INTRO TO BUSINESS - 104

I enjoyed your class, it was very informational and interesting.

CITIGROUP NAMES NEW C.E.O

Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as its chief executive officer Tuesday, charging him with restoring the bank’s profitability and reputation after missteps in lending and investing left Citi with billions of dollars in losses this year.

YOUR INTIALS MAY SPELL SUCCESS

If your name begins with a "C" or a "D" you may not fare so well in school, but don’t think about changing your name to one beginning with an "A" or "B" — it won't boost your GPA.
This relationship between a person's initials and how well he or she performs in school was recently determined in a series of psychological studies examining how the so-called "name-letter effect" influences performance in different situations.

COCA-COLA Co. C.E.O TO STEP DOWN

In a surprise move, the chief executive of The Coca-Cola Co. will step down after four years as head of the world’s largest beverage maker and be succeeded by his second-in-command, the company said Thursday.

SERVICE SECTOR EXPANDED IN NOVEMBER

The nation’s service sector showed further expansion in November, but at a pace slower than the month before and below analysts’ expectations.
The latest figures provided more evidence that the nation’s economy has been cooling in the face of higher oil prices and a tighter credit market.

DID MORGAN SPURLOCK FIND BIN LADEN?

Rumors are flying that filmmaker Morgan Spurlock of "Super Size Me" fame may have done what the United States government has failed to do for the last six years — find Osama bin Laden.

BIG AIRLINES PLAN CUTS AS ECONOMY WEAKENS

Several major airlines Tuesday outlined plans to slow their growth and cut costs to deal with higher fuel prices and the prospect of an economic slowdown that could hurt air travel.
Executives for some carriers also said they are actively planning for airline mergers, although they were careful not to discuss specific combinations.
“We are not standing around waiting for consolidation to happen. We’re interested in that,” said Jake Brace, chief financial officer of United Airlines.

BUS 104 SYLLABUS - NOVEMBER BLOG ASSIGNMENT

PART 1 -BUSINESS IN A GLOBAL ENVIRONMENT
Chapter 1 Business 2006 and Beyond
" 2 Business ethics and Social Responsibility
" 3 Economic Challenges facing Global Business
" 4 Competing in Global Markets
PART 2- STARTING AND GROWING YOUR BUSINESS
Chapter 5 Options for organising Small and Large Business
" 2 Starting your own Business
" 7 Electronic Ccommerce
PART 3- MANAGEMENT: EMPOWERING PEOPLE TO ACHIEVE BUSINESS OBJECTIVES
Chapter 8 Management, Leadership and internal Organization
" 9 Human Resource Management
" 10 Improving Performance through Empowerment
" 11 Production and Operations Management
PART 4- MARKETING MANAGEMENT
Chapter 12 Customer Driven Marketing
" 13 Product and Distribution Management
" 14 Promotion and Pricing Strategies
PART 5- MANAGING TECHNOLOGY AND INFORMATION
Chapter 15 Using Technology to manage information
" 16 Understanding accounting and Financial Statements
PART 6- MANAGING FINANCIAL RESOURCES
Chapter 17 Financial Management and institutions
" 18 Financing and Investing through Securities

WHY BLACK WOMEN PREFER CLINTON TO OBAMA

One of the intriguing stories of Campaign '08 is the popularity of Hillary Clinton with black women who might be expected to support Illinois Sen. Barack Obama, the first African-American to emerge as a serious contender for a major party presidential nomination.

GLAXOSMITHKLINE BUYS RIVAL FOR $1.65 BILLION

LONDON - GlaxoSmithKline PLC will buy heart drug specialist Reliant Pharmaceuticals Inc. for $1.65 billion in cash, the company said Wednesday.

OIL FROM ALGEA? SCIENTISTS SEEK GREEN GLOD

The 16 big flasks of bubbling bright green liquids in Roger Ruan's lab at the University of Minnesota are part of a new boom in renewable energy research.
Driven by renewed investment as oil prices push $100 a barrel, Ruan and scores of scientists around the world are racing to turn algae into a commercially viable energy source.

