...Anti-monopoly Analysis of Tencent QQ vs. 360 Dispute Weiwei Hu and Yimeei Guo School of Law., Xiamen University; 361005, China helusi420hw@163.com, ymguo@xmu.edu.cn Abstract. Anti-monopoly concerns are becoming more and more frequent for Internet industries competiting all over the world. This paper makes a case analysis of Tencent QQ vs. 360 dispute, then has some further thought from such dispute.Finally, it is hoped by this paper that China’s Anti-monopoly Law be healthily and perfectly enforced in the future. Keywords: Anti-monopoly, Internet industries, Case analysis. 1 Introduction Anti-monopoly concerns are becoming more and more frequent for Internet industries competiting all over the world.For example, in February 2011,Apple launched a new service that allows for magazine and newspaper subscriptions for its popular devices, might draw claim from publishers that Apple dominates the market for consumer tablet computers and that it has allegedly used that commanding position to restrict competition.[1] Also in February 2011,Hudong.com, an online encyclopedia, is alleging that Baidu unfairly blocks its Web pages from search results in favor of its own encyclopedia service, Baidu Baike.[2] On April 1,2011, Microsoft plans to file a complaint with the European Commission demanding action against competitor Google on competition law grounds. Microsoft claims that Google stops other companies from accessing the information needed to run effective search operations.[3]...
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...HOW TO WRITE A TECHNICAL REPORT by Alan Smithee A report submitted in partial fulfillment of the requirements for ME 000 Some Course Department of Mechanical Engineering Fictitious Institute of Technology 01 January 9999 ABSTRACT Mechanics of writing a technical report is explained in a pseudo report format. The purpose of this pseudo report is to explain the contents of a typical engineering report. It can also be used as a template for an actual engineering report. With some adaptation, the format can be extended to other type of technical writings as well. TABLE OF CONTENTS ABSTRACT ................................................................................................................................i LIST OF FIGURES AND TABLES ......................................................................................... iii LIST OF SYMBOLS .................................................................................................................iv ACKNOWLEDGEMENTS ........................................................................................................v INTRODUCTION ......................................................................................................................1 EXPERIMENTAL DETAILS.....................................................................................................1 RESULTS AND DISCUSSIONS................................................................................................2 SECTION DESCRIPTIONS...
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...Compensation characteristics | PepsiCo | Coke | Comments | Total CEO compensation benchmark | Leading consumer product companies, selected companies covered in S&P 500 Beverage, Food and Restaurant IndicesDefinition is narrow: limits competitive space to consumer product companies, with emphasis on food and beverage | Other large companiesDefinition is broader: competes against entire universe of large companies | Has implications for businesses the companies are willing to enter into and the talent pool to recruit fromFor both shareholders and employees, Coke is more attractive. F&B may not present the best return opportunities | Emphasis on long-term compensation | Emphasis on long-term performance is much less pronounced vs Coke – principal portion is tied to both annual objectives and long-term shareholder returns | Very clear focus on long-term performance pay: majority of pay composed of long-term, at-risk pay with less emphasis placed on salary and annual incentives | Coke’s investors/employees are more likely to be focused on the long term. Lends stability to the business: make better long-term investment decisions | Salary ranges | Targeted at upper end for similar positions at comparison companies and capped at $1m | Targeted at 3rd quartile of the range for comparison group | Coke’s salary ranges are higher than Pepsi’s, comparison companies are much larger – better ability to attract and retain top talent, drive superior...
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...Capital Investments vs. Operational Expenses MBE 503: Accounting and Ethics Instructor James Wright Kimberly Stringer Regular expenses can be expensed as they are incurred or they can be capitalized. Day to Day functions of a business require operating expenses in order to run. Operational Expense (OPEX) include sales and general administrative expenses which do not include cost of goods sold or COGS, taxes, depreciation or interest. Operating expenses show on the profit and loss whereas capital expenditures show as major investments and show on the balance sheet and are depreciated over time (www.diffen.com). Marketing expenses are usually operating expense unless it shown that it has long term benefits. Some believe that if a company is expected rapid growth the recording items as an operating expense is better. However, Bernard Golden from CIO.com believes otherwise. “Once you have purchased a capital good, you’re stuck with it, as anyone who has purchased a car understands; even if you’re no longer excited about owning it, the finance company still expects a monthly payment. By contrast if you rent a car, you are committed to it only as long as you want to use it and once you have paid for that use, you have no further financial obligation”. Companies usually want to direct their investment into generating revenue and this is why they would rather lease than purchase (Logicalis, 2013). Some expenditures for startup costs can be capitalized in the United...
