Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Legal & Regulatory
EU Commission conducts investigation on Belgian aid to Wallonia airports
The European commission seek to prove that the Belgian aid to Wallonia airports was illegal. The European Commission (EU) called for an investigation into the Belgian aid for several airports in the Wallonia region.
US regulator okays ICE takeover of NYSE Euronext
The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
BaFin sets deadline for sale of BHF bank to RHJI buyout consortium
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Possible rebidding of LRT-1 with revised project terms: DOTC
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Latest News
A judge approved the foremost cable systems' plan to sell their spectrum to Verizon Wireless and cross sell their individual wireless and cable plans.
Two former executives of Vitesse Semiconductor Corp pleaded guilty for inflating the earnings of the corporation and backdating stock options.
'Die Hard' star Bruce Willis' television commercial was banned from Britain's airwaves for being misleading.
Nintendo Co. won a 50% cutback of the USD30.2 million in damages awarded to Sony Corp's former worker Seijiro Tomita.
US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages. On Wednesday, a court order said US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages.
George Soros added another 2 million shares to his JC Penney portfolio while other investors exited or reduced their holdings.
Sources told Reuters if the government's anti-trust case against the AMR-US Airways merger prospers, AMR would have to go back to the drawing board and investors would suffer.
Two traders formerly employed by JP Morgan were charged by federal prosecutors relating to the bank's USD6.2 billion loss in the derivatives trade.
A labor rights group reported that the Brazilian government filed a USD108 million lawsuit against Samsung for its labor violations.
