The Japanese debt watcher raised the Philippines' credit ratings recently. Rating and Investment Information Inc, a debt watcher from Japan, recently upgraded the Philippines' credit outlook from "stable" to "positive" due to progressive changes in the country's fundamentals.
Sectors
Regulators close small Florida bank; 17th bank failure this year
The Florida Office of Financial Regulation closed down the First Community Bank of Southwest Florida in Fort Myers.
Facebook believes US$2.5 million per day for 15-second video is reasonable
Facebook believed that advertisement price US$2.5 million per day was reasonable considering the potential of 1 billion users watching the 15-second long video ad.
2013 is the golden era for IPOs: Barron's
Barron's said the second quarter of 2013 is the golden era for IPOs. The second quarter of 2013 showed a lot of companies presented their initial public offerings (IPO).
LinkedIn stock rally persists even with trailing projection
The stocks of LinkedIn surged up to 10% today even with trailing revenue projections. Today, LinkedIn stocks rose up to 10% after the company reported its second quarter earnings.
Latest News
Luxury wine brands said they will be investing in China. Big names in the wine industry such as Chateau Lafite-Rothschild and Dom Perignon announced today that they will pursue investments in China's rural areas.
China's top decision-making body said that it will work to ensure the growth of its economy. The Politburo, China's top decision-making body, declared that it will ensure the growth of its economy.
Japanese executives will attend a meeting in Myanmar to discuss future investment ventures. Representatives from over 20 Japanese companies planned on visiting Myanmar to look for possible business ventures and investment opportunities, according the Union of Myanmar Federation of Chambers of Commerce and Industry or UMFCCI.
US major firms including Wal-Mart, Google, Morgan Stanley and Dell raised concerns regarding patent trolls and urged legislators to broaden US Patent and Trademark Office's scope of power in reviewing patents.
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
Facebook would launch a 15-minute ad video that would cost US$2.5 million per day for advertisers. Facebook planned to launch video ads into the news feeds of users that would last for 15 seconds.
The annual Lollapalooza held in Chicago's Grant Park is one of the most anticipated music festivals in the country.
US President Barack Obama proposed a plan that would satisfy both Democrats and Republicans alike. On Tuesday, US President Barack Obama proposed a plan called the "grand bargain for middle-class jobs".
The Securities and Exchange Commission launched an investigation against Gulf Coast Funds Management's investment program.
