The Bloomberg BNA building, in Crystal City, Arlington, Virginia | |
Affiliate | |
Industry | Legal, Tax & Business news |
Founded | 1929 |
Founder | David Lawrence |
Headquarters | , |
Key people | Josh Eastright (CEO) |
Owner | Bloomberg L.P. |
Number of employees | 1,500+ |
Divisions |
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Website | www.bna.com |
Bloomberg BNA, formerly known as The Bureau of National Affairs, Inc. and BNA, is a subsidiary of Bloomberg L.P. and a source of legal, tax, regulatory, and business information for professionals. It is headquartered in Arlington County, Virginia. [1] The company's CEO is Josh Eastright. [2]
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 30% ownership investment by Merrill Lynch.
Arlington County is a county in the Commonwealth of Virginia, often referred to simply as Arlington or Arlington, Virginia. The county is situated in Northern Virginia on the southwestern bank of the Potomac River directly across from the District of Columbia, of which it was once a part. The county is coterminous with the U.S. Census Bureau's census-designated place of Arlington. Arlington is considered to be the second-largest "principal city" of the Washington metropolitan area.
BNA was founded in 1929 by David Lawrence [3] and became employee-owned in 1946. When it was acquired by Bloomberg in September 2011, [4] it was the oldest employee-owned company in the United States. [5]
David Lawrence was a conservative newspaperman.
The Bureau of National Affairs, Inc. (BNA) was founded in 1929 by newsman David Lawrence as a subsidiary of United States Daily, now known as the US News & World Report . [6] BNA's first publication was U.S. Patent, Trademark & Copyright Reports (now United States Patent Quarterly). [3] In 1946, Lawrence sold BNA to five of his top editors: Dean Dinwoodey, John D. Stewart, Ed Donnell, Adolph Magidson and John Tyler. [7] The editors opened up ownership to the rest of their BNA colleagues and from 1947 until 2011, the company was owned entirely by current and former employees. [5]
Dean Dinwoodey was the first president and chairman of BNA and a noted intellectual property law scholar. The Dean Dinwoodey Center for Intellectual Property Studies at The George Washington University in Washington, D.C., bears his name.
Tax Management, Inc., a subsidiary of Bloomberg BNA, was founded in 1959 by Leonard Silverstein to provide tax analysis in the form of the Tax Management Portfolios. [8] The company has published over 500 Portfolios and now offers research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. It offers federal, state, international tax and accounting services. Tax Management, Inc., is fully integrated into Bloomberg BNA and is based in Arlington, Virginia.
On August 25, 2011, Bloomberg L.P announced it would purchase BNA for an estimated $990 million. [4] The transaction closed in late September 2011 at which time Bloomberg paid $39.50 a share in cash through a tender offer to BNA's employee-owners. Bloomberg purchased BNA to bolster its existing Bloomberg Government, Bloomberg Law and Bloomberg News services and integrated BNA's vast databases and deep reporting of policy into its news and online products. [9]
Bloomberg Government is a division of Bloomberg BNA that provides data-driven decision tools, news, and analytics in a digital workspace for professionals who influence government action.
Bloomberg Law is a subscription-based service for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals. More specifically, this commercial legal and business technology platform integrates Bloomberg L.P. news with Bloomberg BNA's primary and secondary legal content and business development tools.
Bloomberg News, is an international news agency headquartered in New York and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief.
On July 1, 2017, Bloomberg Government officially became part of Bloomberg BNA. [10]
1926 - Publisher David Lawrence launches United States Daily.
1929 - U.S. Patent, Trademark & Copyright Reports; BNA’s first publication launched March 4 (today called United States Patents Quarterly ).
1933 - United States Daily folds in the aftermath of President Franklin Roosevelt’s "bank holiday;" converts into a weekly. The United States News - Law Journal launched (later changed to U.S. Law Week).
1941 - Daily Report on Price and Production Controls begins in April; it is the only privately produced publication to receive an unlimited allocation of paper during World War II.[ citation needed ]
1957 - The National Labor Relations Board certifies the American Newspaper Guild as the bargaining agent for BNA employees (BNA employees are now covered by the Washington-Baltimore Newspaper Guild).
2007 - BNA moves corporate headquarters from the West End of Washington, DC to Arlington, Virginia.
2011 - Bloomberg L.P. announces intent to purchase BNA for an estimated $990 million.
2013 - Bloomberg L.P. announces appointment of Darren McKewen as President of Bloomberg BNA. [11]
2015 - Big Law Business, Bloomberg BNA's first digital publication focusing on the business of law, is launched. [12]
2016 - Bloomberg BNA announces appointment of Dan Fine as Chief Operating Officer (COO). [13]
2017 - Bloomberg L.P. announces that Bloomberg Government will become part of Bloomberg BNA. [14]
Bloomberg BNA produces news publications in a broad array of topics. [15] The company offers solutions to practitioners in the areas of law, tax and accounting, government affairs, government contracting, and environment, health and safety. The company's network of more than 2,500 reporters, correspondents, and leading practitioners performed practical analysis, news, practice tools, and guidance. [16]
Bloomberg Law is a subscription-based product for online legal research. [17] The platform, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals. The service integrates Bloomberg L.P. news with Bloomberg BNA's primary and secondary legal content and business development tools, as well as tools to analyze case law, corporate representation, and judicial history. Features include Litigation and Dockets, Legal and Financial Analytics, Business Development Center, Practice Tools and News and Law Reports. [18] In 2014, Bloomberg Law moved under the umbrella of Bloomberg BNA. [19]
Bloomberg BNA provides tax guidance resources to accounting, corporate and legal professionals that specialize in tax planning and compliance. As part of many of its tax and accounting research products, Bloomberg BNA offers more than 500 ‘’Tax Management Portfolios’’ written by outside practitioners on key tax planning, transactional, jurisdictional or financial accounting issues. Each Portfolio includes an analysis of the alternative approaches to a certain issue, worksheets and practice tools section, sample forms, primary sources and a bibliography. [20]
Bloomberg BNA serves the professional payroll marketplace through products like the Payroll Decision Support Network and the Payroll Library. These products provide news, white papers, customized research answers, along with webinars and research reports.
