Business

Uber loses $1.1B investing in food delivery, driverless cars

Uber continued to lose money as it builds up its food delivery business and develops technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world.

Business

Microsoft gets lift from rise in earnings

Microsoft said Wednesday that its profits rose sharply in the past quarter, boosted by improving sales across a range of consumer products and business services, sending its shares higher.

Security

Understanding emerging blockchain identity management systems

Traditional identity management has typically involved the storing of user credentials (e.g., passwords) by organizations and third parties, which often results in concerns over interoperability, security, and privacy. However, ...

Energy & Green Tech

Sustainable markets must be created and defended

Creating sustainable markets poses particular obstacles: A sustainable market must be continuously shaped and reshaped. This is the conclusion of three researchers in business administration and innovation at Linkoping University, ...

Business

Huawei chief says US may 'escalate' but confident on business

The chief executive of Chinese telecoms giant Huawei on Tuesday said he was ready for the United States to escalate a "campaign" against the firm this year but insisted it would not have a significant effect on business.

Business

Tough love for Amazon's Bezos in India

Amazon boss Jeff Bezos on Friday promised to create a million new jobs in India in a farewell love letter to the country, after ending a tough visit that reportedly included a snub by Prime Minister Narendra Modi.

Business

Amazon tycoon Bezos flies into internet trading storm in India

Angry Indian street traders vowed Wednesday to stage protests against the world's richest man Jeff Bezos as the Amazon tycoon started a visit just as authorities launched an anti-trust investigation into e-commerce giants.

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Business

A business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.

Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

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