Back to what I said earlier — when I said bond returns are often scrutinized, what I mean it that what would be considered a small
change in the performance of an equity portfolio is a much larger difference in a bond portfolio.
Annual interest is calculated using a unique formula based on
changes in the performance of stocks (S&P, Dow Jones, NASDAQ), bonds (Capital Markets Bond Index), or commodities (CBUE).
Annual interest is calculated using a unique formula based on
changes in the performance of stocks (S&P, Dow Jones, NASDAQ), bonds (Capital Markets Bond Index), or commodities (CBUE).
Based on the archived model output, it is possible to quantify
changes in performance of evolving models.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage
performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases
in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any
changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their
performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate
changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such
changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations
in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Comments: «
In 2013, it will likely be the change in valuation that drives most of the performance of stocks, and the sentiment shift and willingness to take on risk reflected in that movement will be meaningful for bonds as wel
In 2013, it will likely be the
change in valuation that drives most of the performance of stocks, and the sentiment shift and willingness to take on risk reflected in that movement will be meaningful for bonds as wel
in valuation that drives most
of the
performance of stocks, and the sentiment shift and willingness to take on risk reflected
in that movement will be meaningful for bonds as wel
in that movement will be meaningful for bonds as well.
All
of these
changes, which human resource managers are heavily involved
in, are important factors
in shaping business
performance.
Steve Seelig, senior regulatory advisor at benefits consulting firm Willis Towers Watson, said that,
of three
changes related to executive compensation
in the tax reform plan — the other two involve stock options and
performance - based pay — it's the hit on tax - exempt executive compensation that is the most significant.
Hartshorne employed the test
in his study
of how intelligence
changes over time and found that participants»
performance generally peaked
in their late teens.
Such risks, uncertainties and other factors include, without limitation: (1) the effect
of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any
changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand
in construction and
in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges
in the development, production, delivery, support,
performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including
in connection with the proposed acquisition
of Rockwell; (7) delays and disruption
in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational
changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the effect
of changes in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect
of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect
of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative effects
of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial
performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation
of their businesses while the merger agreement is
in effect; (21) risks relating to the value
of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Troy says it has made a number
of changes to the mine following its first 6 months
of operation that will lead to an even stronger
performance in FY2017.
We did the same show for months at a time, playing until every aspect
of the
performance was right, and then
changing the show again and performing
in hundreds
of new shows again for long stretches.
According to a 2013 survey
of more than 22,000 business executives by the Katzenbach Center at Strategy &, most leaders understand the key point I just mentioned — that culture plays a critical role
in achieving great financial
performance - and successfully leading and managing
change.
Important factors that could cause our actual results and financial condition to differ materially from those indicated
in the forward - looking statements include, among others, the following: our ability to successfully and profitably market our products and services; the acceptance
of our products and services by patients and healthcare providers; our ability to meet demand for our products and services; the willingness
of health insurance companies and other payers to cover Cologuard and adequately reimburse us for our
performance of the Cologuard test; the amount and nature
of competition from other cancer screening and diagnostic products and services; the effects
of the adoption, modification or repeal
of any healthcare reform law, rule, order, interpretation or policy; the effects
of changes in pricing, coverage and reimbursement for our products and services, including without limitation as a result
of the Protecting Access to Medicare Act
of 2014; recommendations, guidelines and quality metrics issued by various organizations such as the U.S. Preventive Services Task Force, the American Cancer Society, and the National Committee for Quality Assurance regarding cancer screening or our products and services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, licensing and supplier arrangements; our ability to maintain regulatory approvals and comply with applicable regulations; and the other risks and uncertainties described
in the Risk Factors and
in Management's Discussion and Analysis
of Financial Condition and Results
of Operations sections
of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on Form 10 - Q.
