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June 26, 2009   |   Business FactID: 623
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Rated 3.90 stars
from 10 votes
You know the "Aaron Rents & Sells Furniture" chain of stores? Turns out that there is no "Aaron"!

Back in 1955, Founder Charlie Loudermilk and a partner borrowed $500 to purchase 300 chairs that they rented out for 10 cents a day. They chose the name "Aaron" for their business because it appears at the beginning of the phone book!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fortune magazine article


August 21, 2008   |   Business FactID: 417
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Rated 4.16 stars
from 19 votes
Nine of the world's fifty richest people are women.

Alice (56) and Helen (85) Walton share the title of richest woman in America. As daughter and wife of Sam Walton, respectively, they have an estimated net worth of $18 billion each.

Another tidbit about Wal-Mart -- Their sales in one day was larger than the GDP of 36 countries!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Ask Yahoo via Jason Langberg


August 5, 2008   |   Business FactID: 407
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Rated 3.91 stars
from 11 votes
Atkins Nutritionals filed for bankruptcy yesterday.

At one point, 9% of Americans were on the Atkins diet.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: New York Times and The Economist


July 23, 2008   |   Business FactID: 396
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Rated 4.00 stars
from 4 votes
Home Depot is the youngest company to ever reach annual revenues of $50 billion.

Home Depot had $73.1 billion in 2004 revenue and employs over 325,000 people. Over 22 million people visit a Home Depot in any given week.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: HomeDepot.com via Aisha Robinson




July 10, 2008   |   Business FactID: 620
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Rated 4.50 stars
from 6 votes
Only 19% of the Fortune 500 companies from 1965 are still on the list today!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fortune


November 18, 2007   |   Business FactID: 614
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Rated 4.25 stars
from 4 votes
1 out of every 8 home foreclosures this year was non-owner occupied, according to the Mortgage Bankers Association. This means that the people renting an apartment were evicted even though they were paying their rent on time!

More than 1 million homes are expected to enter foreclosure this year -- so that's at least 125,000 renters evicted...


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Mortgage Bankers Association via NYTimes article


September 1, 2007   |   Business FactID: 606
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Rated 4.14 stars
from 14 votes
Indian-Americans own 43% of the 47,000 hotels and motels in the USA, according to Asian American Hotel Owners Association, or AAHOA.

Indian-Americans are even more dominant in budget properties, owning about 60% of these hotels/motels.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: AAHOA via USA Today via Ankeet Shah


August 29, 2007   |   Business FactID: 549
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Rated 4.31 stars
from 16 votes
Ticking down the list of CEOs of Forbes 400 companies, you don't even hit an MBA until number 22, Phil Knight, the CEO of Nike.

There are only four MBAs in the top 50.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: PaulGraham.com




August 28, 2007   |   Business FactID: 589
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Rated 4.62 stars
from 13 votes
US Airways makes $10 million each year from ads on tray tables and napkins in their airplanes.

Low-fare carrier AirTran charges companies as much as $50,000 a month to advertise on napkins.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: USA Today


August 24, 2007   |   Business FactID: 553
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Rated 3.67 stars
from 12 votes
"Blue chip" stocks are those of the large, well-established companies in the market. They are named for the highest-value chips used in poker.


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August 22, 2007   |   Business FactID: 292
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Rated 4.20 stars
from 25 votes
The U.S. Bureau of Labor Statistics reports that the average person working 45 hours per week earns 44% more than someone who works 40 hours.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Bureau of Labor Statistics via FastCompany


August 15, 2007   |   Business FactID: 495
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Rated 4.15 stars
from 13 votes
Most Americans who file for bankruptcy once end up doing it a second time.

More than 1.5 million personal bankruptcies were filed this year (Illness and medical bills accounted for half of these). A sidenote -- more families with children will file for bankruptcy than divorce.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Suze Orman & Prospect.org




August 14, 2007   |   Business FactID: 566
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Rated 3.91 stars
from 11 votes
Hate snail mail spam? Advo, the nation's largest direct-mail marketer, sends about 27 billion pieces of mail annually and is the largest private customer of the Postal Service.

That's about 100 pieces of mail to every person in America!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: NYTimes


August 13, 2007   |   Business FactID: 287
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Rated 3.92 stars
from 12 votes
The U.S. Postal Service handles 668 million pieces of mail every day. This is more mail than FedEx delivers in a whole year.

