Biggest Business Happenings of 2014

Though we still have a couple weeks to go, it’s been quite the year for business. Our Philadelphia digital marketing agency decided to wrap up 2014 with some of the biggest events that happened this year:

Microsoft acquires Nokia’s handset division

In September 2013, Microsoft announced that it would be buying Nokia’s handset division. In April of this year, they finally closed the deal, proudly owning the division for a little over $7.2 billion. Microsoft plans to transition to the name “Lumia” and drop the Nokia name from its smartphones.

Clippers owner banned for racism

In April of this year, Los Angeles Clippers owner Donald Sterling was exposed for racism during a recorded conversation. After the NBA issued him a lifetime ban, the Clippers were sold for $2 million to Steve Ballmer, former CEO of Microsoft. He outbid other famous candidates including Oprah Winfrey, Magic Johnson, and Floyd Mayweather.

World Trade Center opens

On November 3rd, more than 13 years since the September 11th attacks, One World Trade Center officially opened.

World’s biggest IPO

This past September, China’s e-commerce giant Alibaba went public with their company and became the biggest IPO in the world. The company ended the day with $25 billion, surpassing the Agricultural Bank of China, which ended with $22.1 billion.

Sony gets hacked

At the end of November, Sony Pictures suffered a security breach that exposed actors’ and staff members’ social security numbers, salaries, scripts, credit card log-ins and a variety of other personal information. The hackers demanded a monetary compensation, threatened employees’ families, and demanded Sony stop the release of the movie “The Interview.”

American Business Awards

This year’s American Business Awards (aka the Stevies) went to:

  • Quality Systems, Inc. (Company of the Year)
  • Makovsky (Interactive Agency of the Year)
  • Slack and Company (Marketing Agency of the Year)
  • MWW (Public Relations Agency of the Year).

Malaysia Airlines disasters cause big losses

When Malaysia Airlines flight 370 vanished in March, 239 people went missing and the company reported a $138 million loss for its first quarter. When flight 17 was shot down over the Ukraine in July, 298 people died and the airline lost another $170 million in its third quarter.

Comcast-Time Warner Cable merger announced

In February of this year, Comcast Corporation and Time Warner Cable announced a plan to merge their two companies. Comcast will acquire TWC’s 284.9 million stock shares outstanding for shares of Comcast, an approximately $45.2 billion equity value.