Bloomberg BNA offers products to environment, health and safety professionals to help them with compliance and issues related to safety and liability. These products feature compliance tools, news and analysis, and databases of relevant federal and state laws, regulations, and documents.
Bloomberg BNA offers news, information, and analytics to government affairs and government contracting professionals.
Bloomberg BNA provides support to a variety of charities and community organizations. It supports the Legal Aid Society of the District of Columbia by offering complimentary access to Bloomberg Law. Michael Bloomberg, the founder of Bloomberg BNA’s parent company formed the charitable foundation Bloomberg Philanthropies in 2006. According to the organization’s mission statement, Bloomberg Philanthropies focuses on public health, environment, education, government innovation and the arts.
Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or from the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. They help those businesses maintain a better connection with their stakeholders.
Business is the activity of making one's living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."
A nonprofit organization, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Nonprofits are tax exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.
Novell, Inc. was a software and services company headquartered in Provo, Utah. Its most significant product was the multi-platform network operating system known as Novell NetWare, which became the dominant form of personal computer networking during the second half of the 1980s and first half of the 1990s. Novell technology contributed to the emergence of local area networks, which displaced the dominant mainframe computing model and changed computing worldwide. Novell became instrumental in making Utah Valley a focus for technology and software development.
Corporate social responsibility (CSR) is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature or by engage in or support volunteering or ethically-oriented practices. While once it was possible to describe CSR as an internal organisational policy or a corporate ethic strategy, that time has passed as various international laws have been developed and various organisations have used their authority to push it beyond individual or even industry-wide initiatives. While it has been considered a form of corporate self-regulation for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organisations, to mandatory schemes at regional, national and international levels.
A payroll is a company's list of its employees, but the term is commonly used to refer to:
Abbott Laboratories is an American medical devices company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off the research-based pharmaceuticals into AbbVie in 2013.
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.
Perrigo Company plc is an Irish–registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the 6th-largest U.S. corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes.
Thomson Reuters Corporation is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at 333 Bay Street.
Sterne, Kessler, Goldstein & Fox P.L.L.C., is a law firm specializing in the protection, transfer and enforcement of intellectual property rights. Since its founding in 1978 with only two attorneys and a handful of employees, Sterne Kessler has grown to become the 4th largest IP specialty law firm in the United States. The firm, based in Washington, DC, currently employs over 170 patent attorneys, agents, and technical specialists representing a broad range of entities, including emerging and established companies, venture capital firms, universities and select individuals. Attorneys represent clients such as Adidas, Google, Apple, Bristol-Myers Squibb, AbbVie, and The University of Maryland in many areas, including patent prosecution, litigation and appeals, and reexamination.
Datacert is now owned by ELM Solutions, a computer software company that provides enterprise legal management software and services designed for law departments. In turn, ELM Solutions is a component of Wolters Kluwer, a global information services company.
Métier, Limited is a project portfolio management (PPM) company founded in 1998. Métier develops project portfolio management (PPM) software. The company is headquartered in Healdsburg, California.
Wave is a company that provides a suite of financial services and online software for small businesses. Wave is headquartered in the Leslieville neighbourhood in Toronto, Canada. The company manages more than $244 billion in income and expense transactions for its customers, including $16 billion in annual invoicing.
Blackboard Inc. is an educational technology company with corporate headquarters in Washington, D.C.. It is known for Blackboard Learn, a learning management system.
Horizon Therapeutics plc is an Irish–tax registered pharmaceutical company that acquires, rebrands, repackages, and reprices specialist drugs for sale into the U.S. healthcare system, which represented 97% of Horizon's 2017 worldwide sales. In 2014 Horizon executed a tax inversion to move its legal headquarters to Ireland to avail of Ireland's low tax rates and beneficial corporate tax system. On May 2, 2019 shareholders of the company approved the change of the company's name to Horizon Therapeutics plc.
Dutch Sandwich is a base erosion and profit shifting (BEPS) corporate tax tool, used mostly by U.S. multinationals to avoid incurring EU withholding taxes on untaxed profits as they were being moved to non-EU tax havens. These untaxed profits could have originated from within the EU, or from outside the EU, but in most cases were routed to major EU corporate-focused tax havens, such as Ireland and Luxembourg, by the use of other BEPS tools. The Dutch Sandwich was often used with Irish BEPS tools such as the Double Irish, the Single Malt and the Capital Allowances for Intangible Assets ("CAIA") tools. In 2010, Ireland changed its tax-code to enable Irish BEPS tools to avoid such withholding taxes without needing a Dutch Sandwich.
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