If the USPS was a private company, it would be the tenth largest in America, with 234,033 mail carriers delivering mail each day.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: USPS & Iowa Health Care


August 9, 2007   |   Business FactID: 512
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Rated 4.23 stars
from 13 votes
In every year since 2000, stocks rated "sell" by Wall Street have outperformed stocks rated "buy" or "hold."

Over the past four years, stocks that the Street has been telling you to sell have risen 19% per year on average. Meanwhile, the "buys" and "holds" have risen just 7%.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fool.com via Shruti Basavaraj


August 7, 2007   |   Business FactID: 340
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Rated 4.22 stars
from 9 votes
The average AMEX card is swiped for $9,500 in charges a year, which is four times as much as a Visa or MasterCard.

The average fee for merchants accepting AMEX is $2.50 per $100 charged, while it is only $2.00 per $100 charged for Visa or MasterCard.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Nilson Report & Forbes




August 4, 2007   |   Business FactID: 393
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Rated 3.17 stars
from 6 votes
Small businesses make up over half (52%) of the US Gross Domestic Product.

There are 7.73 million small and medium-sized business, of which the majority (76%) have fewer than 10 employees!


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: SunTrust and Inc. magazine


July 17, 2007   |   Business FactID: 613
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Rated 4.25 stars
from 4 votes
Females are twice as likely as males to start up businesses.

However, only 3% of female-owned businesses generate revenue of over 1 million dollars.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CountMeIn.org via Ankeet Shah


July 14, 2007   |   Business FactID: 280
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Rated 4.56 stars
from 16 votes
Diamonds aren't scarce at all.

Some 114 million carats of diamonds are produced every year and, with new mines coming onstream and others being expanded, that should rise to about 120 million in 2005. And 80% of the diamonds dug out of the ground end up being used in industry.

The reason they seem scarce is that up until recently, De Beers controlled 80% of the world's supply. Catch-phrases such as “Diamonds are Forever” and adverts insisting men spend two months’ salary on a ring for their fiancée created the myth that diamonds are a scarce, valuable resource.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Money Week and HSW via Jason Langberg


July 2, 2007   |   Business FactID: 526
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Rated 3.25 stars
from 4 votes
Last Tuesday (1/24/06), Disney announced that it would purchase Pixar Studios for $7.5B.

With this deal, Steve Jobs, CEO of Apple and CEO of Pixar, will also become the largest shareholder of Disney (at 6.6% of shares outstanding)!


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June 26, 2007   |   Business FactID: 7
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Rated 4.40 stars
from 10 votes
Thomas Edison, inventor of light bulb, founded General Electric (GE) (#5 on Fortune 500)

The sound on NBC when they hit the peacock feathers (dum-dum-dum) is the sound of the musical notes G-E-C. General Electric Corporation (GEC) owns NBC.


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May 22, 2007   |   Business FactID: 608
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Rated 2.40 stars
from 5 votes
Current retirees receive 69% of their income from defined-benefit pensions and Social Security, according to the Employee Benefit Retirement Institute.

Defined-benefit pensions are a guaranteed source of income, an assurance that no matter how long you live you will continue to collect a check. Social Security provides inflation-adjusted payments for life.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Employee Benefit Retirement Institute via Bankrate.com


December 19, 2006   |   Business FactID: 596
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Rated 4.00 stars
from 7 votes
According to the American Small Business Administration, small businesses and entrepreneurs account for 99.9% of the over 25.8 million businesses in the United States.

Similarly, over the past ten years, small businesses have created between 60 and 80 percent of new jobs in the country.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Small Business Administration via American Venture Magazine


November 24, 2006   |   Business FactID: 592
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Rated 4.57 stars
from 7 votes
The average weekly pay of financial sector jobs in Manhattan is $8,300.

The 280,000 financial sector workers collect more than half of all the wages paid in Manhattan, although they hold less than 1 in 6 of Manhattan jobs.


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November 1, 2006   |   Business FactID: 468
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Rated 3.81 stars
from 16 votes
96% of hourly workers in the fast food industry leave their jobs within a year.

The same source provided a breakout of food service (eat-in vs. drive thru, etc.) in a fact from last May.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: National Restaurant Association via Business 2.0


October 18, 2006   |   Business FactID: 588
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Rated 4.44 stars
from 9 votes
90% of consumers will consider switching to a different product if it's aligned with a cause.

