GM Times IPO with $2 Billion 3rd Quarter Profit
This week, General Motors has revealed more information regarding the upcoming IPO rumored to take place later this month. The announcement coincides with third quarter net income expectations of roughly $2 billion dollars, which is their largest quarterly amount since 1983. The GM IPO could mark one of the biggest in history and is expected to generate up to $13 billion dollars. The federal government hopes to reduce their stake in the company from 61% to around 35% and will release the shares gradually to maintain their value.
The estimated share price will initially be $26 and could possible reach upwards of $45 during market trading which would turn the taxpayer’s stake in the company profitable.
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In: Business Stories · Tagged with: Billion Dollars, Federal Government, General Motors, Gm, Income Expectations, Net Income, Quarter Profit, Salary Information, Share Price, Stake, Upcoming Ipo
New Jobs for Possible Verizon iPhone Offering
In the last couple weeks, Ryla Teleservices has been heavily recruiting thousands of customer service positions for a major wireless cellphone company. The name of the company is still unknown but the general speculation is that it is Verizon since both companies have worked together for years. Ryla provides outsourced customer service support at competitive rates for companies looking to decrease labor costs and increase competitiveness.
An iPhone offering from Verizon is what many people have been wishing for since AT&T has had many service related complaints. Even though the exclusive contract between Apple and AT&T has not ended yet, there are stipulations in the contract that might give Apple and early exit if certain conditions are not being met, which could include certain performance and quality metrics. The fast paced hiring that is going on right now by Ryla for this unnamed cellular company, could likely be an exact fit for the volume of additional customers that would be added to the network if an iPhone launch were to occur. The timing of the hiring suggests that an early 2011 launch would be the case since training for new employees would take about a month.
Employees can expect pay in the neighborhood of $10 to $12 per hour based on previously posted salaries for similar positions. For more information on these positions, you can contact the company at www.ryla.com or 888-YES-RYLA. The company motto is “The Best Job You’ve Ever Had”. They have many incentives for employees such as a giveaway of a brand new Kia automobile at their last Christmas party. Ryla was acquired last April by competitor Alorica for $70 million dollars but founder Mark Wilson has remained as CEO.
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In: Business Stories, Job Search Advice · Tagged with: Alorica, Cellphone, Cellular Company, Ceo Salary, Christmas Party, Company Motto, Competitiveness, Couple Weeks, Customer Service Positions, Customer Service Support, Early Exit, Iphone, Kia Automobile, Last Christmas, Launch, Mark Wilson, New Jobs, Quality Metrics, Salaries, Salary Information, Speculation, Stipulations, Teleservices
Sharron Angle Calls Unemployed “Spoiled”
Nevada citizens and the nation’s unemployed have much to be concerned about if Sharron Angle is to become Nevada’s new Senator after Mid-Term election results are decided next Tuesday. In the state with the highest unemployment rate in the nation (currently over 14%), she has publicly stated that the unemployed are spoiled and unwilling to take the jobs that are available. She feels they would rather collect unemployment (less than $300 per week after taxes in most states) which she would vote against extending. She goes on to say that if elected senator of Nevada, it would not be her job to try to lower the unemployment rate by bringing new jobs to the state. She has also criticized families with two working parents as being wrong and unacceptable. If this woman is elected, remember that as Jay Leno constantly reminds us, “You get the government you deserve”.
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In: Business Stories, Job Search Advice · Tagged with: Election Results, Jay Leno, job, Nevada Citizens, New Jobs, Salary Information, Unemployment Rate, Working Parents
