Net sales where is it in financial statements

Metro Pacific Investments Corp chair and president Manuel V. Pangilinan and Solar Philippines founder and CEO Leandro Leviste shake hands after signing the share purchase agreement. MANILA  -Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. is buying into businessman Leandro Leviste’s SP New Energy Corp., announcing on Tuesday  the infusion of a P2-billion investment in the company plus an option that could make it the solar energy startup’s single largest shareholder. In a stock exchange filing on Tuesday, Metro Pacific said it signed definitive agreements to acquire 1.6 billion common shares or a 16 -percent stake in SP New Energy, which is aggressively raising money to bankroll an ambitious pipeline of solar power projects. Solar Philippines aims to build world’s largest solar farm Pangilinan will also replace Leviste, son of Sen. Loren Legarda, as chair of SP New Energy. Leviste will remain president and CEO of the company. “Our thrust of pursuing … [Read more...] about Metro Pacific invests P2B in Leandro Leviste’s solar power firm

The Richard Rodgers Theatre is seen on June 6, 2019 located on 226 West 46th Street where “Hamilton”, one of Broadway’s biggest hits, is playing in New York. Photo by TIMOTHY A. CLARY / AFP) NEW YORK — After triumphing on Broadway, the lower 48 states and London’s West End, “Hamilton” is eyeing its first non-English production as well as tours throughout Europe and Asia. The much-decorated musical, currently being staged nightly in London and New York as well as four other US cities, last month announced plans to launch in Sydney in early 2021 in a production expected to tour Australia before going to Asia, its producer said in an interview. The “Hamilton” team is also working with a German hip-hop artist and playwright to develop a German-language version of the work. The show, which is performed by a mostly non-white cast and mixes pulsating rap numbers with ballads and traditional musical numbers, has been credited with invigorating Broadway, thrilling audiences of … [Read more...] about After conquering Broadway, ‘Hamilton’ eyes global tour

Key Takeaways Carnival Corporation ( CCL ) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year. For 2023, the company predicts a loss of $0.28 to $0.44 per share, at least four times more than forecasts. That came as Carnival posted better-than-expected first quarter results and record bookings. Revenue was up 173.1% to $4.43 billion, and was about 95% of the level in 2019, prior to the COVID-19 outbreak which basically shut down its operations. Carnival Corporation ( CCL ) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year. Carnival indicated it would lose $0.34 to $0.42 per share in the second quarter. Analysts were anticipating a drop of $0.28. For 2023, the company predicts a loss of $0.28 to $0.44 per share, at least four times more than … [Read more...] about Carnival Guidance Sinks Shares

It’s no surprise that working from home has been popular for many workers, but it hasn’t been a win for every profession across the board. Glassdoor recently surveyed workers to determine how important remote work was to them as a benefit, and how employees across various levels of seniority and various occupations view their experiences working from home. In general, the survey found that the ability to work from home was among the top three benefits for more than two-thirds (68%) of the respondents. Remote work was only a few percentage points behind vacation and paid time off in popularity, which 71% of respondents found important, and health insurance, which was a top-three benefit for 69% of respondents. Working from home—or WFH for short—has particularly been a hit with a few specific professions, according to the Glassdoor survey. Here are the top 10 professions, ranked by how satisfied employees were with working from home: Social Worker Customer … [Read more...] about Tired of the office? These jobs have the happiest remote workers right now

Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports

Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse

HONG KONG  -Asian and European markets traded higher on Tuesday, as fears of a banking crisis eased thanks to the sale of fallen lender Silicon Valley Bank. News that North Carolina-based First Citizens Bank had agreed to take over most of SVB boosted European stocks and Wall Street on Monday. The gains were led by banking shares, following a rout last week over concerns that the turmoil in the sector could hit other major institutions, such as German giant Deutsche Bank. Hong Kong and Tokyo closed higher, while Sydney, Singapore and Seoul also gained. Shanghai was down, however. European equities were also higher in early trade, with London, Frankfurt and Paris all in positive territory. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had “helped set a positive tone” in global markets. SVB deal helps to steady banks amid credit crunch concerns “Together with the absence of new scare stories over … [Read more...] about Asian, European markets rise as banking crisis fears ease

JOHANNESBURG  -China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt and Road” infrastructure, a study published on Tuesday showed. Almost 80 percent of the lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy. China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial dividends. “Beijing is ultimately trying to rescue its own banks. That’s why it has gotten into the risky business of international bailout lending,” said Carmen Reinhart, a former World Bank chief economist and one of the study’s authors. Chinese loans to … [Read more...] about China spent $240B bailing out ‘Belt and Road’ countries, study shows

Alibaba Group Holding Ltd is planning to split its business into six main units covering e-commerce, media and the cloud, the company said on Tuesday, adding that each of the units will explore fundraising or initial public offerings. U.S.-listed shares of Alibaba rose 3.5 percent in trading before the bell. The six units will include Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group. Each of the six will be managed by its own CEO and board of directors. Daniel Zhang will continue to serve as chairman and CEO of Alibaba Group, which will follow a holding company management model, the company said in a statement. Zhang will also serve as CEO of Cloud Intelligence Group, as previously announced. Your subscription could not be saved. Please try again. Your subscription has been successful. … [Read more...] about Alibaba to split into six units, explore IPOs

(From left) Mela Habijan, Klea Pineda. Images: Instagram/@missmelahabijan, Instagram/@kleapineda Activist and Miss Trans Global 2020 Mela Habijan is fully supportive of Klea Pineda, who came out as gay on her 24th birthday and went public with her romance with girlfriend Katrice Kierulf. In an interview with INQUIRER.net during a recognition dinner with Cosmopolitan Philippines magazine, Habijan said Pineda being open about her sexuality is a “beautiful” way of “owning” her identity and the love that she deserves. “I am happy that she came out because we need those coming out stories. Sabi nila, ‘Sana dumating tayo sa pagkakataon na hindi kailangang mag-come out and that’s the dream.’ But because our story in terms of the queer narrative will always be in that sense of erasure, kailangan talagang mag-come out,” she said. Habijan also noted that Pineda’s decision to open up about her romance with Kierulf is “important” for the LGBTQ community, saying that it empowers queer … [Read more...] about Mela Habijan on Klea Pineda’s coming out: ‘She owned her identity and the love she deserves’