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LT Group income rises 22% to P4.4 B

LT Group Inc. (LTG), the conglomerate of taipan Lucio Tan, reported a strong double-digit first quarter growth of 22 percent to P4.42 billion......»»

Category: financeSource:  philstarRelated NewsMay 11th, 2019

NFL concussion fund pays out $485M, but legal fights resume

By Maryclaire Dale, Associated Press PHILADELPHIA (AP) — The NFL concussion fund has paid out nearly $500 million in its first two years, but some players' lawyers say there aren't enough doctors in the approved network to evaluate dementia claims. They went to court Tuesday to oppose a rule to require retired players to be tested by doctors within 150 miles (241 kilometers) of home to prevent "doctor shopping" and suspected fraud. Fund administrator Orran Brown said ex-players from around the country had flocked to four doctors now dismissed from the program who had "high-volume" traffic and some suspect findings. "We didn't notice it until the claims were coming in," Brown said. "Forty-six million dollars went out the door on these claims before we could flag it." Retired players can seek awards of as much as $3 million for moderate dementia and $1.5 million for mild dementia, although most men would get far less based on their age and years in the league. The settlement resolves thousands of lawsuits that alleged the NFL long hid what it knew about the risk of concussions. Senior U.S. District Judge Anita Brody, who has overseen the case since 2011, suggested the travel limit is needed to prevent abuse. "A few were brought to my attention where we had a lawyer from Pennsylvania and a player from Florida going to a doctor in Texas. And that was a red flag," Brody said. Philadelphia lawyer Gene Locks, who represents some 1,100 retired players, urged Brody not to adopt the rule, saying his clients agreed to the settlement believing they could choose their own doctors. "They had bad experiences with the NFL benefit program, both during their playing time and after their playing time, when they felt they were used and abused, and were not going to the doctors they wanted to," Locks argued. He said there are at least 30 different subspecialties of neurology, only a few of them well-suited to evaluate his clients. Brown acknowledged he's still trying to recruit doctors in some parts of the country for the program. He suggested Brody adopt the 150-mile (241-kilometer) rule but allow him to grant exceptions. The fund, expected to pay out more than $1 billion over 65 years, has paid out $485 million so far, and another $174 million in claims have been approved, Brown said. The NFL has appealed about 30% of the approved claims, but closer to 15% if the four doctors removed from the program aren't counted, according to players lawyer David Buchanan. If someone wants to travel "to see a world-renowned physician, or a world-renowned neuropsychologist, they should have that right," Buchanan said. Lawyers for the NFL monitored the hearing but did not take part in Tuesday's arguments. The settlement, forged in 2013 and later amended, offers more than 20,000 retired players baseline testing and compensation of up to $5 million for the most serious illnesses linked to football concussions, including Alzheimer's disease, Parkinson's disease, amyotrophic lateral sclerosis and deaths involving chronic traumatic encephalopathy, or CTE. Many of the more serious — and more straightforward — claims were settled in the first years of the program......»»

Category: sportsSource:  abscbnRelated NewsMay 8th, 2019

Pagcor profit rises to P1.55B in Q1 - The Manila Times Online

Pagcor profit rises to P1.55B in Q1 The Manila Times EARNINGS of the state-run Philippine Amusement Gaming Corp. (Pagcor) reached P1.55 billion in the first quarter of 2019, up 9.51percent from P1.41.....»»

Category: newsSource:  manilanewsRelated NewsMay 2nd, 2019

Pagcor profit rises to P1.55B in Q1

EARNINGS of the state-run Philippine Amusement Gaming Corp. (Pagcor) reached P1.55 billion in the first quarter of 2019, up 9.51percent from P1.41 billion in the same period last year. Pagcor…READ The post Pagcor profit rises to P1.55B in Q1 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 2nd, 2019

Meralco core net income rises 14% in Q1

LISTED distribution utility Manila Electric Co. (Meralco) said its core net income rose 14% to P5.6 billion in the first quarter, despite a “modest” 2% growth in energy sales volume......»»

