Saudi Arabia has announced a plan to spin off about 5 percent of its state-owned oil company, Saudi Aramco. Proceeds from the sale would be poured into a fund that would be used to help diversify the nation's heavily oil-dependent economy, which currently gets 90 percent of its revenue from oil. Simultaneously, the gulf nation also says it's going to ramp up oil production. The Smith School's Charles E. Olson isn't
Amazon may be synonymous with online shopping and fast shipping, but Walmart isn't ceding the e-commerce field to its hipper rival. Walmart announced last week that it was ramping up its efforts to counter Amazon's very successful Amazon Prime program — for $99 a year, Amazon offers free two-day shipping and a host of other benefits, including free online movies. Walmart is spending some $2 billion to improve its own
Potentially 4.2 million workers are newly eligible for overtime pay when the U.S. Labor Department’s revised rules for the matter take effect Dec. 1, 2016. The White House says the $23,660-to-$47,476 salary threshold rise for overtime pay reinforces the 40-hour workweek as “a pillar of economic security for working families.” But Smith School economist Peter Morici says the rules could backfire for entry-level
The Center for International Business Education and Research (CIBER) at the University of Maryland’s Robert H. Smith School of Business is pleased to announce that Mark Wellman, clinical professor of management and organization, is the recipient of the inaugural CIBER Award for Teaching Innovation in Global Learning. The award aims to recognize a Smith faculty member who has demonstrated a commitment to teaching for a global mindset, meaning an openness to and awareness of diversity across cultures and markets.
The University of Maryland’s Robert H. Smith School of Business celebrated the accomplishments of full-time MBA students at the annual MBA End-of-Year Banquet on May 12, 2016, at the College Park Marriott Hotel and Conference Center. Students nominate their classmates and professors for the awards and a committee of students, faculty and administrators selects the recipients.