According to a 2004 survey on cause marketing done by Boston brand-strategy firm Cone, 91% of 1,033 consumers say they have a more positive image of a company or product when it supports a cause and 90% will actually consider switching if it's aligned with a cause.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: AdAge via Ankeet Shah


August 2, 2006   |   Business FactID: 578
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Rated 4.00 stars
from 7 votes
Netflix ships 1.4 million movies every day, and it expects to spend some $300 million on postage this year!




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May 26, 2006   |   Business FactID: 560
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Rated 2.75 stars
from 8 votes
From 2001 to 2005, about 47 percent of the companies that went public had negative earnings, according to Jay Ritter, a professor of finance at the University of Florida.


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April 10, 2006   |   Business FactID: 223
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Rated 3.65 stars
from 17 votes
Lawrence J. Ellison, founder and CEO of Oracle Corporation for 25 years earned $706,077,000 in 2001 after exercising 23 million stock options that were granted to him ten years earlier.

Assuming a 40-hour workweek, this is the equivalent of almost $340,000 an hour.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Guiness Book of World Records via Matt Ross


March 31, 2006   |   Business FactID: 545
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Rated 3.73 stars
from 15 votes
The number of millionaires will triple by 2013 due to inheritances, according to Capital Development Services.

According to an old fact, 1 out of 128 Americans is a millionaire.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Bankrate.com


March 27, 2006   |   Business FactID: 543
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Rated 3.12 stars
from 16 votes
The IRS audited 21% more returns last year than in 2004.

Income groups with the highest percentage of audits were taxpayers who reported income less than $25,000 (1.5% were audited) and between $100,000 and $200,000 (1.4% were audited).


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CNN Money via Asha Rangaraj


January 25, 2006   |   Business FactID: 525
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Rated 3.12 stars
from 8 votes
According to USA Today, 43% of first-time homeowners last year bought their homes using no-money-down loans.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Yahoo! Finance via Jason Langberg




January 1, 2006   |   Business FactID: 515
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Rated 3.93 stars
from 12 votes
Founded in 1928, Motorola was originally a pioneer in car radios. Thus the name "Motorola" was originally a combination of "motor" and "ola" (as in the "Victrola" phonograph).

The company invented cellular technology and marketing the first commercial handheld cell phone in 1983, the DynaTac (aka "the Zack Morris phone").


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December 22, 2005   |   Business FactID: 503
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Rated 4.47 stars
from 15 votes
In 2005, Google is expected to sell $6.1 billion in ads, more than any U.S. newspaper chain, magazine publisher or TV network.


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December 15, 2005   |   Business FactID: 500
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Rated 4.12 stars
from 8 votes
PepsiCo earns only 20% of its revenue from carbonated soft drinks, while these products make up 80% of Coca-Cola's revenue.

Take a look at PepsiCo's full list of brands.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: The Economist


November 25, 2005   |   Business FactID: 489
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Rated 4.07 stars
from 14 votes
The average American couple will spend $1,476 this year in holiday gifts, food and decor.

Consumers also plan to spend an average of $87 each on gifts for themselves.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: National Retail Foundation via Bankrate.com




October 5, 2005   |   Business FactID: 449
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Rated 4.00 stars
from 6 votes
1 out of every 8 pounds in England is spent at Tesco's, the largest supermarket in the UK.

Tesco claims 12.3% of the total retail market in the UK. It has been on a rampage since 1995, when it overtook Sainsbury to become the UK's largest supermarket. Tesco was founded in 1924.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: CorporateWatch via Mehul Patel


September 1, 2005   |   Business FactID: 424
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Rated 3.21 stars
from 14 votes
QVC, the home shopping channel, is the 3rd largest TV channel in terms of annual revenue ($5.7B).

Worldwide, QVC received 192 million phone calls last year.


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July 1, 2005   |   Business FactID: 376
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Rated 3.86 stars
from 7 votes
If you count all merchants who earn the majority of their income from eBay as "employees of the company", then eBay can be considered the second largest employer in the US after Wal-Mart.


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June 21, 2005   |   Business FactID: 89
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Rated 4.55 stars
from 11 votes
In 1996, Visa and MasterCard Cirrus dropped their ban on customer charges for ATM access.

It's now a $4 billion/year industry (11 billion transactions/year) -- just from those pesky $1.50 charges at ATMs, etc.




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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fortune article




June 2, 2005   |   Business FactID: 354
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Rated 3.44 stars
from 9 votes
Walgreens is the only FORTUNE 500 company other than Wal-Mart to have increased both sales and earnings every year for the past 30 years.

