Unit 3 Group Assignment BUS305-0504A-05: Economics in a Global Environment Date: October 28, 2005 In this lawsuit, government officials said Microsoft integrated its Web browser, Internet Explorer, with the Windows 95 software program in an attempt to grab market share from rival Netscape Communications Corp. Microsoft was also attempting to purchase the largest companies of home and business financial software Intuit. It was time for the government to step in and put a stop to the major takeovers and try to keep Microsoft from being a “one man show”. This is an appeal from a judgment of the district court (Hon. Thomas Penfield Jackson) holding Microsoft liable for violations of Sections 1 and 2 of the Sherman Act of 1890 and various corresponding provisions of state law. The judgment was entered in two consolidated actions, one brought by the Antitrust Division of the U.S. Department of Justice and the other by nineteen States and the District of Columbia which launched the antitrust suit, accusing the company of trying to drive competitors out of business.
The Takeover of Volkswagen over Porsche Prof. Julian Franks The Takeover Of Volkswagen Over Porsche – Calculating The Bid Premium The takeover of Volkswagen over Porsche has a long history. In fact, this is one of the most dramatic takeovers in the car manufacturing industry. Porsche had been trying to take over Volkswagen for many years. Its attempt failed in 2009 as it fell short of acquiring the required 75% stake. The global financial crisis and the slump in the global automotive sector made it difficult for the carmaker to raise enough money to buy the required stake.
In 2008, the parent company that owns University of Phoenix online, Apollo Group, was found guilty of securities fraud and ordered to pay $270 million to a group of investors. The unethical dilemma stemmed from a report that was very crucial of the enrolling practices of the school that the company refused to disclose. The company believed that the report was
In February 63,000 jobs were lost (a 5-year record) and in September 159,000 jobs were lost, bringing the monthly average to 84,000 per month from January to September of 2008. [5] During the month of September the sub-prime mortgage crisis reached a critical stage, characterized by severely contracted liquidity in the global credit markets and insolvency threats to investment banks and other institutions. [6] In response, the U.S. government announced a series of comprehensive steps to address these problems. What followed has been a series of "case-by-case" decisions to intervene or not to intervene such as the $85 billion liquidity resourced for American International Group (AIG), the federal takeover of Fannie Mae and Freddie Mac, and the bankruptcy of Lehman
George Clemenceau aimed to cripple the German economy with the high reparations figure. During this period, Germany had received between 27 and 38 billion marks in loans and by 1931, the German foreign debt stood at 21.514 billion marks therefore led to economic instability in Germany. Moreover, the treaty caused hyperinflation. This was linked with reparations figures Germany had to pay in the treaty of Versailles. In 1923, Germany had failed to make a reparations payment resulting in France occupying the Ruhr.
Possibly the most important showdown was the debt-ceiling fight of August 2011. It “threatened the country's ability to meet its financial obligations and resulted in an unprecedented downgrade in the U.S. credit rating by Standard and Poor's. The subsequent failure of the bipartisan super-committee to reach a deal on $1.2 trillion in targeted budget savings over ten years unleashed automatic spending cuts for both defense and non-defense spending”
In May of 2011 The SEC filed suit alleging massive fraud against Brooke Corporation’s senior management. The SEC suit alleges that during the fiscal year of 2007 and the first and second quarters of 2008 senior management at Brooke Capital misrepresented the health of their business and its subsidiaries. Brooke Corporation’s business growth strategy relied heavily on its finance subsidiary and franchise fees. The average franchise fee was $165,000 which would have been financed through Brooke Credit Corporation; in the first quarter of 2007 a third of Brooke Corp’s operating revenue was from interest and franchise fees (Phillips, 2007). The same store sales for the first quarter of 2007 were down 3% from the previous year and in the fourth quarter of that year the recession officially started.
Having trouble using Wikipedia today? That's because the popular crowd-sourced online encyclopedia is participating in an "Internet blackout" in protest of two controversial anti-piracy bills: The Stop Online Piracy Act (SOPA) and its Senate companion, the Protect IP Act (PIPA). Pictures: Websites go dark to protest SOPA The bills are intended to strengthen protections against copyright infringement and intellectual property theft, but Internet advocates say they would stifle expression on the World Wide Web. In essence, the legislation has pitted content providers -- like the music and film industries -- against Silicon Valley. CBS Corporation is among the media and entertainment companies that support the legislation.
The Case of General Motors Just one month after Chrysler filed for bankruptcy, General Motors (GM) followed, earning the “distinction” as the fourth largest bankruptcy case in U.S. history. Even $19.4 billion in federal help was not enough to keep the trouble automaker out of bankruptcy court, and the government has further pledged another $30 billion to help the company during its reorganization. A “new GM” is expected to emerge out of bankruptcy that will revolve around a mere four brands, Chevrolet, Cadillac, GMC and Buick, as well as a few of its overseas operations. In its wake, GM’s bankruptcy will have a major impact on a cross section of Americans. The move will result in the closure of numerous plants and dealerships, which means thousands
Both organizations were belived to utilize pilfered programming in business for over six months prior and the duplicates of pilfered programming is Adobe, Autodesk and Microsoft. As a result, both of the company be penalized under Section 41 (1) (d) of the Copyright Act 1987 and if found guilty carries a minimum fine of RM2,000 and RM20,000 each