Tesla Suffers Another Quarterly Loss

Electric car pioneer Tesla reported that it has suffered its 13th straight quarterly loss from increased spending on its vehicle and battery factories. The loss comes amidst the announcement of …

AIG Plans to Buy Back Shares Worth $3 Billion

American International Group (AIG) continues to fight against calls for the firm to break itself up by planning to buy back $3 billion worth of its shares. After three consecutive …

Phoenix Net Profit Up by 33% in First Half

Phoenix Petroleum Philippines Inc. saw its net profit rise by 33 percent in this year’s first half owing to stronger sales compared to the same period last 2015. Phoenix attributed …