Friday, February 3, 2012

03 FEB 2012, FRI: Bus & Health

Business


How Facebook Makes Money Could Change

Wall Street Journal - 
By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch)--Facebook Inc.'s initial public offering filing paints a clearer picture of how the social networking giant makes money--though experts say that picture could change in the months and years ...

GSIS in talks to set up $750M infrastructure fund

Inquirer.net - 
The Government Service Insurance System (GSIS) is in talks with multilateral institutions on a planned infrastructure fund of up to $750 million, which would serve as a vehicle for investing in infrastructure projects.

PSEi Reaches Record High Anew

Manila Bulletin - 
By JAMES A. LOYOLA MANILA, Philippines - The Philippine Stock Exchange index surged 2.26 percent, or 106.44 points, to a new record high of 4822.08 as improving global manufacturing data pushed up share prices in the US and Asia.

Boutique owners face P227-M tax evasion case

Inquirer.net - 
By Jerome Aning The Bureau of Internal Revenue (BIR) on Thursday filed before the Department of Justice (DOJ) at least P226.9 million worth of tax cases against the Genevieve Gozum chain of boutiques and its owners.

Senate, DoF back lifting of carriers tax

BusinessWorld Online Edition - 
A SENATE body and the Department of Finance (DoF) yesterday agreed to scrap a 3% tax on gross receipts imposed on foreign carriers, a lawmaker said yesterday, in a bid to address the country's lack of attractiveness to foreign visitors.

BSP Strengthens AMLA's Intelligence Unit

Manila Bulletin - 
MANILA, Philippines - Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. Thursday said the government's fight against money laundering and terrorist financing is now stronger with improved expertise in handling anti-money laundering ...

Fitch Rates North Davis Sewer District, UT's Rev Bonds 'AA+'; Outlook Stable

MarketWatch (press release) - 
The bonds are scheduled to price via competitive sale on or about Feb. 9, 2012. Proceeds will be used to refund certain outstanding bonds for debt service savings without extending final maturity.

Gaming firm eyes hotel, leisure venture

Inquirer.net - 
Listed video game company IP E-Games Ventures Inc. is planning to expand into the growing hotel and leisure industry. The company said in a disclosure to the Philippine Stock Exchange that it would hold a special stockholders' meeting to formally ...

SMIC readies issuance of bonds worth $250M

BusinessWorld Online Edition - 
SM INVESTMENTS Corp. (SMIC), the holding company of the SM Group, has moved to issue $250-million worth of convertible bonds to pay off old loans, a statement released yesterday showed.

Petron hikes LPG prices by P6 per kilo

Philippine Star - 
By Ted Torres (The Philippine Star) Updated February 03, 2012 12:00 AM 0 MANILA, Philippines - Petron increased prices of its liquefied petroleum gas (LPG) by P6 per liter for the standard 11-kilogram cylinder early morning yesterday and auto LPG by ...
Other stories
'Boundary' System

Toyota's Food Unit Relocating Here

Manila Bulletin - 
By BERNIE CAHILES-MAGKILAT MANILA, Philippines - Toyota Tsusho Foods Corp. (TTFC), an affiliate of Toyota Group of Japan, is relocating here its seafood and marine products manufacturing operation from China after encountering problems with its Chinese ...

World Bank grants $50M loan to PH

Inquirer.net - 
The Philippines is set to receive $50 million worth of loan from the World Bank to fund various infrastructure initiatives throughout the country.

SC gives beauty product distributor jail term, affirms CTA ruling

GMA News - 
The Supreme Court gave a beauty product distributor a two- to four-year jail term and a P20,000 fine, affirming a Court of Tax Appeals (CTA) decision that found her guilty of supplying the Bureau of Internal Revenue (BIR) with incorrect and inaccurate ...

NGCP to spend P14.3B for capex this year

Inquirer.net - 
The National Grid Corp. of the Philippines, operator of the country's electricity superhighway, is spending P14.3 billion for 2012 alone to fund the construction and installation of critical transmission and substation projects.
NGCP sets capex at P14.3B
National Grid allots P14.3b for 2012 capex

Minola cooking oil maker posts 12% net income hike

BusinessWorld Online Edition - 
STATE-RUN Coconut Industry Investment Fund-Oil Mills Group (CIIF-OMG) saw its profits rise by 12% last year, even as sales volume fell, owing to strategic business deals, the firm reported yesterday.

Trade chief to foreign groups: Remain upbeat on Philippine prospects

Inquirer.net - 
MANILA, Philippines—Trade Secretary Gregory L. Domingo has appealed to foreign business groups “not to be negative” about upcoming prospects and support the Philippine government's thrust to achieve economic growth.

Farmers urged to advance rice cropping calendar

Sun.Star - 
THE Department of Agriculture (DA) is encouraging rice farmers to advance their “cropping calendar” by a month or two to avoid typhoons that usually occur during the months of October to November.

CA orders Central Bank to reopen Banco Filipino

Visayan Daily Star - 
MANILA - The Court of Appeals has directed the Bangko Sentral ng Pilipinas to reopen Banco Filipino and ordered the implementation of the P25-billion financial assistance as contained in the business plan previously approved by the BSP and the Monetary ...

