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GameStop Launches $56-B Bid to Acquire eBay
GameStop has proposed acquiring eBay in a deal valued at approximately $56 billion.

By The Financial District
May 51 min read


ICTSI Q1 Profit Jumps 23% as New Terminals Drive Growth
International Container Terminal Services, Inc. (ICTSI) reported unaudited consolidated financial results for the quarter ended March 31, 2026, posting strong growth driven by higher volumes and contributions from new terminal operations.

By The Financial District
May 42 min read


Megaworld Q1 Profit Rises 6% to ₱6.2-B on Strong Leasing, Hotel Growth
Megaworld Corporation reported a 6% increase in net income to ₱6.2 billion in the first quarter of 2026, up from ₱5.8 billion a year earlier.

By The Financial District
May 42 min read


Musk Says "Most" Cryptocurrencies are Scams in Court Testimony
Elon Musk’s relationship with OpenAI has long been strained, and recent court testimony suggests his views on cryptocurrency have also shifted.

By The Financial District
May 41 min read


Apple Beats Q2 Estimates as iPhone Sales, China Demand Surge
Apple has reported second-quarter earnings, beating analysts’ expectations on both revenue and profit, driven by strong iPhone sales and demand in China.

By The Financial District
May 41 min read


Megawide Construction Corp. to Help Modernize Philippine Agricultural Infrastructure
Megawide Construction Corp. will leverage advanced and innovative technologies to help modernize agricultural infrastructure across the Philippines.

By The Financial District
May 42 min read


Claude AI Agent Deletes Company Database in Nine Seconds
An AI agent powered by Anthropic’s Claude model reportedly deleted a company’s entire production database, leaving customers unable to access critical data.

By The Financial District
May 41 min read


Spirit Airlines Shuts Down After 34 Years
Spirit Airlines, a disruptive low-cost carrier known for its bold advertising and ultra-cheap fares, has announced that it has ceased operations after 34 years.

By The Financial District
May 31 min read


Japan Airlines Trials Humanoid Robots to Ease Labor Shortage
Japan Airlines will begin testing humanoid robots for ground handling tasks at Haneda Airport starting May, in a two-year trial aimed at easing workforce strain.

By The Financial District
May 11 min read


DoubleDragon’s Hotel101 Madrid Sees Strong Bookings After Launch
DoubleDragon Corporation’s subsidiary, Hotel101 Global, reported strong early booking performance and high occupancy at its 680-room Hotel101 Madrid, its first operational international property, which opened in March 2026.

By The Financial District
May 12 min read


BP Profits Surge as Oil Prices Climb on Supply Fears
BP reported that profits more than doubled in the first quarter, driven by higher oil prices and strong trading performance.

By The Financial District
Apr 301 min read


SM Investments Declares ₱17 Cash Dividend per Share
SM Investments Corporation (SM) announced a 31% increase in its cash dividend to ₱17 per share, up from ₱13 in 2025, reflecting the group’s strong cash generation while continuing to invest for long-term growth.

By The Financial District
Apr 302 min read


Ilocos Norte Launches First LGU-Led Solar Rooftop Program
The Provincial Government of Ilocos Norte, in partnership with ACEN Corporation and GCash, has launched the Ilocos Norte Solar Rooftop Campaign—the first local government-led initiative in the Philippines designed to enable households to adopt solar energy through accessible financing and net metering.

By The Financial District
Apr 302 min read


SM Prime Earnings Flat at ₱11.7-B as Recurring Income Offsets Weak Sales
SM Prime Holdings reported first-quarter net income of ₱11.66 billion, largely flat compared to ₱11.65 billion a year earlier, as rising costs offset modest revenue growth.

By The Financial District
Apr 292 min read


Philippine Airlines Posts Strong Q1 Growth Amid Rising Costs
Philippine Airlines (PAL) reported solid first-quarter 2026 results, with net income rising 2.6% year-on-year to US$78.55 million and total revenues increasing 9.7% to US$895.70 million.

By The Financial District
Apr 292 min read


Oracle, AMD, CoreWeave Stocks Fall on Weak OpenAI Outlook
Shares of Oracle Corporation, Advanced Micro Devices, and CoreWeave declined in premarket trading, with Oracle and CoreWeave dropping 7% and 8%, respectively.

By The Financial District
Apr 291 min read


DeepSeek’s New AI Model Fails to Excite Markets
Market reaction to DeepSeek’s preview of its next-generation artificial intelligence (AI) model has so far been subdued, compared with the Chinese startup’s outsized global breakthrough last year following the launch of its low-cost AI models.

By The Financial District
Apr 291 min read


China Blocks Meta’s $2 Billion Acquisition of AI Firm Manus
China has decided to block Meta Platforms Inc.’s $2 billion acquisition of agentic AI startup Manus.

By The Financial District
Apr 291 min read


Chinese Glass Manufacturer to Shut Down U.S. Plants Due to Tariffs
As one of the world’s largest automotive glass producers—and the subject of the Oscar-winning documentary American Factory—Fuyao Glass is a familiar name in the US.

By The Financial District
Apr 291 min read


Denso May Drop Bid to Acquire Chipmaker Rohm
Japanese auto parts giant Denso Corporation is reconsidering its plan to acquire semiconductor firm Rohm Co., with the possibility of withdrawing its bid, according to a report by Kyodo News. Denso and Rohm had earlier agreed in May 2025 to cooperate in the semiconductor sector. (Photo: Rohm Mechatech Co., Ltd.) Sources familiar with the matter said the move could hinge on Denso’s ability to secure Rohm’s support for the transaction. If the bid is withdrawn, consolidation in

By The Financial District
Apr 281 min read


Japanese Soba Chain Chief Defends Hiring Foreign Workers Amid Backlash
The president of soba chain operator Yudetaro System has defended the company’s hiring of foreign workers following public criticism.

By The Financial District
Apr 281 min read


Belle Corp Posts ₱524M Q1 Profit on Gaming, Property Growth
Belle Corporation reported a consolidated net income of ₱524 million for the three months ended March 31, 2026, up 13% from ₱462 million in the same period last year.

By The Financial District
Apr 281 min read


Warner Bros. Discovery Shareholders Approve Paramount Takeover Deal
Shareholders of Warner Bros. Discovery have approved a takeover deal that will combine its assets with Paramount Skydance.

By The Financial District
Apr 271 min read


Trump Faces GOP Backlash Over Proposed $500-M Spirit Airlines Bailout
The Trump administration is facing growing opposition from within the Republican Party over a proposed bailout for Spirit Airlines, with conservatives raising concerns about government intervention in business.

By The Financial District
Apr 271 min read
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