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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, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
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  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/ on line 48.
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  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ 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/ on line 653.
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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: 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

(April 2013) Clayton Christensen, a professor at Harvard Business School, in his celebrated book, 'The Innovator’s Dilemma,' (1997), introduced the phrase “disruptive innovation.” He suggested that some innovations create new markets and disrupted existing markets, which was reflected in why Fortune 500 companies, no matter how efficiently managed, fell off the list: for rational reasons, their managers were busy satisfying the existing demands of customers instead of imagining how they might satisfy future needs. By satisfying future needs with an entirely new product or service often meant destroying an existing business with its associated revenues, trained employees, production facilities, and supply chains. Creative destruction, Christensen taught, was always easier for a startup with nothing to lose than for an established firm. He outlined how established firms might become innovative in a 2003 sequel, 'The Innovator’s Solution.' At a time of rapid change, the shelf life on this list is short and in recent months, Apple, one of the renowned disruptive companies, has been the subject of speculation on whether it can maintain its record of disruption. Recent data shows that more than half the companies in the Fortune 500 are replaced every decade, if one includes companies coming on and off the list.
(April 2013) Novartis, the Swiss pharmaceutical firm, on Monday lost a seven-year patent battle over its cancer drug Glivec in India, raising fears that western pharmaceutical firms will be forced to permit generic rivals to sell copies of their key drugs in the world's second most populated country. The Swiss drugmaker generates about $9.5bn (CHF9bn), or 16% of its total sales from generic medicines.
(March 2013) Last year two of China's Alibaba e-commerce portals together handled 1.1tn yuan ($170bn) in sales, more than eBay and Amazon combined. Alibaba is on track to become the world’s first e-commerce firm to handle $1tn in transactions and speculation is mounting that it is planning an IPO (initial public offering). Jack Ma, the former English teacher who founded Alibaba from his apartment in 1999, said at a conference in Hong Kong this month: “I told the prime minister that the next five years will be the golden period of e-commerce and Internet in China.” Today, Alibaba Group alone accounts for about 5% of China’s retail sales, Ma said. In five years, about 30% of the country’s retail sales will be online, even based on a conservative view, he added.
(March 2013) Only one in 5,000 drug candidates makes it to the market. Out of between 5,000 to 10,000 candidates for a new drug, only about 250 will show sufficient promise to be further evaluated in laboratory and animal tests. About 10 of these will qualify for tests on humans.
(March 2013) AstraZeneca was formed in April 1999 through the merger of Astra AB of Sweden and Zeneca Group PLC of the UK and in response to the pressures on the pharmaceutical industry, the UK's second-biggest drugs firm said on Monday that it will be cut and move 2,150 staff from the Tatton, Cheshire constituency of George Osborne, chancellor of the exchequer, as part of a plan to invest in strategic research and development centres in the UK, the US and Sweden to improve pipeline productivity and to establish the company as a global leader in biopharmaceutical innovation.
(March 2013) US companies such as Ford, IBM and McDonalds have invested some €130bn in Germany. Most would expect an attractive business location behind that drive, but can Germany really deliver? US investors are reported to be wary of what they think is a widespread self-complacency of Europe's largest economy, some energy-intensive companies are reconsidering Germany as a business location.
(March 2013) A Wall Street Journal analysis of 60 big US companies has found that, together, they parked a total of $166bn offshore last year. That shielded more than 40% of their annual profits from US taxes, though it left the money off-limits for paying dividends, buying back shares or making investments in the US. The 60 companies were chosen for the analysis because each of them had held at least $5bn offshore in 2011.
(March 2013) Apple's shares fell last Monday to a closing price of $420.05, a drop of 2.4% from Friday's closing price. At that share price, Apple's market cap was $394.4bn. The company's valuation hasn't been that low since late 2011. By Friday, Apple's share price closed at $431.72 giving the company a market cap of $405.2bn compared with a record high of $658bn in September 2012. Ten years ago the share price closed at $12.50 and months later in 2002, the price dipped to $7. So over the decade the Apple share price has risen more than 7,000% compared with a 20% rise in the S&P 500, the main broad measure of US share performance.
(February 2013) It seems apparent that innovation will be required across the energy sector in order to help it meet the twin challenges of rising energy demand and climate change. But seemingly well-meaning policies can turn out to have an adverse effect on innovation and the world’s current economic woes may limit the pace of investment. In which energy sources is innovation most needed? How can governments get the policy framework right for stimulating innovation, and then put it to work?
(February 2013) Last year a survey of innovation managers in big companies across the world, classified only 7% as innovation leaders. What are the barriers to innovation?