Daily News Mug

August 29, 2014
by The Mug

Chicago Board Options Exchange: World’s Barometer for Market Volatility

The Chicago Board Options Exchange (CBOE) is listed as the largest options exchange in the country. The business is headquartered in Chicago, Illinois and has an annual trading volume of more than 1 billion.

The business was established in 1973 and now offers options to over 2,200 companies, 140 exchanged-traded funds and 22 stock indices. Their contracts are all cleared by the Options Clearing Corporation (OCC). It competes against NASDAQ, New York Stock Exchange and several other exchanges through its Reg NMS-compliant stock exchange called the CBOE Stock Exchange (CBSX). This program was launched in 2007 and trades on the CBOE Futures Exchange for volatility and variance contracts. Their options on the CBOE Volatility Index (VIX) is now considered as the world’s barometer when it comes to market volatility.

Through product innovation, investor educatio0n and trading technology, CBOE continues to set the benchmark when it comes to options trading. Their website CBOE.com is heralded as the “best of the web” when it comes to options information and education.

August 26, 2014
by The Mug

Coca-Cola Enterprises: World’s Leading Beverage Maker

One of the largest beverage makers and known thirst quenchers in the world is Coca-Cola Enterprises. The business is the maker of well known beverages like Coca-cola, Sprite, Coke Zero, Diet Coke, Fanta, Schweppes, Monster and Ocean Spray.

Although bearing the same name as The Coca-Cola Company, the business is an independent venture and is focused on beverages. The growth of the company is mainly attributed to its strategic acquisition of the businesses within The Coca-Cola Company. It started buying off bottling ventures in 1980 and started with the Coca-Cola Bottling Company of New York. Two years later, it again purchased another bottling venture, the Associated Coca-Cola Bottling Company. It was in 1986 that the business was spun off, although it gets to retain its name and the Coca-Cola trademark.

As a leader in the beverage industry, the business is listed as the anchor bottler for Western Europe. Prior to the division of Coca-Cola’s operations into anchor bottlers, the company was also in charge of manufacturing and bottling operations in North America. This division of the business was sold to The Coca-Cola Company in 2010. Today, Coca-Cola Enterprises is the exclusive bottler of Coca-Cola products in Belgium, France, Great Britain, Luxembourg, Monaco, The Netherlands, Norway and in Sweden. The production facilities of the company are located in various parts of the world.

Leading in the industry of beverages, the business generates more than $7.6 billion in annualized revenue. The business competes closely with Pepsi and in several countries, remain to be the preferred beverage of choice. There are more than 13,200 employees around the world who are working for the business. Its main office is located in Atlanta, Georgia. The company is publicly held on the New York Stock Exchange.

Despite the change in market trends and consumer demands vary, there will always be a fan of the company in every corner of the world.

August 22, 2014
by The Mug

Allegion: Providing Your Homes and Your Business the Security You Need

One of the considerations of businesses other than generating the much needed income is security. This is also true for homeowners who cannot jeopardize the security of their homes over the cost of their mortgage.

Allegion Plc is one of those businesses that address this need. With over 27 global brands under management, the business is considered as one of the biggest providers of security products both for commercial and residential use. The company is capable of generating more than $2 billion in annual revenue and markets their products and services in more than 120 countries. The company was created in 2013 after it was spun off as an independent venture from Ingersoll Rand Plc.

The company is headquartered in Dublin, Ireland and has offices around the world. There are more than 8,000 associates of the business. As a publicly traded company, its common stocks are marketed on the New York Stock Exchange.

August 19, 2014
by The Mug

BioMarin Pharmaceutical: Healing the World One Patient at a Time

Serious diseases and life threatening medical conditions are now being addressed by the innovative therapeutics brought to the market by BioMarin Pharmaceutical. Thanks to the geniuses behind the businesses, rare diseases and several unmet medical conditions are now looked into by the company.

Established with an investment of $1.5 million from Glyko Biomedical, Doctors Christopher Starr and Grant W. Denison Jr., put up the business in 1997. The core business of the company lies in their research on enzyme replacement therapies (ERTs). Several rare diseases have been addressed by the company through this scientific breakthrough. They are known across the globe for manufacturing orphan drugs, or those medications that are intended to address very rare medical conditions.

