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Bottom line: Al Gore, IBM, iflix, H&M, Post-it

Find out what the former US vice president is doing now in the country, plus the latest on these brands.
By Entrepreneur Staff |

 

Al Gore 2

AL GORE IN PH. The former US vice president and environmentalist is in the country to make a documentary and hold the 31st Climate Reality Leadership Corps training. Photo from The Climate Reality Project website

 

 

Al Gore in PH for climate change talks

The former US vice president and environmentalist visited the Super Typhoon Haiyan (Yolanda)-hit Tacloban on March 12, as part of his new documentary on climate change, CNN Philippines reported.

 

From March 14 to 16, Gore will also hold here the 31st Climate Reality Leadership Corps training, in partnership with The Climate Reality Project.

 

On Monday, Gore will give a presentation on the reality of the climate crisis and the global movements calling to act on it now.

 

 

ABS-CBN, IBM ink deal

Philippine TV network ABS-CBN Corporation has sealed a deal with global technology firm International Business Machines Corporation (IBM).

 

The application management services agreement is eyed to modernize the network’s information technology (IT) operation, and support ABS-CBN’s digital transformation, said Carlo Katigbak, the president and CEO of the network.

 

The agreement will also allow the network to produce quality content for Filipino audience while IBM manages the IT infrastructure of ABS-CBN, IBM Philippines President Luis Pineda said.

 

 

PLDT now owns 7.5% in iflix

Philippine Long Distance Telephone Company (PLDT) now owns 7.5% shares in Kuala Lumpur Malaysia’s iflix.

 

PLDT converted into ordinary shares its $15-million investment in the video streaming service rivaling Netflix in Southeast Asia.

 

The new round of funding was completed last week by PLDT, led by European entertainment firm Sky Plc and Indonesian company Emtek Group, through subsidiary PT Surya Citra Media Tbk (SCMA).

 

 

Caitlyn Jenner’s new face of H&M Sport

For her Olympic gold-medal winning years as decathlete Bruce, Caitlyn Jenner is reportedly joining H&M’s sports advertising campaign.

 

Fortune reported that Jenner will star in the fast-fashion retailer’s athleisure campaign, selecting her for being “one of the world’s most celebrated athletes,” Fortune reported, citing an email from an H&M’s spokeswoman.  

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Fortune noted that since she announced her transition to a woman, Jenner is reportedly to benefit from lucrative sponsorships, mostly tie-ins with beauty brands.

 


 

 

Post-it Note

STICKY SITUATION. 3M Company, the one produces Post-it Note, is facing a $400-million lawsuit from the supposed inventor of the product, Alan Amron. Photo from Flickr / Ignacio Palomo Duarte

 

 

Post-it faces sticky lawsuit

3M Company, which produces the ubiquitous Post-it notes, is now facing a $400-million lawsuit from the inventor of the sticky-pack product.

 

Associated Press reported that inventor Alan Amron, 67, who holds 40 US patents said he invented what he called the Press-on Memo in 1973, a full year before 3M scientists developed what became known as the Post-it Note.

 

Amron settled a previous lawsuit against 3M, but he is suing again in federal court in Fort Lauderdale, Florida, saying the company breached its previous agreement not to take credit.

 

“l just want them to admit that l’m the inventor and that they’ll stop saying that they are the inventor. Every single day that they keep claiming they invented it damages my reputation and defames me,” Amron said in a recent interview, as quoted by Associated Press– Lynda C. Corpuz

 

 

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Bottom line is a recap of the weekend news on business, economy, finance, entrepreneurship, and more. 

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