TODAY'S BUSINESS HEADLINES

Winning Korean bidder seeks reduction in $440.88-million price tag for Angat power plant

19-Jun-13, 6:09 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Pag-Ibig mulls P5 billion investment in stocks

19-Jun-13, 5:56 PM | Darwin G. Amojelar, InterAksyon.com

Asia Brewery eyes dairy manufacturing hub in Laguna for exports to Southeast Asia

19-Jun-13, 5:45 PM | Krista Angela M. Montealegre, InterAksyon.com

Philippines' forex surplus up a third at end-May

19-Jun-13, 5:07 PM | Likha Cuevas-Miel, InterAksyon.com

Globe sets P7-billion debt sale to finance Bayan takeover

19-Jun-13, 3:54 PM | Darwin G. Amojelar, InterAksyon.com

Time Warner to spin off publishing unit Time Inc.

By: Agence France-Presse
March 7, 2013 7:01 AM

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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