CENTRAL BANK SAYS ECONOMY LOSING SPEED

The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season.
The Federal Reserve’s new snapshot, released Wednesday, suggested the strains from a severe housing slump and a painful credit crunch are affecting the behavior of individuals and businesses alike — making them somewhat more cautious.

AMERICAN REDCROSS PRESIDENT OUTSTED

Plagued by turmoil at the top, the American Red Cross ousted its president, Mark Everson, on Tuesday for engaging in a "personal relationship" with one of his subordinates. He took the challenging job just six months
The congressionally chartered charity, America's foremost emergency responder, has now had five leaders in the past six years including the interim chief named to fill in for Everson.

AFRICAN AMERICAN WOMEN: WHERE THEY STAND

Editor's note: Rehema's report airs on tonight's broadcast, in Part One of our series, African American Women: Where They Stand
For years, Black women have told their daughters they may have to take care of themselves without a husband so it's imperative that young women develop skills.

It is happening.

The numbers of Black women earning college degrees and taking leadership roles in the workplace are impressive.

And the huge achievement gap between African-American women and men is astounding. Black women are making gains in record numbers. It may suggest to some that Black women have gotten the empowerment message and have met all accomplishment goals. That would be only half right. According to research, there is still a lot of work to do.

Black women, like all female business owners, still lack business parity with men in some key areas.

Most of the companies owned by Black women are part-time ventures, often run from home at night and as a way to boost daytime pay as women care for children and/or aging parents. And according to the Center for Women's Business Research, as of 2006 just 5 percent of companies owned by Black women had employees, versus 10 percent for Black men. Annual revenue averaged $29,000 compared to $77,000 for Black men.

Still, Black women are moving ahead "... driving trends in the market place, and there are advertisers that are seriously starting to pay attention to her," says Angela Burt-Murray, editor-in- chief of Essence Magazine.

"I think this is the best time in our history to be a Black woman in America. By most conceivable measures we are excelling."

But she and others caution that as there is excitement about the advancements made by Black women, society should be equally concerned about how Black men are falling behind academically and economically. Plus, some caution against viewing those disappointments as affecting only African-Americans.

"I don't think that what you are seeing right now should be viewed in isolation. Researchers will tell you that the trends you see in the African-American community really are the precursor to what is going to happen in the general population," says Burt-Murray.

All the more reason to pay attention to what's happening to Black women and men and to understand that their story is not just an African-American story. Far from it.
This is an American story deserving everyone's concern.
Click here for the full section and to watch more videos on the series.

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HOW CLEAR IS THE CENTRAL BANKS CRYSTAL BALL?

When it comes to forecasting U.S. inflation, the Federal Reserve staff's crystal ball appears to be about as clear, or in some cases foggy, as the private sector's.
That's the conclusion of a pair of academics who compared Fed staff forecasts with those of private-sector economists over a period of three decades.

PERSONALIZED MEDICINE

Personalized medicine -- tailoring treatments to an individual's genetic profile -- has been one of the main dreams of the gene revolution, but putting it into practice is proving tough.
While advances are being made in a few areas, so-called pharmacogenetics will not change the commercial landscape for the bulk of pharmaceuticals for several years, drugmakers told the Reuters Health Summit in New York this week.
"Pharmacogenetics is not going to transform this market any time soon," said Jean-Pierre Garnier, chief executive of GlaxoSmithKline Plc (GSK.L: Quote, Profile, Research).

TV'S TOP EARNING PERSONALITIES

Whoever dubbed television the "small screen" had a very limited imagination. Television's top-earning personalities — from news anchor Katie Couric to late night funnyman David Letterman — earned a collective $723 million from June 2006 to June 2007, according to our exclusive Forbes TV 20.
Topping the list is Oprah Winfrey, who banked $260 million during that period, more than the take-home pay of chief executives like Michael Dell and Larry Ellison over the last fiscal year. (Both join Winfrey on the Forbes 400 list of the Richest Americans, though.)

