Burger King Announces Deal To Buy Tim Hortons

Burger King Worldwide Inc. has announced it has reached a deal to buy Tim Hortons Inc. The acquisition was unanimously approved by the boards of directors of both companies, which would put the headquarters of the world’s third-largest fast food company in Canada.

Burger King announces deal to buy Tim Hortons

im Hortons shareholders are to receive $65.50 in cash and 0.8025 common shares of the new company per Tim Hortons share as stipulated by terms of the $12.5-billion deal. In pre-market trading on Tuesday morning, Tim Hortons shares jumped more than 10% after surging to a new all-time high on Monday after the companies confirmed they were in takeover talks. According to the release announcing the agreement, the combined company would have US$23-billion in sales and more than 18,000 restaurants in 100 countries.

Burger King CEO Daniel Schwartz will become CEO of the new company. Tim Hortons President and CEO Marc Caira’s proposed new position is vice-chairman and director. Alex Behring, who is currently Burger King’s executive chairman and managing partner at 3G Capital, Would become executive chairman and director and 3G would own about 51% of the new company.

“Canada has moved to a highly competitive tax regime,” Canadian Finance Minister Joe Oliver told reporters after a meeting with technology executives. “We believe this has been a constructive move that is designed to retain capital in this country, which results in more business expansion and more employment.”

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U.S. Bonds Slip On Jobless Data

On July 24, U.S. debt prices fell while global stock markets inched higher following stronger-than-expected U.S. earnings from companies and unexpectedly low U.S. weekly jobless claims.

U.S. Bonds Slip On Jobless Data

For the second session in a row, the benchmark S&P 500 index closed at a record high after being buoyed by data showing initial jobless claims in the U.S. dropped to their lowest in more than eight years.

“The lower-than-expected U.S. initial jobless claims have made people focus on the improving labor market situation,” said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut.

However, data showing sales of new U.S. single-family homes fell by the biggest amount since July 2013 to offset the positive news. The stock of homebuilder D.R. Horton that also reported results, sank 11.5 percent to $21.94, while the PHLX Housing Index was down 2.7 percent. On the other hand, S&P 500 got a big boost from Facebook, whose market value shot up to $190 billion. The stock rose 5.2 percent to $74.98 and hit an intraday record high of $76.74.

The Dow Jones industrial average fell 2.83 points or 0.02 percent, to 17,083.8, while the S&P 500 gained 0.97 points or 0.05 percent, to 1,987.98, a record closing high. The Nasdaq Composite dropped 1.59 points or 0.04 percent, to 4,472.11. European stocks ended up 0.5 percent while MSCI’s All-World Index was up 0.1 percent. Ten-year U.S. Treasuries were down 13/32 in price to yield 2.510 percent.

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Inbound Call Center Service Benefits At A Glance

If you want to grow your business, the benefits of inbound call center services will help you in more than just a way. This is not just because an inbound call center is second to none for satisfying customer service needs 7 days a week, 24 hours a day, and 365 days a year, but also because it helps in maximizing return on investments and building loyalty.

Inbound Call Center Service Benefits At A Glance

One of the best things about an inbound call center is that customers of your business can easily and quickly access customized call center services. This would result in marketing profitability and dramatic reductions in operational costs. Not only this, inbound call centers are extremely beneficial to relieve the pressure of attending sales calls so that employees of your business can concentrate on core activities. Moreover, services of these call centers are characterized by maximum efficiency and highest standards of professionalism. By using these services, a growth-oriented business can easily cater to the growing needs of tech-savvy customers who want immediate solutions to their queries and information on products and services before and after making informed decisions. The best part is that management, maintenance, or production risks are covered by market experts in inbound call center services.

If that was not all, you can increase the profits of your business by outsourcing call center operations at a reasonable cost. Secondly, these professional and customized call center services are featured by performance, quality, and productivity and handled by experienced professionals with the required skill sets. It is worthwhile to note here that customization of inbound call center services is a comprehensive concept. These services may include online sales, handling requests, phone services, helpdesk services, credit verifications, telemarketing services, lead generation, and market research. To access these benefits of call center outsourcing, you just need to contact a reputed company that has expertise in technical support, telemarketing, and email or chat support services.