A sidenote: a new Walgreens store opens every 19 hours -- and there are 4,798 so far.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Fortune article


May 10, 2005   |   Business FactID: 331
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Rated 4.40 stars
from 15 votes
Wal-Mart's sales on one day were $1.42 billion, which is more than the gross domestic products of 36 countries.

The store chain employs 1.6 million associates in over 5,100 stores. Each week, more than 138 million customers visit a Wal-Mart around the world.


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April 16, 2005   |   Business FactID: 308
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Rated 2.88 stars
from 8 votes
As of today, if you live in AK, AZ, CA, CO, GA, HI, ID, IL, IN, IA, KS, ME, MD, MA, MI, MN, MO, MT, NE, NV, NJ, NM, ND, OH, OR, SD, UT, VT, WA, WI, or WY, then you can get a free copy of your credit report from each of the 3 credit reporting agencies (Experian, Equifax, and Trans Union) every year!

Just visit annualcreditreport.com or call 1-877-322-8228.


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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Vanguard Investment Guide


March 27, 2005   |   Business FactID: 274
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Rated 4.53 stars
from 17 votes
McDonald's is...
  • the largest toy distributor in the world
  • the largest owner of playgrounds in the world
  • the #1 owner of property in the world

I'm lovin' it.


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March 7, 2005   |   Business FactID: 265
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Rated 3.56 stars
from 9 votes
Viacom Inc. owns CBS, UPN, MTV Networks (MTV, Spike, CMT, TV Land), VH1, Nickelodeon, Showtime, The Movie Channel, and Flix. They also own Paramount Television which produces the CSI shows on CBS, Entertainment Tonight, and Judge Judy.

Then, within CBS Enterprises, Viacom owns King World Media which distributes Oprah, Dr.Phil, Wheel of Fortune, and Jeopardy, among others...

On top of that, Viacom Outdoor is the largest outdoor advertising company in North America, with all those billboards along streets and highways. Not to mention Paramount Pictures, which has 2,500 titles including Titanic, Forrest Gump, Napoleon Dynamite, etc.


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March 3, 2005   |   Business FactID: 272
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Rated 4.25 stars
from 8 votes
The global beauty business brings in $140 billion/year.

Of that, the male grooming side makes up only $16 billion. Maybe this means that women spend almost 8 times as much on their looks as men.

This is all according to Procter & Gamble's CEO A.G. Lafley, who also mentions that P&G has 16 "billion-dollar" brands, that each bring in more than $1 billion in revenue, including Tide, Olay, Crest, Charmin, Pampers, etc.


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February 13, 2005   |   Business FactID: 236
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Rated 4.10 stars
from 10 votes
So we're running out of UPC bar codes.

Evidently, humans want to keep track of more than 1,000,000,000,000 items, (the number allowed by the 12 digits of the UPC code today), so the European Article Numbering association (EAN) has come up with a 14 digit solution that allows for the unique identification of 100 trillion different items, (plus a check digit to make sure it read the number right)

Reminds me of the April fact that we're also running out of IP addresses for computers.


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January 20, 2005   |   Business FactID: 209
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Rated 4.45 stars
from 11 votes
Louis Vuitton, Moet, Hennessy, Tag Heuer, Sephora, and Donna Karan New York (DKNY) are all owned by the same company, LVMH.

That's luxury leather, champagne, cognac, watches, fragrances, and clothing all in one company.


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January 17, 2005   |   Business FactID: 198
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Rated 3.78 stars
from 9 votes
Best Buy generates $834 of revenue per square foot of retail space annually.

Wal-Mart posts $412 of per-square-foot sales.


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December 30, 2004   |   Business FactID: 173
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Rated 3.60 stars
from 10 votes
75% of the nation's employees are looking for a new job.


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December 15, 2004   |   Business FactID: 159
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Rated 3.80 stars
from 5 votes
One night in the middle of February 2004, Vodafone (Europe's largest mobile phone company) bid ~$34B for AT&T Wireless and went to bed (since the sun sets earlier in England than in America).

Too bad Cingular(#1 in US) stayed up later that night (2:00am) and bid $41B for AT&T Wireless, winning it. They are now completing the physical merger.

So then Sprint (#3 in US) thought of buying Nextel (#5 in US) for $30B. Too bad Vodafone & Verizon (#2 in US) are thinking of snatching Sprint up for $40B.

No wait, just this morning at 7:00am, Sprint and Nextel announced their $35B merger, forming the #3 player in the market.

Wild.


