Bloomberg Businessweek is an American weekly business magazine published by Bloomberg L. P. Businessweek was founded in 1929, the magazine was created to provide information and interpretation about what was happening in the business world and it is headquartered in New York City. Megan Murphy was appointed editor of the magazine in November 2016, Businessweek was first published in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the world at the time. Businessweek was originally published to be a resource for business managers, however, in the 1970s, the magazine shifted its strategy and added consumers outside of the business world. Since 1975, Businessweek has carried more annual advertising pages than any magazine in the United States. Stephen B. Shepard served as editor-in-chief from 1984 until 2005 when he was chosen to be the dean of the CUNY Graduate School of Journalism. Under Shepard, Businessweeks readership grew to more than six million in the late 1980s and he was succeeded by Stephen J.
Adler of The Wall Street Journal. Businessweek suffered a decline during the recession as advertising revenues fell one-third by the start of 2009. In July 2009, it was reported that McGraw-Hill was trying to sell Businessweek and had hired Evercore Partners to conduct the sale. Because of the liabilities, it was suggested that it might change hands for the nominal price of $1 to an investor who was willing to incur losses turning the magazine around. In late 2009, Bloomberg L. P. bought the magazine—for a reported price between $2 million to $5 million plus assumption of liabilities—and renamed it Bloomberg BusinessWeek. It is now believed McGraw-Hill received the high end of the price, at $5 million. Currently, the magazine still loses $30 million per year, about half of the $60 million it was reported losing in 2009, Adler resigned as editor-in-chief and was replaced by Josh Tyrangiel, who had been deputy managing editor of Time magazine. In early 2010, the title was restyled Bloomberg Businessweek as part of a redesign.
Megan Murphy is the editor of the magazine in the eight years of Bloomberg ownership. The magazine is losing between $20-$30 million a year. The magazine is to undergo changes in the second quarter of 2017
Margaret Bourke-White was an American photographer and documentary photographer. She died of Parkinsons disease about eighteen years after she developed her first symptoms, Margaret Bourke-White, in the Bronx, New York to Joseph White, a non-practicing Jew from Poland, and Minnie Bourke, who was of Irish Catholic descent. She grew up in Bound Brook, New Jersey, and graduated from Plainfield High School in Union County, roger Bourke White is not surprised at her success, My sister Margaret was not unfriendly or aloof. Her interest in photography began as a young womans hobby, supported by her fathers enthusiasm for cameras, despite her interest, in 1922, she began studying herpetology at Columbia University, only to have her interest in photography strengthened after studying under Clarence White. She left after one semester, following the death of her father, a year later, she moved from Ithaca, New York, to Cleveland, where she started a commercial photography studio and began concentrating on architectural and industrial photography.
In 1924, during her studies, she married Everett Chapman, Margaret White added her mothers surname, Bourke to her name in 1927 and hyphenated it. One of Bourke-Whites clients was Otis Steel Company and her success was due to her skills with both people and her technique. Her experience at Otis is a good example, as she explains in Portrait of Myself, the Otis security people were reluctant to let her shoot for many reasons. Firstly, steel making was an industry, so they wanted to be sure national security was not endangered. When she finally got permission, technical problems began, black-and-white film in that era was sensitive to blue light, not the reds and oranges of hot steel, so she could see the beauty, but the photographs were coming out all black. She solved this problem by bringing along a new style of magnesium flare, which produces white light and her abilities resulted in some of the best steel factory photographs of that era, which earned her national attention. In 1929, Bourke-White accepted a job as editor and staff photographer of Fortune magazine.
