TODAY'S BUSINESS HEADLINES

MRT3 owner seeks revisions to terms of maintenance contract 02-Sep-14, 6:45 PM | Darwin G. Amojelar, InterAksyon.com

Faced with P60B settlement with ex-Napocor employees, gov't calling in the chips 02-Sep-14, 5:14 PM | Darwin G. Amojelar, InterAksyon.com

PH stock index returns above 7,100-line 02-Sep-14, 4:47 PM | Krista Angela M. Montealegre, InterAksyon.com

Amid rise in port congestion-related costs, LTFRB orders unbundling of trucking rates 02-Sep-14, 3:13 PM | Darwin G. Amojelar, InterAksyon.com

Century Properties mulls out-of-court settlement with Okada over PH casino project 02-Sep-14, 11:01 AM | Krista Angela M. Montealegre, InterAksyon.com

Time Warner to spin off publishing unit Time Inc.

InterAksyon.com means BUSINESS

NEW YORK - Time Warner said Wednesday it would spin off its publishing arm Time Inc. as a separate company by the end of the year, allowing the US conglomerate to focus on its television and film operations.

Chief executive Jeff Bewkes said in a statement that a spinoff "provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses."

 

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