Profits of listed firms dip 10% in 9 months

MANILA, Philippines - Publicly listed firms in the Philippines saw their combined profits drop 10 percent to P308.86 billion in the nine months through September, dragged down by industrial, services and holding-firm sectors and higher input costs, the Philippine Stock Exchange (PSE) said in a statement. Revenues, on the other hand, rose 15.4 percent to P2.78 trillion, led by financial, property and mining firms, highlighting continued growth. “While it’s good to note that revenues of Read more [...]

Italian immigrant John Gandolfo found his fortune in Yuma

John Gandolfo was a Yuma businessman who operated steamships on the Colorado River, hauled freight from Yuma to Needles, and accumulated extensive real estate holdings, including hotels and business properties.Gandolfo, born in Genoa, Italy, in November 1846, immigrated to California with his parents in 1866. He came to Yuma in 1876 “to seek his fortune,” according to a 1974 history written by a friend of the family, Ben Levy.To reach Arizona, he traveled Read more [...]

The Eighth Maker hot Christmas tip

The Eighth Maker is a attempting back-to-back successes in Listed company in the Christmas Handicap at Morphettville toda. Source: Sunday Mail (SA) TALENTED galloper The Eighth Maker is searching for back-to-back Listed success in today's Christmas Handicap (1400m) at Morphettville. The Lloyd Kennewell-prepared gelding has been in remarkable form this campaign Read more [...]

For sale – 18000 unwanted Christmas presents

AFTER sleeping off the excesses of Christmas lunch, Kiwis seem to have wasted little time in getting rid of their unwanted gifts. Presents that failed to hit the mark have flooded online auction site Trade Me, with more than 18,000 already listed.Don't think you'll find only the usual suspects of juicers, popcorn-makers, jewellery, DVDs and linen. There is the unusual and downright unique, too.Spare a thought for the husband who must have thought that he Read more [...]

India to be among most favourable listing destinations by 2025

NEW DELHI: The future of equity capital markets is shifting towards the East and in 15 years time, India is likely to be among the most favourable listing destinations for foreign companies, says a report. According to PricewaterhouseCoopers 'Capital Markets in 2025' report, that covered 400 senior managers at companies from across the globe, developing Asia is emerging as the most popular region for future listings. Nearly 80 per cent of respondents covered by the study believe China will be Read more [...]

Internet scams trick vacationers with fake rentals

(AP)  FORT LAUDERDALE, Florida — A family from Suriname was the first of a string of guests to arrive at Steve Chase's million-dollar South Florida home expecting a vacation — only, Chase didn't invite any of them.All had paid thousands of dollars and had rental contracts for the Fort Lauderdale house. They were the victims of a growing number of scams that post occupied homes as available on vacation rental websites."I said, 'I hate to say it to you, but this house is not for rent. You've Read more [...]

Listed firms’ net profit down 10% in 9 months

The combined net profit of the country’s publicly listed companies dropped 10.1 percent in the first nine months of the year compared with the cumulative level a year ago, reflecting the slower-than-expected domestic economic growth this year. The Philippine Stock Exchange, in a recent study, reported that the cumulative net profit booked by listed companies declined to P308.86 billion from P343.59 billion a year ago. This was attributed mainly to lower net profits recorded by the industrial, services Read more [...]

Top Oversold US-Listed Chinese Stocks for the Week Ended Dec 25, 2011

AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) is the most oversold U.S.-listed Chinese stock for the week. It was down 22.5% in the week. ASIA's upside potential is 128.9% based on brokerage analysts' average target price of $17.33. It is trading at 33.0% of its 52-week high of $22.91, and 21.9% above its 52-week low of $6.21. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) is the second most oversold U.S.-listed Chinese stock for the week. It was down 19.1% in the week. YGE's upside potential Read more [...]