BGN Entrepreneur

A tax-related windfall and strong US earnings boosted the net profit of Ford Motor for 2011 to its best level in 14 years. However, the fourth-quarter result of the US carmaker was weighed down by poorer performance overseas. As a result, it was weaker than the level a year ago.
According to Ford’s chief financial officer–Lewis [...]

The 42nd session of the World Economic Forum Annual Meeting–Davos Forum is currently being held in the eastern Swiss town of Davos. The meeting, theme of which is “The Great Transformation: create a new model”, is held from 25th to 29th January.
Due to the tough global economic environment, this annual meeting has attract wide attention.

The troubled telecoms equipment maker–Nokia Siemens Networks was forced to announce 17000 job cut in last November against a backdrop of poor corporate lending.
Though there were wide concerns within the banking community that Nokia would struggle to find sufficient finance in the difficult trading conditions, the mobile giant has still managed to raise over €1.2bn [...]

In 2012, the industrial and finance group–General Electric, is sticking with its prediction of double-digit operating earnings growth despite an expected recession in Europe as well as falling prices for some of its products like wind and gas turbines.
According to GE’s chief financial officer–Keith Sherin, it is said that the company would cut costs via [...]

In the last budget under the so-called duty escalator, the UK government increased beer duty by 7.2%.
According nto the high-street pub company–JD Wetherspoon, who owns 834 pubs across the UK, it is said that the company might scale back its 2012 expansion plans in the face of “punitive” tax increases by government.
The pub chain, which [...]

Samsung Electronics has said it’s about a big jump in profits for the last three months of last year report, primarily due to smartphone sales record. The South Korean company said it expects an operating profit for the period up to 5.2tn won ($ 4.5 billion, £ 2.9) are 73% higher than a year.
Samsung overtakes [...]

Facebook is now pushing advertising sales agencies to become more transparent over the way they charge for their services, in an attempt to protect companies who market on the social network.
The social network company believes that via improving transparency, companies will obtain a much clearer idea of what proportion of the money they give to [...]