Daily Management Review
Business & Finance

To Cut Costs as Companies Hunt for Growth, they are Using 1970s Budget Tool

As U.S. companies turn their spending habits upside down to boost profits and to re-invest in their businesses, the number of such companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging.   Signals that a broader cross-section of U.S....

Cisco & Bosch In A new Consortium To Use Blockchain Technology For Improving IoT Security

Companies see “tremendous potential for the application of blockchain”. Anna Irrera reports to Reuters that several companies including Bosch Ltd and Cisco Systems Inc have formed a consortium for working together to explore the ways to secure the usage of blockchain technology for improving IoT...

To Get Customers in Line, Starbucks Must Ease Mobile Order Pileup

While being a very lucrative alternative means for business and sale, the digital world can dump an avalanche of orders in a short period of time, creating delays and lines that scare away customers as Starbucks' has found.   The company’s coffee shops are suffering from a feared consequence...

Higher Taxes Hit Earnings, Strong Revenue Growth, Posted by Alphabet

While analysts cheered the company's progress in diversifying its business beyond advertising, hurt by a higher tax rate, Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates.   Alphabet Chief Financial Officer Ruth Porat underscored that the company is...

Soaring Demand for Cloud Service Helps Raise Microsoft Profits

While Microsoft Corp saw a slight decline in margins in the unit that includes its flagship cloud platform Azure, but helped by growth in its fast-growing cloud computing business, the company reported a 3.6 percent rise in fiscal second-quarter profit.   The company has been steered away...

Swiss luxury watch sales are experiencing a crisis

Swiss watch exports fell by 9.9% in 2016, which was the worst figure since 2009, when the world global financial crisis erupted. In Hong Kong - the main sales market for the Swiss manufacturers - sales fell by 11.4%. Among the main factors that influenced the negative statistics, analysts noted...

Twelve pioneers of Dow Jones Industrial

Dow Jones Industrial Average rose 155.80 points, or 0.8%, and stood at 20,068.51 at the close of trading. This became possible largely thanks to Boeing Co. and Caterpillar Inc., which demonstrated the positive trend. When the Dow Jones Industrial Average was created in 1896, it consisted of 12...

After the U.S., Qualcomm Sued by Apple in Beijing for 1 Billion Yuan

After the U.S., China is the next legal battleground for Apple Inc. and Qualcomm, who are now locked in multiple legal battles.   Beijing's Intellectual Property Court said in a statement that alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan...

How AppDynamics was Swooped Upon and Nabbed at the Last Minute

Top leaders of the software company AppDynamics  were back home in California for final visits with prospective shareholders even as the AppDynamics IPO roadshow hit its home stretch this week.   Pitching their story to about 100 investors was AppDynamics CEO David Wadhwani...

Burns Night Marked with Call for Tax Cut by Whiskey Industry

The birth anniversary of poet Robert Burns is very often celebrated across the world with dancing, a bite of Haggis and of course, a few nips of whisky and Wednesday was that day.   But that very day is being viewed in a different manner by whiskey makers from Scotland. Demanding that it is...
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