Category: newsSource:  bworldonlineRelated NewsApr 29th, 2019

House to review agreement

Parties to the memorandum of agreement for the P2.8-billion mass transit common terminal will have to show Congress how the riding public and the country will gain from the deal that will also benefit the two biggest Quezon City shopping malls that have competed intensely for the control of the commercial windfall of the infrastructure......»»

Category: newsSource:  tempoRelated NewsJan 19th, 2017

Technology: Echo devices top Amazon's sales charts

AMAZON.COM, INC. said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6% in afternoon trade......»»

Category: financeSource:  bworldonlineRelated NewsDec 28th, 2016

Corporate News: Vista Land sets aside P18B for mall expansion

VISTA LAND & Lifescapes, Inc. is investing P18 billion to develop 10 more shopping malls within the next two years, as the property developer continues to expand its recurring income base......»»

Category: financeSource:  bworldonlineRelated NewsNov 27th, 2016

Ayala profit rises 11% in 9 months

MANILA, Philippines - Ayala Corp., the country’s oldest conglomerate, registered a net income of P19.6 billion in the nine months to September, up 11 percent.....»»

Category: financeSource:  philstarRelated NewsNov 12th, 2016

Petron profit rises 47%

MANILA, Philippines – Petron Corp., the country’s largest oil refiner, earned P7.4 billion in the nine months ending September, fueled by strong sales and im.....»»

Category: financeSource:  philstarRelated NewsNov 8th, 2016

SM Prime books P17.5-b profit

SM Prime Holdings Inc., the country’s leading integrated property company, said Monday net income rose 15 percent in the third quarter to P4.9 billion from P4.2 billion a year ago, driven by the sustained growth of shopping mall and residential busi.....»»

Category: financeSource:  thestandardRelated NewsNov 7th, 2016

Ortigas pours P50 B for Greenhills makeover

MANILA, Philippines – Ortigas & Co. is pouring in at least P50 billion to redevelop the popular Greenhills Shopping Center in San Juan......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2016

Ortigas to allot P50b for Greenhills project

Ortigas & Co., a property developer now jointly owned by the Zobel, Sy and Ortigas groups, is spending P50 billion to redevelop its crown jewel Greenhills Shopping Center, a top executive said over the weekend.  .....»»

Category: financeSource:  thestandardRelated NewsOct 9th, 2016

Amazon's chief Jeff Bezos unveils new rocket design

Amazon's chief Jeff Bezos unveils new rocket design.....»»

Category: newsSource:  rapplerRelated NewsSep 14th, 2016

Forget beanbag chairs

Redmond, Wash. — Just off a remote stretch of road here, near wineries, horse stables and farms, Amazon is secretly growing something, but it’s not what Jeff Bezos, Amazon’s chief executive, calls the “tiny seeds” that cou.....»»

Category: newsSource: NewsSep 13th, 2016

RCBC fined P1 B by BSP over cyber heist

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has slapped a record P1-billion fine on Rizal Commercial Banking Corp......»»

Category: newsSource:  philstarRelated NewsAug 5th, 2016

RCBC fined P1-B over Bangladesh cyber heist failings

THE central bank has slapped a P1-billion fine on Rizal Commercial Banking Corp. (RCBC), after the lender was used by cyber criminals to transfer $81 million stolen from the Bangladesh Bank in February......»»

Category: newsSource:  bworldonlineRelated NewsAug 5th, 2016

RCBC pays P1-b fine after bank cyber heist

THE Monetary Board, the policy-setting body of Bangko Sentral ng Pilipinas, fined Rizal Commercial Banking Corp. P1 billion for its involvement in the $81-million bank heist that rocked the country’s financial system in February this year......»»

Category: financeSource:  thestandardRelated NewsAug 5th, 2016

SM Prime core profit rises to P12.6 B in H1

MANILA, Philippines – SM Prime Holdings Inc. reported a 12 percent growth in its core net income to P12.6 billion in the first half of the year......»»

Category: financeSource:  philstarRelated NewsAug 2nd, 2016

Bezos passes Buffett, becomes third-richest person — Forbes

Jeff Bezos, the founder and chief executive of Inc (AMZN.O), has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hath.....»»

Category: newsSource: NewsJul 29th, 2016