He has been with PIMCO since he has been the co-founded and the firm in 1971 and oversees the management of more than $1.9 trillion of securities. Gross also discovers and manages one of the world's largest mutual funds, focusing mostly on bonds, as well as several smaller-sized funds. Not surprisingly, the New York Times called the Gross the most prominent of American investors in bonds. Also as an author Mr. Gross is the author of numerous articles on the bond market, as well as the book “Everything You’ve Heard About Investing is Wrong” was published in 1997.
Business Research Ethics Paper Chili Cruz RES 351 July 28, 2014 Professor Business Research Ethics The company I chose to write about is Citigroup Inc. Citigroup Inc, is a company, which focuses on investing and providing financial advice to consumers, as well as the financial corporate world. For the most part the services they provide can be identified as having three main types of business focuses. One of the business divisions is Global Consumer, the other is directed into the Corporate and Investment Banking, third and last is Global Wealth Management services. Moreover, Citigroup has prided themselves with a 200 year-old legacy of being successful in leading in the financial world. Additionally, Citigroup has successfully branched out into owning other branches.
BOA is and has been an innovative leader in technology within the banking industry and supplying consumers with continuous ready access to services. The technological innovations are myriad from credit cards to advanced Automatic Teller Machines (ATMS). These innovations lead to access and opportunity for the company and its clientele and vendors (Bank of America, 2011d). BOA services individuals, institutions, large and small businesses with almost a one-stop-shop for all their financial services needs (Bank of America,
Two main groups of users of financial information are internal and external users. Internal users are individuals who help operate the business within an organization such as managers, employees, supervisors, directors, etc. Upper management frequently makes planning and controlling decisions based on the financial information gathered. External users are those individuals and institutions that want financial information about specific organizations. For example, external users such as investors, creditors, and bankers receive this financial information by reading the reports and determine if a specific company is worth investing
These four basic financial statements are interrelated and consist of: income statement, retained earnings statement, balance sheet, and statement of cash flows. Accounting is an information system using three basics activities which are identify, record, and communicate economic events to interested users. Companies identify economic events relevant to its business. Financial activities are recorded systematically in a chronological order of events to provide history. Recording also will classify and summarize economic events.
Wells Fargo Home Mortgage merged with Wachovia Mortgage Corporation on December 31, 2008. Sufian (2010) stated that bank mergers and acquisitions may enable banking firms to benefit from new business opportunities, mergers can create a host of staffing issues, some more critical than others most organizations should create mechanisms for managing their staffing system and their
Facts In 1983, GEICO announced plans to purchase several million shares of its outstanding common stock for $60 per share. Among GEICO’s largest stockholders was Berkshire Hathaway, Inc., an investment company. Executives of the two companies decided that Berkshire would tender approximately 350,000 if its GEICO shares in the stock buyback plan, which would allow Berkshire to treat the transaction as a proportionate redemption. In a proportionate redemption, the percentage equity interest of on company in a second company is maintained at the level that existed immediately before the transaction. For federal taxation purposes, the proceeds received by the investor company in a proportionate redemption are taxed as dividends by applying the effective intercorporate dividend tax rate.
P1: Explain different types of business information, their sources and purpose. M1: Explain the advantages and disadvantages. The business I will be using for this task is Santander Bank. Santander was authorised in 1857 by Queen Isabel the second of Spain. As a bank they now have over 13,500 branches in more than 40 countries worldwide.
In this task, I will be describing how political, legal and social factors are impacting upon the selected business activities. The two businesses which I have chosen are, Oxfam and also Tesco. Political factors for Tesco Taxation Large business such as Tesco is largely affected by the government taxes, such as income taxes and business rates. Tesco is a large business which means that a lot of corporation tax taken away from their profits. Corporation Tax is a tax on the taxable profits of limited companies and other organisations.
Task1 Using your business, describe how the changes in the current economic climate will affect how your business operates. For this assignment I have decided to use John Lewis as my business. The John Lewis Partnership's 69,000 Partners own the leading UK retail businesses. This means that profits and benefits created by their success are shared by all our Partners. The weekly sales figures in 2007-08 is 3.3% in 2006-07 was9.1 By looking at the sale figures I can say that economic climate is affecting my business.