Latest Corporate News News
OpenAI prepares for a public listing
OpenAI, the maker of ChatGPT, is reportedly preparing to go public in the coming weeks, marking a potentially major shift for one of the world’s most prominent AI companies. A listing would likely draw intense investor attention given the firm’s central role in the current AI boom.
James Murdoch to buy New York magazine and Vox Media Podcast Network
James Murdoch is reportedly buying New York magazine and the Vox Media Podcast Network, expanding his media footprint. The move underscores continued consolidation in digital media and podcasting as investors seek scale in a challenging advertising environment.
Meta begins thousands of layoffs in AI-focused restructuring
Meta has begun laying off thousands of employees as part of a restructuring effort centered on artificial intelligence. The cuts suggest the company is reallocating resources toward AI priorities while reducing costs in other parts of the business.
Intuit plans more than 3,000 layoffs
Intuit is planning to lay off over 3,000 employees, with its chief executive saying the move has “nothing to do with AI.” The announcement adds to a broader wave of corporate job reductions as firms adjust to slower growth and changing business needs.
FedEx breaks ground on new Clark facility
FedEx has started construction on a new logistics facility at Clark, highlighting ongoing investment in regional supply-chain infrastructure. The project is part of a wider push to strengthen shipping and distribution capacity in the Philippines.
ICTSI secures $300 million loan for terminal expansion
International Container Terminal Services Inc. secured a $300 million loan to support terminal expansion plans. The financing is expected to help the company increase capacity and continue investing in port infrastructure.
PLDT rolls out solar program; Jollibee expands in Manhattan
PLDT is advancing a solar program as part of its sustainability and cost-management initiatives. Separately, Jollibee is expanding its Manhattan presence, signaling continued international retail growth.
Landbank cuts InstaPay fees
Landbank announced a cut in InstaPay fees to 8 pesos, a move that should lower transaction costs for customers using digital transfers. The reduction may also support broader adoption of cashless payments.
PSEi snaps four-day slide
The Philippine Stock Exchange index ended a four-day decline, suggesting a modest recovery in local market sentiment. The move came amid a broader regional rally led by technology and AI-related stocks.
Asian stocks rally on tech and AI strength
Asian equities rose as technology and AI-linked names powered gains across regional markets. The rally reflects continued investor enthusiasm for AI growth themes despite broader macro uncertainty.
GMA Network loses SEC challenge over director limits
GMA Network lost a legal challenge against limits on SEC director terms, according to Market Edge coverage. The ruling keeps governance restrictions in place and could affect board composition and corporate control dynamics.
Harvard limits A grades to curb grade inflation
Harvard University voted to limit the number of A’s awarded to undergraduates in an effort to address grade inflation. While not a corporate story in the strictest sense, the move may influence talent signaling and hiring perceptions among employers.