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...2007 Prof. Mozaffar Khan MIT Sloan School of Management Main Line vs. Basinger Selected Filmography Kim Basinger Sherilyn Fenn Novel Romance (2006) Dream Warrior (2004) Darkness Falls (1999) Outside Ozona (1998) Boxing Helena (1993) Backstreet Dreams (1990) The Wild Life (1984) 2 The Sentinel (2006) Cellular (2004) 8 Mile (2002) L.A. Confidential (1997) The Getaway (1994) Batman (1989) Hard Country (1981) 15.963 [Spring 2007] Managerial Accounting & Control Main Line vs. Basinger Evaluate the defense argument that Mazzocone “has a duty under the law to minimize his loss, and this does not include going out and making a picture knowing you are $2m short. At what stage in the negotiations did Basinger withdraw? If late, it is possible some costs were contractual obligations (such as rights to script) at the time, and these obligations were assumed with the presumption of Basinger participating. Managerial Accounting & Control 3 15.963 [Spring 2007] Main Line vs. Basinger What were Mazzocone’s options following Basinger’s withdrawal? Do not make movie – this assumes all costs sunk. Make with another actress – this assumes some cost recoverability. How does this relate to example in previous class about airline pricing? Evaluate the following claim: “at the time of Basinger’s withdrawal, Mazzocone was faced with a short run decision.” Does loss minimization imply not...
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... Prof. Mozaffar Khan MIT Sloan School of Management Main Line vs. Basinger Selected Filmography Kim Basinger Sherilyn Fenn Novel Romance (2006) Dream Warrior (2004) Darkness Falls (1999) Outside Ozona (1998) Boxing Helena (1993) Backstreet Dreams (1990) The Wild Life (1984) 2 The Sentinel (2006) Cellular (2004) 8 Mile (2002) L.A. Confidential (1997) The Getaway (1994) Batman (1989) Hard Country (1981) 15.963 [Spring 2007] Managerial Accounting & Control Main Line vs. Basinger Evaluate the defense argument that Mazzocone “has a duty under the law to minimize his loss, and this does not include going out and making a picture knowing you are $2m short. At what stage in the negotiations did Basinger withdraw? If late, it is possible some costs were contractual obligations (such as rights to script) at the time, and these obligations were assumed with the presumption of Basinger participating. Managerial Accounting & Control 3 15.963 [Spring 2007] Main Line vs. Basinger What were Mazzocone’s options following Basinger’s withdrawal? Do not make movie – this assumes all costs sunk. Make with another actress – this assumes some cost recoverability. How does this relate to example in previous class about airline pricing? Evaluate the following claim: “at the time of Basinger’s withdrawal, Mazzocone was faced with a short run decision.” Does loss minimization imply not...
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...funding. The three types that exist in the United States are for-profit, non-profit, and government funded organizations. The financial resources and how profit is appropriated are different amongst all three types of organizations. Government Funded The most well-known government funded health care system is the Department of Veterans Affairs. This health care system is unique in that it was created specifically to treat American veterans of the US military, whereas for-profit and non-profit organizations must treat every patient regardless of status, or ability to pay. A person who served in the active military, naval, or air service and who was discharged or released under conditions other than dishonorable may qualify for VA health care benefits ("Office of Public and Intergovernmental Affairs", 2014). Many diseases and permanent disabilities or service-connected disabilities, US veterans suffer from were acquired serving in wars both past and present while serving this country. It is the governments’ intention to help treat those who so bravely laid their life on the line to serve and protect this country. On that note, most military are eligible to be treated within this health care system for little to no cost, with very few not meeting eligibility requirements. There are still however financial assessments as to how much a veteran makes and thresholds that are established to determine financial contribution, if any. Upon application a veteran must provide a...
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...technological developments, economic pressures, and other factors. Most recently, economic recession and recurrent high fuel costs have challenged U.S. airlines, which have taken a number of actions to lower costs and increase revenue—including capacity reductions, fare increases, baggage fees, and mergers. Beginning in 2002, the Office of Inspector General has issued periodic reports regarding the performance of the aviation industry. This report, the 11th in the series, focuses primarily on industry performance during the 2008–2011 period and summarizes long-term trends since 2000. This report also highlights issues related to changes in airlines’ business environment, the industry’s reactions to those changes, and the impact of these actions on the traveling public. Finally, this report includes exhibits with more than 40 statistical charts (or metrics) organized in five areas: airline finances, air traffic, flight service, delays and cancellations, and customer service. 1 For a detailed discussion of our scope and methodology, see exhibit A. 1 For a list of all exhibits included in this report, see the Table of Contents on page 15. 2...
