Corporate
Elon Musk asks court to reject SEC’s bid to make him testify in Twitter probe
Elon Musk asked a federal judge on Thursday not to force him to testify in the U.S. Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter.
China iPhone sales strong, Apple tells investors as Huawei threat looms
Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers.
Aboitiz Equity 9-month earnings drop 16% on lower one-off gains
Aboitiz Equity Ventures Inc. said Tuesday net income dropped 16 percent year-on-year to P18 billion in the first nine months as non-recurring gains dropped significantly this year.
DMCI Holdings earnings plunge on normalizing coal, nickel price
Normalizing coal and nickel prices undermined earnings of DMCI Holdings Inc., sending the nine-month net income of the diversified engineering conglomerate down 28 percent to P20 billion from P27.6 billion in the year-earlier period.
AyalaLand Logistics 9-month net profit takes hit from weak industrial lot sales
AyalaLand Logistics Holdings Corp. said Tuesday net income in the nine months to September plunged 37 percent from the year-earlier period, hurt by lower revenue from industrial lot sales of Ayala Land Inc.’s industrial estate developer and softer demand for leasing of warehouse and commercial spaces.