Currently there are five orphan drugs that are being marketed by the business. Kuvan (Tetrahydrobiopterin) for phenylketonuria, Naglazyme (Arylsulfatase B) for Maroteaux-Lamy syndrome, Aldurazyme (Iduronidase) for mucopolysaccharidosis I, VIMIZIM (Elosulfate Alfa) for MPS IVA, and Firdapse (Amifampridine) which is used for treatment of Lambert-Eaton myasthenic syndrome. As a biotechnology business, BioMarin stands as the first business to address the needs of these diseases. There are also several medications that are in the pipeline and are in various clinical trial phases.

The company has a global presence and has offices in the United States, Asia, Europe and in South America. There are about 1,300 associates that are working for BioMarin. Several employees are scientists who have dedicated their lives to finding cure for the world’s rarest diseases. These geniuses are focused on addressing the unmet areas of rare genetic diseases.

The five products that have been marketed by the company since its inception in 1997 is a feat that is considered remarkable considering the length of time the business has been operating. Their products remained a testament to the dedication of the company in providing patients with extremely rare conditions the attention they need to make them better.

August 15, 2014
by The Mug

Woodward, Inc.: Offering the World Energy Control Solutions

Energy control solutions are the expertise of Woodward, Inc. – the world’s largest and oldest provider of mechanical, hydraulic and electronic control systems. The business was created in 1870 by Amos Woodward.

The business kicked off as The Woodward Governor Company and has championed in providing the world the control solutions needed. The business designs, manufactures and provides service to industrial engines, power generation, aircraft engines and mobile industrial equipment. It has several offices around the world, including in China, Japan, Europe, the United States and several others. In 2007, the company has become a billion dollar venture. They are best known for their Woodward AES controls which is used by 75% of the world’s propeller-driven aircraft. Several aircraft models also rely on their synchronizers, synchophasers and governors to function smoothly.

It was in 2011 that the business has changed its name to reflect its current branding. Today, they control engine systems that are manufactured by Vans, Rotax, Raytheon, Pratty & Whitney Canada, Honeywell and General Electric.

August 12, 2014
by The Mug

YRC Worldwide: A Global Provider of Transportation Services

James E. Hoffman serves as the Chairman of the Board of YRC Worldwide, a provider of transportation services around the world. The business is considered as one of the largest in the industry and serves as the holding business for brand names like USF Reddaway, USF Holland, YRC, YRC Reimer and New Penn.

The transportation services the business offers are availed by retail goods, commercial and industrial companies. Their networks are categorized as local, regional and national capabilities. YRC now stands as an expert in flexible supply-chain solutions and heavyweight shipments. Their name alone is already an assurance to their business partners of transporting goods efficiently.

It was Grover Cleveland “Cleve” Harrell, who started the venture. While the company took shape in 1929, his efforts to put up his own venture started in 1906. He started with a horse-drawn hack in Oklahoma City and later on purchasing the novelty T Ford that everyone was more than willing to pay more just to ride in an automobile. What he started, later on became the Yellow Cab Company. From horse drawn carriages to state of the art automobiles, the company has evolved and has changed its name numerous times and has served various industries. It was in December 2003 that the business eventually became a billion dollar venture after acquiring Roadway Corp.

The name YRC stands for the Yellow Roadway Corporation, which the company used after it acquired Roadway Corp. The color yellow has always been the trademark of the business and has been an integral part of the success of the venture. As the company expanded and as it continued to acquire more businesses and expand its global presence, it adopted its new corporate name.

Globally, there are about 32,000 associates that YRC employs. These workers help in generating the organization’s annual revenue of more than $4.869 billion. Headquartered in Overland Park, Kansas, the business is publicly traded on the NASDAQ.

August 8, 2014
by The Mug

Universal Insurance Company: Pakistan’s Largest Insurance Company

Considered part of the top ten insurance companies in Pakistan, Universal Insurance Company has been around since its inception in 1959. The business is known for its capacity to underwrite risks of heavy magnitude.

As an insurance business, they are considered as the largest company in Pakistan and offers marine, fire, motor, travel and miscellaneous insurance. The protection of the business is coming from its world renowned re-insurers like the Somitomo Marine and Fire Insurance Company of Japan, Korea’s Korean Reinsurance Company, West Germany’s Hanover Reinsurance Company and the J.B. Boda & Company of Singapore. The business was given the A- rating by the JCR-VIS Rating Company Limited. There are more than 3,000 employees that the company salaried.

