Daily News Mug

October 24, 2014
by The Mug
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AmTrust Bank: A Subsidiary of the New York Community Bank

Considered probably as one of the most resilient financial institutions in the country, AmTrust Bank traces its history in 1889 as the Ohio Savings Bank. The company is one of the many financial institutions that have been impacted by the recession the country is experiencing.

Despite being closed down in 2009, the business got revived the following year. During the melt down of the business, all of its deposit accounts were moved to the New York Community Bank. As the latter expanded its operations in Cleveland, the business got revived. Together with its rebirth, the company’s original brand name also got revived as another subsidiary of NYCB. It now functions as a division of the New York Community Bank. The company offers construction lending, investment and insurance, mortgage, commercial and retail banking.

Starting out as a savings and loan association AmTrust Bank was once considered as one of the 20 largest mortgage lenders in the country. Together with 6 other brand names, they form the NYCB Family of Banks.

October 21, 2014
by The Mug
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Amgen: The World’s Largest Biotechnology Firm

Considered as the world’s largest biotechnology firm, Amgen is an American biopharmaceutical company headquartered in Thousand Oaks, California. The business was formerly known as Applied Molecular Genetics. The current business name is a portmanteau of the former name of the enterprise which started out in 1980. It was  three years after that the business adopted its current brand name.

The growth of the business is mainly attributed to its organic expansion and strategic acquisition. Since the time of its inception, the company has made five major corporate acquisitions. From 1994 until 2013, the business was able to acquire 15 biopharmaceutical businesses that are in line with the company’s mission of becoming the biggest firm in the world.  As of, there are several products that the company manufactures and markets. They have about 12 approved drugs that are used to treat 17 medical conditions and several other therapeutics that are on its clinical testing pipeline.

Amgen is best known for their drugs used to prevent infections of those patients who are undergoing chemotherapy. These two drugs are somehow interrelated and are marketed under the brand names Neulasta and Neupogen. They also have a medication that has been approved for rheumatoid arthritis and other autoimmune diseases. This tumor necrosis factor blocker is marketed under the name Enbrel. Amgen is also the producer and marketer of drugs like XGEVAm Aranesp, Epogen, Prolia, Sensipar/Mimpara, Vectibix and Nplate. They also have three other products that were developed by their team of experts and were later sold off and licensed to other businesses: Kineret, SteamGen and Kepivance.

The novel therapeutics that Amgen creates are marketed around the world. These products and all the services offered by the company help generate their annual income of more than $15.58 billion. The company is listed as a major component of the S&P 500, the NASDAQ 100 and the Russell 3000 Indices. It continues to be publicly held on the NASDAQ under the symbol AMGN.

October 17, 2014
by The Mug
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Workday, Inc.: Managing Businesses with Mobility

Following the hostile takeover of PeopleSoft, its founder David Duffield and Aneel Bhusri created another venture, this time focusing on a cloud-based platform. The partners set off to create Workday, Inc. in 2005. Their business is registered as a vendor of software for human capital management and financial management.

Through the expertise and connections of these two gentlemen, they were able to put up a business that has attracted more than 100 companies in 46 countries in less than 3 years of its inception. Through the services they provide, businesses are given assistance in managing their resources, financial accounting and revenue while maximizing the efficiency of their people. Because of the company’s cloud-based platform, they are able to provide busy executives and senior leadership the mobility they need to still work while on the go.

The products offered by Workday, Inc. remains to be competitive in the market. Not only are they offering their systems at a reasonable cost, they also offer their products with major updates provided every 6 months.

October 14, 2014
by The Mug
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TD Ameritrade: Offering Financial Freedom Since 1975

From a small investment banking firm, TD Ameritrade has grown to become the 746th largest U.S. firm in 2008. The company today is an online broker that has more than 5,836,000 accounts. The business is owned by TD Ameritrade Holding Corporation and is based in Omaha, Nebraska.

The company is publicly traded on the New York Stock Exchange and has about $481 billion in total client assets. As a brokerage firm, the company offers futures, ETFs, mutual funds, margin lending, preferred and common stocks, fixed income, cash management services and option trades. The company started out as the First Omaha Securities, Inc. and later on evolved to become the Ameritrade Clearing, Inc. and eventually to becoming TD Ameritrade. The business is one of the minority firms that were able to make a breakthrough after the Securities and Exchange Commission abolished the use of fixed brokerage commissions. Since its inception 35 years ago, the company continues to provide individual investors more access to the Wall Street.

