Phenny Lynn Palec

Phenny Lynn Palec
Writer
Phenny Lynn Palec finished her Bachelors degree in Journalism in 2007. She has worked for online news publication for years. Phenny now is an economy news writer for Business Times.

The Latest

  • Swine Fever Concern Grows as China Bans Pig Imports
    People's Pig
    China imposed a ban on swine products coming from Belgium and Japan. The United States might halt all pig and hog imports as the virus spreads.
  • H5N6 Bird Flu Outbreak Spreads As China Recovers From Swine Fever
    Chickens
    New Cases of H5N6 bird flu was reported in a poultry farm in southern Hunan province according to the Agriculture Ministry on Tuesday. China is also struggling to control the African swine fever outbreak in some affected areas in the country.
  • Bill Ackman's Hedge Fund Invests $900 Million Starbucks
    Starbucks logo
    Pershing Square Capital, the hedge fund owned by activist investor Bill Ackman, recently closed an investment deal with Starbucks worth $900 million. Mr. Ackman himself confirmed the deal during a conference in New York on Tuesday.
  • Geely, Daimler Plans to Take Didi Chuxing
    Daimler
    Recent reports claim that German auto manufacturer Daimler AG is currently in talks with Geely, a multinational auto corporation based in China. According to reports, Daimler is seeking to setup a joint venture with Geely as part of its effort to establish a car sharing and ride hailing service in China.
  • Deutsche Bank Upgrades Walmart's Rating
    Deutsche Bank
    Deutsche Bank upgraded the stocks to Buy of Walmart. Separately, Adidas closed the deal to produce Arsenal uniforms while Trian Partners is interested in take-over Papa John’s Pizza.
  • Worker Bonuses Threatened by Amazon's Wage Increase
    Amazon
    While many have lauded Amazon’s decision to increase employee wage, some experts are skeptical about the long term effect of this. Some observers even went as far as saying that this wage increase will hurt workers in the long run.
  • Weiqiao Manager Retires, Son Expected to Take Post
    China Unfazed Despite Stock Market Drop
    Zhang Bo, the Chairman, and general manager of China Hongqiao will take over the business following the retirement of his father Zhang Shiping as chairman. Weiqiao Pioneering Group is the parent company of the world’s leading aluminum producer, the China Hongqiao.
  • African Swine Fever Reaches Liaoning Province
    People's Pig
    China confirmed cases of African swine fever in the northern province of Liaoning. The Ministry of Agriculture and Rural Affairs reported in a statement published on its website on Monday that several villages in Yingkou city suffered from the fever outbreak killing 93 pigs and infecting 334.
  • Brazilan Meatpacker JBS Announces Massive Expansion Plan
    Meat
    Widely considered as the world’s largest meat processing company in terms of sales volume, Brazilian company JBS S.A. recently announced that it is expanding its production capacity. The company is investing $12 million in order to boost production at two of its domestic facility. The expansion was the company’s response to growing demand for beef exports, especially in China.
  • Netflix Expands to New Mexico
    Netflix
    Last year, Netflix transferred to its new headquarters in Los Angeles. Following this transfer, the company expanded by incorporating several sound stages in order to cater to the company’s production needs. Recently, the company is pushing its expansion efforts with the acquisition of ABQ Studios located in Albuquerque, New Mexico.
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