Category archives for: Business

Facebook’s IPO: It is an opportunity for social network to grow up a corporate

Facebook, Inc. is on the verge of initiating the procedure of filing at Securities and Exchange Commission, US. The new stride into the corporate world is going to raise as much as $10 Billion from Initial Public Offering. This opens up new horizons for the social network to widen the span of their operations. The […]

Small diversified businesses that made their way to success – Part 1

Different minds provide different ideas and different insights to different regions of the world. The diversified work pool is a great feature of a company when it comes to invention and innovation but it has its highs and lows. With advantages come disadvantages and diversified workforce has its own challenges to cater to. There are […]

Small diversified businesses that made their way to success – Part 2

OncoMed Pharmaceuticals, based in Redwood City, California, focuses on medical breakthroughs that “target the pathways critical to cancer stem cells.” According to Paul J. Hastings, President and CEO of OncoMed Pharmaceuticals, the company’s founders were native-born as well as its most important patent holder/drug discoverer (Austin Gurney). Four foreign nationals are listed on company patents. […]

Small diversified businesses that made their way to success – Part 3

While it is often large companies cited in media accounts supporting liberalized immigration rules for highly-skilled foreign nationals, Lekacz points out that hiring the right person can be even more critical for newer companies.  “When in the emerging growth phase you have to get the best person without regard to race or ethnicity,” he said. […]

Small diversified businesses that made their way to success – Part 4

RGB Networks, started in 2003 by Canadian-born Edward Krause and American-born Peter Monta and Adam Tom, delivers high quality video service for consumers via telecom, cable and satellite companies.  The company employs 175 people, led by British-born CEO Jef Graham. This is the third startup company led by Graham. The company’s vice president of marketing […]

Federal Board of Revenue to collect Rs54 billion in payable taxes within five days

Federal Board of Revenue to collect Rs54 billion in payable taxes within five days Saturday, January 28, 2012: The Federal Board of Revenue (FBR) is stuck with an uphill task of collection Rs54 billion payable in taxes within next five days to meet the requirements of first half. If the tax collecting institution fails to […]

Textbooks face terminal disease with the advancement of technology, especially tablets and e-readers – Part 1

Dan Rosensweig is open to the idea that the textbook as we know it will someday no longer exist. He just doesn’t think it’s going to happen anytime soon. “Anything is possible,” says Rosensweig, the chief executive of Chegg.com, a five-year-old company that rents textbooks to college students on 7,000 campuses. “But if you spend […]

Textbooks face terminal disease with the advancement of technology, especially tablets and e-readers – Part 2

Rather than compete head-on with its larger, more established rivals, Chegg is trying to become a site where students will buy everything they need for school and, in the process, share ­information that Chegg can sell to marketers. The company has made five ­acquisitions, companies like ­Cramster (for homework help) and CourseRank (for picking courses), […]

Pakistan to receive trade waiver from the European Union says Philippe Thiebaud

Pakistan to receive trade waiver from the European Union  says  Philippe Thiebaud Friday, January 27, 2012: European Union is considering a trade grant to Pakistan for certain products. According to ambassador of France, Philippe Thiebaud, Pakistan will get a special duty waiver for export of certain commodities. This decision will help the country to get […]

Economic Coordination Committee turns down Mari Gas request to increase exploration expenditure

Economic Coordination Committee turns down Mari Gas request to increase exploration expenditure   Thursday, January 26, 2012: Mari Gas request to increase its exploration expenditure from $20 million to $40 million per annum has been cast off by the Economic Coordination Committee (ECC). The ECC not just turned down the request they also referred the […]

Mobilink to take part in 3G auction

Mobilink to take part in 3G auction  Wednesday, January 25, 2012: Mobilink, the largest telecom service provider in Pakistan, has decided to take part in the auction for third generation (3G) telecommunication services. As per the schedule, the auction for the 3G would take place March 29, 2012 following the pre-bid conference on March 2. […]

PEPCO liabilities crosses Rs400 billion mark

PEPCO liabilities crosses Rs400 billion mark Tuesday, January 24, 2012: Pakistan Electric Power Company (PEPCO) sinks deeper into debts, as the outstanding liabilities of the government owned firm crossed the Rs400 billion mark. The aforementioned figures were confirmed by Rasul Khan Mahsud, the managing director of PEPCO and the National Transmission and Dispatch Company (NTDC). […]

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