Liberty Media gets Sirius
http://www.economist.com/displaystory.cfm?story_id=13145825
I found It surprising that Sirius XM Radio almost had to file for bankruptcy when they are a monopoly in the satellite radio business. I don't understand how they could go out of business with not one other competitor in the market. I also found super interesting that the arch-rival of Sirius XM, Dish Network did not choose to buy Sirius out. Dish could easily buy out Sirius and be the new provider for Satellite radio, instead they chose to lend Sirius up to 530 million dollars to bail them out and in return they will receive a 40% stake. I think that in the end Dish could benefit for the bailout its a bold investment.
Tuesday, February 24, 2009
Business Publication #3 - BBC News
US shares at nearly 12-year low
http://news.bbc.co.uk/2/hi/business/7906899.stm
I found it interesting that the US Shares have not been lower since October 1997. Some good news is that the US efforts to revive banks in America are working. Citigroup is up 10% and The Bank of America is up 3%. I also learned that British economists think that the US government is doing a "lousy" job with the current economic crisis.
http://news.bbc.co.uk/2/hi/business/7906899.stm
I found it interesting that the US Shares have not been lower since October 1997. Some good news is that the US efforts to revive banks in America are working. Citigroup is up 10% and The Bank of America is up 3%. I also learned that British economists think that the US government is doing a "lousy" job with the current economic crisis.
Sunday, February 8, 2009
Visit to the Career Fair
The first company I visited at the Career Fair was Siemens Building Technologies. This is where I met senior account executive Dan Walsh. I first asked Dan what kind of attributes he is looking for in an intern or new employee looking for a sales position. He replied that he is looking young people right out of college that he can put through rigorous sales training courses. He said that they prefer to train young people over people with experience because young people can be trained for what exactly what the company needs. Older, more experienced people tend to do things their own way. I also asked Mr. Walsh about some of the processes that is involved with a sales position. To some it up he simply told me that a lot of the equipment sells itself and it is important to be knowledgeable about the products, meet with clients, and be friendly.
The next company that I visited was Professional Document Solutions, Inc. I talked to Matt Clark the sales manager. He informed me that there was a local sales position available. This brought me to my first question. I asked Matt if there was much travel involved in this position, he told me that there would probably be some local travel involved, just staying in Colorado. I also asked him if PDS, inc sells to the UPS store because I used to work at the UPS store and I have some experience in that type of business. He said that the UPS store is a client and they often sell them office supplies such as paper and ink.
The next company that I visited was Professional Document Solutions, Inc. I talked to Matt Clark the sales manager. He informed me that there was a local sales position available. This brought me to my first question. I asked Matt if there was much travel involved in this position, he told me that there would probably be some local travel involved, just staying in Colorado. I also asked him if PDS, inc sells to the UPS store because I used to work at the UPS store and I have some experience in that type of business. He said that the UPS store is a client and they often sell them office supplies such as paper and ink.
Monday, February 2, 2009
Business Publication #2 - Forbes
http://www.forbes.com/2009/01/29/textron-jets-closer-markets-equity-0129_markets41.html
The article "High Anxiety For Textron Investors" by Melinda Peer, is about the business Textron's dropping stock. Textron is a business specializing in industrial tools such as vehicles for transportation (private jets, golf carts etc.). Many of the products sold by Textron I would consider to be luxuries. As the economy takes its toll on big businesses such as Chrysler and General Motors these companies can not afford their normal luxuries such as private jets. To try to help out President Obama even offered awards and bonuses to those companies that purchased new private jets. I found it very interesting that CEO's of huge companies such as General Motors are now flying on regular commercial jets just because its cheaper. It is a prime example about how all business are connected in the economy no matter how unrelated they might seem.
The article "High Anxiety For Textron Investors" by Melinda Peer, is about the business Textron's dropping stock. Textron is a business specializing in industrial tools such as vehicles for transportation (private jets, golf carts etc.). Many of the products sold by Textron I would consider to be luxuries. As the economy takes its toll on big businesses such as Chrysler and General Motors these companies can not afford their normal luxuries such as private jets. To try to help out President Obama even offered awards and bonuses to those companies that purchased new private jets. I found it very interesting that CEO's of huge companies such as General Motors are now flying on regular commercial jets just because its cheaper. It is a prime example about how all business are connected in the economy no matter how unrelated they might seem.
Business Publication #1 - Business Week
http://investing.businessweek.com/research/markets/news/article.asp?docKey=600-200902021917PR_NEWS_USPR_____SF65856-3CV2MMIUIOFM4QEA25KEBIA059¶ms=timestamp02/02/2009%207:17%20PM%20ETheadlineBig%20Reach%2C%20a%20New%20Ecommerce%20Web%20Development%20Firm%2C%20Launches%20February%202%2C%202009.docSourcePR%20NewswireproviderACQUIREMEDIA
I found the article "Big Reach, a New Ecommerce Web Development Firm, Launches February 2, 2009." to be very relavent with the business industry today. The article discussed the launching of a new business in Ecommerce called Big Reach. Ecommerce can best be discribed as online commercial activity. This business was developed by Dennis Erokan, Steven Donaldson, Michael Zinke and Stephen Herz, all are geniuses in Ecommerce. Big Reach is designed to help people set up there online businesses using these professionals assistance. This article caught my eye because I believe that the future will be all about Ecommerce and being innovative in this new industry early can have a huge payoff.
I found the article "Big Reach, a New Ecommerce Web Development Firm, Launches February 2, 2009." to be very relavent with the business industry today. The article discussed the launching of a new business in Ecommerce called Big Reach. Ecommerce can best be discribed as online commercial activity. This business was developed by Dennis Erokan, Steven Donaldson, Michael Zinke and Stephen Herz, all are geniuses in Ecommerce. Big Reach is designed to help people set up there online businesses using these professionals assistance. This article caught my eye because I believe that the future will be all about Ecommerce and being innovative in this new industry early can have a huge payoff.
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