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LT Records a Decline for 2013

Lucio Tan-led LT Group, Inc. (LT) recorded a 32% decline in net income for 2013, dropping to Php8.67 billion from Php12.76 billion registered in 2012 on the back of sluggish performances of its units particularly the tobacco business.

LT’s tobacco business saw its net income fall to Php3.94 billion, 43% lower than the previous year’s Php6.91 billion.

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Brooklyn Nights by Lady Gaga Leaks Online

A previously unheard track from Lady Gaga made its way online this weekend. Called “Brooklyn Nights,” the song was meant for inclusion on the singer’s latest album, “Artpop.”

Reportedly recorded in the months that Gaga was working on her 2009 project, “The Fame Monster,” “Brooklyn Nights” is a pop ballad on a line 6 pod that has Mother Monster crooning about a failed relationship.

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Local Equities Going Higher

The local equities market closed the day higher, tracking gains in the US equities market brought on by recently released, robust manufacturing data. This served to confirm suspicions that previous months’ weakness was due to the unusually harsh winter.

Also, markets worldwide were relieved that sanctions imposed by the West on Russia and certain Ukrainian individuals would be of negligible economic impact, thus far. The PSEi surged forward, jumping 66.56 points, or +1.04%, to close at 6,466.55.

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