The rumors of a possible Tommy Hilfiger sale were confirmed this morning news that the Phillips-Van Heusen Corporation(owner of Calvin Klein) would purchase the preppy empire for $3 billion. Read More…
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Business
You might or might not be familiar with their name or music because I know a lot you(my readers) are closed minded like that… lol just joking… but no real deal Kings of Leon is the ish. A friend of mine who is a Jersey shore girl put me up on them about a week ago and I could help but dig the music, its usually not my type of swag but yo they get busy on the music tip…. yo you really got to check them out! Here is one of their main joints:
Use Somebody
Also the group is making headway in the iPhone Gaming Biz, according to Billboard they will be hooking up with Tapulous, the game maker responsible for the wildly successful Tap Tap Revenge iPhone game app, has enlisted the band as the newest addition to its roster. “Kings of Leon Revenge,” a new version of the popular game series, will feature playable versions of ten of the band’s biggest hits, including “Use Somebody,” “Notion” and “Sex on Fire.”
The game, based on the Tap Tap Revenge model, including a Bluetooth enabled Battles Mode which will allow fans to go head to head on the band’s tracks. The premium version of the game also features a private Kings of Leon chatroom accessible only through the app.
The Kings of Leon Revenge app sells for $4.99, and is available from the App Store on iPhone and iPod touch.
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Now I am a self proclaimed Air Head, Nike is definitely my primary sneak of choice but I do have to say their stance on outsourcing production jobs to Indonesia is cold blooded, watch this video to check it out (this is an old clip of Michael Moore exposing the business operations on Nike).
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50 is on his “Before I Self Destruct Tour” and here in his press conference in Kosice he answer a few questions about his businesses and gives his thoughts on the recession and unemployment...
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The WSJ’s Jessica Vascellaro has a long profile on Facebook, Mark Zuckerberg, and the forthcoming IPO.
Business Insider highlights some of the points of the profile:
- Mark confirms that Facebook is going public, but not for a while
- Accel partner Jim Breyer says that the IPO won’t be in 2010 (read: 2011)
- Facebook expects to do between $1.2 billion and $2 billion of revenue this year
- Employees are agitating for an IPO to cash in, but the private-market sale plan mollified them somewhat
- Facebook got around the rule that forced Google to disclose its financials (having more than 500 shareholders) by switching to restricted stock units instead of options. Now employees won’t become shareholders until the company goes public.
- Mark is worried (justifiably) that going public will reduce the company’s flexibility
- Mark used to end meetings by thrusting his fist in the air and leading employees through a chant of “domination!” Someone hurried to tell the WSJ that this was a joke. Mark stopped doing it after he was advised that it was ridiculous and that some people might not think it was a joke. We doubt it was a joke (”jokes” like this get old quickly).
- Mark started wearing a tie instead of a t-shirt recently because “This is a serious year.”
- Mark is a micro-manager who has recently begun to step back and focus on broader strategic issues.
- Yale professor Jeff Sonnenfeld says Facebook is at the point where some companies blow up because the founders are “too sure of themselves.” Facebook, Prof. Sonnenfeld says, “is at a crossroads where we have to see if Mark can build a team strong enough to challenge him.”
- Mark used to brag about his ability to delay gratification
- Mark’s Mom calls him “Princely”
Full Story Here
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Have you ever watched an infomercial or seen an item in a department store and thought “I could have thought of that!” Have you wished you had invested money early in a blockbuster invention? Learn the stories behind some (seemingly) ridiculous ideas that have made inventors and investors very wealthy, and find out what you, as a potential investor, should look for and consider before putting up capital for a potential funding opportunity.
The Koosh Ball
You’ve may have never heard of Scott Stillinger but somewhere in your home or office you probably have one of his inventions – the Koosh ball, which made millions of dollars. Stillinger came up with the idea for the Koosh ball when he tied rubber bands together to create a smaller, easier-to-catch ball for his young children in 1987. He founded OddzOn Products Inc. to distribute the small, simple toy, and within just 12 months it was flying off of store shelves as that year’s hottest Christmas gift.
The company expanded, and in 1994 Stillinger sold OddzOn to toy manufacturer Russ Berrie and Company Inc., which in turn was bought by toy behemoth Hasbro in 1997 for more $100 million. And it all happened a mere 10 years after the first ball was created.
Santa Mail
Every year, millions of children around the globe pen letters to Santa and hope for a response. Byron Reese realized the potential in this market. In 2002, he launched “Santa Mail,” a service that allows kids to send letters to the North Pole. Parents enclose a small fee of just $9.95, and little Johnny or Jane receives a personalized letter back from the “big man” himself. By 2009, Santa Mail had responded to nearly 300,000 children. At close to $10 a letter, well, you can do the math - needless to say, it was a little idea that has earned Reese a big return
The Rest of The Ideas When You Read More…
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Pro skateboarder Rob Dyrdek has built a business empire of more than a dozen ventures. They are all run out of the Fantasy Factory, his office near Los Angeles, which features an indoor skate plaza. Take a look inside America’s coolest workplace.
