Some worry about the influx of Chinese money. "The Chinese savings glut has fully disrupted global financial markets," says Morris Davis, academic director of the Center for Real Estate at Rutgers Business School in Newark, New Jersey. "I have no idea how this ends, but these things typically don't end well." In 1989, Japan's Mitsubishi Estate Co. bought 80 percent of New York's Rockefeller Center, only to jettison its $2 billion stake in the mid-1990s when the landmark building filed for bankruptcy.
In an early-morning call with investors Monday, officers of the two drug-makers portrayed their deal as a boon for health care. Pfizer trumpeted Allergan's strength in drug classes Pfizer had "exited" due to weak returns. The new Pfizer inherits Allergan's pipeline of more than 70 experimental drugs, which includes a new line of biosimilars--essentially me-too versions of existing biotech drugs, says Mahmud Hassan, director of the pharmaceutical management program at Rutgers Business School.
The two companies say they are looking for $2 billion in savings from the merger. While merged companies tend to focus on cutting duplication, Pfizer and Allergan have distinct drug portfolios - Pfizer with drugs including Viagra and Lipitor and Allergan, which makes Botox - and so not much overlap, said Mahmud Hassan, a finance and economics professor at Rutgers Business School, who specializes in the pharmaceutical industry.
NEW JERSEY is heavily dependent on its huge transportation system. Whether moving goods or bringing people to work, the state's transportation system is vital for its economic survival. But this means substantial maintenance and key improvements. That costs money.
According to the American Association of State Highway and Transportation Officials, every dollar spent to keep a road functioning avoids $6 to $14 later needed to rebuild the same road once it has deteriorated. The state's transportation network is decaying and unless billions of dollars are spent immediately to make necessary repairs, New Jersey will suffer. The Federal Highway Administration stated that insufficient investment in roads and bridges has led to "poor" and "deficient" conditions where at least $118 million is required annually to rehabilitate the state's infrastructure over the next twenty years.
America’s SBDC New Jersey, also known as the New Jersey Small Business Development Centers (NJSBDC) network, is sponsoring its Second Annual 2015 Internet Marketing Week Pitch Competition during the week of November 9 – 12, 5 pm to 9 pm at the New Jersey Institute of Technology’s Enterprise Development Center (EDC) in Newark, NJ. The City of Newark is hosting dozens of small business advocates, digital marketing experts, and established businesses seeking to improve their digital marketing strategy during this special series.
The NJSBDC network, the premier provider of comprehensive services for small businesses statewide, is sponsoring this event to further bolster support for entrepreneurship and small business ownership.
“Internet presence is significant these days,” said Brenda Hopper, chief executive officer and state director of the NJSBDC network. “This special series will really provide business owners with the knowledge and wherewithal to succeed in elevating their businesses.”
“We’re very excited about this week’s activities,” added Deborah Smarth, NJSBDC network chief operating officer and associate state director. “Our E-Business program provides invaluable assistance to those who want to advance their digital media strategies and enhance their business growth potential.”
"The Internet of Things (IoT) is profoundly reshaping the supply chain and is reinventing the entire industry. Many companies have focused their IoT strategy on how the technology can cut costs and improve efficiency. However, IoT can also serve as a foundation for greater differentiation and innovation," said Jackie Scott, global program director of Rutgers Business School Executive Education.
"Companies that embrace new technology will be better positioned to unlock fresh revenue streams, provide better customer experiences and create modern operating models that will drive efficiency and create real value,” Scott said.
Brett Gilbert, an associate professor of management and global business at Rutgers Business School, discusses how clusters, or groups of companies that congregate in a region around a particular field, are evolving.
One bad corporate apple, it seems, can spoil a whole bunch. That’s the conclusion of a fascinating academic study that examined accounting restatements by thousands of corporations over a 12-year period. Three academics conducted the study, which will appear in the November issue of The Accounting Review, published by the American Accounting Association. They are Simi Kedia of Rutgers University Business School, Kevin Koh of Nanyang Business School in Singapore and Shivaram Rajgopal of Columbia University Business School.
Earnings manipulation is also more prevalent than we might think. The PCAOB report comes on the heels of a recent study titled, “Evidence on Contagion in Earnings Management.” One of the authors, Rutgers Business School professor Simi Kedia, told me that her research showed that if a company is cheating on its financial reporting and gets caught, other firms will “learn about how costly it is to cheat.” If it’s “not so bad,” she says her research shows, other firms will start cheating in the very same way.
If, however, the penalties are severe, other companies are deterred from following suit. This recent research specifically reviewed instances of copycat behavior that followed public information about the cheating, Kedia told me, calling it “public contagion.” The research shows how important strong regulatory enforcement can be.
