten its record operating profit

NOTE 8. Samsung keeps the momentum with great flagship devices such as this one, complemented by an entire range of entry-level to midrange units. Photo by Nappy Manegdeg/Rappler


Duterte on dictatorship, ICC on war on drugs, Twitter records profits | Midday wRap

Feb 09, 2018 - 1:10 PM

Watch the midday newscast with Mara Cepeda

Twitter reports first-ever profit, boosting shares

Feb 08, 2018 - 8:48 PM

(UPDATED) Twitter says it earned $91 million in the fourth quarter, the first positive net income since going public in 2013

PROFIT. The Twitter logo is seen on a sign at the company's headquarters in San Francisco, California on November 4, 2016. File photo by Josh Edelson/AFP

Sony profits soar more than tenfold, forecast revised up

Feb 02, 2018 - 5:18 PM

With its financial health back on track after years of deep losses, Sony says its chief executive Kazuo Hirai would step down after overseeing a successful overhaul

SONY. This picture shows the logo of Japan's Sony Corp. displayed in a window of the company's showroom in Tokyo on February 2, 2018.  Photo by Kazuhiro Nogi/AFP

Facebook Q3 profits at $4.7B amid Russian controversy

Nov 02, 2017 - 11:09 AM

The leading social network says profits for the the third quarter of 2017 make a jump of 79% from the same period a year earlier.

GAINS. Mark Zuckerberg's company continues to grow, but in a Facebook post, the CEO proclaimed that fixing security issues and information operations on the platform are their priority now even if it means their bottomline takes a hit. Photo by Justin Sullivan/AFP


Facebook profit hits $3.9-B as it reaches 2 billion users

Jul 27, 2017 - 12:13 PM

Q2 2017 net profits leap 71 from a year ago propelled by ads served on mobile devices


Microsoft profit rises on shift to cloud computing

Jul 21, 2017 - 3:37 PM

The quarterly profit figure of 6 5 B topped Wall Street expectations while the revenue was roughly in line


Why development work is more than just the numbers

Jul 16, 2017 - 9:00 AM

Development and aid workers should realize that in our effort to provide solutions to poverty we always give face to these numbers

Global non-profit names Fil-Am blogger 'Mother of the Year'

May 28, 2017 - 12:35 AM

Cindy Crawford Pierce Brosnan Milla Jovovich and other stars pay homage to the gifts of love and friendship that mothers give to their children at the Best Buddies International s Mother s Day event

Amazon records $749-M net income for final quarter of 2016

Feb 03, 2017 - 1:34 PM

The retail giant s profits grow compared to 482 M year over year but misses revenue expectations

AMAZON. A picture taken on December 28, 2016 in Vertou, western France, shows the logo of US electronic commerce and cloud computing company Amazon. Photo by Loic Venance/AFP

Cloud boosts Microsoft as it absorbs LinkedIn

Jan 27, 2017 - 2:48 PM

The US tech giant s cloud services and productivity suites drive profit in latest earnings reports

MICROSOFT. Photo by Jason Redmond/AFP

Profits fall again at South Korea's LG Electronics

Jan 25, 2017 - 4:17 PM

LG Electronics makes a net loss of 258 8 billion won 224 million in the October December period

LG ELECTRONICS. Attendees walk through the LG booth at CES 2016 at the Las Vegas Convention Center on January 6, 2016 in Las Vegas, Nevada. File photo by David Becker/Getty Images/AFP

Facebook quarterly profit soars, lifted by mobile ads

Nov 03, 2016 - 10:40 AM

Profits leap for the social network as number of users mobile ad revenue and amount of user generated videos grow

Dick Gordon, Leila de Lima, Severe Tropical Storm Karen | 6PM wRap

Oct 14, 2016 - 8:54 PM

Watch the 6PM wRap with Camille Elemia

Samsung sees further $3B profit hit from Note7 crisis

Oct 14, 2016 - 11:25 AM

The electronics giant hopes sales of other flagship models such as the Galaxy S7 and Galaxy S7 edge will help cushion the impact

A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. Samsung Electronics slashed its third-quarter profit estimate by 33.3 percent, citing fallout from the recall nightmare surrounding its scrapped Galaxy Note 7 smartphone. / AFP PHOTO / Ed Jones