Rob Dyrdek is always on the move. Which might make sense for a skateboarding icon comfortable with tricks called the nose blunt and crooked grind. But these days, the serial entrepreneur spends about as much time behind a desk. Or in a recording studio. Or in network pitch meetings. Or even jockeying a horse. As president of Dyrdek Enterprises, he’s got his hands in at least a dozen ventures — including the Rogue Status and DTA clothing lines, the ISX Instant Scoring eXperience, and Wild Grinders, the toy line based on his own childhood skate gang that he’s now turning into an animated series. Next on the agenda? A professional skateboarding league — what Dyrdek, perhaps the sport’s most prominent ambassador today, says just may end up being his legacy. Keep in mind, he’s 35.
Dyrdek’s home each business day is known as theFantasy Factory, a 25,000-square-foot warehouse in downtown Los Angeles equipped with an indoor skate plaza, 50-foot basketball hoops, a foam pit, and something called a T-Rex, a three-wheeled “superbike” he likes to whip around in. It also serves as the backdrop for his reality show on MTV, now entering its third season. Each episode tends to center around a new project involving the company, with much of the action taking place upstairs in “Corpo,” where his office staff works.
Dyrdek recently granted Inc. an exclusive behind-the-scenes tour of the Fantasy Factory, where he opened up about what drives him as an entrepreneur, the importance of authenticity in business, and why someone with more than 1 million friends and followers thinks social media is the most “overhyped” thing in media today.
Do you think you’re entrepreneurial by nature? Or did you pick it up through osmosis, working with DC and other companies when you were focused more on skating?
Osmosis. All these people that were close to me were always starting companies and being entrepreneurs, and that sort of seeded it in me, where even at a young age, at 16 when I turned pro, I’d always say, “This is a business, I’ve got to market myself.” I always treated it like a business, started my first company at 19, and I think from that point on, for the last 15 years, it’s been more of a refining and understanding. Understanding building properties, understanding partnering with the right people, understanding how to manage people and inspire people and putting the right people together. I’d like to say this is me at my best, at 35, you know what I mean?
As fans of the show know, you work closely with friends and family. That’s something a lot of entrepreneurs do, but it can also be very difficult. What are the upsides and downsides for you?
I keep everybody in their position that makes the most sense, keep everybody comfortable. I don’t put any grand expectations on anyone I work with. I hire them inside their lane. A lot of people hire people and expect them to be something, and that adds to a lot of the trouble. If you put a family member in a position that t hey aren’t built to handle, it’s going to be very tough to deal with. As long as you put them in the right lane, and your expectations aren’t very high, it’s pretty mellow. And, for the most part, I think I’m a very easy person to work with. I work really hard and my goal for each person is for them to be happy and be inspired and want to work hard for me. That’s from all levels of everything that I do. Because you’re only as good as how hard the people around you will work. Rob’s Full Interview Click Here
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According to Business Insider It seems as if the economic heads over at Goldman Scachs believe that the job market is on the rebound; here is why, check it out:
Goldman Sachs issued a report this week called “The Labor Market: Crawling Out Of A Deep Hole.” It chronicles the plight of the US labor market and how unemployment is truly affecting the US. Job growth is weak, but after months (and years) of economic downturn, Goldman believes that we could be on the cusp of a rebound in both the economic and labor markets.
The report presents both sides of the story. There are indeed many reasons to be optimistic about recovery and lower unemployment rates. But we are also reminded that this will not be easy and there are many challenges ahead of us and will be for quite some time. Here To See Why They Are Hopeful
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In this morning’s Breakfast With Dave newsletter, Rosie discusses offers his doubts on the “recovery” in light of blatantly weak data.
Breakfast With Dave: The economy continues to pull a rabbit out of the hat and expand even with contracting employment and bank credit. As we stated above with respect to Wal-Mart’s weak sales data, how did Mr. Market manage to ignore the labour market news yesterday. All we hear from bullish strategists is that jobless claims are the key, and while they have been improving in recent months, yesterday’s data was disappointing in that claims rose 31,000 in the February 13 week, to 473,000. Unfortunately, that was the nonfarm payroll survey week.
While the number of continuing claims was unchanged at 4.56 million that understates the situation because when all the emergency benefit programs are included, the backlog of total unemployment claimants jumped 280k in the January 30 week to a whopping 11.7 million.
God its hard to get transparency from wall street and our government. I really wonder what are the true facts about the state of unemployment and our economy.
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Kim Kardashian presented her new self titled fragrance at Sephora in NYC.
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Small business owners can learn many truths about leadership from the 44 men who have worked in the Oval Office. Here are 10 lessons that you can apply to your own business. View Slide Show
via: inc.com
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