Fletcher Building, a building materials manufacturer and distributor based in New Zealand, just released a statement announcing its plans to sell its electrical business. “Fletcher Building Limited today announced that it had entered into a conditional agreement to sell its electrical products distribution business Corys Electrical to Sonepar SA,” the statement reads. “Sonepar SA is… Continue Reading
If you are old enough to remember companies like TWA, Pan Am, Woolworth’s and lots more, then you know that even the seemingly most stable, powerful and successful companies can go belly-up despite their prestige and branding. History teaches its students that the future is just a remake of the past, and what we learn… Continue Reading
The struggling global economy has impacted employment, wages, industries and both import and export markets all over the world. China, though disappointed by slow growth, is one of several countries that has managed to continue generating jobs and increase wages despite the obstacles. Which isn’t to say that their economy is thriving- as a matter… Continue Reading
One of the most crippling problems amongst small businesses is the excessive number of overdue payments. The average SME receives payments from other businesses two months late, and many suffer greatly from the delay. The Guardian lists several tips for avoiding such situations: Don’t make credit management subordinate to sales– Make sure the incentives you… Continue Reading
The numbers are in and the results are that the economy is growing at a sluggish pace, almost too slow to notice. Although slightly higher than the 1.5 percent that the Commerce Department originally predicted, the April to June quarter growth of 1.7 percent is an omen that the US economy during the last half… Continue Reading
The H.J. Heinz Company recently held its annual shareholder meeting. William R. Johnson, the company chairman, president and CEO, announced that the business plans to report “strong first-quarter results.” According to BusinessWeek, these include: Organic sales growth (volume plus price) of almost 5%, marking the Company’s 29th consecutive quarter of organic top-line growth; Net income… Continue Reading
Republican Governor of New Jersey Chris Christie gave the keynote speech at the Republican National Convention in Tampa on Tuesday night, directing much of his speech at the economic crisis and the Republican vision for the future. Here is a collection of some of Christie’s most quotable quotes: • “There’s only one thing missing now.… Continue Reading
After four years of development and a sensational successful run on the TV quiz show “Jeopardy!” IBM’s answer to Apple’s Siri is ready for the next step: placement inside consumer’s pockets. Vice president of innovation at IBM, Bernie Meyerson, says that he sees Watson as a voice-activated electronic personal assistant which can answer questions in… Continue Reading
Together, Jacob Frydman and Mr. Eli Verschleiser created United Realty Partners, a privately held real estate investment and advisory firm. Jacob Frydman undertook his first real estate investment in high school in New Jersey. Since that time, he has received his B.S. in Finance from Boston University and a J.D. from Case Western Reserve University… Continue Reading
For the first time in over ten years American companies took the majority of spots on the top-20 list of the world’s biggest companies. It took ten quarters of economic expansion and profit growth since Standard & Poor’s 500 Index hit rock bottom in March 2009 for the S&P to grow by 109% and send… Continue Reading