Accumulated Profits Tax

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Science for the people (3): Public utilities

Published July 8, 2009, 7:54 am, The Manila Times

In November 2002, the Supreme Court ordered Meralco to return billions of pesos to its customers stemming from an overcharge of 16.7 centavos that the electricity distribution company collected since February 1994. The initial pronouncement of the distribution company was to quote a much lower figure than the accumulated excess collections.

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Certain DWS Closed-End Funds Declare Monthly Distributions

Published July 7, 2009, 1:57 pm, Business Wire via Yahoo! Finance

NEW YORK----The DWS closed-end funds listed below announced today regular monthly distributions.

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Tuesday's news and tips

Published July 7, 2009, 1:33 am, Investors Chronicle

■ Recruitment firm Michael Page saw gross profit in the second quarter fall 45% and warned of a challenging third quarter. ■ Self-storage group Big Yellow reported a 6% drop in quarterly store revenues but said trading conditions have continued to show an improvement.

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