Suzuki net profit up 30.6%

  • Ireland says not to blame for Apple's low tax rate

    Ireland says not to blame for Apple's low tax rate

    Ireland says not to blame for Apple's low tax rate

    By Conor Humphries DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries. The Irish government, which has seen the luring of U.S. multinationals with low taxes as a key part of its economic policy since the 1960s, said its system was transparent and other countries were responsible if the tax rate paid by Apple was

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  • Vodafone keeps Verizon payout to make up for European slump

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    By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone will reinvest a $3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure. The British firm is trying to decide whether to sell Verizon Wireless, its profitable U.S. unit in what could be the world's third largest deal to support its struggling core operations. ...

  • Softbank to issue record bonds for Sprint takeover

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    Softbank to issue record bonds for Sprint takeover

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  • IT firm iGate sacks CEO over undisclosed relationship

    IT firm iGate sacks CEO over undisclosed relationship

    IT firm iGate sacks CEO over undisclosed relationship

    By Sumeet Chatterjee and Harichandan Arakali MUMBAI/BANGALORE (Reuters) - IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment. Murthy had led several initiatives to improve the performance of the Fremont, California-based company, including charging clients for business results instead of man hours, the billing method

Japan's Suzuki Motor said Thursday its net profit rose 30.6 percent to 24.5 billion yen ($312 million) for the three months to June as brisk domestic sales offset the impact of a strong yen.

Sales rose 6.2 percent from a year earlier to 644.8 billion yen and operating profit jumped 39.4 percent to 35.6 billion yen for the April-June quarter, said the motorcycle and small car specialist.

"The group was able to increase the operating income by covering the factors of income decrease such as decrease of overseas sales and the impact of the exchange rate with the factors of income increase such as increase of Japanese domestic automobile sales and cost reduction," it said.

It left unchanged its full year forecast, projecting 70 billion yen in net profit and 120 billion yen in operation profit on sales of 2.6 trillion yen for the fiscal year to March 2013.

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  • 'Battle of Manila' spills over to Twitter: Georgina Wilson vs. Jake Ej …
    'Battle of Manila' spills over to Twitter: Georgina Wilson vs. Jake Ej …

    The so-called "Battle of Manila" may be over, but remnants of the tense political contest seem to have spurred another fight, this time between socialites on Twitter.

  • It's time to move on, Zubiri says
    It's time to move on, Zubiri says

    He almost made it to the winning circle of 12, but former Senator Juan Miguel "Migz" Zubiri has gracefully accepted defeat.

  • Hagedorn undaunted after election defeat
    Hagedorn undaunted after election defeat

    He may have lost the Senate fight, but Puerto Princesa Mayor Edward Hagedorn will still wage war for the environment.

  • Filipinos in Taiwan told to limit activities

    Manila (Philippine Daily Inquirer/ANN) - Philippine officials have advised thousands of Filipino workers to "limit their movement" in Taiwan, fearing a potentially violent backlash over the killing of a Taiwanese fisherman by the Philippine Coast Guard (PCG).

  • Comelec wants barangay polls postponed

    Not another election please. Just a week after the mid-term polls, the last thing the Commission on Elections would like to think about is another election. On Monday, Comelec Chairman Sixto Brillantes, Jr told reporters he would like to see … Continue reading →

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Odd Stories

  • A gnome grows in Chelsea - at the flower show, that is

    A gnome grows in Chelsea - at the flower show, that is

    Reuters - 15 hours ago
    A gnome grows in Chelsea - at the flower show, that is

    By Paul Casciato LONDON (Reuters) - Some spectators at London's Chelsea Flower Show wouldn't be caught dead with one in the trunk of their Bentley, but garden gnomes have turned up at the show's 100th edition this year, for charity. The Royal Horticultural Society (RHS), which runs Chelsea in the grounds of the Christopher Wren-built Royal Hospital Chelsea, has lifted a ban on the ceramic figures with floppy hats and beards in order to raise funds for an RHS charity that supports the use of

  • Marijuana waste helps turn pot-eating pigs into tasty pork roast

    Marijuana waste helps turn pot-eating pigs into tasty pork roast

    Reuters - 18 hours ago
    Marijuana waste helps turn pot-eating pigs into tasty pork roast

    By Jonathan Kaminsky OLYMPIA, Washington (Reuters) - With Washington state about to embark on a first-of-its-kind legal market for recreational marijuana, the budding ranks of new cannabis growers face a quandary over what to do with the excess stems, roots and leaves from their plants. Susannah Gross, who owns a five-acre farm north of Seattle, is part of a group experimenting with a solution that seems to make the most of marijuana's appetite-enhancing properties - turning weed waste into pig

  • Jon Stewart's humor a hit with millions of envious Chinese

    Jon Stewart's humor a hit with millions of envious Chinese

    Reuters - Mon, May 20, 2013
    Jon Stewart's humor a hit with millions of envious Chinese

    By Jane Lee SHANGHAI (Reuters) - Humor may not always translate well, but Jon Stewart is picking up millions of fans in China, where his gloves-off political satire is refreshing for many in a country where such criticism is a rarity - especially when directed at their own leaders. A recent segment on North Korea scored over 4 million views on microblogger Sina Weibo, and even stodgy state broadcaster CCTV has used Stewart's "The Daily Show" in a report, though they wouldn't let a Chinese

  • Winning ticket for $590.5 million Powerball lottery sold in Florida

    Winning ticket for $590.5 million Powerball lottery sold in Florida

    Reuters - Mon, May 20, 2013
    Winning ticket for $590.5 million Powerball lottery sold in Florida

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  • Germans blame euro zone crisis for Eurovision debacle

    Germans blame euro zone crisis for Eurovision debacle

    Reuters - Sun, May 19, 2013
    Germans blame euro zone crisis for Eurovision debacle

    BERLIN (Reuters) - Germans lamented their unexpectedly poor showing at the Eurovision Song Contest, blaming Chancellor Angela Merkel's tough stance in the euro zone crisis for their failure to win any points from 34 of the 39 countries voting. Denmark's Emmelie de Forest won the event, watched by around 125 million people across Europe, with 281 points while German act Cascada was 21st out of 26 countries, getting just 18 points from Austria, Israel, Spain, Albania and Switzerland. ...

  • FVR leads call for reduction of budget for lethal weapons VERA Files - The Inbox

    By Ellen Tordesillas, VERA Files MAKASSAR, Indonesia—Former President Fidel V. Ramos Monday called on rich countries to reduce their budget for deadly weapons and realign resources for public safety, including navigation in the disputed waters in the South China Sea. … Continue reading →

  • Activism in art the Carlos Celdran way VERA Files - The Inbox

    By Matthew Reysio-Cruz, VERA Files The whole nation wondered who he was. Sporting a black overcoat and top hat, performer and tourist guide Carlos Celdran stood before a group of bishops at the Manila Cathedral in September 2010 holding up … Continue reading →

  • Basketball, brotherhood, and beating a bleeding disease VERA Files - The Inbox

    By Lean Carlo Macoto, VERA Files Like the vast majority of Filipino men, Raymund Nanos is a huge basketball fan. His favorite sport is basketball. His favorite pastime is watching basketball. Those who don’t know him would probably think he … Continue reading →

  • Remixing the brew Ramon Casiple - Pinoy Kibitzer
    Remixing the brew

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  • 25 years of feeding a city’s body and soul VERA Files - The Inbox

    Text and photos by Elizabeth Lolarga, VERA Files It is apropos that a café founded by artists, writers and other individuals who operate outside society’s margins should mark its 25th year as a now respected Baguio institution with music, poetry … Continue reading →

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