Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Sectors
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.
China to probe EMC, IBM, Oracle for security issues
Shanghai Securities News said the Ministry of Public Security and a cabinet-level research center of China were preparing to investigate on EMC Corp, IBM Corp and Oracle Corp over security concerns.
One Apple stock is a better buy than a USD500 iPad - analysts
Analysts suggested a share in Apple worth nearly USD500 is a better buy than the company's USD500 iPad.
China Resources Land bags Shenzhen commercial site with USD 1.8 billion bid
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion. China Resources Land Ltd won the right to buy a commercial site in Shenzhen.
Latest News
Manuel B. Villar, Founder and Chairman of Vista Land & Lifescapes and Starmalls, revealed that they would be opening more malls and convenience stores in 2014.
Dell's net income plunged by 72% to USD204 million or 12 US cents per share as the sales of personal computer extended their downward coil.
Researcher NPD Group said that the US retail sales of accessories, hardware and software of video games dived by 19% to USD443 million.
Applied Materials, a chip gear manufacturer, stated it expects foundry clients limit their expenditures during the present quarter as company move to producing smaller chips.
Sony's Xperia A outsold Samsung's Galaxy S4, which led to DoCoMo's decision to exclude Samsung in its promotional line-up for the forthcoming winter.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
A judge approved the foremost cable systems' plan to sell their spectrum to Verizon Wireless and cross sell their individual wireless and cable plans.
RBC Capital's analysts raised their price target on Apple Inc from USD475 to USD525 due to buyback chatter and the release of new Apple products.
Stuart Jeffrey, Nomura Equity Research's analyst, said BlackBerry would be lucky to receive bids higher than USD12 to USD13, even from an "optimistic buyer."
