All Articles Tagged "fortune 500"
It’s hard to believe, but for the first time ever Apple cracked the Fortune 500 list’s top 10. Even though it has been a rough year for Apple, they finally cracked the list by jumping from No. 17 to No. 6, reports The Los Angeles Times.
Each year, the Fortune 500 ranks the largest corporations in the U.S. based on annual revenues. This year’s list Apple placed right behind Warren Buffett’s Berkshire Hathaway and ahead of General Motors. Wal-Mart is still the largest corporation in the U.S.
It is surprising Apple took so long to make the list and that it jumped so high this year, considering the turbulence over at the tech giant. The company’s stock saw a dramatic drop of more than $700 per share in September to $461 per share currently. “The drop in stock price comes as investors worry about Apple’s grip on the smartphone and tablet market as Samsung and others begin to gain traction against the once seemingly unbeatable Cupertino, Calif., tech giant,” reports the newspaper. Despite this, Apple is the only tech company to reach the list’s top 10. AT&T came in at No. 11, Hewlett-Packard at No. 15 and Verizon Communications at No. 16.
Another first for the list was Facebook. It finally placed on the Fortune 500 after going public last May. The social network, which also had stock trouble this year, came in at No. 482. And co-founder Mark Zuckerberg is the youngest CEO of a company on the list at just 28 years old. He’s also one of just two CEOs under 40, the other being Yahoo’s Marissa Mayer, who is 37, notes the newspaper.
(CNNMoney.com) — Hertz is buying Dollar Thrifty in a $1.2 billion deal that combines two of the most prominent players in the car rental business.
Hertz Global Holdings (HTZ, Fortune 500) said late Sunday that it has agreed to buy its rival for $41 a share in cash and stock.
The $41 a share purchase price represents just a 5.5% premium over Dollar Thrifty Automotive Group’s (DTG) Friday closing price of $38.85 a share.
(Fortune) – Now that 2010′s Fortune 500 list is out, Techmate debates which companies are likely to rise or fall on the list in 2015.
(Atlanta Business Chronicle) — Georgia landed 14 companies on the 2010 Fortune 500 list, one more than it had in 2009 thanks to the relocation of NCR Corp. from Dayton, Ohio, to Duluth, Ga. Atlanta tied for fourth-most Fortune 500 companies with 10.
(CNNMoney.com) – Still scrambling to file your taxes or waiting (still) on your refund? Companies around the country are trying to relieve the Tax Day sting with freebies and special deals.
Free brewed coffee. Stop by your corner Starbucks (SBUX, Fortune 500) with a travel mug for a free fill-up. The deal is part of the coffee chain’s worldwide move to encourage customers to go green by switching from paper cups to reusable mugs.