GOOGLE TO HELP DRIVERS AT THE PUMP

Lost drivers soon will be able to Google for help at the pump. As part of a partnership to be announced Wednesday, the online search leader will dispense driving directions at thousands of gasoline pumps across the United States beginning early next month.
The pumps, made by Gilbarco Veeder-Root, include an Internet connection and will display Google's mapping service in color on a small screen.
Motorists will be able to scroll through several categories to find local landmarks, hotels, restaurants and hospitals selected by the gas station's owner.

REVERSIBLE ALTERNATIVE TO VASECTOMY TESTED

Chinese doctors have developed a new technique in birth control surgery for men that could be made available to the public next year, the China Daily said on Thursday.
The method involves making a small incision along the testicle into which doctors place a tiny tube.
"The tube functions as a filter that blocks sperm," Wu Weixiong, the director of Guangzhou Family Planning Technology Center, said was quoted as saying

FORTUNE 50 Most Powerful Women in Business 2007 2006 2005

And the winners are...
Women have come a long way (don't say 'baby') - and they're not slowing down. The credentials of this year's top 50, including 13 newcomers, are the strongest yet. (more)
1. Indra Nooyi, PepsiCo
6. Pat Woertz, ADM
2. Anne Mulcahy, Xerox
7. Susan Arnold, P&G
3. Meg Whitman, eBay
8. Oprah Winfrey, Harpo Inc.
4. Angela Braly, Wellpoint
9. Andrea Jung, Avon
5. Irene Rosenfeld, Kraft Foods
10. Brenda Barnes, Sara Lee
• See the Power 50

RECESION HINGES ON COPYING WITH CREDIT CRISIS

No, it's not just you — the U.S. economy really is bewildering. The government says gross domestic product expanded at an annual rate of nearly 4 percent in the third quarter, the fastest pace in a year and a half. The stock market is still up by 4 percent for this year, despite a sharp 3 percent drop on Nov. 7. On the other hand, growth in consumer borrowing slowed unexpectedly in September. Some economists argue that the U.S. is teetering on the brink of a recession, if it isn't in one already.

MY HEART IS WITH THE YANKEES - POSADA

Jorge Posada prefers to stay with the New York Yankees and believes he is ’really close’ to reaching a new deal with the team.

FORD AIM FOR FORMER GLORY WITH TAURUS DUO

The Ford Taurus was introduced in the 1980s as a family sedan offering the proposition that an affordable American car could provide sleek, Europe-inspired styling. It quickly became a hit, and between 1987 and 1992, it was the best-selling car in America.
Ford pulled the plug on the Taurus in 2005, and by the mid-’00s, the company found itself longing for the Taurus’ glory years.
So when Ford’s new president Alan Mulally landed at Ford’s Dearborn headquarters in September 2006, one of his first moves was to revive the Taurus name. Research showed that it was one of the names customers recognize, unlike that of its successor, the Ford Five Hundred.

MICHAEL TO HIS SON: DON'T BE LIKE MIKE

His last name is Jordan and his father’s first name is Michael, which means that when Jeff Jordan takes the court as a freshman with the University of Illinois basketball team, all eyes will be on him. But no matter what the expectations are of the fans and media, Michael Jordan doesn’t want his eldest child to be like Mike. Being like Jeff is all he asks.

“I want him to be his own person, you know?” Jordan, 44, said as he sat next to his son in a rare interview with TODAY co-host Matt Lauer that will air on Friday. “I want him to enjoy his life, whatever he chooses to be that, you know? If you play basketball, you're a doctor, you're a lawyer, whatever, I'm gonna support you with the love and every effort, every inch of my body.”

WHY DO SOME AGING BRAINS STAY SMART?

When aging hampers memory, some people's brains compensate to stay sharp. Now scientists want to know how those brains make do — in hopes of developing treatments to help everyone else keep up.....
The question is how to gird our brains against time's ravages, a question becoming critical as the population grays. If you're 65 today, odds are you'll live to 83. But improving health care means people in their 50s today may live another 40 years.