En garde, world. If 23-year-old Kamali Thompson continues on the path she has been blazing since she graduated from Teaneck High School in 2008, she’ll have the 2016 Rio de Janeiro Olympics on the blade of her very winning saber.
“At first, I was reluctant because it was so different,” she said. “I was a high school kid, and I just wanted to fit in.”
But after her mother took her to see a demonstration at the Peter Westbrook Foundation, a Manhattan-based organization that is dedicated to teaching fencing to minority and inner-city youngsters who might not even be aware of the sport. After that, Thompson said, she decided to give it a try – “and now I am passionate for fencing,” she added.
Discrimination is especially real for minority entrepreneurs. According to a study published by Glenn Christensen, an associate professor of marketing at BYU, Jerome Williams, executive vice chancellor and provost at Rutgers University-Newark and a marketing professor at Rutgers Business School and lead author Sterling Bone, a Utah State University business professor, minorities face more challenges than their white peers in the perennially high-stress process of securing business financing. That racial profiling can lead to discouragement and diminished self-worth.
In years of studying the matter, Rutgers Business School Distinguished Professor Jerome D. Williams said he has never discovered any compelling reason to think that one racial group shoplifts more than others. "The arrest data does not give us the true picture of what you really want to know,” Williams said. "Because the arrest record tells you who got caught, and who got caught is a function of who got watched, and as we know, who gets watched is, in many instances, a function of what color" the person is.
"Companies large and small recognize that supply chain management provides efficiency, quality, cost benefits, use of significant manufacturing techniques and systems, and promotes flatter organization structures and better communication," Spiegle said.
According to a recent study, Millennials are destined to make up an estimated fifty percent of the U.S. workforce by 2020. Women, in particular, in this demographic are ushering in a culture of inclusiveness and collaboration in a new era of female talent. Dr. Tashni-Ann Dubroy is no exception.
As the newly-appointed President of Shaw University at age thirty-five, she brings to her post an impassioned and transforming vision for the university and its student body. She has also elected to go against the grain with an intergenerational executive cabinet that demonstrates diversity in thought.
Dr. Dubroy, a highly accomplished educator, is a graduate of Shaw with a Ph.D. in Chemistry from North Carolina State University and an MBA from Rutgers Business School. Most importantly, she's a Millennial with business acumen that merges the qualities of excellence in higher education with the professionalism of the boardroom.
Financial restatements can prompt similar companies to misstate their own earnings, according to a new study.
The authors—Simi Kedia of Rutgers Business School, Kevin Koh of Nanyang Business School in Singapore and Shivaram Rajgopal of Columbia University Business School—believe their study to be “the first to document that peer firms begin managing earnings after an earnings restatement is announced by target firms in their industry or in their metropolitan statistical area.” The study will be published in the November issue of the American Accounting Association journal The Accounting Review.
"I give Trump credit for raising this issue of the offshoring," said Michael Santoro, professor of management and global business at Rutgers Business School. "I do think there is a deal to be made here, but you have to be a tough negotiator because right now I bet a lot of these companies want to bring this money back anyway."
On Tuesday bank earnings season will begin just as it always does: with JPMorgan Chase's Jamie Dimon and Marianne Lake running through the latest results and then opening up the floor to questions.
First among U.S. banks in size and public stature, JPMorgan is also the first to report its financial results in nearly every quarter. For many analysts, investors and journalists, its press releases (ETA normally 7 a.m.) mark the beginning of earnings season.
There’s no rule that makes it so — banks, like other public companies, have wide leeway over when to report their earnings. Yet earnings season is full of unwritten rules, like JPMorgan going first, that are so rarely challenged they seem to have been etched in stone and handed down from on high — a mix of informal traditions and sheer arbitrary habits.
Technology, mobile devices, social media, the sharing economy and the impact of millennial are dramatically changing how people get around, work and play—new behaviors that are dictating trends in workspace location, design and usage.
These trends will be the subject of discussion at NAIOP New Jersey, the commercial real estate development association’s seminar, “Digital Disruption, the Mobile Tech Wave and CRE: The Sharing Economy and Workspace Revolution,” slated for Wednesday, October 21, 2015, 7:45 a.m., at Rutgers Business School’s Bove Auditorium in Newark. The event will feature a keynote address by nationally known expert Andrea P. Foertsch.
Real-estate broker Warren Teller watched as the housing market in Richmond, Virginia, slowed dramatically eight years ago. Today, he’s witnessing a reversal.
“We’re in the best position that we’ve been in since probably 2006 and 2007,” said Teller, 41, who’s even seen bidding wars and appraisal-topping purchase prices. “As far as prices, we’re back on track with where we were before the bubble burst, and as far as inventory, we’re down.”
As residential real-estate prices stage a comeback, Federal Reserve policy makers may be gaining an extra motivation for lifting interest rates for the first time in nearly a decade: They don’t want to let recovery evolve into excess.