In 1930, she became the first Western photographer allowed to take photographs of Soviet industry and she was hired by Henry Luce as the first female photojournalist for Life magazine in 1936. Her photograph of the Fort Peck Dam construction appeared on its first cover on November 23,1936. She held the title of staff photographer until 1940, but returned from 1941 to 1942, and again in 1945 and her photographs of the construction of the Fort Peck Dam were featured in Lifes first issue, dated November 23,1936, including the cover. This cover photograph became such a favorite that it was the 1930s representative in the United States Postal Services Celebrate the Century series of postage stamps. During the mid-1930s, Bourke-White, like Dorothea Lange, photographed drought victims of the Dust Bowl, the photograph would become the basis for the artwork of Curtis Mayfields 1975 album, Theres No Place Like America Today. She traveled to Europe to record how Germany, while in Russia, she photographed a rare occurrence, Joseph Stalin with a smile, as well as portraits of Stalins mother and great-aunt when visiting Georgia
Wall Street Crash of 1929
The crash, which followed the London Stock Exchanges crash of September, signaled the beginning of the 12-year Great Depression that affected all Western industrialized countries. The Roaring Twenties, the decade that followed World War I and led to the crash, was a time of wealth, while the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade. This would be blamed as one of the key factors that led to the 1929 stock market crash, despite the dangers of speculation, many believed that the stock market would continue to rise forever. On March 25,1929, after the Federal Reserve warned of excessive speculation, two days later, banker Charles E. Mitchell announced his company the National City Bank would provide $25 million in credit to stop the markets slide. Mitchells move brought a halt to the financial crisis and call money declined from 20 to 8 percent. Despite all these economic trouble signs and the breaks in March and May 1929, stocks resumed their advance in June.
The market had been on a run that saw the Dow Jones Industrial Average increase in value tenfold. Shortly before the crash, economist Irving Fisher famously proclaimed, Stock prices have reached what looks like a high plateau. The optimism and financial gains of the bull market were shaken after a well publicized early September prediction from financial expert Roger Babson that a crash was coming. The initial September decline was thus called the Babson Break in the press and this was the start of the Great Crash, although until the severe phase of the crash in October, many investors regarded the September Babson Break as a healthy correction and buying opportunity. On September 20, the London Stock Exchange crashed when top British investor Clarence Hatry and many of his associates were jailed for fraud, the London crash greatly weakened the optimism of American investment in markets overseas. In the days leading up to the crash, the market was severely unstable, periods of selling and high volumes were interspersed with brief periods of rising prices and recovery.
On October 24, the market lost 11 percent of its value at the bell on very heavy trading. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included Thomas W. Lamont, acting head of Morgan Bank, Albert Wiggin, head of the Chase National Bank and they chose Richard Whitney, vice president of the Exchange, to act on their behalf. With the bankers financial resources behind him, Whitney placed a bid to purchase a block of shares in U. S. Steel at a price well above the current market. As traders watched, Whitney placed similar bids on other blue chip stocks and this tactic was similar to one that ended the Panic of 1907. It succeeded in halting the slide, the Dow Jones Industrial Average recovered, closing with it down only 6.38 points for the day
New York City
The City of New York, often called New York City or simply New York, is the most populous city in the United States. With an estimated 2015 population of 8,550,405 distributed over an area of about 302.6 square miles. Located at the tip of the state of New York. Home to the headquarters of the United Nations, New York is an important center for international diplomacy and has described as the cultural and financial capital of the world. Situated on one of the worlds largest natural harbors, New York City consists of five boroughs, the five boroughs – Brooklyn, Manhattan, The Bronx, and Staten Island – were consolidated into a single city in 1898. In 2013, the MSA produced a gross metropolitan product of nearly US$1.39 trillion, in 2012, the CSA generated a GMP of over US$1.55 trillion. NYCs MSA and CSA GDP are higher than all but 11 and 12 countries, New York City traces its origin to its 1624 founding in Lower Manhattan as a trading post by colonists of the Dutch Republic and was named New Amsterdam in 1626.
The city and its surroundings came under English control in 1664 and were renamed New York after King Charles II of England granted the lands to his brother, New York served as the capital of the United States from 1785 until 1790. It has been the countrys largest city since 1790, the Statue of Liberty greeted millions of immigrants as they came to the Americas by ship in the late 19th and early 20th centuries and is a symbol of the United States and its democracy. In the 21st century, New York has emerged as a node of creativity and entrepreneurship, social tolerance. Several sources have ranked New York the most photographed city in the world, the names of many of the citys bridges, tapered skyscrapers, and parks are known around the world. Manhattans real estate market is among the most expensive in the world, Manhattans Chinatown incorporates the highest concentration of Chinese people in the Western Hemisphere, with multiple signature Chinatowns developing across the city. Providing continuous 24/7 service, the New York City Subway is one of the most extensive metro systems worldwide, with 472 stations in operation.
