Business Specials

What caused Prudentialife Plans' financial problems

Prudentialife Plans Inc.'s proposed rehabilitation plan, which involves focusing on life plans and a spin-off of its education and pension plan business, also offers a peek into what caused the company's financial problems.

By Cathy Rose A. Garcia, ABS-CBNnews.com 02/09/2012 3:21 PM

What's in a name? For Chinese law firms, Bright is often right

When lawyers from King & Wood, one of China's largest law firms, gathered to celebrate its merger with an Australian law firm late last year, the firm's two namesakes -- Messrs. King and Wood -- never showed up. And for good reason: They don't exist.
Reuters 02/09/2012 10:51 AM

Will China 'like' Facebook?

SHANGHAI - When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.
Reuters 02/08/2012 2:02 PM

Facebook stocks up for Google fight

WASHINGTON - As Facebook and Google jockey for dominance of the Web, the social networking titan's $5 billion stock offering will give it a hefty warchest for the ongoing fight, analysts said.

Agence France-Presse 02/03/2012 7:09 AM

Timeline: Facebook's meteoric ascent from dorm room to Nasdaq

SAN FRANCISCO - Facebook on Wednesday filed to raise $5 billion in an initial public offering. Here are a few highlights of its meteoric rise, several of which were chronicled in David Fincher's seminal Oscar-winning 2010 movie, "The Social Network":

Reuters 02/02/2012 6:56 AM

Asia's family businesses face new challenges

SINGAPORE - From India's Ambani empire to the Li dynasty of Hong Kong, family firms are a pillar of Asian economies, but rising globalization and generational shifts are throwing up new challenges. 

by Martin Abbugao, AFP 02/01/2012 3:30 PM

Borrowing spree pushes Canada to edge of debt cliff

The growth of household debt in Canada to levels approaching those seen in the United States before the 2008-2009 crash seems to be keeping a lot of people awake - from central bankers to economists, lenders, real estate agents and the indebted consumers.
Reuters 02/01/2012 7:37 AM

Davos elite see euro surviving, for now

The straw poll among current and recently retired policymakers reflected a wider mood of short-term relief tinged with longer-term doubt among the world's movers and shakers at this year's World Economic Forum session in the Swiss Alps.
Reuters 01/30/2012 6:57 AM
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