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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Key Company News

Key Company News

(May 2013) The pace at which the United States produces $100m companies has been stable over the last 20 years despite changes in the economy. However research shows that the locations and sectors in which those companies are created are changing. While information technology is important, it is not the most important contributor in percentage terms to the $100m firms in the United States on a founding cohort basis. Instead, the largest contributors, in percentage terms, are consumer discretionary and industrials. After all, the consumer discretionary and the industrial sectors are the largest non-government segments of the US economy, so it stands to reason they produce more companies, many of which, in turn, go on to become large and successful.
(May 2013) Nokia, Europe's once lone global consumer electronics champion, became the world's biggest mobile phone handset manufacturer in 1998 and in 2001 when the company’s individual share value stood at over €65, Nokia accounted for 4% of Finland's national GDP and contributed over a billion euros in tax revenues. The company's employment in Finland peaked in 2005 at 24,000 and in the key smartphone market Nokia is now a minnow with a low single digit market share compared with the giants Samsung and Apple. Rovio, the company behind the Angry Birds game app for smartphones, has become the second most well-known Finnish high-tech company in recent times.
(May 2013) Microsoft is preparing to perform a U-turn over key aspects of its much maligned Windows 8 operating system. PC shipments plunged in the first quarter of 2013 and confusion following a major overhaul of Microsoft’s operating system, Windows 8, in late 2012 is seen as accelerating the blues.
(May 2013) Following last week's announcement by Apple that it would buyback a further $55bn in shares to make a total value of $100bn over the next two years, the electronics giant raised $17bn through the sale of a corporate bond on Tuesday, avoiding drawing down $102bn of its cash hoard of $145bn that is technically overseas. It saved a $9bn tax bill through that manoeuvre. Apple made a tax provision of $713m on its foreign pre-tax earnings of $36.8bn in 2012, giving the company a foreign effective tax rate of 2%. As its main global operations centre outside the Americas and China, is in Ireland, a big chunk of the foreign earnings would have been routed through Ireland.
(May 2013) In July 1995, a former hedge fund executive launched a website that aimed to upend the traditional way of selling consumer goods, starting with books but soon expanding into a diverse array of products. Dubbed Amazon.com, Jeff Bezos’s business went on to disrupt not only the way people typically shop, but also the book publishing industry itself, en route to becoming the world’s largest online retailer. It now serves as a prime example of how technology can enable innovative companies to fundamentally rethink the way business is done, as opposed to merely optimising existing processes.
(May 2013) High CEO pay and benefits has been in the news again with Marissa Mayer reported to have been awarded total pay of $36.6m for her first six months as chief executive of Yahoo! even as the internet company’s board made efforts to quell shareholder anger about excessive pay. This week Alfredo Sáenz (70) resigned as chief executive of Banco Santander with a €88.2m pension pot he has to survive on. Then there is Ron Johnson, a former Apple manager and now fired CEO of JC Penney, the department store group, who made an astonishing 1,795-times the average wage and benefits of his department store workers.
(April 2013) In the past week, Samsung Electronics and Apple reported quarterly results while in the first quarter of 2013 smartphone sales overtook dumb phone sales for the first time. Meanwhile, struggling Nokia, is trying to shore up its once dominant position in the basic market by launching a $20 handset.
(April 2013) German companies listed in the Deutsche Börse's benchmark DAX index have announced they'll pay record dividends to shareholders this year. US dividends this year are also due to break records.
(April 2013) On Wednesday, the US Federal Trade Commission (FTC) testified at a meeting of the United States Senate Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights on ending anticompetitive “pay-for-delay” agreements: settlements of patent litigation in which a branded pharmaceutical manufacturer pays the generic manufacturer to keep its competing product off the market for a certain time. Actelion, a Swiss company, has a drug Zavesca, which is used to treat two inherited diseases that affect the way the body handles fats. The treatment costs $229,000 annually and the patent is due to expire this year.
(April 2013) The past few years have witnessed a revolutionary change in the way technology has permeated everyday life, providing access to information, connecting people with their personal networks, and enabling them to buy products or services. The exponential growth of smartphones and tablet users (46% and 98% respectively from 2011-2013), the rise of social media, and the need to be connected at all times are only a few signs of the major digital revolution we are currently experiencing. Yesterday, it was reported that worldwide PC shipments totaled 76.3 million units in the first quarter of 2013 (1Q13), down -13.9% compared to the same quarter in 2012 and worse than the forecast decline of -7.7%, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The extent of the year-on-year contraction marked the worst quarter since IDC began tracking the PC market quarterly in 1994. The results also marked the fourth consecutive quarter of year-on-year shipment declines. So against this backdrop, it's appropriate that Samsung Electronics and Apple are the top global consumer product companies in 2013.