Per Reuters, Apple Inc. (AAPL) is seeking collaboration with local internet services companies to establish its first data center in China, to ensure compliance with the country's newly implemented cyber-security regulations.
Is Carlisle Companies a great pick from the value investor's perspective right now? Read on to know more.
Centrica Plc во вторник объявила о планах прекратить хранение газа в единственном долгосрочном газохранилище Великобритании Rough.
Momenta Pharmaceuticals (MNTA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
China’s much-anticipated Cyber Security Law (CSL) will come into effect on 1 June 2017. Deciphering exactly who is captured and what is covered is leaving companies unsure as to how they will comply with this vague and potentially onerous law.
Если вы читатель TomDispatch, то знаете кое-что о настоящей значимости этой страны, чего большинство американцев не знает. Никогда не существовало столь имперской державы, как США, если говорить о размещении войск по всей планете. Если сравнить, то римляне и имперские китайцы были просто трусами, Советский Союз в самый расцвет был самым жалким из занимавших второе место, даже британцы в то время, когда теоретически солнце никогда не заходило над их империей не идут ни в какое сравнение. У США — сотни военных баз размером от небольших американских городков до крошечных аванпостов по всей планете, и при этом вы можете потратить недели, месяцы, годы, внимательно следя за СМИ тут и там, и всё же понятия не будете иметь, что это именно так.
For all the nationalism and political will, China is ploughing millions into youth development and the intention is to win the World Cup within the next 30 yearsThis week I watched the Chinese Super League so you don’t have to, taking in the full, slightly wild 90 minutes of the champions Guangzhou Evergrande versus last year’s runners-up Jiangsu Suning, the most recent of the CSL fixtures being shown in dribs and drabs by Sky Sports.There was a vague point to all this beyond simple recreation. The lure of the Chinese Super League seems to lurk behind every story, every noise off, presented as a kind of gilded career-dustbin for every ageing star with a hungry agent to feed. Diego Costa and Radamel Falcao have been linked with moves this summer. Only this week Wayne Rooney has been implored not to go, reminded that he “still has so much to give”, like a man being talked down from the 27th-floor windowledge of a seven-star tower hotel. Continue reading...
Momenta Pharmaceuticals Inc. (MNTA) reported loss of 46 cents per share in the first quarter of 2017,which was narrower than the Zacks Consensus Estimate loss of $1.09. In fact, the company posted a loss of 35 cents in the year-ago quarter as well.
Leucadia National Corporation (LUK) reported solid first-quarter 2017 results with net income of $281.4 million or 75 cents per share
Despite a challenging macroeconomic environment, 3M Company (MMM) started 2017 on a positive note with strong first-quarter results.
Crane Co's (CR) first-quarter 2017 earnings of $1.05 per share surpassed the Zacks Consensus Estimate of $1.00, while net sales of $673.4 million came in above the Zacks Consensus Estimate of $652.5 million.
Honeywell International Inc.'s (HON) first-quarter 2017 adjusted earnings as well as revenues surpassed the Zacks Consensus Estimates by 2.5% and 1.7%, respectively.
Despite a challenging macroeconomic environment, sustained restructuring initiatives for a leaner firm with a re-focus on core operations enabled General Electric Company (GE) to report relatively strong first-quarter 2017 results.
С февраля 2010 года в России существует Доктрина продовольственной безопасности. Однако там нет задач селекции растений, а ВИР может решать только задачи селекции. Кроме того, Доктрина — это не закон! Четкое управление сельским хозяйством возможно только на основе специального закона и соответствующих подзаконных актов.
