Apple dethrones Microsoft to become most valuable company ever at $622 BN
Apple on Monday dethroned Microsoft as the most valuable company in history based on the value of its stock, which climbed to around $622 billion. Apple topped the record of nearly $619 billion set by software titan Microsoft in 1999, during the famed dot-com boom years.
Apple shares began a rapid ascent after Jefferies investment bank analyst Peter Misek predicted the stock will hit $900 and predicted that the arrival of the iPhone 5 “will be the biggest handset launch in history.”
Jefferies reasoned that Apple is positioned to take a significant portion of the profit to be generated by hot trends in smartphones, tablet computers, and gadgets linking to the Internet on latest-generation 4G networks.
P&G employees rally to make a difference
Employees from across the country volunteered to help make a difference in their communities, including P&G headquarters in Cincinnati.
P&G partnered with the Cincinnati Reds Community Fund team to restore the Cheviot Memorial Fields (one of the oldest baseball fields in Ohio), as well as the historic grandstand which dates back to the 1930s, the Cheviot Armory and the surrounding community playground and picnic areas.
Outside of Cincinnati, P&G employees made a difference in eleven additional community sites in the following locations: Fayetteville, Ark.; Bethel, Conn.; Boston; Chicago; Hunt Valley, Md.; Miami; Minneapolis; New York; Woodland Hills, Calif.; Los Angeles; and Puerto Rico. Each community has also identified local partners to help amplify the efforts of employees, including: Habitat for Humanity, Boys &Girls Club, Dress for Success and more.
In a prestigious development for India at the Rio+20 United Nations Summit at Rio de Janeiro, Indian multi-business conglomerate, ITC Limited, was presented the 2012 World Business and Development Award for its transformational rural initiatives in social and farm forestry programmes in India. The only Indian company to receive this honour at the ongoing historic Rio+20 Summit, this award has been instituted by the United Nations Development Programme (UNDP),the International Chamber of Commerce and the International Business Leaders Forum (IBLF) in partnership with the Netherlands Ministry for Foreign Affairs, the Swedish International Development Cooperation Agency and the UN Global Compact. ITC was among 5 large global companies to win this honour.ITC Conferred World Business and Development Award
Source: The Economic Times, Company Websites and the Internet