Pay taxes pending appeal, Sayson urges businessmen

Visayan Daily Star - 
BY CHRYSEE SAMILLANO Bacolod Vice Mayor Jude Thaddeus Sayson yesterday appealed to businessmen to pay their taxes before February 15 to avoid paying penalties while their tax appeal is still pending before the Department of Justice.

Aussie fund acquires 5% of Vista Land

Manila Standard Today - 
An Australian investment fund manager has acquired minority interest in Vista Land & Lifescapes Inc., a company owned by the family of Senator Manuel Villar.

Health


Recalled birth control pills? What to do

Boston Globe - 
By Deborah Kotz With news spreading of Pfizer's recent recall of 1 million birth control pills, Boston physicians have been dealing with a flood of phone calls from patients worried that they might be facing an unplanned pregnancy.

McGill asbestos study flawed, epidemiologist says

CBC.ca - 
A major 40-year study on asbestos safety completed by a group of scientists at McGill University is flawed, lacks transparency and contains manipulated data says Dr.

Measles cases rise after decade of decline

Medical Xpress - 
Measles outbreaks in parts of Europe and Africa led to some 60000 more cases worldwide in 2010 over the previous year, after nearly a decade of declines, US health authorities said on Thursday.

Zoloft Lawsuit Filed Against Pfizer

Seedol.com (blog) - 
A Zoloft lawsuit has been filed against drug maker Pfizer by a group of parents who claim the antidepressant caused their children to be born with severe birth defects, including heart damage.

Testosterone 'blinds us to other's views'

Independent Online - 
By MARLOWE HOOD AP It is well established that testosterone boosts risk-taking, anti-social behaviour and the kind of aggressiveness that fuels contact sports and trading floors on Wall Street.

Anti-breast cancer drive pushed

Sun.Star - 
By Carla N. Canet BACOLOD City Councilor Em Ang proposed an ordinance, which will establish a quarterly anti-breast cancer campaign program.

Uganda's ugly vendetta weapon: acid

Radio Netherlands - 
Outside the burns ward of Kampala's Mulago hospital, Darlison Kobusingye gingerly adjusts the headscarf she uses to cover the worst of the scars patterning the right side of her face.

Backlash grows over Susan G. Komen-Planned Parenthood flap

CBS News - 
Two days after Planned Parenthood announced that its funding from the Susan G. Komen foundation had been cut, women's health advocates are taking to the airwaves to make their dissatisfaction known, decrying the decision as a crass political ...

Scientists breed antioxidant-rich purple 'super tomato'

New York Daily News - 
Thomas Patterson/SMJOU Statesman Journal via AP Oregon State University researchers are fine-tuning a purple tomato. The skin is as dark as an eggplant.

Danilo Casimiro–one of the world's top vaccine developers, and a Filipino

Inquirer.net - 
Danilo Casimiro, the only Filipino scientist who was part of the team that worked on Gardasil, the world's leading vaccine against the human papillomavirus (HPV), is now busy working with colleagues on a vaccine to help prevent dengue.

Tax sugar to combat health crisis - experts

NEWS.com.au - 
SUGAR should be identified alongside alcohol and tobacco as a health danger, and governments should tax sweetened drinks and food as part of their efforts to combat it.

Moms' bossiness at snack time tied to kids' weight

HealthNews - 
by Amy Norton, Last updated February 01, 2012 NEW YORK (Reuters Health) - Mothers who push their toddlers to eat more at snack time may end up with a heavier child, a new study suggests.

Two Studies Hint at How Alzheimer's Might Spread

Wall Street Journal (blog) - 
By Shirley S. Wang There are many mysteries when it comes to understanding Alzheimer's disease, with one of the biggest questions centering on how the memory-robbing disease progresses.

Post-Exercise Massages Work: New Research Proves Connection

Huffington Post - 
A new study published in Science Translational Medicine found that a short, 10-minute Swedish-style massage session can reduce inflammation, which can help your muscles recover after a hard workout.

Breast implant fears spark Brussels crackdown

Financial Times - 
By Andrew Jack in London The European Commission said on Thursday it would toughen the regulation of medical devices as a result of concerns raised by breast implants produced by the defunct French company PIP, even as a scientific expert review it ...

Son downplays report about Gordie Howe having dementia

Detroit Free Press - 
By Helene St. James Gordie Howe, second from left, with Vancouver Giants junior players on Feb. 2, 2012, in Vancouver, British Columbia.

Abiraterone prostate cancer treatment to be covered by Axa PPP

The Guardian - 
A leading insurance company has changed the terms of its private medical cover to ensure policyholders suffering from late-stage prostate cancer can be treated with the drug abiraterone.

Review: Pink Ribbons Inc.

Montreal Gazette - 
Pink Ribbons, Inc. Rating: 3.5 out of 5 A documentary by Léa Pool Playing at: AMC cinema. Parents' guide: Not for the young ones, but teenagers might like it.

OP-ED: The Caribbean: Not So Gay

HNN Huntingtonnews.net - 
On the Caribbean island of Barbados with a population of about 250000 people, approximately 3426 persons are living with HIV, and the Minister of Health, Stephen Lashley, has warned “that is not likely the exact figure”.

1 dead 54 sick with salmonella in UK, Europe linked to watermelon

barfblog (blog) - 
The UK Health Protection Agency (HPA) is investigating an outbreak of a strain of Salmonella Newport infection among 30 people in England, Wales and Northern Ireland since the beginning of December 2011.

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