Momenta (MNTA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A year into their jobs, how many employees still have the unbridled energy and enthusiasm that they brought with them to their first day on the job? How many still believe they can make a difference? Unproductive routines, corporate bureaucracy, and “administrivia” kill ambition and sap energy for far too many employees. That’s demoralizing for employees, and a waste for companies, which badly need the full energy and commitment of all their workers. Related Video Your Scarcest Resource Organizations waste too much time - see how Bain helps them manage it like money in this 10-minute video slide deck. To download a customizable version, visit the Visual Library. Save Share See More Videos > See More Videos > The novelty of any new job will wear off, but employees can remain energized and engaged if companies attack the true causes of organizational drag — all the practices, procedures, and structures that waste time and limit output — not just the symptoms. The symptoms may seem to be minor annoyances and inconveniences that could be wiped out without much effort — too much process, too many meetings, meaningless goals, and time wasted on work that no one will ever care about. But those symptoms stem from fundamental problems. Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. By attacking the root causes of organizational drag, companies can eliminate unnecessary work, reenergize the workforce and, at the same time, put the business on a better course. They can do this by following the three R’s: refocus on strategic priorities reset the budgets redesign the operating model Together, these initiatives can help remove the clutter and distraction that create drag. Refocus on Strategic Priorities The first step is to refocus the organization on the most important business units, customer segments, and geographies in which the company has a repeatable formula for growth and a “right to win.” Within business units, executives should eliminate any sources of profitless volume. Look closely, and you’ll find that most companies have stretched their brands and product portfolios to customers and markets in which they are undifferentiated and profits are weak. These proliferating operations lead to complexity, which contributes to drag as well as costs that rob resources from better and potentially more-profitable ideas. For example, large biopharma companies compete in many categories and tend to accumulate an array of follower positions. But that drags down shareholder returns. Recent analysis by Bain found that the biggest biopharma value creators are category leaders, and those that combine their category leadership with portfolio focus within their categories deliver annual total shareholder returns more than twice those of companies that are diversiﬁed followers. That’s why a growing number of biopharma firms have been selling or spinning off parts of their businesses, such as Novartis’s sale of its inﬂuenza vaccine business to CSL, Bristol-Myers Squibb’s sale of its diabetes division to AstraZeneca, and Biogen’s spin-off of its hemophilia business. Trimming a portfolio of drag creators is often an act of managerial courage. It’s most likely that top-line growth will suffer during the transition, but the result will be a more profitable portfolio that is geared for growth. Companies often use separations and carve-outs to surgically eliminate the slower-growing, less-profitable, or less strategically aligned parts of their business. But if companies do not also address the underlying factors that got the company to that spot in the first place, their performance will still fall short of internal and external expectations. Reset the Budgets How companies allocate money can contribute to organizational drag by keeping nonessential work going. But it is not easy to make the tough decisions to defund. We recommend zero-based budgeting and planning to make the choices clearer. This also helps get over the dilemma that companies often face when they are making cuts: Should they eliminate the work and then reduce the budgets that allowed these costs, or should they shrink the budgets to squeeze out the unnecessary work? While the former approach is friendlier from a change management perspective, we usually find that it leads to only incremental change. This is why we find a zero-based approach preferable. A zero-based budgeting and planning process using stretch targets challenges conventional thinking and brings forth bolder ideas. Companies with foresight will make this change before the market or an activist investor demands it. A simple example: Before 3G Capital used a zero-based system to clarify roles and objectives, eliminate layers, and standardize processes at Kraft Heinz, one manager reported that he struggled to keep pace with a flood of up to 300 emails and numerous unproductive meetings in a typical day. Now his inbox collects fewer than 40 daily emails, and meetings are more focused and efﬁcient. Zero-basing can both reset the cost structure and keep out cost over time. Redesign the Operating Model Having streamlined the portfolio and reset budgets, it is important to redesign the operating model — that is, the way the company is organized to deliver on its strategy — to eliminate any unnecessary work or dysfunctional processes that bog things down. Thinking “customer-back” or “frontline-back” provides a powerful lens through which to eliminate work. Just ask: How does this activity help serve our customers better? Companies can also look for complexity and inefficiencies that are hidden in the seams of the organization — in cross-functional, cross-geographical, or cross-business unit activities, where no executive or team has a single point of accountability. Every organization has seams, and these are fruitful areas for optimization and redesign. Where inefficiencies are found in ongoing operations, companies should consider “leaning out,” centralization, or outsourcing. Organizations operate on formal and informal processes, and executives should seek out complexity and waste in both areas. Formal processes and systems enshrine ways of working, so it’s easier to attack them systematically. But hidden and informal factors that create organizational drag tend to get overlooked. These factors are often more behavioral — how the management team makes decisions, for example. Consider the remarkable turnaround at Ford. In 2006 then-new CEO Alan Mulally and his senior team not only set a new strategic path but also overhauled Ford’s operating model. The company moved from regional business units to a global functional model, setting the stage for more-efficient and effective operations, such as reducing the number of vehicle platforms. Governance and behaviors changed as well, as Mulally pushed for open debate and honesty about where problems were cropping up. He encouraged his team to simplify the ways they worked, eliminating ineffective meetings and liberating thousands of unproductive hours. Thanks to a new strategy and an operating model redesign, Ford returned to profitability without a bailout from the American taxpayer. Following these three steps can elevate a company’s performance potential by creating an environment in which individual energy and creativity are converted to productivity. That can initiate a virtuous cycle in which improved performance liberates cash and capital to fund new growth opportunities and reward talent, unlocking new levels of organizational performance. Employees working in this winning environment will find that the new-employee spirit can be sustained and that their work feeds their individual energy rather than destroying it.