Hong Kong based billionaire Mr. Li Ka-shing, who controls a group of companies, has agreed on buying a UK based Gas Company named Wales and West Utilities. The agreement has been settled for 645 million pounds or 1 billion dollars. This latest acquisition by the tycoon will greatly boost his gas portfolio in Britain.
The prominent rise witnessed by Asian shares on Tuesday has been attributed to the expectation of additional stimulus from the United States Federal Reserve and the European Central Bank. Policy meetings were convened by both institutions this week but the doubts surrounding the lasting success of any sort of measures taken by the ECB put a ceiling on the euro.
Only two weeks ago Marissa Mayer was announced a new CEO of Yahoo. The company, which these days is described as a struggling internet giant, found Marissa Mayer from Google to be better than Ross Levinsohn. Yahoo Inc. informed that Ross Levinsohn had decided to leave the company after he was overlooked for the CEO post. Levinsohn was believed to have been a strong internal candidate for the position.
According to the document that was published in a business magazine simple proposals for the improvement of the legitimate policies were stated. The Labour party’s spokesman stated that the document included efforts to lower the costs of the banks’ lending among themselves during the crunch credit situation. The finance minister of the coalition, George Osborne was called upon to withdraw the false allegations on the people close to Brown were made that they were involved in the scandal of rate fixing.
The month of May brought sunshine to the United Kingdom, in more than one way. As per the Office for National Statistics, the Retail Sales rose by 1.4 percent against the prediction of 1.2 percent, which led to an annual rise by 2.4%. While clothing and footwear were the show stoppers, plus food and drink also doing fairly well, the big tickets on the other hand had to suffer with restrained shopping, if not dwindle, on account of the reserved minds for jobs and economy as a whole.
35 years of walking hand in hand, over 7,50,000 people from businesses and corporations over all these years, more than 7000 different companies across the globe, and a single motive- JP Morgan Chase Corporate Challenge. The event that started for fitness at work place is today a place to meet people from various milieus, build camaraderie, to create a charity for the needful and various such objectives.
So which are you, a leader or a follower? Are you satisfied with your current role or do you wish to change? Do you want to leave behind the burden of leadership and become a follower? Do you want to set yourself apart from the crowd and wear the leader badge? Let’s take a look at some essential differences that distinguish leaders from followers.
The Bank of Japan sliced its growth forecast for the financial year 2012, starting in April, keeping its zero-interest policy on hold, with the global demand reducing and keeping yen strong due to eurozone debt crisis. The BOJ is also counting on spending for reconstruction after last year’s earthquake to support a fragile recovery.
Even after a Fantastic failure to re-invent itself over the last decade, Eastman Kodak, the iconic film manufacturer, is forcing down its current strategy for rejoining the ranks of leading technology companies. Eastman Kodak filed for bankruptcy protection early Thursday morning, trying to follow the path of similar American corporations that have reinvented themselves after a court-supervised reorganization.
Jerry Yang, co-founder of Yahoo Inc., quit the company eliminating one of the last remnants of a management team. The management team was blamed by investors for failing to hunt for a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.
Guess who’s back in Chapter 11! The Twinkie maker, Hostess is preparing to cut down its high costs as it reverts back into bankruptcy protection for the second time in almost less than a decade. It has been just three years that the Twinkie maker emerged from an earlier restructuring.
Florida-based B/E Aerospace, aerospace manufacturing industry leaders of aircraft cabin interior products and distributor of aerospace fasteners and consumables in the aerospace industry, signed a deal to acquire UFC Aerospace Corp. for $400 million in cash.
Olympus Corp, the maker of camera and medical equipments said Tuesday that it is suing 19 of its former and current employees for mismanagement. Olympus revealed to a business magazine that all board members subject to the lawsuit to quit in March or April, leaving it in the extraordinary position for now of continuing with its most senior executive, Shuichi Takayama, and five other directors it is taking to court for mismanagement.
Asian stocks climbed up for a second day as Australian building permits beat estimates and U.S. consumer credit supplementing to signs the global economy is weathering Europe’s debt crisis. The South Korean won saw the highest rise in three weeks pointing out that Eurozone leaders are working hard to tackle the debt crisis.
Media mogul Rupert Murdoch has been on Twitter for the past week, tweeting commentary on politics, family and work. In just 48 hours, Murdoch amassed over 45,000 followers, and currently has over 120,00o followers. Industry Leaders like Murdoch, with influence in business magazines such as ours, ought to be on Twitter too (if not already). Here are a few things industry leaders can learn about social media from moguls like Murdoch
Heineken’s flagship beer has lost U.S. market share to the likes of Belgium’s Stella Artois over the last five years, and is using Dos Equis, which Heineken acquired in 2010, as way to boost that market share once more. Sales of Dos Equis beer rose 17 percent for the quarter ending in October 2011, compared with Heineken’s 1-percent sales decline and industry wide declines of about 2 percent.
People all across the world have engaged themselves in buying more tech gadgets, giving the industry leaders a chance of entering another phase of what we call the digital revolution. Stimulated by growth in emerging tech markets, the global tech device spending is estimated to hit $1 trillion for the first time in 2012.
Small and medium-sized business owners in the United States were the second most likely (at 26%) after those in Spain (39%) to believe they could make more money running their own business than they could while they while were employed. That statistic is just one of the many business trends revealed in a recent wide-ranging international survey released recently by business insurance firm Hiscox.
Earning more than $1 million a year? Get ready for a tax audit. The Internal Revenue Service reported in a business magazine Friday that workers and businesses underpaid an estimated 17 percent of their taxes, that brings it to $385 billion for tax year 2006, in its latest report on the nation’s “tax gap”—an estimate of taxes owed but not paid. In the most recent year studied, the businesses also failed in returning the government a substantial $450 billion that it was owed.