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November 25, 2004   |   Business FactID: 136
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Rated 2.00 stars
from 3 votes
In 1986, Merv Griffin sold Wheel of Fortune and Jeopardy to Coca-Cola for $250 million.


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November 24, 2004   |   Business FactID: 135
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Rated 4.25 stars
from 4 votes
Magic Johnson is the only franchisee of Starbucks in the country, owning a 50% share of 72 locations.


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September 28, 2004   |   Business FactID: 112
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Rated 1.50 stars
from 2 votes
The Tommy Hilfiger brand was founded in 1985 and is based in Hong Kong.


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August 30, 2004   |   Business FactID: 92
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Rated 3.50 stars
from 2 votes

In-video-game advertising was a $21 million industry in 2004.

In-video-game advertising includes those billboards in racing video games and taxi-cab doors in reality games.


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August 20, 2004   |   Business FactID: 88
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Rated 4.00 stars
from 2 votes

In 1972, the National Academy for Television Arts and Sciences gave Sony an Emmy for the development of Trinitron Television technology.

This was the 1st emmy given for a product. Sony went on to win 2 more Emmys.




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August 19, 2004   |   Business FactID: 87
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Rated 4.00 stars
from 6 votes

Long company names are out of style.

Tokyo Shibaura Electric Company -> Toshiba
Nippon Electric Company -> NEC
Kyoto Ceramics -> Kyocera
Minnesota Mining and Manufacturing Company -> 3M




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Permanent linkLink | Share via emailEmail Fact | Share via AIMIM Fact | Source: Akio Morita, co-founder of Sony


July 27, 2004   |   Business FactID: 79
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Rated 2.60 stars
from 5 votes
AT&T stands for American Telephone and Telegraph.

MCI stands for Microwave Communications Inc.


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July 24, 2004   |   Business FactID: 76
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Rated 3.00 stars
from 3 votes
Wal-Mart accounts for 9% of all non-auto-related consumer sales in the US.


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July 10, 2004   |   Business FactID: 65
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Rated 4.25 stars
from 4 votes
Every week, Starbucks opens an average of 10.2 stores worldwide.


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May 29, 2004   |   Business FactID: 46
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Rated 4.33 stars
from 3 votes

The average US 4-lane highway costs $30 million/mile.

The US has approximately 4 million miles of roads.


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May 26, 2004   |   Business FactID: 43
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Rated 3.00 stars
from 3 votes
Average per capita income in America is $32,000/year.


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May 24, 2004   |   Business FactID: 41
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Rated 4.33 stars
from 3 votes

The Olsen twins are expected to become billionaires before they are 21.

Oprah is a billionaire.

In 2003, there were 476 billionaires, according to Forbes.




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May 7, 2004   |   Business FactID: 37
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Rated 4.00 stars
from 1 vote
According to the US Labor Department, private employers, on average, incur a total cost of about $23.00/hour for each employee, but of that, roughly $6.50 goes to employee benefits.


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May 4, 2004   |   Business FactID: 32
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Rated 3.50 stars
from 2 votes

Harris Teeter sells Gillette Mach 3 razor blades for $18 for a pack of 8 replacement blades.

Shick has a rubberized disposable razors with mach3-like blades and a nice rubberized handle. These sell for $8 for a pack of 10.




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May 2, 2004   |   Business FactID: 30
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Rated 2.00 stars
from 1 vote
Gap Inc. owns The Gap, Banana Republic, and Old Navy. Old Navy brings in 41% of the company's revenues.


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April 26, 2004   |   Business FactID: 24
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Rated 4.00 stars
from 1 vote

The newly appointed CEO of Dell, Kevin Rollins, was a Bain consultant for 12 years before joining Dell in 1993.

Dell has $41 Billion in yearly revenues - 30% of the US PC market - and operates with only three days of inventory.




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April 23, 2004   |   Business FactID: 21
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Rated 4.00 stars
from 1 vote
UPS, the worlds biggest package carrier, delivers more than 13 million items daily.


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April 12, 2004   |   Business FactID: 9
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Rated 2.00 stars
from 1 vote
A full page ad in the Daily Tarheel at UNC-Chapel Hill costs ~$1,000.

PriceWaterHouseCoopers seems to do this about once a week.


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April 11, 2004   |   Business FactID: 8
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Rated 4.00 stars
from 2 votes
General Motors (GM) gave out $87 billion in pension benefits last year.

GM is one of only 3 companies to top the Fortune 500 in past 50 years.




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