Johnson & Johnson fined by US authorities for bribing doctors
The 5th largest company in the US in terms of market capitalization, Johnson & Johnson, was fined $70 million by the US authorities for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The US Department of Justice and Securities and Exchange Commission said that since 1998, the [...]
April 10, 2011
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Roy В·
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Tags: $70 million fine, bribery, Department of Justice, Johnson & Johnson, middle east, Oil for Food Program, Saddam Hussein, SEC В· Posted in: finance, Government, International relations, Law, Medicine, money, Pricing, Products, World News
Banco Filipino was also delisted from PSE
Days before Banco Filipino Savings and Mortgage Bank was closed by the Bangko Sentral ng Pilipinas, and even before the bank went on “voluntary bank holiday,” Banco Filipino was delisted by the Philippine Stocks Exchange (PSE) from its official registry, which means that the bank can no longer buy or sell shares of stocks. Although [...]
March 24, 2011
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Roy В·
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Tags: Banco Filipino, bor, BSP, delisted, disclosure, PDIC, PSE, receivership, SEC, stocks exchange board В· Posted in: banking, Corporations, economy, finance, franchise, investments, Law, money, Philippine banks, Philippine business news, Philippines, Stock Market
Globe Asiatique gets SEC nod for IPO
Globe Asiatique gets the green light from Securities and Exchange Commission (SEC) for its planned initial public offering (IPO). The SEC approved the IPO of of Globe Asiatique Realty Holdings Corp. which is seen to raise up to P3.05 billion in fresh capital. Globe Asiatique, on its statement filed with the SEC, said it will [...]
March 20, 2010
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Roy В·
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Tags: business news, Globe Asiatique, IPO, low-cost housing, money, Philippines, public offering, real estate, SEC, Securities and Exchange Commission, stocks В· Posted in: Announcement, Corporations, economy, finance, Government, investments, IPO, Law, money, Opportunities, Philippine business news, Philippines, Stock Market