Over 120 colleges and universities are located in New York City, including Columbia University, New York University, and Rockefeller University, during the Wisconsinan glaciation, the New York City region was situated at the edge of a large ice sheet over 1,000 feet in depth. The ice sheet scraped away large amounts of soil, leaving the bedrock that serves as the foundation for much of New York City today. Later on, movement of the ice sheet would contribute to the separation of what are now Long Island and Staten Island. The first documented visit by a European was in 1524 by Giovanni da Verrazzano, a Florentine explorer in the service of the French crown and he claimed the area for France and named it Nouvelle Angoulême. Heavy ice kept him from further exploration, and he returned to Spain in August and he proceeded to sail up what the Dutch would name the North River, named first by Hudson as the Mauritius after Maurice, Prince of Orange
The Charoen Pokphand Group is a Thai conglomerate company located in Bangkok. It is Thailands largest private company and is one of worlds largest conglomerates and it consists of three core businesses that operate in agribusiness and food and distribution, and the telecommunications industries with investments in over 20 countries. Founded in 1921, the CP Group currently employs, through its subsidiaries and it is the largest shareholder in Ping An Insurance and a major shareholder in CITIC Group of China and Itochu of Japan. It operates South East Asias largest retail business by revenue, with over 8,000 Seven Eleven stores, in the telecommunications sector, CP Group subsidiary, True Group, is one of the largest telecom firms in South East Asia with over 25 million mobile customers. With some 200 subsidiaries in China, CP Group is known in China as Chia Tai, the corporate registration number was 0001. Through its extensive investments, CP Group has been credited with changing the dietary habits.
They imported seeds and vegetables from China and exported pigs and eggs to Hong Kong, the company increased its scope from selling vegetable seeds under the trademark of Rua Bin to production of animal feed under Ek Chor’s two elder sons, Jaran Chiaravanont and Montri Jiaravanont. The company further integrated its business to include farming and distribution. By the 1970s, the company had a monopoly on the supply of chicken. The company was famous for vertical integration expanding into several lines, adding breeding farms, processed foods production. CP had gone international, launching feedmill operations in Indonesia in 1972, exporting chickens to Japan in 1973, in the 1980s, as China opened up to foreign firms, the firm became the preferred partner for international brands such as Honda, Wal Mart, and Tesco. By the early 1990s, CP had launched some 200 subsidiaries in China, cPs massive investment in poultry production on the mainland was credited with changing the countrys dietary habits, as per-capita consumption more than doubled by the end of the decade.
