Monday, November 12, 2007

I.B.M. Offers $4.9 Billion for Cognos 8:59 AM ET

OTTAWA, Nov. 12 — I.B.M. offered about $4.9 billion in cash today to acquire Cognos, a Canadian producer of software used by corporations to analyze their operations.

Tuesday, November 6, 2007

A review of the chapters that we'vve covered do far

Chapter 1-
What is business?
Business_ is a profit seeking activities and enterprises that provide goods and services necessary kto the economic system

profits- rewards for business people.

no profit organization- business like establishments that have primary activities either that returning money to their owners

Chapter 2

Concern of Ethical and Societal issues

business ethics- the standards of conduct and moral values governing actions and decison inthe work enviorment

Chapter 3

Microeconimics: The Forces and Demand andd supply

Demand- refers to willingness andd ability of buyers to different prices

Supply- the abilty of seller that provide with goods and services for sale at different prices.

Demand
-price
-The need of wanting
-Demand curve-
_ the slope going downward meaning lower and lowere attract larger purchases


Supply
-business make decisions on how to profit
-supply curve- goes upwardsit moves that opposite meaning that the relationship between different prices and the quantities that sellers will offer for sale regardless of demand

global business- trading of goods internally
( now everyone selling to us before the main supplier)

equilibrium price- where the demand and supply curve meet

Types of Comp-

1. pure competition- large nummbers of buyers are sellers exchange products no big difference in price

2. monopelistic- competition have some control of price products are different

3. oligopoly- not to many sellers compete high start up cost make it difficult to enter the market they have some control over price

4. monopoly- single sellers controls the trade in a good service

Planned economy- Government determine ownership profit to accomplish goals

2 forms of planned economy is
1. communism
2. socialism

chapter 4

e-commerce- after e-commerce business can be close 24 hours a day

competition has increase

comparitive advantage- in a product if it can supply it more efficiently and ata lower price than it can supply other goods

chapter 5
Small business- firm that is independently owned and operated.
Wall Street Rallies, but Worries Remain

Wall Street bounded higher Tuesday as investors still mindful of widening credit problems nonetheless went in search of bargain stocks. The Dow Jones industrial average rose 117 points, with soaring oil and precious metals prices driving up the companies that produce those commodities.

Monday, November 5, 2007

PetroChina Shares Triple in Debut
By DONALD GREENLEES 8:39 AM ET
Super-heated markets in China drove the value of the state oil and gas company above $1 trillion, giving it the highest market capitalization in corporate history.

Wednesday, October 24, 2007

The news sent North Fork shares surging 15%, or $3.80, to close at $29.20. ... Bank of America's quarterly profit falls 32

Monday, October 22, 2007

Capital One News

Read the latest collection of articles covering Capital One’s involvement in their community, and the programs that have benefited so many.

Wednesday, October 17, 2007