Just like other insurance ventures, the company conforms to the organizational structures of the majority of insurance businesses. They are governed by the board of directors who divided into 5 committees, namely, investment committee, audit, underwriting, re-insurance and co-insurance and the claim settlement committee.

August 5, 2014
by The Mug

Vera Bradley: Every Woman’s Favorite Shop

While diamonds are considered to be a woman’s best friend, you cannot just discount the influence that bags and shoes have over the feminine sex. While men continue to be baffled by the appeal of these material things over women, businesses have greatly generated millions in revenue by marketing these items.

One of the well-loved brand names in bags is Vera Bradley. This luggage design company holds its headquarters in Fort Wayne, Indiana and is generating millions yearly for its revenue. They are best known for their patterned designs and has captured the hearts of millions since its inception in 1982. The business offers a variety of bag products including handbags, quilted cotton luggages and accessories. They also carry totes, wallets, tableware, backpacks, laptop backpacks, cosmetic cases and even expanded their offerings to include stationery, rugs, diaper bags, napkins, place mats, umbrellas and several baby products that were added in 2013.

With just $500 as their starting capital, the business kicked off in 1982. It was inspired by the travels of Barbara Bradley Baekgaard and Patricia Miller, who realized that there are not that many feminine looking luggages while travelling through the Atlanta airport. With this realization, the two set out for their venture to produce bags with feminine patterns and eventually started adding other products. The name was taken from the mother of Baekgaard, who used to work as a model for Elizabeth Arden. With just $500, the ladies’ perseverance and constant flow of artistic juices, they were able to make their business work. In less than three years, their $500 capital has given them millions as return of investment.

The majority of their items is sold within the United States, although they have already started penetrating the international market by selling their products online. As of, there are about 3,500 retailers of their products and as well as stand alone stores.

August 1, 2014
by The Mug

TrustCo Bank: More than 110 Years of Financial Services

One of the most trusted commercial banks in the United States is TrustCo Bank. The company has been around for more than 110 years now. Carrying the slogan, “Your Hometown Bank” TrustCo Bank has 134 branches in the state of Florida, Massachusetts, New Jersey, New York and in Vermont.

The company’s main office is located in Glenville, New York. The business provides banking services to the government, corporations, organizations and individual depositors. They have residential mortgage, home equity lines of credit, installment loans, commercial and construction loan services. TrustCo also operates more than 100 automated teller machines in New York alone. The company is listed as an Equal Housing Lender and is known as a portfolio lender, which basically means that it solely keeps ownership of any loans made.

TrustCo Bank is an insured member of the Federal Deposit Insurance Corporation and was once ranked as the 4th best bank in the country by the U.S. Banker Magazine.

July 29, 2014
by The Mug

Trulia: Helping You Find Your Next Home

As technology evolved, so did businesses. In the industry of real estate, one of the well known sites to help buyers and property owners dispose and purchase their real estate is Trulia. It was in 2005 that the company launched its beta product and has now grown into a multi-million venture.

Based in San Francisco, California, the inception of the business sprouted from the frustration of its founders in looking for an apartment in the San Francisco Bay area. While scouting for a place, they realized three things: that the information they have to look for an apartment is insufficient or that it’s out of date or worse, both. Pete Flint and Sami Inkinen were the creators of the website who met at the Stanford Graduate School of Business and used the power of technology to simplify the process of finding a new place.

From a simple venture, the company now offers home buyers, real estate professionals, renters and sellers the tools needed to simply the process of acquiring a new home. Their website lists the properties that are on sale and are for rent in a specific area. They have also grown the company from a single location to a business with two other offices in New York City and in Denver, Colorado. Other than the property listing they provide, they also give renters and buyers the much needed price trend information. To further enhance the experience of looking for a new place, they have also partnered with sites like SpotCrime.com, EveryBlock.com and CrimeReports.com. With connections to these web sites, consumers are able to get an overview of the safety of their possible neighborhood.

Trulia is listed as part of the top websites frequently visited. In 2013, the company’s website was listed by Alexa Ranking on the 604th spot. They have reported that they have over 44 million unique visitors every month.