RESIGNATIONS HIGHLIGHT LACK OF BLACK C.E.O's

It’s getting lonelier at the top for black CEOs.
Only four blacks will be left running Fortune 500 companies after Stan O’Neal’s abrupt retirement from the top spot at Merrill Lynch & Co. last week and Time Warner Inc. Dick Parsons’ announcement Monday that he will retire at the end of the year.
That leaves Aylwin Lewis at Sears Holding Corp., Kenneth Chenault at American Express Co., Ronald Williams at Aetna Inc. and Clarence Otis at Darden Restaurants Inc. as the only black chief executives among this list of the nation’s largest companies.

FEARS INTENSIFY FOR PROLONGED TURMOIL

Fears intensify for prolonged turmoil
As big US and European banks come under pressure due to losses on US mortgage securities, fears are rising in the credit markets that the turbulence that has claimed the jobs of two of the biggest names on Wall Street could last well into next year

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INSEARCH OF A GOOGLE- VERIZON DEAL

Verizon Wireless and Google may be nearing an agreement that would place the Internet search engine in a prominent spot on the cellular operator's phones, but speculation that Verizon is set to introduce a new breed of phones developed by Google is overblown, say people familiar with the matter.
The companies have been speaking off and on over the past year about a deal to feature a Google (GOOG) search box on Verizon's (VZ) mobile Web service. But the talks have heated up recently and could produce an announcement over the next few weeks, these sources say. However, major sticking points remain over financial terms and the specific branding and placement of the Google search engine

DODGERS WANT TO BE YANKEE WEST?

Michael Ventre
All the Dodgers need now is an owner who makes impulsive decisions and absurd demands in the pursuit of unrealistic goals.
Oh, wait a minute. They have one of those already.
No, these Los Angeles Dodgers are owned by Frank McCourt, which eliminates the need to clone George Steinbrenner. But aside from that, the Dodgers seem to be emulating the New York Yankees. It’s a little creepy, actually, like one of those thrillers where a loner learns to act, dress and behave like the celebrity he idolizes, then attempts to eliminate him and take his place in the final reel.

APPLEBEES SHAREHOLDERS APPROVE SALE TO IHOP

OVERLAND PARK, Kan. - Shareholders of the bar-and-grill chain Applebee’s International Inc. on Tuesday approved a $1.9 billion buyout offer from pancake house operator IHOP Corp.

TOYOTAS GLOBAL PRODUCTION RISES

TOKYO - Toyotas' global production rose 3 percent in September, lifted primarily by overseas output, Japan's biggest automaker said Monday.
Honda and Nissaan, meanwhile, each set global production records for the month. Other major Japanese automakers also reported output gains.
Toyota Motor Corp.'s total monthly production rose to 799,909 vehicles, as overseas output climbed 6.1 percent to 365,282 units while domestic production edged up 0.5 percent to 434,627 vehicles.

MACY'S AND HILFIGER STRIKE EXCLUSIVE DEAL

The designer Tommy Hilfiger has agreed to sell his biggest clothing lines exclusively at Macy’s, both companies are expected to announce today in a deal that could rattle the department store industry.

US ECONOMY IN RECESSION

LONDON (Reuters) - The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.

Indiana UAW Locals Reject CHRYSLER Conrtact

KOKOMO, Ind. - Members of two of three United Auto Workers locals in Kokomo overwhelmingly rejected a tentative contract with Chrysler LLC on Tuesday night.

MICROSOFT CORP. INTRODUCES NEW SOFTWARE

SEATTLE (Reuters) - Microsoft Corp. introduced software on Monday to manage advanced mobile phones much like personal computers, taking aim at a business dominated by Research in Motion's BlackBerry.

GLOBAL ECONOMY(Business) OUTLOOK UNCERTAIN

Global Economy Outlook UncertainMonday October 22, 2:51 pm ET By Harry Dunphy, Associated Press Writer

IMF Chief Says Outlook for Global Economy Uncertain After Recent Market Turbulence
WASHINGTON (AP) -- The global economy faces a period of uncertainty, with risks to continued growth much higher than they were six months ago, the head of the International Monetary Fund said Monday.