In 1989, CP joined with Solvay of Belgium to launch Vinythai Co. a manufacturer of polyvinylchloride, the following year, the company formed a partnership with the U. S. telecommunications firm of NYNEX to launch TelecomAsia and began construction of its own fiber-optic telephone network. Starting in 1993, many subsidiaries went public, having been listed on the Hong Kong Stock Exchange since 1981, C. P. Lotus - a major arm of C. P. Group in China - opened its first store in Shanghai in 1997, after the Asian financial crisis in 1997, C. P. consolidated into three business lines under its main “brand names”, foods and telecommunications. In 2013, Charoen Pokphand has got the clearance to buy HSBCs stake of Chinese Ping An Insurance. On May 10,2013, in spite of a lack of loan from the China Development Bank and this transaction made CP the third-largest shareholder in Itochu, and was marketed as an alliance between the two conglomerates with a focus on developing international food trading opportunities
Money is a magazine that is published by Time Inc. Its first issue was published in October 1972 and its articles cover the gamut of personal finance topics ranging from investing, saving and taxes to family finance issues like paying for college, credit and home improvement. It is well known for its annual list of Americas Best Places to Live, the magazine, along with Fortune, was a partner with sister cable network CNN in CNNMoney. com, an arrangement made after the discontinuation of the CNNfn business news channel in 2004. In 2014, following the spin-off of Time Inc. the magazines publisher, from CNN parent Time Warner, Money launched its own website, top Editor Is Leaving Money Magazine
Eric Francis Hodgins was the American author of the popular novel Mr. Blandings Builds His Dream House, illustrated by William Steig. Hodgins was born in Detroit, Michigan to the Episcopal clergyman Frederic Brinkley Hodgins and he attended the Trinity School in New York City, from which he graduated in 1917. After working for a year, he entered Cornell University in 1918 and he graduated from MIT in 1922 with a chemical engineering degree. While at MIT, he was editor of VooDoo, the student humor magazine, after graduation, he was managing editor of Technology Review until 1927. From 1927-29, he was editor of The Youths Companion, in 1929, he became an advertising salesman and associate editor for Redbook. In 1933, he became managing editor of Fortune magazine, promoted to managing editor in 1935. From 1941-46 he was a vice-president of Time Inc, while at Fortune, he wrote an expose of the European munitions industry, published in March 1934 as Arms and the Men. He resigned from Time Inc. in 1946 to become a full-time writer, in 1930, he married Catherine Carlson, who had been an editorial assistant at The Youths Companion.
She died on January 20,1933 while giving birth to their son, in 1936, he married Eleanor Treacy, an art editor at Fortune, with whom he had a daughter, Patricia. From 1929-32, he wrote books on aviation and transportation with Frederick Alexander Magoun. In April 1946, he wrote an article for Fortune called Mr. Blandings Builds His Castle, that year, he turned the article into a book, Mr. Blandings Builds His Dream House, which was a best-seller. The novel was adapted as a movie of the same name, starring Cary Grant. In real life, the house was completed in 1939, but was so expensive, that Hodgins was forced to sell it in 1945 for $38,000 to John Allard, a retired Air Force general. Hodgins unsuccessfully tried to buy the back after receiving $200,000 from movie rights to the book. In 1953, the house was sold to Ralph Gulliver who gave it to his son Jack in 1972, in 1980, the house was sold to the author and composer Stephen Citron and his wife, the biographer and novelist Anne Edwards. In 2004, the house was sold for $1.2 million and his next novel was a sequel called Blandings Way about a liberal man working in advertising who wanted to do good but was accused of being a Communist.
He thought it was a book, but it was overshadowed by the success of the earlier one. On January 8,1960, he suffered a stroke and he described the stroke and long recovery in Episode, Report On the Accident Inside My Skull, published in 1964
The Meredith Corporation is an American media conglomerate based in Des Moines, Iowa, USA. The company has two divisions, National Media and Local Media, as of 2015, the company employs 3,900 people. In 2013, the company had US$1.47 billion in revenues, edwin Thomas Meredith founded the company in 1902 when he began publishing Successful Farming magazine. In 1922, Meredith began publishing Fruit and Home magazine, two years later, this magazine was retitled Better Homes and Gardens, and the first issue cost a dime on the newsstand. In 1930, they published the first edition of The Better Homes, by 1928, the company had combined circulations of 2.5 million. The company went public in 1946 and was first listed on the New York Stock Exchange in 1965, following its initial public offering, Meredith began acquiring television stations, a strategy it has continued over the decades. The company has extended its media and marketing platform around the globe, through acquisitions, in recent years, Meredith has acquired allrecipes.
com from Readers Digest Association, mywedding. com. Selectable Media, and Shape, Natural Health and Fit Pregnancy from American Media Inc, in February 2013, Meredith and Time Warner held discussions on a possible purchase of Time Inc. to Meredith. On September 8,2015, Media General announced the acquisition of Meredith Corporation in a cash, pending regulatory and shareholder approval, the deal was expected to be consummated in June 2016. The combined company would have operated under the name Meredith Media General, to comply with FCC ownership limits, the company would have divested and/or swapped stations in six markets. Media General shareholders would have controlled 65% of the company, with Meredith shareholders holding 35%, however, on January 27,2016, Nexstar Broadcasting Group announced that it would acquire Media General. In February 2017, it was reported that Meredith Corp. allrecipes. com mywedding. com The broadcasting division owns 15 television stations. Merediths broadcasting division produces Better, which was conceived as a brand extension of BH&G.