Airlines to post record $40B profit in 2016 – IATA

Sep 22, 2016 - 11:55 PM

The International Air Transport Association also urges Southeast Asian countries to invest in airports and air traffic control systems as passenger numbers rise

A Cathay Pacific passenger plane takes off from the international airport in Hong Kong on August 17, 2016. Hong Kong flag carrier Cathay Pacific on August 17 said first-half profit dropped 82 percent from a year earlier, as a Chinese economic slowdown weighs in and the airline faces increasing competition from peers. / AFP PHOTO / Anthony WALLACE

Australian carrier Qantas soars to record profits

Aug 24, 2016 - 11:30 PM

Qantas reports a net annual profit of Aus 1 42 billion US 1 08 billion in the year to June 30

Qantas Chief Executive Officer Alan Joyce announces the airlines annual results in Sydney on August 24, 2016.  Australian national carrier Qantas soared to a record annual net profit of 1.08 billion USD in the year to June 30 and announced a first payout to shareholders in seven years in a strong turnaround after major restructuring. / AFP PHOTO / PETER PARKS

Profit plunges for Malaysia's Petronas on low oil prices

Aug 22, 2016 - 11:05 PM

Petronas reports a net profit of 402 million for the second quarter of 2016 an 85 drop

epa05190482 Malaysia's Petronas Twin Towers rise behind a Petronas logo at a gas station in Kuala Lumpur, Malaysia, 02 March 2016. Petronas is cutting as many as 1,000 jobs as it reorganises its businesses and trims the fat to counter a slump in the price of crude oil. EPA/FAZRY ISMAIL

Nestle posts sluggish first half profits

Aug 18, 2016 - 11:55 PM

But the world s largest food company is optimistic it will see better performance in the second half of 2016

epa05247866 Nestle CEO Paul Bulcke speaks during the general meeting of Nestle Group in Lausanne, Switzerland, 07 April 2016. The world's biggest food and beverage company holds its 149th annual general meeting. EPA/LAURENT GILLIERON

Cathay Pacific H1 profit drops amid China slowdown

Aug 17, 2016 - 11:10 PM

The airline s net profit for the first 6 months of the year slides 82 to HK 353 million 45 52 million

epa05492249 A Cathay Pacific cargo plane takes off from Hong Kong International Airport in Hong Kong, China,17 August 2016. Cathay Pacific's first-half net profit declined by 82.1 per cent, hurt by fewer tourist arrivals, cut backs in corporate travel and intense competition from mainland Chinese airlines. Cathay?s cargo-carrying business yield fell 17.6 per cent, while the cargo traffic declined 2.3 per cent. EPA/JEROME FAVRE

Macau gaming slump weighs on Australia's Crown

Aug 17, 2016 - 9:30 PM

Crown Resorts is affected by softening demand in Macau which was triggered by China s corruption crackdown

Siemens hikes profit forecast but warns of global risks

Aug 04, 2016 - 10:45 PM

Chief executive Joe Kaeser says Siemens delivered excellent performance especially with regard to growth in an increasingly difficult market environment

epa05203010 (FILE) A file photo dated 07 March 2015 showing parts of Siemens administration building reflected in the lettering 'Siemens' in Berlin,†Germany. German engineering giant Siemens announced plans on 09 March 2009 to cut about 2,500 jobs worldwide in its industrial processing operations amid a slump in demand and falling commodity prices. The bulk of the job cuts are expected to fall in Germany where about 2,000 jobs could be hit by the move. The group also pointed to intense competitiveness in the oil and gas as well as the metal and mining sectors as resulting in a need to restructure part of its industrial workforce. EPA/PAUL†ZINKEN

Toyota dented by yen rally, North American sales drop

Aug 04, 2016 - 10:00 PM

The world s biggest automaker also cuts its full year profit and sales forecasts for 2016

epa05454437 A Toyota logo is seen on the back of a vehicle on display at the company's showroom in Tokyo, Japan, 04 August 2016. The Japanese auto maker Toyota Motor Corp. reported a consolidated net revenue total of 6.58 trillion yen (around 64.8 billion US dollars), a drop by 5.7 percent. Operating income declined to 642.2 billion yen (around 6.32 billion US dollars) compared with 756.0 billion yen (around 7.45 billion US dollars) in the previous period. Net income dropped to 552.4 billion yen (around 5.44 billion US dollars) compared to 646.3 billion yen (around 6.36 billion US dollars) and operating income decreased by 113.7 billion yen (around 1.12 billion US dollars). EPA/CHRISTOPHER JUE