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...Public Opinion Quarterly, Vol. 69, No. 2, Summer 2005, pp. 232–245 THE COST-EFFECTIVENESS OF ALTERNATIVE ADVANCE MAILINGS IN A TELEPHONE SURVEY LARRY A. HEMBROFF DEBRA RUSZ Michigan State University ANN RAFFERTY HARRY MCGEE Michigan Department of Community Health NATHANIEL EHRLICH Michigan State University Abstract Advance letters are being used increasingly to combat the decline in response rates, but their effectiveness depends partly on their being read. In the face of the post-9/11 anthrax mailing scare, the Office for Survey Research (OSR) converted to using advance postcards rather than advance letters. Subsequently, the OSR conducted an experiment to test the effectiveness of sending letters, postcards, or nothing to directory-listed numbers selected in a large random digit dial (RDD) telephone survey. In terms of response rates, the results clearly indicate that sending advance letters is more effective than sending postcards, which, in turn, is more effective than sending nothing. A detailed cost-effectiveness evaluation indicates that sending letters actually saves money, despite the increased costs associated with the mailings, compared to sending postcards; sending postcards is also more cost-effective than not sending anything. Introduction Response rates in surveys have been declining for several decades (Groves and Couper 1998; Steeh 1981; Steeh et al. 2001), and the rate of decline increased after the mid-1990s (Curtin, Presser, and Singer 2005; Smith...
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...Sergio Hernandez Jose Roque Paul Zuniga October 7th, 2012 Laboratory Report: Acceleration on an Incline Purpose: 0 Use a Motion Detector to measure the speed and acceleration of a cart rolling down an incline. 1 Determine the mathematical relationship between the angle of an incline and the acceleration of the cart. 2 Determine the value of free fall acceleration, g, by extrapolating the acceleration vs. sine of track angle graph. 3 Determine if an extrapolation of the acceleration vs. sine of track angle is valid. Materials: * Computer * Vernier computer interface. * Logger Pro. * Vernier Motion Detector. * Dynamics cart. * Meter stick. * Ramp. * Books. Procedure: 1. Connect the Motion Detector to the DIG/SONIC 1 channel of the interface. 2. Place a single book under one end of a 1 – 3 m long board or track so that it forms a small angle with the horizontal. Adjust the points of contact of the two ends of the incline, so that the distance, x, in Figure 1 is between 1 and 3 m. 3. Place the Motion Detector at the top of an incline. Place it so the cart will never be closer than 0.4 m. 4. Open the file “04 g On An Incline” from the Physics with Vernier folder. 5. Hold the cart on the incline about 0.5 m from the Motion Detector. 6. Click to begin collecting data; release the cart after the Motion Detector starts to click. Get your hand out of the Motion Detector path quickly. You may have to adjust the position...
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...cost-saving opportunities, brand-portfolio rationalization, higher FCF from lower W&S inventory investment, above-average mega-brands' results or support from first-mover EM inroads In a medium-term growth environment, LVMH has the chance to be a key consolidator in the luxury goods industry: a mega-merger with CFR would be a strategic master stroke, placing it ahead of any M&A counter move by competitors SEE DISCLOSURE APPENDIX OF THIS REPORT FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS LVMH: KING OF THE LUXURY JUNGLE 1 Portfolio Manager's Summary We have few doubts about the opportunity of investing in LVMH for the medium to long term. We expect "winners will continue to win" in the luxury industry. LVMH with its material scale advantage, leading brand portfolio, balanced category and geographic exposure is set to dominate over competitors in the long term. LVMH's mega-brands and scale advantage is particularly relevant in fashion and leather goods. We expect this area to continue to provide material top-line and earnings growth. In fact: (1) mega-brands like Louis Vuitton secure...
