Regarded as one of the most successful investors in the world, Warren Buffett is surely an inspiration to everyone who is looking to succeed.
In what is regarded as the final initial public offering (IPO) of the year, colorants, chemicals, and additives maker D&L Industries will issue to the public 1.071 million common shares, to be completed before the end of the year.
Each share is priced at P4.30 and the company expects to receive up to P4.6 billion from the said offering.
The D&L stock will start trading on December 12. The stock code will be DNL.
Search engine giant Google recently announced it is purchasing Motorola Mobility Holdings, Inc., the former Mobile Devices Division of Motorola, for $12.5 billion. According to Google, the move was meant to protect its Android operating software from intellectual property lawsuits.
But was it a good move?
After a voluntary trading suspension request yesterday, the shares of Lepanto Consolidated Mining Company (LC / LCB), Philex Mining Corporation (PX), and Manila Mining Corporation (MA / MAB) will resume trading today, following a disclosure announcement that PX is entering into a joint venture with Manila Mining in the exploration and development of the Kalayaan Project in Placer, Surigao del Norte.
It’s amazing how a simple 140-character tweet could help one unknown stock skyrocket in price. Of course, it helps if that post was twitted by a celebrity like rapper 50 Cent.
This was exactly what happened last week when 50 Cent’s tweets about a relatively unknown company — H & H Imports Inc. (HNHI) — sent the company’s stock price surging 290% in just one day.
The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the largest bank in the Philippines in terms of assets and is also the largest Philippine bank in terms of overseas presence. (Update: As of 2008, Banco de Oro or BDO has overtaken Metrobank as the largest Filipino bank.)
Metrobank (www.metrobank.com.ph) was established by a group of businessmen on September 5, 1962 at the Wellington Building in Binondo, Manila.