25 July 2011.
The phone-hacking scandal which has engulfed Rupert Murdoch’s News International – a British subsidiary of News Corporation – has exposed shocking levels of collusion between media and politicians; but also media and police going back three decades.
Starting off as a used-book store in 1971, Borders pioneered the growth and boom of the book superstore with its wide selections and cheap pricing. But analysts believe the company began to lose its edge at the onset of the digital era, missing important shifts in the industry as consumers migrated online and toward digital books.
Hard week at work? Well, here are some management jokes for a Friday chuckle:
Cisco Systems Inc. revealed plans to shed about 9% of its staff in a bid to trim its operating costs and improve the company’s profitability.
The networking equipment maker said the impending cuts will save the company about $1.3 billion in restruturing charges over several quarters. Some 2,100 employees will be leaving the company on a voluntary early-retirement programme, while the remaining 4,400 employees would be laid off.
Rupert Murdoch was attacked during a parliamentary hearing on Tuesday by an angry protestor – with a pie. The CEO was called a “greedy billionaire” by the 26 year old man who tossed a shaving cream pie at the CEO of News Corporation.
Murdoch appeared stunned but unharmed.
In a report from CNN;
Murdoch’s wife, Wendi Deng, who was seated behind him, leapt to her feet and smashed the attacker’s hand with her own.
What does it take to become a millionaire?
The funny thing is; sometimes in life, you don’t have to be clever to be rich. Throughout history, the biggest brains, inventors and entrepreneurs lived as paupers. While the simplest of folkes struck it rich with ideas a 5 year-old could have come up with. I guess that’s what they call “dumb luck”.
Here are the 10 weirdest million dollar ideas:
1. Ashleymadison.com: A dating website for people to have an affair
The National Bank of Abu Dhabi (NBAD) became the first Middle Eastern financial institution to issue a Samurai bond last week when it sold 10 billion yen (US$127 million) of 15-year bonds – with a fixed coupon rate of 2.6 percent.
In a press statement, NBAD said that its issuance of the Samurai bond was part of its strategy to diversify its funding sources while extending its liability profile.
15 July 2011.
As far back as the Middle Ages, history provides plenty of lessons on the effects of the failure of financial institutions, of consumer ignorance being exploited through the sale of inappropriate securities, pension plans, and mortgages, and of high and opaque charges for financial products and services. Arguably, regulation has become imperative today, given the increasingly transnational nature of financial markets.
Seattle-based coffee giant Starbucks Corp. will introduce a new global operational structure in September this year, as it moves ahead with plans to increase its current international revenues from 20 percent per annum to more than 50 percent.
Presently, The company has around 11,000 outlets in the US and Canada, compared to just 6,000 outlets in the rest of the world.
