Laying people off is a thing you're supposed to do when you're not making a ton of money, right? I didn't study economics in school, so maybe I have the whole thing backwards. Nokia is a giant, multi-national corporation--surely it knows more about this whole thing than I do. Heck, I couldn't really tell you the difference between micro- and macroeconomics, if put on the spot.
Here's the thing: the Finnish phone giant had a net profit of €529 million ($741 million) in the past quarter. That's up from a net loss of €559 million ($783 million), in that same timeframe the year before. The company moved 110.4 million devices in that period.
Still, even with such great numbers, the company is slicing 1,800 jobs. Why? Well, for starters, the company expects its sales numbers to drop for the full year--given the ever-increasing competition from companies like Apple, Google, RIM, and Microsoft.
The job loss is part of a massive restructuring for the company, including a new product development team. "Some of our most recent product launches illustrate that we have the talent, the capacity to innovate and the resources necessary to lead through this period of disruption," the company's chief exec said in a recent statement. "We will make both the strategic and operational improvements necessary to ensure that we continue to delight our customers and deliver superior financial results to our shareholders."
'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com
In essence, that funny anecdote is right. Of course it doesn't sound very flattering to Katherine's grandmother-in-law, but that's exactly what investment is all about: making sure that your accounts and net worth grow bigger over time.
Investment is that exercise of putting money in a financial account, in your business, in a friend's business, or even in some other companies' business, for the pursuit of growing one's money. Investment is an effort to get one's money to "grow."
Investment works on the principle of "compounded interest." Interest that is added to your principal, or initial investment, itself gets to earn interest. So if you've initially invested $200, at the interest rate of 2.5%, at the maturity term of one month, you'll be earning $5 at the end of that month. If you renew the term of your money, your $205 will then earn $5.13 ($5.125) when another month is over. Certificates of deposit accounts or time deposits work exactly like this.
On the other hand, mutual funds work on the principle of snowballed profits. Mutual funds are as good as stocks and bonds, only you don't manage them yourself. Rather, trained financial experts are hired to manage your money. To invest in mutual funds, you can look into a broker that charges low commissions and check out their offerings.
Basic Tips For Investing In A Business
Investments could also mean those things you purchase or put money in, in order to further your business. Most people take additional studies in order to get the credentials needed to help them advance in their chosen careers. Other people invest in machinery, gadgets and equipment in order to make their lives easier. Then, most businesses invest in people which make up their workforce — their much-needed manpower.
Here are three informal rules of thumb by which you can measure your investments and purchases:
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bench craft company complaints
bench craft company complaints
Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...
Greenpeace dumps on Nintendo Wii <b>News</b> - Page 1 | Eurogamer.net
Read our Wii news of Greenpeace dumps on Nintendo.
<b>News</b> - Rep: Blake Lively, Penn Badgley Split! - Celebrity <b>News</b> <b>...</b>
"They're still good friends," an insider tells the new Us Weekly.
bench craft company complaints bench craft company complaints
Laying people off is a thing you're supposed to do when you're not making a ton of money, right? I didn't study economics in school, so maybe I have the whole thing backwards. Nokia is a giant, multi-national corporation--surely it knows more about this whole thing than I do. Heck, I couldn't really tell you the difference between micro- and macroeconomics, if put on the spot.
Here's the thing: the Finnish phone giant had a net profit of €529 million ($741 million) in the past quarter. That's up from a net loss of €559 million ($783 million), in that same timeframe the year before. The company moved 110.4 million devices in that period.
Still, even with such great numbers, the company is slicing 1,800 jobs. Why? Well, for starters, the company expects its sales numbers to drop for the full year--given the ever-increasing competition from companies like Apple, Google, RIM, and Microsoft.
The job loss is part of a massive restructuring for the company, including a new product development team. "Some of our most recent product launches illustrate that we have the talent, the capacity to innovate and the resources necessary to lead through this period of disruption," the company's chief exec said in a recent statement. "We will make both the strategic and operational improvements necessary to ensure that we continue to delight our customers and deliver superior financial results to our shareholders."
'When I married Donna, I could get both hands around her waist,' said my husband's grandfather. Pointing at his full-figured wife, he boasted, 'Now look how much I got. That's what I call an investment!' — Katherine Eby, via Reader's Digest.com
In essence, that funny anecdote is right. Of course it doesn't sound very flattering to Katherine's grandmother-in-law, but that's exactly what investment is all about: making sure that your accounts and net worth grow bigger over time.
Investment is that exercise of putting money in a financial account, in your business, in a friend's business, or even in some other companies' business, for the pursuit of growing one's money. Investment is an effort to get one's money to "grow."
Investment works on the principle of "compounded interest." Interest that is added to your principal, or initial investment, itself gets to earn interest. So if you've initially invested $200, at the interest rate of 2.5%, at the maturity term of one month, you'll be earning $5 at the end of that month. If you renew the term of your money, your $205 will then earn $5.13 ($5.125) when another month is over. Certificates of deposit accounts or time deposits work exactly like this.
On the other hand, mutual funds work on the principle of snowballed profits. Mutual funds are as good as stocks and bonds, only you don't manage them yourself. Rather, trained financial experts are hired to manage your money. To invest in mutual funds, you can look into a broker that charges low commissions and check out their offerings.
Basic Tips For Investing In A Business
Investments could also mean those things you purchase or put money in, in order to further your business. Most people take additional studies in order to get the credentials needed to help them advance in their chosen careers. Other people invest in machinery, gadgets and equipment in order to make their lives easier. Then, most businesses invest in people which make up their workforce — their much-needed manpower.
Here are three informal rules of thumb by which you can measure your investments and purchases:
bench craft company complaints
Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...
Greenpeace dumps on Nintendo Wii <b>News</b> - Page 1 | Eurogamer.net
Read our Wii news of Greenpeace dumps on Nintendo.
<b>News</b> - Rep: Blake Lively, Penn Badgley Split! - Celebrity <b>News</b> <b>...</b>
"They're still good friends," an insider tells the new Us Weekly.
bench craft company complaints bench craft company complaints
Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...
Greenpeace dumps on Nintendo Wii <b>News</b> - Page 1 | Eurogamer.net
Read our Wii news of Greenpeace dumps on Nintendo.
<b>News</b> - Rep: Blake Lively, Penn Badgley Split! - Celebrity <b>News</b> <b>...</b>
"They're still good friends," an insider tells the new Us Weekly.
bench craft company complaints bench craft company complaints
Lujiazui Breakfast: <b>News</b> And Views About China Stocks (Oct. 27 <b>...</b>
Investors and traders in China's main financial district are talking about the following before the start of trade today: Shares in automaker Hong Kong-listed BYD tanked by 9% after the company said profit fell by 99% in the third ...
Greenpeace dumps on Nintendo Wii <b>News</b> - Page 1 | Eurogamer.net
Read our Wii news of Greenpeace dumps on Nintendo.
<b>News</b> - Rep: Blake Lively, Penn Badgley Split! - Celebrity <b>News</b> <b>...</b>
"They're still good friends," an insider tells the new Us Weekly.
bench craft company complaints bench craft company complaints
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