HSBC profits plunge as Brexit uncertainty bites

Aug 03, 2016 - 10:05 PM

The bank s earnings after tax drop 40 to 2 61 billion in the second quarter of 2016

epa05202261 The Hong Kong and Shanghai Banking Corporation's (HSBC) logo on the side of the HSBC building in the financial district of Singapore, 09 March 2016. EPA/WALLACE WOON

Pfizer earnings top estimates on higher sales

Aug 03, 2016 - 3:20 PM

Breast cancer drug Ibrance blood clot drug Eliquis and pain reliever Lyrica help boost the company s performance

BMW powers through second quarter towards record year

Aug 02, 2016 - 10:45 PM

The German carmaker makes 2 2 billion of profit from April to June 2016

Visitors walk among German BMW cars on display at an auto show in Hanoi on May 7, 2016. / AFP PHOTO / HOANG DINH NAM

Honda profit dented even as airbag crisis impact fades

Aug 02, 2016 - 8:05 PM

The Japanese carmaker s net profit slides 6 1 to 1 7 billion in the second quarter of 2016

epa05142855 Honda logo seen at the Indian Auto Expo 2016 in Greater Noida, Uttar Pradesh, outskirts of New Delhi, India, 04 February 2016. Reports state over 80 new products will be launched at the Auto expo. EPA/RAJAT GUPTA

LG Electronics posts 18.6% increase in Q2 profit

Jul 28, 2016 - 11:15 PM

The South Korean firm s net profit for the second quarter of 2016 hits 238 5 million thanks to home appliances and TVs

STRONG SALES. Models display the G6, LG Electronics (LG)'s flagship 4K HDR-enabled, 77-inch OLED TV, at a press conference on CES Press Day, in Las Vegas, Nevada on January 5, 2016. File photo by Robyn Beck/AFP

Adidas lifts profit forecast for 3rd time running

Jul 28, 2016 - 10:15 PM

The company raises its forecast for 2016 after seeing soaring net profit for the second quarter of the year

epa05289200 (FILE) A file photo dated 06 May 2010 showingn the adidas logo seen on garments in Fuerth, Germany. German Sports goods producer adidas will publish their first quarter 2016 results on 04 May 2016. EPA/DANIEL KARMANN

Volkswagen net profit falls 57% in second quarter

Jul 28, 2016 - 9:15 PM

The carmaker s earnings in the second quarter of 2016 are weighed down by costs related to the diesel emissions cheating scandal

epa05442177 (FILE) A file dated 21 April 2016 shows a Volkswagen logo on a car in the lot of a VW dealership in Alexandria, Virginia, USA. According to news reports on 26 July 2016, a US federal judge gives preliminary approval to a 15 billion US dollar settlement over Volkswagen's emissions cheating scandal in a deal that includes an option for owners to have the carmaker buy back their vehicles. VW admited on 2015 that it had cheated on its US exhaust tests. EPA/MICHAEL REYNOLDS

Shell net profit tumbles on low oil prices

Jul 28, 2016 - 7:35 PM

Lower oil prices continue to be a significant challenge across the business particularly in the upstream says Royal Dutch Shell CEO Ben van Beurden

epa05113059 (FILE) A file photo dated 30 July 2015 showing a company flag flying infront of the head office of Royal Dutch Shell in The Hague, The Netherlands. Royal Dutch Shell plc on 20 January 2016 reported a sharp fall in profits for the last quarter of 2015 as low oil prices hit earnings and the company restructured to reduce costs. Shell said it expected fourth-quarter earnings to be between 1.6 billion and 1.9 billion dollars, down from 4.2 billion dollars in the fourth quarter of 2014. Full-year earnings, including the impact of lower prices on the company's oil inventory, are expected to total 10.4 billion to 10.7 billion dollars, about 45 per cent lower than the 19 billion dollars reported in 2014. EPA/JERRY LAMPEN