United President Scott Kirby wrote
in a memo to employees that the carrier was «pressing the pause button» on unpopular
changes to its merit bonus system that would scrap quarterly
performance bonuses
in favor
of lottery drawings for cash prizes, luxury cars and vacation packages.
This is helpful for my team and me, as we, like most companies, spend time at the end
of the year analyzing
performance and looking ahead to
changes in social media and content marketing trends to plan and budget for the new year.
Implications from deeper understanding
of your customers typically involve
changes in how you measure sales effectiveness,
performance reviews, incentives, product mix, channels and sometimes «addition by subtraction,» or the process
of improving
performance by not selling to certain types
of customers.
The S&P 500 ® Index is an unmanaged, capitalization - weighted index designed to measure the
performance of the broad US economy through
changes in the aggregate market value
of 500 stocks representing all major industries.
There are important lessons
in these
changes for those
of us who are focused on and measured by our
performance and by the results we achieve.
Fresenius shares fell 3.92 % to the bottom
of the DAX
performance index
in Germany and were
changing hands at $ 81.56 each by mid-afternoon
in Frankfurt.
The report is based on Gallup's
in - depth research and study and was created to help business leaders optimize their attraction, retention, engagement and
performance strategies
in a time
of extraordinary
change.
She is co-author
of The Corporate Lattice: Achieving High
Performance in the
Changing World
of Work.
Settle brings more than 25 years
of experience
in managing technical innovation, global business unit
performance and organizational
change.
The Index is designed to measure
performance of the broad domestic economy through
changes in the aggregate market value
of 500 stocks representing all major industries.
These statements may involve a number
of risks, uncertainties and other factors that could cause actual results to differ materially, including the
performance of financial markets, the investment
performance of NexPoint Advisors, L.P.'s or Highland Capital Management L.P.'s sponsored investment products, general economic conditions, future acquisitions, competitive conditions and government regulations, including
changes in tax laws.
It has just been quicker
in responding to
changes that the rest
of the work world is now experiencing: data that allows individual
performance to be measured continuously, come - and - go relationships between employers and employees, and global competition
in which empires rise and fall overnight.
Other specific duties and responsibilities
of the HR and Compensation Committee include reviewing senior management selection and overseeing succession planning, including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer compensation, evaluating
performance and determining the compensation
of executive officers
in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity based benefit plans and approving any
changes to such plans involving a material financial commitment by HP;
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated and segment basis; projected total revenue growth and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax rate; future financial or operating
performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace and extent
of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for growth
in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or
performance.
In addition to scanning hundreds
of daily ETF chart patterns every night, we also use percentage
change charts to compare the
performance of numerous industry sectors with the benchmark S&P 500 and / or Nasdaq Composite indices.
The increasing bullish momentum
in the financial ETF we mentioned last Friday can be easily seen on the percentage
change chart below, which compares the
performance of S&P Select Financial SPDR ($ XLF) against the S&P 500 SPDR ($ SPY), a popular ETF proxy that tracks the
performance of the broad - based S&P 500 Index:
Change the share class selection
in the dropdown at the top
of this page
in order to see its
performance details.
Changing the asset allocation slightly, however, tightened the range
of those swings without giving up too much
in the way
of long - term
performance.
Performance of companies
in the financials sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, credit rating downgrades,
changes in interest rates, and decreased liquidity
in credit markets.
We caution you that these statements are not guarantees
of future
performance and are subject to numerous risks and uncertainties, including volatility
in the economy and the credit markets, supply and demand
changes for vacation ownership and residential products, competitive conditions; the availability
of capital to finance growth, and other matters referred to under the heading «Risk Factors» contained
in our Annual Report on 10 - K for the year ended December 30, 2011 filed with the U.S. Securities and Exchange Commission (the «SEC») and
in subsequent SEC filings, any
of which could cause actual results to differ materially from those expressed
in or implied
in this presentation.