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...REPORT ON THE FINANCIAL EVALUATION: MCDONALD'S CORPORATION AND YUM! BRANDS REPORT ON THE FINANCIAL EVALUATION: McDONALD'S CORPORATION AND YUM! BRANDS TAMARA AYRAPETOVA The aim of this paper is to perform financial analysis by using financial ratios and to comment, evaluate, and understand the origins of the results by using the comparison of two companies chosen as a case study. The McDonald's Corporation is the largest fast food restaurant in the world. McDonald's Corporation statistics base it in over 119 countries and it serves more than 68 million customers daily. The company's revenues are coming not only from its primary products like hamburgers, cheeseburgers, etc., but also from rent, royalties, and fees paid by the franchisees. This report will look at the financial statements of the McDonald's Corporation over the past 3 years starting from 2010 through 2012. The author of the paper will apply financial ratios to analyze company's position and to identify patterns and trends. She will then compare the results of the analysis with one of the biggest competitors of McDonald's - Yum! Brands Inc. and the industrial averages. Yum! Brands Inc. is a US based corporation. It includes famous brands like KFC and Pizza Hut in their chain. Currently Yum! Brands are the largest competitors McDonald's has in the fast-food industry. To compare the two companies financial statements will be taken from Yahoo Finance (2013). Unauthenticated Download Date | 12/14/14 11:28 PM ...
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...reputation in the community. They have been recognized in the following publications: FORTUNE 19th in Revenue among All Companies in All Industries (2010), World’s 39th Most Admired Company (2010), Forbes One of America’s Best Big Companies (2008), Top 100 Best Companies in the World (2010), Barron’s World’s 50 Most Respected Companies (2010), BusinessWeek Best Places to Launch a Career (2009), America’s #2 Most Generous Corporate Foundations (2010), Newsweek America’s #1 Green Bank and #13 Greenest Big Company (2009), Human Rights Campaign Perfect Score of 100 on Corporate Equality Index (2009),U.S. Environmental. we researched Wells Fargo's performance in the last couple of years as a way to check on its progress to greatness. What we found was an...
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...Merrill Lynch The Dual Listings July 2002 EVENT DRIVEN & EQUITY ARBITRAGE SALES FOR INTERNAL USE ONLY Trades Examined: UK - Netherlands Reed Elsevier NV (REN NA) vs Reed Elsevier Plc (REL LN) Royal Dutch Petroleum (RDA NA) vs Shell Transport & Trading Co Plc (SHEL LN) Unilever NV (UNA NA) vs Unilever Plc (ULVR LN) UK - Australia BHP Billiton Ltd (BHP AU) vs BHP Billiton Plc (BLT LN) Brambles Industries Ltd (BIL AU) vs Brambles Industries Plc (BI/ LN) Rio Tinto Ltd (RIO AU) vs Rio Tinto Plc (RIO LN) Introduction: The purpose of this report is to provide a basic overview of the dual-listing environment, highlighting the nature of company structures involved, why the structures were adopted and how they work. Contents: Page 1. Frequently Asked Questions 2 2. Why do Dual Listed Companies Exist? 4 3. Dual Listing Structures 5 4. Currency Risk 6 5. Terminology 7 6. Factors Affecting Performance 8 Appendix 1: Stock Specific Data A.1 Reed Elsevier NV vs Reed Elsevier Plc 10 A.2 Royal Dutch NV vs Shell T&T Plc 12 A.3 Unilever NV vs Unilever Plc 14 A.4 BHP Billiton Ltd vs BHP Billiton Plc 16 A.5 Brambles Ind. Ltd vs Brambles Ind. Plc 18 A.6 Rio Tinto Ltd vs Rio Tinto Plc 20 Glossary of Terms 22 1. Frequently Asked Questions Q. What is a dual listed structure? Where a company is listed on two exchanges it is referred to as a...
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...Implementing Goods and Services Tax in Malaysia Lim Kim-Hwa Penang Institute & University of Cambridge limkimhwa@penanginstitute.org Ooi Pei Qi Penang Institute peiqi.ooi@penanginstitute.org 8 October 2013 Abstract External economic factors and Malaysia’s domestic fiscal position dictate that the Goods and Services Tax (GST) is likely to be introduced in the upcoming Budget 2014. In this paper, we: 1) assess if GST is a progressive or regressive tax; 2) study the impact of GST on Malaysian households; 3) estimate the total GST raised from households in perfect condition vs. practical circumstance; 4) estimate the expected inflation spike based on the Consumer Price Index; and 5) discuss the wider implications of implementing GST. Despite setting essential items like basic food, public transportation, education and healthcare as exempt or zero rated items, we show that GST is a regressive tax. Using 7% as the standard GST rate, the average household is expected to pay 2.93% of monthly income as GST (RM 104 per month in July 2013 values). Households will pay higher percentage of their income as GST if they are: middle and low income groups (with those earning around RM 2,500 per month paying 3.07%), engaged as technicians, clerical and services workers, farmers and fishermen, in single person household, in young households (less than 24 years old), Bumiputera-led households and households residing in Peninsular Malaysia. We find that it is not possible...
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