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Beneficial Financial Group
Beneficial Financial Group is an insurance and financial services company based in Salt Lake City, Utah. It is a subsidiary of Deseret Management Corporation (DMC), the for-profit arm of the Church of Jesus Christ of Latter-day Saints (LDS Church). The company was founded in 1905 and as of its 2013 fiscal year end had assets of $3.0 billion. The insurance side of the company was known for many years as the ''Beneficial Life Insurance Company''. Beneficial is certified by the Insurance Marketplace Standards Association for ethical business practices. Beneficial held an "A+" (stable) rating from Standard & Poor's for financial strength, when S&P downgraded the rating to "A" due to exposure to Mortgage-backed security investments in the wake of the 2008 housing bubble, and warned of further possible devaluations unless DMC replenished some of Beneficial's capital as it deteriorates "from its currently strong level." On June 16, 2009, it was announced that Beneficial would stop writin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Creek Center
The City Creek Center (CCC) is a mixed-use development with an upscale open-air shopping center, office and residential buildings, fountain, and simulated creek near Temple Square in downtown Salt Lake City, Utah, United States. It is an undertaking by Property Reserve, Inc. (PRI), the commercial real estate division of the Corporation of the President of The Church of Jesus Christ of Latter-day Saints (LDS Church) and Taubman Centers, Inc. (TCI). The CCC integrates shopping and residential elements, with foliage-lined walkways and streams covering two blocks in the heart of downtown Salt Lake. PRI invested in the housing and parking elements of the mall, while TCI owns and operates the shopping center itself. The CCC opened to the general public on March 22, 2012. This shopping, office, and residential center encompass nearly of downtown Salt Lake City. The City Creek Center is part of an estimated $5 billion sustainable design project to revitalize downtown Salt Lake City. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Of The United States
Finance is the study and discipline of money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as ..., currency and capital assets. It is related to, but not synonymous with economics, the study of Production (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Shar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1905
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Companies Established In 1905
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance Companies Of The United States
Life is a quality that distinguishes matter that has biological processes, such as signaling and self-sustaining processes, from that which does not, and is defined by the capacity for growth, reaction to stimuli, metabolism, energy transformation, and reproduction. Various forms of life exist, such as plants, animals, fungi, protists, archaea, and bacteria. Biology is the science that studies life. The gene is the unit of heredity, whereas the cell is the structural and functional unit of life. There are two kinds of cells, prokaryotic and eukaryotic, both of which consist of cytoplasm enclosed within a membrane and contain many biomolecules such as proteins and nucleic acids. Cells reproduce through a process of cell division, in which the parent cell divides into two or more daughter cells and passes its genes onto a new generation, sometimes producing genetic variation. Organisms, or the individual entities of life, are generally thought to be open syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kennecott Utah Copper
Kennecott Utah Copper LLC (KUC), a division of Rio Tinto Group, is a mining, smelting, and refining company. Its corporate headquarters are located in South Jordan, Utah. Kennecott operates the Bingham Canyon Mine, one of the largest open-pit copper mines in the world in Bingham Canyon, Salt Lake County, Utah. The company was first formed in 1898 as the Boston Consolidated Mining Company. The current corporation was formed in 1989. The mine and associated smelter produce 1% of the world's copper. History Utah Copper Company had its start when Enos Andrew Wall realized the potential of copper deposits in Bingham Canyon, southwest of Salt Lake City, Utah in 1887. He acquired claims to the land and started underground mining. In the mid-1890s, metallurgist Daniel C. Jackling and mining engineer Robert C. Gemmell inspected the property and liked the prospects. Both men examined Wall's properties and recommended open-pit mining. In 1898, Samuel Newhouse and Thomas Weir formed the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peregrine Falcon
The peregrine falcon (''Falco peregrinus''), also known as the peregrine, and historically as the duck hawk in North America, is a Cosmopolitan distribution, cosmopolitan bird of prey (Bird of prey, raptor) in the family (biology), family Falconidae. A large, Corvus (genus), crow-sized falcon, it has a blue-grey back, barred white underparts, and a black head. The peregrine is renowned for its speed, reaching over during its characteristic hunting stoop (high-speed dive), making it the fastest bird in the world, as well as the Fastest animals, fastest member of the animal kingdom. According to a ''National Geographic (U.S. TV channel), National Geographic'' TV program, the highest measured speed of a peregrine falcon is . As is typical for avivore, bird-eating raptors, peregrine falcons are Sexual dimorphism, sexually dimorphic, with females being considerably larger than males. The peregrine's breeding range includes land regions from the Arctic tundra to the tropics. It can b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ZCMI Center Mall
The ZCMI Center Mall was a shopping center near Temple Square in Salt Lake City, Utah, United States that was owned by Zions Securities Corporation (now Utah Property Management Associates), which opened in 1975 and closed in 2007. At the time of its opening, it was the largest downtown mall in the country. ZCMI stands for Zion's Co-operative Mercantile Institution, which refers to a department store owned by the Church of Jesus Christ of Latter-day Saints (LDS Church) that had locations in Utah and Idaho until it was sold to The May Department Stores Company. The ZCMI Center Mall, along with the affiliated Crossroads Plaza Mall, once constituted the largest shopping area in Salt Lake City. On October 3, 2006, the LDS Church announced redevelopment plans for the ZCMI Center and Crossroads Plaza malls, as part of a $1 billion redevelopment plan known as the City Creek Center. The plan called for the demolition of the ZCMI Center Mall and the Crossroads Plaza Mall by the end of summ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ensign Peak Advisors
Ensign Peak Advisors (EP) ( ) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church).Lovett, Ian; Levy, Rachael"The Mormon Church Amassed $100 Billion. It Was the Best-Kept Secret in the Investment World." ''The Wall Street Journal'', Salt Lake City, 8 February 2020. Retrieved on 15 February 2020. In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. As of February 2020, Roger Clarke is EP's Chief Executive Officer. Gérald Caussé is the church's Presiding Bishop who oversees church finances, including EP. History After years of financial challenges, LDS Church leader N. Eldon Tanner established a practice in the 1960s of setting aside money from contributions each year for a rainy-day fund.Jenkins, Jack. (December 19, 2019).LDS Church fund unlikey to face IRS backlash, experts say. ''The Salt Lake Tribune''. Retrieved on 15 Febru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage-backed Security
A mortgage-backed security (MBS) is a type of asset-backed security (an 'instrument') which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Bonds securitizing mortgages are usually treated as a separate class, termed residential; another class is commercial, depending on whether the underlying asset is mortgages owned by borrowers or assets for commercial purposes ranging from office space to multi-dwelling buildings. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collatera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Church Of Jesus Christ Of Latter-day Saints
The Church of Jesus Christ of Latter-day Saints, informally known as the LDS Church or Mormon Church, is a Nontrinitarianism, nontrinitarian Christianity, Christian church that considers itself to be the Restorationism, restoration of the One true church#Latter Day Saint movement, original church founded by Jesus in Christianity, Jesus Christ. The church is headquartered in the United States in Salt Lake City, Salt Lake City, Utah, and has established congregations and built Temple (LDS Church), temples worldwide. According to the church, it has over 16.8 million the Church of Jesus Christ of Latter-day Saints membership statistics, members and 54,539 Missionary (LDS Church), full-time volunteer missionaries. The church is the Christianity in the United States, fourth-largest Christian denomination in the United States, with over 6.7 million US members . It is the List of denominations in the Latter Day Saint movement, largest denomination in the Latter Day Saint m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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