Business Economy

Coca-Cola Is the Most Valuable Brand for Eighth Year in a Row

admin — Mon, 29 Sep 2008 14:51:23 -0700

According to the report presented by Interbrand, a brand consultancy company, the image of Coca-Cola Co. was overall the most valuable for eight years in a row. It is worth mentioning that the consultancy company ranked different brands according to the revenue of each company.

The number one search engine, Google, was the one to register the most impressive increase in value. This is mainly because the company introduced some of its news features, including Google Mobile, Google Docs & Spreadsheets and Google Book Search. According to Interbrand, Google's new features allowed the company to increase its value by $25.59 billion.

Coca Cola to Purchase Chinese Drinks Market Leader

admin — Mon, 15 Sep 2008 15:52:01 -0700

According to the watchdog of People's Republic of China, he country is going to apply anti-monopoly rules in evaluating the bid of Coca Cola Company to purchase Chinese juice firm called Huiyan. The

United States

popular drinks company Coca Cola looks forward to swallow the Chinese company is a bid that reaches $2.5 billion.

The move of the American company will be closely monitored due to the fact that such case is the first under China's new antitrust laws.

Boeing Company - the second major strike

admin — Sun, 07 Sep 2008 09:39:23 -0700

The Boeing Company, whose order books are bulging with demand for its planes, was hit by its second major strike in three years early Saturday, when the union that represents 27,000 machinists in Washington State, Oregon and Kansas walked off the job.

The union, the International Association of Machinists and Aerospace Workers, said its members struck Boeing at 3:01 a.m. Eastern Daylight Time after last-minute talks, held in Florida, failed to bring an agreement. No new talks were scheduled.

Stella Artois Firm Acquires Budweiser Producer

abc — Thu, 17 Jul 2008 13:49:08 -0700

Two brewer companies, Anheuser-Busch, based in United States, and InBev, a Belgium firm, reached an agreement that would set up a new beer maker, which is believed to be the largest in the world.

InBev's takeover bid totals $52 billion. Anheuser accepted the offer of the Stella Artois beer maker. The newly established company is going to be called Anheuser-Busch InBev. It is worth mentioning that the U.S.-based Anheuser-Busch is the producer of America's most popular Budweiser. The takeover has faced criticism from some of the U.S. politicians, due to the fact that the company is going to be taken over by a foreigner.

Canon to Erect a New Factory for Digital Cameras

abc — Wed, 16 Jul 2008 15:45:12 -0700

On Monday, July 7, 2008, the Japanese electronics corporation, Canon, stated that it looks forward to build a new plant for producing digital cameras as the competition between domestic and foreign companies intensifies.

In a statement the company mentioned that it would invest 17.4 billion yen, which is about 163 million dollars in the factory. It is worth mentioning that the factory will be built in Nagasaki, in western Japan and it ill be used for making compact and single-lens reflex digital cameras.

Japan's Largest Domestic Airline to Purchase Superjumbo Planes

abc — Wed, 16 Jul 2008 15:37:23 -0700

Officials from All Nippon Airways Co, mentioned that the company looks forward to acquire whether five Airbus A380s or other aircrafts meant for long-term routes. The company's spokeswoman, Nana Kon, stated that Japan's second-largest international airline and the country's number one domestic airline set up a team which is going to decide on the aircraft that ANA will buy.

"We have several options including the A380, from which we plan to choose the optimal equipment," Kon said. Besides, ANA also considers the acquirement of such jets as Boeing 787 and 747.

Chrysler to Expand on Chinese Market as Sales Slump

abc — Wed, 16 Jul 2008 15:03:56 -0700

The American automobile manufacturer, Chrysler LLC, announced that it was able to achieve an agreement with a Chinese manufacturer, Great Wall Motor Co, to work on sharing technology, component parts, as well as distribution. The agreement comes after the company was in search for foreign partners, which would help Chrysler LLC drive its business, after sales in the

United States

registered a significant decrease. Today Chrysler is the smallest giant from the trio of major car makers in the

United States

. It is worth mentioning that currently the company aims towards expansion on the Chinese market and it already managed to make a deal with

China

's Chery Automobile Co. to manufacture low-cost cars for sale under Chrysler's Dodge brand.

General Motors May Face Bankruptcy

abc — Wed, 16 Jul 2008 14:33:15 -0700

The shares of General Motors registered a downfall to their lowest mark in over 53 years, raising concerns regarding the future of the car maker. A warning for General Motors came from the investment bank Merrill Lynch, which said that the company might become bankrupt and that it needs to raise funds.
The company's sales fell down critically due the fact that consumers from the United States decided to save on spending and high cost for the fuel, switching to cars that are smaller and more cost-effective. The company's shares hit $9.96, before they closed down 15 percent at $9.98 on Wednesday, July 2. Such share price is the lowest since September 1954, the period when the GM stock fell down to $9.92.

Until now the prices of the company's shares registered a 60 percent downfall and according to the predictions of Merrill Lynch, the prices for the company's shares may fall even further.

Firefox 3.0: Over 8 Million Downloads in 24 Hours

abc — Wed, 16 Jul 2008 10:30:52 -0700

Mozilla Firefox was officially registered in the Guinness book of records as the most often downloaded software in a 24-hour period. The final result was 8,002,530 downloads of the Firefox 3.0 Internet browser. The results were registered in June.

"The enthusiasm and creativity of Firefox fans was key to making this happen," outlined the marketing director Paul Kim. The representative of Guinness World Records, Gareth Deaves, commented on the achievement of Firefox, calling it "an extremely impressive accomplishment." The official number was announced after the inspection of the logs from download servers, which ensured that duplicated and canceled downloads are not calculated.

500,000 Square Miles of Rocky Mountains to be Acquired for $500M

abc — Wed, 16 Jul 2008 10:22:42 -0700

A company with headquarters in Seattle agreed to sell 300,000 acres from the Rocky Mountains for conservation. It is worth mentioning that in such a way the company looks forward to protect some of the most prized territories in the region from development. The current land deal is considered to be the largest of its kind in the history of the United States.

Over 300,000 acres of land featuring threatened and endangered animals such as grizzly bears and lynx will be transferred to public ownership after the government made a deal with the Seattle-based company, Plum Creek Timber. The deal is valued at $500,000 and for signing the agreement a ceremony took place in Montana on June 30.