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Bonanza Steakhouse
Ponderosa Steakhouse and Bonanza Steakhouse are a chain of buffet/steakhouse restaurants that are a part of Homestyle Dining LLC based in Plano, Texas. Its menu includes steaks, seafood, and chicken entrées, all of which come with their buffet for a nominal charge. A lunch menu is also served. Unlike other chains with two names, such as Checkers and Rally's, which uses only one of the names in a given region, restaurants in a given region could be named either Bonanza or Ponderosa. This is because Bonanza and Ponderosa were separate companies, which were later merged under the Metromedia Restaurant Group. The names of the restaurants were derived from the TV series '' Bonanza'', which was set at a place called Ponderosa Ranch. History In 1963, Dan Blocker, who played Eric "Hoss" Cartwright on ''Bonanza'', started the Bonanza Steakhouse chain. The first Bonanza opened in Westport, Connecticut. Sam Wyly and his brother Charles Wyly bought the small Bonanza restaurant ch ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Saskatoon
Saskatoon () is the largest city in the Canadian province of Saskatchewan. It straddles a bend in the South Saskatchewan River in the central region of the province. It is located along the Trans-Canada Yellowhead Highway, and has served as the cultural and economic hub of central Saskatchewan since its founding in 1882 as a Temperance colony. With a 2021 census population of 266,141, Saskatoon is the largest city in the province, and the 17th largest Census Metropolitan Area in Canada, with a 2021 census population of 317,480. Saskatoon is home to the University of Saskatchewan, the Meewasin Valley Authority (which protects the South Saskatchewan River and provides for the city's popular riverbank park spaces), and Wanuskewin Heritage Park (a National Historic Site of Canada and UNESCO World Heritage applicant representing 6,000 years of First Nations history). The Rural Municipality of Corman Park No. 344, the most populous rural municipality in Saskatchewan, surrounds th ...
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Fatburger
Fatburger North America Inc. (doing business as Fatburger) is an American fast casual restaurant chain. Its tagline is ''The Last Great Hamburger Stand''. While it is a fast food restaurant, the food is cooked and made to order. Some Fatburger restaurants have liquor licenses as well as "fat bars." Its franchise headquarters are in Beverly Hills, California. In addition to the United States, the chain operates in 19 other countries. The Fatburger menu is centered primarily on hamburgers, offering various sizes and numbers of patties, along with add-ons such as cheese, bacon and eggs. History Fatburger was founded by Lovie Yancey (1912–2008) in the neighborhood of Exposition Park in Los Angeles, California, in 1947. It was originally named "Mr. Fatburger" (on behalf of Yancey's boyfriend), until Yancey removed the "Mr." in 1952. At that time, she bought out her start-up partners and retained sole ownership of the Fatburger brand until 1990, keeping and operating the orig ...
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Chapter 11
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazin ...
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Steak And Ale
Steak and Ale was an American chain of casual dining restaurants that went bankrupt in 2008. However the brand, recipes and other intellectual property associated with the former chain is currently owned by Legendary Restaurant Brands, LLC, the parent company for Bennigan's. Steak and Ale was founded as an independent restaurant chain in Dallas, Texas, on February 26, 1966, by Norman E. Brinker. On July 29, 2008, the chain's remaining 58 locations closed as part of a Chapter 7 bankruptcy proceeding. In 2014, Bennigan's CEO Paul Mangiamele announced their intended comeback for 2016, but as of August 2020, no locations have opened. Later, it was announced that the first new Steak & Ale location would open in 2021 in Cancún, Mexico. In 2018, Legendary Restaurant Brands kept the Steak and Ale brand alive by adding some of the Steak and Ale signature favorites to the Bennigan's menu in 2018 even though Legendary has yet to open a single Steak and Ale restaurant. Fare Popul ...
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Bennigan's
Bennigan's is an Irish pub-themed American casual dining restaurant chain founded in 1976 in Atlanta by restaurateur Norman E. Brinker as one of America's original casual dining concepts. The chain operated under the restaurant division of Pillsbury for most of its history, until Pillsbury was bought out by the British liquor conglomerate Grand Metropolitan. Due to laws preventing liquor manufacturers from also operating liquor sellers, the chain was sold to Texas-based Metromedia restaurants, until the company filed for bankruptcy in 2008. The chain then went through a series of restructuring and ownership changes until it was purchased by Legendary Restaurant Brands, LLC in 2015. The company is now operating out of Dallas, Texas. History Bennigan's was established in 1976 in Atlanta, Georgia, as part of the Pillsbury Corporation. The first significant Bennigan's location was opened in Tysons Corner, Virginia, the following year. The concept was the brainchild of company vice ...
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GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Banking ...
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Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 is the most common form of bankruptcy in the United States. For businesses When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. A Chapter 7 trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The trustee generally liquidates the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold inta ...
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Metromedia
Metromedia (also often MetroMedia) was an American media company that owned radio and television stations in the United States from 1956 to 1986 and controlled Orion Pictures from 1988 to 1997. Metromedia was established in 1956 after the DuMont Television Network ceased operations and its owned-and-operated stations were spun off into a separate company. Metromedia sold its television stations to News Corporation in 1985 (which News Corp. then used to form the nucleus of Fox Television Stations), and spun off its radio stations into a separate company in 1986. Metromedia then acquired ownership stakes in various film studios, including controlling ownership in Orion. In 1997, Metromedia closed down and sold its media assets to Metro-Goldwyn-Mayer. History Origins The company arose from the ashes of the DuMont Television Network, the world's first commercial television network. DuMont had been in economic trouble throughout its existence, and was seriously undermined when ABC a ...
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John Kluge
John Werner Kluge (; September 21, 1914September 7, 2010) was a German-American entrepreneur who became a television industry mogul in the United States. At one time he was the richest person in the U.S. Early life and education Kluge was born to a Presbyterian family in Chemnitz, Germany, and emigrated to the United States in 1922. He earned his B.A. degree in economics from Columbia University in 1937. Prior to attending Columbia University, Kluge went to Wayne State University for two years. He was of Scots-Irish, English, and German heritage.Jewish Achievement: "John Kluge"
retrieved July 12, 2014 , "''A Presbyterian by upbringing, of Scots Irish, English and German heritage, I cannot claim any Jewish genes.''"
During World War II, Kluge served at the secret
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