Mga Panghitabo (News)

August 20, 2008

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August 13, 2008

‘Dark Knight’ leads box office for 4th weekend

Filed under: Entertainment - Administrator @ 5:47 am

Source: ABS-CBN 

‘Dark Knight’ leads box office for 4th weekend

Reuters

LOS ANGELES - Batman outwitted a pair of stoners to lead the North American box office for a fourth weekend on Sunday, becoming the third-biggest movie of all time.

"The Dark Knight" sold about $26.0 million worth of tickets during the three days beginning Friday, taking its haul to $441.5 million after 24 days, said Warner Bros. Pictures.

The superhero sequel now ranks at No. 3 on the all-time list, behind "Titanic" with $601 million and "Star Wars" with $461 million.

But adjusted for inflation, the Caped Crusader ranks more modestly at No. 49, according to tracking firm Box Office Mojo. The 1939 epic "Gone With the Wind" wins by that measure with $1.4 billion in today’s dollars.

Warner Bros., a unit of Time Warner Inc, said it expects "Dark Knight" to surpass "Star Wars" next weekend and end up with about $520 million.

The last movie to enjoy an unbroken four-week reign at No. 1 was "The Lord of the Rings: Return of the King" in 2003-2004, according to Box Office Mojo.

Internationally, "The Dark Knight" has earned $263.1 million, with Britain contributing $69.3 million and Australia $35.6 million.

The drug-fueled caper "Pineapple Express," named for a strong brand of marijuana, opened at No. 2 in North America with $22.4 million. It would have been No. 1 had Columbia Pictures not opted to open the picture two days earlier than usual on Wednesday to maximize sales during the school holidays. The film’s five-day total stands at $40.5 million.

Seth Rogen and James Franco play a pair of pot aficionados on the run after witnessing a murder.

‘Beyond expectations’

Columbia said the opening was "beyond expectations" given that the budget was a modest $27 million. Not surprisingly, men aged 25 and under made up the bulk of the audience, the Sony Corp unit said.

Another Wednesday opener was the teen-oriented female drama "The Sisterhood of the Traveling Pants 2," which came in at No. 4 with $10.8 million for the weekend. The five-day haul stands at $19.7 million. The audience was 90 percent female, said Warner Bros., which co-financed the $26.5 million film with FedEx Corp founder Fred Smith’s Alcon Entertainment.

Its 2005 predecessor, released before co-stars America Ferrera and Blake Lively won acclaim with their respective TV shows "Ugly Betty" and "Gossip Girl," earned $9.8 million during its first three days, and finished with $39.1 million.

Elsewhere, Universal Pictures’ "The Mummy: Curse of the Dragon Emperor" slipped one place to No. 3 with $16.1 million in its second weekend; its 10-day total rose to $70.7 million. Universal, a unit of General Electric Co, said the Brendan Fraser adventure was the No. 1 movie internationally for a second weekend with $56.1 million from 49 territories; the foreign tally stands at $141 million.

Columbia’s comedy "Step Brothers" fell two to No. 5 in North America with $8.9 million, and now has a $80.9 million after three weekends.

 

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Singapore Telecom Q1 net profit down 5.3 percent

Filed under: Business News - Administrator @ 5:39 am

Singapore Telecom Q1 net profit down 5.3 percent

Source: ABS-CBN News

SINGAPORE - Singapore Telecommunications (SingTel) said Tuesday first quarter net profit fell 5.3 percent from the previous year as a stronger Singapore dollar cut earnings from its regional mobile businesses.

Net profit in the first financial quarter to June came in at 878 million Singapore dollars (622 million US), down from 927 million dollars over the same period last year, SingTel said in a statement.

Operating revenue rose 5.9 percent to 3.78 billion dollars from 3.57 billion dollars.

SingTel warned that currency fluctuations could further hurt earnings, which are reported in Singapore dollars.

Pre-tax profit contributions from its regional mobile phone businesses fell 11 percent to 582 million dollars because of the negative impact of the stronger Singapore dollar against the currencies of the countries where it has businesses.

Lower earnings from the Philippines’ Globe Telecom, Indonesia’s Telkomsel and losses from Pakistan’s Warid Telecom contributed to the decline, SingTel said.

Outside of Singapore, SingTel also has stakes in India’s Bharti, AIS in Thailand and PBTL in Bangladesh. It has a wholly owned subsidiary in Australia called SingTel Optus.

SingTel said that if regional currencies had remained stable, pre-tax profit contribution would have been flat.

"As a high proportion of the group’s earnings are from outside Singapore, the financial performance is sensitive to currency movements in the countries the group operates in," the company said. "The earnings contributions may be further impacted by currency fluctuations."

By mid-morning Tuesday, SingTel shares were trading at 3.49 dollars a share, down nine cents from the previous day.

August 12, 2008

Wall Street gains as oil slips

Filed under: World News - Administrator @ 5:44 am

Wall Street gains as oil slips

Source: ABS-CBN

NEW YORK - Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending.

The gains built on the market’s best week since April. The fall in the price of oil boosted retailers’ stocks before a batch of earnings from Wal-Mart Stores Inc and others, as well as energy-sensitive airline shares.

Apple helped the Nasdaq outperform the Dow and the S&P 500 after Chief Executive Steve Jobs told the Wall Street Journal about heavy demand for iPhone software downloads.

Amazon.com jumped over 9 percent after Citigroup said the online retailer’s Kindle book reader was on track to become one of the top electronics gifts of the 2008 holiday season.

U.S. crude oil futures fell as concerns about slowing global demand combined with a stronger dollar to knock down crude prices, despite the conflict between Russia and Georgia.