TD Ameritrade continues to empower their clients to pursue their dreams of financial freedom and has provided them easy access to all the resources, education and services that would make them break through. Other than being a trusted partner in seeking financial independence, the company has also made a lot of firsts in the industry. Among its firsts is the touch-tone phone trading which it offered in 1988. It was also the first business to provide online trading in 1994 after it acquired K. Aufhauser & Co. Ameritrade was also the first company to go paperless and introduced the first online account opening process. As the business continued to advance the future of trading, it also strengthened its position in the market.

As more and more investors come to trust the service provided by Ameritrade, more trading transactions are done online. To date, there are roughly more than 400,000 trades placed by their clients every day.

October 10, 2014
by The Mug
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Sirona Dental Systems: World’s Largest Dental Equipment Manufacturer

Functioning as a subsidiary of Siemens, Sirona Dental Systems became an independent business in 1997. The company today is known as the world’s largest supplier of dental equipment. Headquartered in Long Island, New York, the company has global reach with products sold in more than 100 countries.

The products manufactured by Sirona are used for dental diagnosis and for restoration. They are best known for developing and marketing the world’s first dental X-ray unit, the REKOR in 1905. The product portfolio of the company includes dental treatment instruments, imaging systems, dental diagnostic products and materials and equipment for restoration. Their operations are divided into four segments: Instruments, Imaging Systems, Dental CAD/CAM Systems and Treatment Centers.

There are more than 450 distribution facilities around the world that Sirona operates and owns. It is through this network of distribution centers that they are able to market their products to dental practitioners, laboratories and clinics.

October 7, 2014
by The Mug
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ResMed: Giving the World a Good Night’s Sleep

Sleep is essential for every living thing to continue its existence. It is the body’s means of recuperating and resting from a day’s activity. It is the easiest and simplest means of rejuvenating our tired bodies. There are, however, some factors that might hamper our getting of restful sleep. ResMed is an expert in this arena and no other company has a better understanding of sleep disorders than they do.

Founded in 1989, the company has been providing the world the technology to diagnose and effectively address any sleep disorder especially obstructive sleep apnea (OSA). In a study conducted in 2012, results have shown that inadequate supply of oxygen to the body during sleep because of apnea is linked to increase vascular and tumor growth. These instances would eventually lead to higher instances of worsening into cancer. In the United States alone, it was surveyed that 24% of all middle-aged Americans are suffering from at least moderate sleep apnea. These individuals carry on with their lives without having their sleep disorders diagnosed or untreated.

Statistically, the ballooning number of individuals who are having sleep apnea disorders is causing $3.4 billion annually in medical costs. It is in this picture that ResMed comes in. The company provides not just the United States, but the entire world, the most recent technology to use in the diagnosis, treatment and management of sleeping disorders, particularly sleep-disordered breathing. The business is now a global leader in sleep medicine and non-invasive ventilation during sleep. Their products and services are marketed in over 70 countries through their network of distributors.

With the innovative products that ResMed introduces to the market, every individual is now guaranteed a good night’s sleep. Not only is the business addressing an impending issue in the healthcare industry, but it’s also promoting a healthier lifestyle by giving everyone the rejuvenating sleep we need.

October 3, 2014
by The Mug
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Pandora Media: Your Music Resource

Pandora Media is one of the companies in the United States that have a strong presence in the business of providing customized radio stations. The company got engaged in the licensing of transitional strategy of technology to businesses like Tower Records, Barnes & Noble, Best Buy and AOL. This venture, however, nearly failed that the company reverted to its original business model.

The business is the owner of Pandora Internet Radio. Also known as Pandora Radio or simply Pandora, this offering provides music recommendation service and music streaming. This product is only made available in the United States, New Zealand and in Australia and serves as the custodian of the Music Genome Project. In 2013, the company announced that it has already reached more than 200 million users, of which 70 million are active every month.

Other than their web-based music streaming site, they also offer an application for mobile listening which they recently modified to remove the cap of 40 hours per month bandwidth.