Smartphone sales drive Samsung Q2 profit

Jul 28, 2016 - 6:35 PM

Samsung s net profit for the second quarter of 2016 rises to 5 2 billion thanks to its Galaxy S7 and S7 Edge phones

epa05193453 A model holds a Samsung Galaxy S7 edge smartphone during a pre promotional show in Taipei, Taiwan, 04 March 2016. According to news reports, Samsung Electronics Co. sold the most smartphones followed by Apple Inc., Asustek Computers Inc. and HTC Corporation from around 728,000 total smartphone sales in Taiwan by January 2016. EPA/RITCHIE B. TONGO

Weak profits may prod Deutsche Bank to speed up restructuring

Jul 28, 2016 - 3:30 PM

If the current weak economic environment persists we will need to be yet more ambitious in the timing and intensity of our restructuring says CEO John Cryan

epa05115695 A cash register sign can be seen near Deutsche Bank headquarters in Frankfurt am Main,†Germany, 21 January 2016. Deutsche Bank, Germany's largest lender, will likely report a net loss of about 6.7 billion euros (7.3 billion dollars) for 2015, largely due to restructuring charges and money set aside to cover legal costs. Full-year revenue for 2015 will likely be around 33.5 billion euros, the bank said in a statement 20 January 2016. EPA/ARNE DEDERT

Falling international sales continue to dog Coca-Cola

Jul 28, 2016 - 1:30 PM

The company says its bottom line was affected by the strong dollar s impact on earnings from countries with weak currencies

epa04687363 Indonesian workers stand near the Coca-Cola products in the Coca Cola Amatil Indonesia (CCAI) Cikekodan Plant in Bekasi, West Java, Indonesia, 31 March 2015. According to reports, the company will build a new plant in Cikedokan with planned investments worth 500 million US dollars to accelerate growth in Indonesian market in the next three to four years. EPA/BAGUS INDAHONO

Huge quarter for Facebook lifts shares

Jul 28, 2016 - 1:00 PM

The social network s net profit for the second quarter of 2016 jumps 186 while the number of its monthly active users hits 1 7 billion

Facebook CEO Mark Zuckerberg speaks at the F8 summit in San Francisco, California, on March 25, 2015. Zuckerberg introduced a new messenger platform at the event. AFP PHOTO/JOSH EDELSON / AFP PHOTO / Josh Edelson

Boeing reports $234M loss after unexpected costs

Jul 28, 2016 - 12:50 AM

These costs include higher expenses for the KC 46 tanker program and for building the Boeing 787 Dreamliner

epa05363313 A man walks past a logo of multinational Aircraft manufacturing company Boeing at Taoyuan airport, in Taoyuan, Taiwan, 14 June 2016. EPA/RITCHIE B. TONGO

Airbus profit lifted by exceptionals

Jul 28, 2016 - 12:30 AM

Orders slide by 27 but the plane manufacturer cites brisk sales at this month s Farnborough Airshow

epa05422053 An Airbus A380 is seen at the Farnborough International Airshow in Farnborough, Britain, 12 July 2016. The Farnborough International Air Show runs from11-17 July. EPA/HANNAH MCKAY

Japan's Nintendo logs over $234M loss despite Pokemon Go

Jul 27, 2016 - 11:45 PM

The company records a big loss for the fiscal first quarter with the period too early to include any rise from Pokemon Go

epa05443301 A statue of Nintendo Co.'s video game character Super Mario stands at the company's showroom in Tokyo, Japan, 27 July 2016. Nintendo Co. reported a fiscal first quarter loss of 24.53 billion yen (232.1 million US dollars) in spite of the global success of the Pokemon Go game, which the company holds a 32 percent stake in Pokemon Co. who jointly developed the augmented-reality game with Niantic Inc. EPA/KIYOSHI OTA

Nissan profit skids on yen rally

Jul 27, 2016 - 10:15 PM

The Japanese automaker s net profit for the second quarter of 2016 drops nearly 11

epa05443287 Nissan Motor Co.'s Note vehicle is displayed at the company's global headquarters showroom in Yokohama, south of Tokyo, Japan, 27 July 2016. Nissan Motor Co. reported its group net profit of 136.38 billion yen (1.3 billion US dollars) in the April-June quarter, falling 10.7 percent, down from 152.80 billion yen a year earlier. EPA/KIYOSHI OTA