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3 Tips for A Great PowerPoint Presentation

Whether you’re leading the shareholders meeting or lecturing to a class full of ninth graders, you’ll want your PowerPoint presentation to be intelligent and engaging. It’s the only way you can be sure to hold their attention when life offers so many distractions in the form of texts, emails and endless note-passing.

3 Tips for A Great PowerPoint Presentation

3 Tips for A Great PowerPoint Presentation

So what kind of tips and tricks make for a great PowerPoint presentation? If you’re looking for a way to jazz up your slides, here are three ideas.

1: Turn The Pointer Off

Nothing is more annoying than the mouse pointer resting in the middle of the screen. Not only will it distract your audience from the actual content of the piece, but it will also make you look absent-minded and unprofessional.

2: Stick To The Standard Background

A white backgrounds is the default for PowerPoint presentations, so many people believe they have to change its hue to be different or cutting-edge. Then they mess it all up with searing colors and badly contrasted text. Stick with the classic white background; it’s timeless for a reason.

3: Use Graphics Liberally

The human eye is more naturally drawn to pictures rather than words. Take advantage of this evolutionary quirk by loading your slides with photos, charts, infographics and other kinds of visually interesting images.

These are just three tips for a world-class PowerPoint presentation. For additional help, or if you’ve already created your presentation and are looking for suggestions and improvements, contact professional PowerPoint designers like the ones at eSlide.com.

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Credit Suisse Plead Guilty To U.S. Criminal Charge

Swiss bank Credit Suisse will pay a $2.5 billion fine to authorities for helping Americans evade taxes. The bank became the largest bank in 20 years to plead guilty to a U.S. criminal charge, said Attorney General Eric Holder.

Credit Suisse

The bank however escaped the worst punishment and its top management will stay in place. The New York state bank regulator said it had decided not to revoke the bank’s license in the state. It was remarked by U.S. prosecutors that Credit Suisse helped clients deceive U.S. tax authorities by concealing assets in illegal, undeclared bank accounts for decades and more than a century ago in one case. “This case shows that no financial institution, no matter its size or global reach, is above the law,” Holder said at a news conference in Washington.

To settle the matter, Credit Suisse will pay financial penalties to the U.S. Department of Justice, the Internal Revenue Service, the Federal Reserve and New York’s banking regulator, the New York State Department of Financial Services. The bank had already paid just under $200 million to the Securities and Exchange Commission.

“We deeply regret the past misconduct that led to this settlement,” Credit Suisse Chief Executive Brady Dougan said in a statement. “We have seen no material impact on our business resulting from the heightened public attention on this issue in the past several weeks,” he said.

The second biggest bank of Switzerland will take an after-tax charge of 1.6 billion Swiss francs ($1.79 billion) in the second quarter, it said.

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Wall Street Falls For Second Day

On Thursday, US stocks fell to give the Dow and the S&P 500 their worst declines in more than a month after Wal-Mart results disappointed and small-cap shares extended their retreat.

Wall Street Falls For Second Day

The Russell 2000 index .TOY of small-cap stocks lost 0.7 percent, down more than 10 percent from its early March record close of 1,208.65. Stocks are “starting to form a little bit of a ceiling,” said Uri Landesman, president of Platinum Partners in New York.

“The small caps have really been selling off, and I think you’re continuing to see a rotation out of anything the market considers riskier.”

The decline in the Russell 2000 raised concern about the strength of the broader market with the Dow and the S&P 500 near record highs.

The Dow Jones industrial average .DJI fell 167.16 points or 1.01 percent, to end at 16,446.81. The S&P 500 .SPX lost 17.68 points or 0.94 percent, to 1,870.85. Both posted their biggest daily percentage declines in slightly more than a month.

The Nasdaq Composite .IXIC dropped 31.33 points or 0.76 percent, to 4,069.29. Wal-Mart Stores Inc (WMT.N) shares fell 2.4 percent to $76.83. The Russell 2000’s move “either is a leading market indicator or it could be a one-off … and that’s yet to be determined,” said Adam Sarhan, chief executive of Sarhan Capital in New York. The CBOE volatility index .VIX rose 8.2 percent.

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