The second initial public offering (IPO) this year — and probably the last for the year — is the IPO of supermarket chain Puregold Price Club Inc.
The final offer price will be determined on September 21, although the company already said each share will not be priced higher than P18.00. Domestic offering will run from September 23 until September 29.
The Puregold shares, with stock code “PGOLD” — will be listed on the exchange and will be available for secondary trading beginning October 5.
“iResign.”
That’s the essence of the announcement made by Steve Jobs on August 24, 2011 when he officially relinquished his post as Apple Inc.’s Chief Executive Officer (CEO). As he steps down, we look back at the plethora of achievements that Jobs scored for the tech company during the past fourteen years that he was CEO.
Here are three of Jobs’ best achievements as Apple CEO with regard to the Apple stock (AAPL).
Achievement #1: Under Jobs’ helm, the Apple stock (NASDAQ: AAPL) skyrocketed in price from $5 in September 1997 after Jobs was officially appointed as interim CEO to around $376 on the day of his resignation. That translates to a total price growth of 7,420% during the 14-year period or a compounded annual growth rate (CAGR) of 36.15%. So if you invested $1,000 back in 1997, this is now worth a whopping $75,200.
Five (5) new companies are to be included in the revised Philippine Stock Exchange index (PSEi) effective September 12.
These five companies are Belle Corporation (BEL), Cebu Air Inc. (CEB), San Miguel Corporation (SMC), Semirara Mining Corporation (SCC) and SM Development Corporation (SMDC).
They will replace ABS-CBN Corporation (ABS), Filinvest Land Inc. (FLI), First Philippine Holdings Corp. (FPH), Lepanto Consolidated Mining Company (LC/LCB) and Security Bank Corporation (SECB) that were previously included in the PSEi as of May 2011.
The updated 30-company PSE index is as follows.
Hurricane Irene, the first major hurricane of the 2011 season, made landfall in the United States East Coast over the weekend causing at least 15 deaths, severe flooding, and widespread destruction in several U.S. states, with financial losses estimated to reach around $5-10 billion.
Hurricane Irene first made landfall over Eastern North Carolina and Southeastern Virginia on August 27 destroying buildings and leaving millions without power. It made its second landfall in New Jersey on August 28, the first hurricane to make a landfall in the Garden State in more than century. Its third landfall was in New York, where more than 370,000 residents were told to evacuate in anticipation of the hurricane.
If PLDT will not get regulatory approval of the PLDT-Digitel merger by today, August 26, then the deal is over.
When withdrawing funds to a Philippine bank account, there is NO CHARGE if the amount withdrawn is at least P7,000.00.You therefore save on fees if you withdraw P7,000.00 or more.
If withdrawing less than P7,000.00, Paypal charges P50.00 per transaction.
Did the Roman Catholic Archbishop of Manila unload more than 1 million shares of Philex Mining Corporation (PX) in April and May 2011 and sold them directly to Chairman and CEO Manny V. Pangilinan (MVP)?
Documents from the Philippine Stock Exchange (PSE) seem to show that they did. A cursory look at the latest list of the Top 100 stockholders of Philex confirms that the Catholic Archbishop of Manila is not anymore a major stockholder of the company and that MVP has replaced the Church’s spot as the top 15th shareholder.
How many times have you been irked by cashiers saying they don’t have barya and “Para masuklian kita nang buo, Sir, penge na lang ng singkwenta sentimos”?
That scene is almost always annoying but, apparently, this only confirms that the Philippines is currently suffering from a shortage of coins.