GSK APPOINTS C.E.O. DESIGNATE

The board of GSK plc today announced the appointment of Andrew Witty as C.E.O. designate

GSK Receives Approval for HYCAMTIN(R) (topotecan) Capsules

GSK announced today approval by U.S Food and Drug Administration (F.D.A) for oral HYCAMTIN(R) (topotecan) capsules for the treatment of relapsed small cell lung cancer (SCLC)

CITIGROUP AND JP MORGAN 80 BILLION FUND

Citigroup Inc., Bank of America Corp and JP Chase & Co. will announce as soon as today that they are establishing a fund of about $80 Billion aimed at reviving the asset backed commercial paper market....
The treasury dept encouraged the banks to work together and jump started talks with a meeting of wall street executives in Washington DC on Sept. 16.

INDIA FINALLY SHOWS GM CAR INTEREST

After struggling for yeears to gain a foothold in India, General Motors Corp. is tasting some success.
http://readmetro.com/show/en/newyork/20071015/2/12/

INDIA FINALLY SHOWS GM CAR INTEREST

After struggling for years to gain foothold in india, General Motors Corp. is tasting some success lately.
www.ny.metro.us

Glaxosmithkline - Global System

GSK- Global Manufactring and Supply (GMS)

Glaxosmithkline's Global Manufacturing and Supply (GMS), offers the best quality sources and procedures associated with the production and supply of almost all medicines in the pharmaceutical industry. GMS represents a global network of production and supply of high quality health care products. GMS mission is to ensure a secure source of supply products which comply with customer expectations and regulatory requirements.

phiribus104 - GSK Brigde to Access

Glaxosmithkline new and improved programme called 'Bridge to Access' provides patients with low incomes the help they need in getting medicines. Their programme provides many of non-cancer medicines for low co-payments at participating retail drug stores. if you're eligible, you can sign up and fill your prescription the same day. Most prescription refills arrive via mail order at no cost to you.



i think this announcement from GSK comes barely 48 hours from the time the President vetoed the bill that would have covered children health insuarance.

week 5 assignment - Marketing Plan Example

GlaxoSmithkline:

GSK at International Aids Conference, August 13-19, Toronto Canada.

GSK positive Action was a principal offer of a global village at the AIDS international conference in Toronto Canada. The global village was an interactive and participatory community space at the that aimed to engange, challenge and inspire. it was the first point of contact for delegates as they entered the conference venue each day and it was also open to the public.

In addition, to support the global village, GSK hosted a number of community forums and skills-building workshops where community delegates could share experiences, learning from each other and from experts to increase their effectiveness and ability to respond to challenging epidemics and socio-political environment.

Together with partner organizations like NAM and Action Traitements, GSK was on hand at their shared treatment and literacy booth in the global village exhibition area demonstrating a variety of on-line resources in the several languages.

Global Business

Glaxosmithkline and Sepracor Inc. announced an agreement for the commercialization of Sepracor's eszopiclone product for all markets worldwide (excluding US, Mexico, Canada and Japan).

Adrian Adams, President and C.E.O of Sepracor said that, "GSK is one of the worlds largest pharmaceutical companies and we are delighted to have established this alliance with such a renowned organisation that has a strong presence in the European Union and other global markets."

week 4 assignmnt

Glaxosmithkline recently advertised 'Avandia' the most widely studied oral anti-diabetic medicine for tretment of type 2 diabetes. The advertisement includes scientific evidence available to address the question of side effects. The extensive data includes 166 clinical trials in over 52,000 patients. These includes:

Heart attack -the number of heart attacks across all sources of data is small

CV death - the long term trials provide no evidence of increased cv death

Stroke - fewer strokes are observed with 'Avandia' than with other anti-diabetic medicines

week 3 assignment

The stock market did not signifcantly affect my United Kingdom Company based Pharmaceutical company, Glaxosmithkline, last week. However, the staistics were as follows:

Last Trade NYSE close Change Volume
54.08 54.08 +0.36(+0.67%) 1289.500

As of close of the week volume was 2,989,739,000

NYSE Composite 9678.12 79.39^
Dow Jones Inc 13424.88 133.23^