Since its inception in 2007 the show has placed an emphasis on celebrity interviews. There are cooking demonstrations and regular features on health, fitness, the program currently airs on 80 stations nationwide. The purchase of KMOV was completed on February 28,2014, Stations are arranged in alphabetical order by state and city of license. Meredith operates independent station WPCH-TV in Atlanta under a local marketing agreement with Time Warner subsidiary Turner Broadcasting System,1 Owned by SagamoreHill Broadcasting, Meredith operated KASW under a shared services agreement. 2 WCPX was acquired along with KPDX and WHNS when Meredith bought their parent company First Media, Meredith never held control of the station
Forbes is an American business magazine. Published bi-weekly, it features articles on finance, investing. Forbes reports on related subjects such as technology, science and its headquarters is located in Jersey City, New Jersey. Primary competitors in the business magazine category include Fortune and Bloomberg Businessweek. The magazine is known for its lists and rankings, including its lists of the richest Americans. Another well-known list by the magazine is The Worlds Billionaires list, the motto of Forbes magazine is The Capitalist Tool. Its chairman and editor-in-chief is Steve Forbes, and its CEO is Mike Perlis, Forbes, a financial columnist for the Hearst papers, and his partner Walter Drey, the general manager of the Magazine of Wall Street, founded Forbes magazine on September 15,1917. Forbes provided the money and the name and Drey provided the publishing expertise, the original name of the magazine was Forbes, Devoted to Doers and Doings. Drey became vice-president of the B. C. Forbes Publishing Company, while B. C.
Forbes became editor-in-chief, B. C. Forbes was assisted in his years by his two eldest sons, Bruce Charles Forbes and Malcolm Stevenson Forbes. Bruce Forbes took over on his fathers death, and his strengths lay in streamlining operations, during his tenure, 1954–1964, the magazines circulation nearly doubled. On Malcolms death, his eldest son Malcolm Stevenson Steve Forbes Jr. became President and Chief Executive of Forbes, between 1961 and 1999 the magazine was edited by James Michaels. In 1993, under Michaels, Forbes was a finalist for the National Magazine Award. com, a 2009 New York Times report said,40 percent of the enterprise was sold. For a reported $300 million, setting the value of the enterprise at $750 million, according to Mark M. Edmiston of AdMedia Partners, Its probably not worth half of that now. The companys headquarters moved to the Newport section of downtown Jersey City. In November 2013, Forbes Media, which publishes Forbes magazine, was put up for sale and this was encouraged by Elevation Partners, of whom were minority shareholders.
Sales documents prepared by Deutsche Bank revealed that the publishers 2012 EBITDA was $15 million, Forbes reportedly sought a price of $400 million. In July 2014, Forbes sold a majority of itself to Integrated Whale Media Investments, Steve Forbes and his magazines writers offer investment advice on the weekly Fox TV show Forbes on Fox and on Forbes On Radio. Other company groups include Forbes Conference Group, Forbes Investment Advisory Group, from the 2009 Times report, Steve Forbes recently returned from opening up a Forbes magazine in India, bringing the number of foreign editions to 10
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest U. S. corporations by total revenue for their respective fiscal years. The list includes public companies, along with privately held companies for which revenues are publicly available, the concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955. The Fortune 500 is more used than its subset Fortune 100 or wider list Fortune 1000. The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, at the same time, Fortune published companion Fortune 50 lists of the 50 largest commercial banks, life insurance companies and transportation companies. Fortune magazine changed its methodology in 1994 to include service companies, with the change came 291 new entrants to the famous list including three in the Top 10. The Fortune 500 was first published in 1955, created by Edgar P. Smith, the original top ten companies were General Motors, Exxon Mobil, U. S.
Steel, General Electric, Chrysler, Gulf Oil, Mobil and DuPont