Tuesday, July 3, 2012 - 08:56 a.m.
SAN FRANCISCO — Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a failure.
The non-cash charge announced Monday could saddle Microsoft Corp. with a loss for its fiscal fourth quarter ended in June. Analysts polled by FactSet had predicted Microsoft would earn about $5.3 billion for the period.
Tuesday, July 3, 2012 - 08:41 a.m.
PARIS — The start of haute couture week in Paris is a must on any self-respecting fashionista's calendar.
But day one of the French capital's fall-winter 2012 shows was different: It's what's called a fashion event.
Tuesday, July 3, 2012 - 03:13 a.m.
WIMBLEDON, England — Defending champion Novak Djokovic had little trouble advancing to the quarterfinals at Wimbledon, beating fellow Serb Viktor Troicki 6-3, 6-1, 6-3 Monday underneath the roof on Centre Court.
While rain washed out play on all other courts at the All England Club, Djokovic dispatched Troicki in just 90 minutes by breaking his friend and compatriot six times. Djokovic won 16 of his 19 approaches to the net and hit 31 winners overall, compared to 15 for Troicki.
Monday, July 2, 2012 - 08:42 p.m.
WIMBLEDON, England — No matter what happens in Week 2, this Wimbledon will be remembered.
Most of all, for 11-time major champion Rafael Nadal's second-round defeat to a player ranked 100th — a player who also lost two days later.
Monday, July 2, 2012 - 07:14 p.m.
MANILA -- Six Arab nationals exploring the Puerto Princesa Underground River (PPUR) in Palawan have been rescued after their boat capsized over the weekend, the Philippine Coast Guard said Monday.
Reports reaching the PCG Action Center in Manila revealed that while en route to PPUR on Saturday, the port outrigger of M/B Baja 51 accidentally hit a huge rock causing it to capsize at the said area.
Monday, July 2, 2012 - 06:35 p.m.
GAUHATI, India — The worst monsoon floods in a decade to hit a remote northeastern Indian state have killed more than 80 people and forced around 2 million to leave their homes, officials said Monday.
Nearly half a million people are living in relief camps that have been set up across Assam state, Prime Minister Manmohan Singh told journalists in Gauhati, Assam's capital. The rest of the 2 million displaced are living in government buildings or in the open.
Monday, July 2, 2012 - 06:04 p.m.
CEBU CITY (Updated 5:30 p.m.) -- Mayor Mike Rama vowed Monday to continue with what the Cebu City Government has started in terms of projects, but he said he will not support corporal punishment and Cebu’s flyover projects.
In his State of the City Address (Soca) delivered before hundreds of Cebuanos at Plaza Sugbu Monday afternoon, Rama pushed for the implementation of the City’s Bus Transit System (BRT) and beautification projects, among others.
Monday, July 2, 2012 - 05:41 p.m.
MANILA (Updated) -- The Foreign Affairs department confirmed on Monday the rescue of a Filipino aid worker and his three colleagues who were abducted in a refugee camp in Kenya.
Glenn Costes and his colleagues were recovered in the Kenya-Somalia border, the Department of Foreign Affairs (DFA) said.
Monday, July 2, 2012 - 05:21 p.m.
MANILA -- A former military general has been elected as the new head of the Civil Aviation Authority of the Philippines (CAAP), the Department of Transportation and Communications (DOTC) said on Monday.
Transportation Secretary Manuel Roxas II said that the CAAP Board of Directors formally and unanimously elected retired Lt. Gen William Hotchkiss III as director general of the agency. Hotchkiss replaced Ramon Gutierrez.
Monday, July 2, 2012 - 04:48 p.m.
MANILA -- Local oil firms announced on Monday a price-cut on their petroleum products effective Tuesdsay morning.
Effective 12:01 a.m. Tuesday, major oil companies Pilipinas Shell, Petron Corp., Chevron Philippines (formerly Caltex) and independent player Eastern Petroleum Philippines cut their respective prices of diesel by P0.30 per liter and kerosene by P0.40 per liter.