Latest Corporate News
OpenAI prepares for a public offering
OpenAI is reportedly preparing to go public in the coming weeks, a major milestone for one of the world’s most influential AI companies. A listing would likely draw intense investor attention given OpenAI’s central role in the generative AI boom and its commercial ties across the tech sector.
Meta cuts thousands of jobs in AI-driven restructuring
Meta has begun laying off thousands of employees as part of a restructuring effort centered on artificial intelligence. The move signals continued pressure on large tech firms to reorganize around AI priorities even as they reduce headcount in other areas.
Intuit plans more than 3,000 layoffs
Intuit is planning to lay off over 3,000 employees, with leadership saying the decision is not tied to AI. The cutbacks add to a broader wave of corporate restructuring across the tech and software industry.
James Murdoch buys New York magazine and Vox Media Podcast Network
James Murdoch, son of media mogul Rupert Murdoch, is acquiring New York magazine and the Vox Media Podcast Network. The deal is a notable media consolidation move that could reshape ownership and strategy across digital publishing and podcasts.
Mitsubishi Electric earns top CDP supplier engagement ranking
Mitsubishi Electric said its supply-chain environmental efforts earned a 2025 CDP Supplier Engagement Assessment A score, the highest ranking. The company noted this is its sixth consecutive year and ninth overall receiving top marks for reducing greenhouse-gas emissions and climate-related risks across its supply chain.
FedEx breaks ground on new Clark facility in the Philippines
FedEx has started work on a new facility at Clark, highlighting continued investment in logistics infrastructure in Southeast Asia. The project underscores the company’s focus on network expansion and regional trade capacity.
ICTSI secures a $300 million loan for terminal expansion
International Container Terminal Services Inc. has secured a $300 million loan to support terminal expansion. The financing points to continued capital spending in port infrastructure as global shipping and trade volumes remain strategically important.
Landbank cuts InstaPay fees
Landbank announced a reduction in InstaPay fees to 8 pesos, a consumer-friendly move that could support wider use of digital payments. Lower transaction costs may also intensify competition among Philippine banks and payment providers.
Megawide, Alliance Global, and Filinvest Land release Q1 results
Several Philippine corporates, including Megawide, Alliance Global, and Filinvest Land, reported first-quarter results. Their earnings updates offer a current snapshot of construction, holding-company, and property-sector performance in a mixed economic environment.
Harvard limits undergraduate A grades
Harvard University voted to limit the number of A grades awarded to undergraduates in an effort to address grade inflation. While not a corporate story in the strict sense, the move matters for employers and recruiting because it may influence credential standards at one of the world’s most prominent universities.
EU moves to finalize a trade deal with the United States
The European Union moved to finalize a trade agreement with the United States, which could have major implications for cross-border business, tariffs, and corporate supply chains. A completed deal would likely affect sectors ranging from manufacturing to technology and financial services.
India elevates ties with Italy to a Special Strategic Partnership
Indian Prime Minister Narendra Modi said India has elevated relations with Italy to a Special Strategic Partnership after talks in Rome. The upgrade may open further commercial and investment opportunities between the two economies, especially in manufacturing, defense, and technology.