But oil prices ended off their lows for the session, which helped take the steam out of the stock market’s rally in the last hour of trading.

"Every time oil falls, stocks rise at the moment. But oil is not going to keep going down every day with all that is going on geopolitically," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

The Dow Jones industrial average rose 48.03 points, or 0.41 percent, to 11,782.35, while the Standard & Poor’s 500 Index gained 9.00 points, or 0.69 percent, to 1,305.32. The Nasdaq Composite Index jumped 25.85 points, or 1.07 percent, to 2,439.95.

Trading volume was low on the New York Stock Exchange, with about 1.26 billion shares changing hands, sharply below last year’s estimated daily average of roughly 1.90 billion, while on Nasdaq, about 2.31 billion shares traded, above last year’s daily average of 2.17 billion.

Bank shares also rose but cut gains in the last hour of trading after a Federal Reserve survey showed banks in the United States further tightened their lending standards and terms in all major loan categories, especially for consumer loans, in the past three months amid a weakening economic outlook.

Apple Inc’s shares rose 2.4 percent to $173.56 on the Nasdaq after the company’s CEO told The Wall Street Journal that iPhone users had downloaded more than 60 million programs for the device in the month since Apple opened an online software marketplace.

AT&T Inc, the iPhone’s exclusive carrier in the United States, rose 2.8 percent to $31.84 on the NYSE. The stock was among those giving the biggest boost to the S&P 500. It also helped lift the Dow.

Amazon.com Inc soared 9.4 percent to $88.09 on Nasdaq after Citigroup’s note.

Shares of Wal-Mart Stores Inc climbed 1.2 percent to $58.56 on the NYSE after Goldman Sachs wrote in a note to clients that the world’s largest retailer may increase its profit forecast.

Shares of Ciena Corp advanced 6.8 percent to $18.17 on Nasdaq after Morgan Keegan raised its rating on the telecommunications equipment makers’ shares.

Advancing stocks outnumbered declining ones by about 5 to 3 on the NYSE and more than 2 to 1 on the Nasdaq.

MYX® NOW AVAILABLE TO COX COMMUNICATIONS CUSTOMERS

Filed under: Business News - Administrator @ 5:39 am

MYX® NOW AVAILABLE TO COX COMMUNICATIONS CUSTOMERS
IN ORANGE COUNTY AND PALOS VERDES

Source: ABS-CBN International

Music and Lifestyle Channel Expands Programming In Southern California

June 26, 2008 (Orange County, CA) – MYX®, the only music lifestyle channel that embraces the entire Asian American community through music, culture and entertainment, announced today that they will now be offered through Cox Communications’ Digital Cable service in Orange County and Palos Verdes.  MYX® is a nationally distributed television channel focusing on the influential Asian American youth community and a broader audience hungry for music fusion. MYX® fuses mainstream hits, the biggest jams from Asia and a healthy dose of independent music.

Cox Digital Cable customers can now view MYX® by tuning to Channel 479, 24/7. MYX®’s full programming schedule can be viewed at http://myx.tv.  The channel is predominantly in English and airs in-language music videos from Korea, Japan, the Philippines and other Asian countries. 

“MYX will continue to expand throughout key markets to target the Asian American youth,” said Enrique Olives, ABS-CBN, Director of Business Development. “We hope to continue expanding in such a way that we are able to reach an even wider audience across the country.”

“Orange County has such a large Asian American audience, and it’s important to us that MYX® is available to all the Cox customers who want it,” said Colleen Langner, Cox Communications Vice President of Sales and Marketing for Cox Communications in Orange County and Palos Verdes.  “We are always working to make sure our programming matches our customers’ diverse interests.”
 
MYX® offers a variety of shows from rock to hip-hop, as well as music videos from all over the world. MYX®’s latest program addition, Built from Skratch, featuring major hip-hop artists and producers including Common and Triple Threat, is quickly becoming a favorite among MYX® viewers, as it uncovers the subcultures inside the hip-hop lifestyle. Other MYX® shows include The Hook, Lovable, MY MYX, Music Bang and Rockslide.

Cox Communications is the third-largest cable provider in the U.S. 

ABOUT MYX®
With its U.S. headquarters in Redwood City, California, MYX® was developed by ABS-CBN, one of Asia’s largest media companies.  It is the only music lifestyle channel dedicated to the entire Asian American community, utilizing music, culture, and entertainment. MYX® can be found on DirecTV 2067, Comcast On Demand and COX Digital Basic Cable.  For more information, visit: http://myx.tv.

About Cox Communications
Cox Communications is a multi-service broadband communications and entertainment company with more than 6.2 million total residential and commercial customers.  The third-largest cable television company in the United States, Cox offers an array of advanced digital video, high-speed Internet and telephony services over its own nationwide IP network, as well as integrated wireless services.  Locally, Cox Communications serves the Orange County communities of Aliso Viejo, Dana Point, Irvine, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Mission Viejo, Newport Beach, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Tustin and some unincorporated parts of Orange County as well as Palos Verdes, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates and parts of San Pedro.  Cox Business is a full-service, facilities-based provider of communications solutions for commercial customers, providing high-speed Internet, voice and long distance services, as well as data and video transport services for small to large-sized businesses.  Cox Media offers national and local cable advertising in traditional spot and new media formats, along with promotional opportunities and production services.  Cox Communications wholly owns and operates the Travel Channel  More information about the services of Cox Communications, a wholly owned subsidiary of Cox Enterprises, is available at www.cox.com, www.coxbusiness.com, and www.coxmedia.com. 

Contact
For MYX: Mai Tran, (415) 218-0166, mai@teasemarketing.com
For Cox Communications: Ayn Craciun, 949-546-2597, ayn.craciun@cox.com

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