Comparison
of the DotCom bubble and the Alt - coin bubble with reference to
performance of DotCom survivors and
changes in Marketcap
of top 20 digital currencies
Sales
of high - end and luxury consumer products, such as our
performance electric vehicles, depend
in part on discretionary consumer spending and are even more exposed to adverse
changes in general economic conditions.
A look at how one low - cost — but high -
performance — artificial knee has already
changed the lives
of more than 7,000 amputees
in more than a dozen countries.
upon the exercise
of an Option or Stock Appreciation Right or upon the payout
of a Restricted Stock Unit,
Performance Unit or
Performance Share, for each Share subject to such Award, to be solely common stock
of the successor corporation or its Parent equal
in fair market value to the per share consideration received by holders
of Common Stock
in the
Change in Control.
Many factors could cause BlackBerry's actual results,
performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services
in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact
of the anticipated decline
in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid
change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments
in Venezuela and the impact
of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits
of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry (R) World (TM); risks related to the collection, storage, transmission, use and disclosure
of confidential and personal information;
The four pillars are: timing
of the tabling
of the Main Estimates; the scope and accounting methods used
in the Estimates and the Budget;
changes to the current vote structure; and
changes to the Reports on Plans and Priorities and the Departmental
Performance Reports.
«We believe that adjusted EBITDA is an important measure
of our operating
performance because it allows management, investors and analysts to evaluate and assess our core operating results after removing the impact
of changes in our capital structure, income - tax status and method
of vehicle financing, and other items
of a nonoperational nature that affect comparability,» Zipcar said
in its most recent filing.
Many factors could cause BlackBerry's actual results,
performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services
in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact
of the anticipated decline
in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid
change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments
in Venezuela and the impact
of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits
of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure
of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers
of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management
changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities
in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice
of providing forward - looking guidance; potential charges relating to the impairment
of intangible assets recorded on BlackBerry's balance sheet; risks as a result
of actions
of activist shareholders; government regulation
of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties
in forecasting BlackBerry's financial results given the rapid technological
changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
Factors considered by Mr. Buffett
in setting Mr. Hamburg's salary are typically subjective, such as his perception
of Mr. Hamburg's
performance and any
changes in functional responsibility.
Our objective
in making the
change is simply put, to provide better transparency to the financial
performance of our core business operations.
The additional factors considered when determining any
changes in fair value between the most recent valuation report and the grant dates included, when available, the prices paid
in recent transactions involving our equity securities, as well as our operating and financial
performance, current industry conditions and the market
performance of comparable publicly traded companies.
That was Christensen, a full four years before the iPhone, explaining why it was that Intel was doomed
in mobile even as ARM would become ascendent.2 When the basis
of competition
changed away from pure processor
performance to a low - power system the chip architecture needed to switch from being integrated (Intel) to being modular (ARM), the latter enabling an integrated BlackBerry then, and an integrated iPhone four years later.3
She is a sought - after speaker on the topics
of leading large - scale cultural
change, transformational leadership, brand building, cultivating high -
performance teams, creating cultures
of diversity and inclusion, harnessing talent, gender equity on boards, women
in the c - suite, and women
in high - growth entrepreneurship.
In their November 2017 paper entitled «Deep Value», Clifford Asness, John Liew, Lasse Pedersen and Ashwin Thapar examine how the performance of value investing changes when the value spread is in its largest fifth (quintile
In their November 2017 paper entitled «Deep Value», Clifford Asness, John Liew, Lasse Pedersen and Ashwin Thapar examine how the
performance of value investing
changes when the value spread is
in its largest fifth (quintile
in its largest fifth (quintile).
The goal
of determining real (inflation - adjusted)
performance is not completely hopeless, though, because we know what causes long - term
changes in money purchasing power and we can roughly estimate the long - term effects
of these causes.
These positive earnings drivers were more than offset by the combined impact
of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline
in net interest margin, moderate growth
of non-interest expenses, the addition
of acquisition - related contingent consideration fair value
changes reflecting
performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax rate
in Alberta.