September 30, 2014
by The Mug
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Mylan: The World’s Second Largest Generic and Specialty Pharmaceutical Company

It is in Cecil Township, Pennsylvania that Mylan holds its headquarters. The company is a billion dollar business that generates more than $6.80 billion in annualized revenue and is engaged in the distribution of specialized and generic drugs. As a global business, the company has presence in the North America, Asia Pacific, Europe, the Middle East and in Africa.

From its inception in 1961, the company has grown to become the second largest generic and specialty pharmaceuticals in the world. It has presence in more than 150 countries and has more 1,000 products being marketed. They have over 22,000 employees around the world that helps in the manufacturing of these drugs and the distribution of their finished products. Their global manufacturing output is estimated to be more than 45 billion doses.

The business continues to provide the world with affordable and more accessible medicine to improve wellbeing. For more than 50 years, they remain anchored to their commitment to help patients get better. Their first produced and marketed product was the Penicillin G. When they got the approval of the FDA to start selling their offering, they started broadening their product portfolio. Some of the first few products they offered include analgesics, generic antibiotics, diuretics, antihistamines and tranquilizers. These products were marketed to drug store chains, large drug companies and mail-order drug providers.

The growth of the company is attributed to its organic growth and strategic acquisition. Through the years, the company has made several substantial acquisitions that have helped shape the Mylan that it is today. When the business purchased the India-based Matrix Laboratories Limited and the Germany-based Merck KGaA, the business became the second largest generic pharmaceutical company.

Mylan was founded by Milan Puskar and Don Panoz in White Sulphur Springs, West Virginia. The company started out as Milan Pharmaceuticals and naming rights of the enterprise was made by tossing a coin of its founders.

September 26, 2014
by The Mug
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Lam Research Corp: Innovating the Future of Technology

In 1980, David K. Lam started the venture which is now known as the Lam Research Corporation. His business is now a solid partner of companies that are engaged in the production of semiconductors. From their operations in the United States, the business has expanded to the Asia Pacific, Korea, Japan and in Europe.

Lam Research Corporation is in the business of designing, developing, manufacturing and selling of various semiconductor processing equipment. Part of their product portfolio is tier etch systems, chemical vapor deposition, physical vapor deposition, plasma-enhance chemical vapor deposition, dielectric and conductor etch, resist strip and surface preparation several synergy cleaning products. All of these products and services are used in the fabrication of integrated circuits.

Through its wafer fabrication equipment, the company is able to immensely help in innovating the technology that changes the way we live. The solutions Lam Research develops allows its end users to come up with smaller but more powerful and faster electronic devices.

September 23, 2014
by The Mug
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Lennar Corporation: One of America’s Biggest Homebuilders

Originally founded as F&R Builders in 1954, Lennar Corporation is considered as one of the largest and most trustworthy homebuilders in the United States. The company is headquartered in Miami, Florida and is publicly traded on the New York Stock Exchange. As a construction company, the business is focused on the creation of retirement homes that are smacked in the middle of communities that are capable of addressing nearly all kinds of lifestyle.

These properties are located in both urban and suburban communities that are near golf courses and are able to cater to the active adult lifestyle of most retirees. Their assets are situated in some of the finest markets in the country in 18 states. Not only is Lennar Corporation capable of producing high quality homes, they are also able to help every customer in the entire process of homebuying. Through their partnership with financial services entities, customers are provided assistance in every step of the way.  Some of the services they offer include title, mortgage, closing services and even high-speed internet service. The three financial services companies partnered with Lennar are the North American Title Company, Universal Mortgage Company and Lennar Communications Ventures.

The products and services of Lennar are marketed under two brand names: Lennar and Village Builders. To make it easier for prospect home buyers to locate their next house, Lennar Corporation offers a listing that allows consumers to do a search on their website.

Back in 2008, the business was once cited as the  country’s 2nd largest homebuilder. Lennar is part of the Fortune 500 companies and is a component of the S&P 500 and the Russell 1000 Index. Although the company got badly affected by the U.S. housing market crisis in 2007 and 2008, they were able to bounce back. One of the notable projects of Lennar is the Coto de Caza in California, which flourished into an affluent community.