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Chicago Bridge And Iron Company
CB&I is a large engineering, procurement and construction (EPC) company with its administrative headquarters in The Woodlands, Texas. CB&I specializes in projects for oil and gas companies. CB&I employs more than 32,000 people worldwide. In May 2018 the company merged into McDermott International. McDermott struggled to integrate its acquisition of Chicago Bridge & Iron Co. On January 21, 2020, McDermott announced that it had filed for Chapter 11 bankruptcy due to asbestos Litigation. A $22.5 million trust fund was made to handle asbestos claims. History CB&I was founded in 1889 by Horace E. Horton in Chicago, Illinois, USA. While initially involved in bridge design and construction, CB&I turned its focus to bulk liquid storage in the late 19th and early 20th centuries, coinciding with the western expansion of railroads across the United States and the discovery of oil in the Southwest. CB&I quickly became known for design engineering and field construction of elevated wate ...
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Chapter 11, Title 11, United States Code
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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The Shaw Group
The Shaw Group is a pipe and module fabrication firm specializing in induction bending. Headquartered in Houston, Texas, Shaw employs approximately 700 people across its offices and operations in North America and the Middle East. History Shaw was founded in 1986 by J.M. Bernhard Jr., Oscar J.LaFleur, and A.W. Angelo as a fabrication shop. The company was originally known as Shaw Industries Inc. Shaw grew by acquiring stock of Alloy Piping Products, Fronek A/DE, Inc, Naptech, Inc., Pipe Shields Inc., United Crafts, Inc., Merit Industrial Constructors, Inc., Cojafex B.V., Prospect Industries plc, joined with Entergy Corporation to create EntergyShaw L.L.C., Stone & Webster Inc., IT Corporation, Envirogen, Inc., MWR, Inc., Badger Technologies from Washington Group International, and Energy Delivery Services from Duke Energy Global Markets, Inc. In 2006 the company acquired a 20% interest in the Westinghouse Electric Company, the rest majority owned by Toshiba. In September 20 ...
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P-Xylene
''p''-Xylene ( ''para''-xylene) is an aromatic hydrocarbon. It is one of the three isomers of dimethylbenzene known collectively as xylenes. The ''p-'' stands for ''para-'', indicating that the two methyl groups in ''p''-xylene occupy the diametrically opposite substituent positions 1 and 4. It is in the positions of the two methyl groups, their arene substitution pattern, that it differs from the other isomers, ''o''-xylene and ''m''-xylene. All have the same chemical formula C6H4(CH3)2. All xylene isomers are colorless and highly flammable. The odor threshold of ''p''-xylene is 0.62 parts per million (ppm). Production The production of ''p''-xylene is industrially significant, with annual demand estimated at 37 million tons in 2014, and still on the increase. ''p''-Xylene is produced by catalytic reforming of petroleum naphtha as part of the BTX aromatics (benzene, toluene and the xylene isomers) extracted from the catalytic reformate. The ''p''-xylene is then separated out ...
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John Brown & Company
John Brown and Company of Clydebank was a Scottish Naval architecture, marine engineering and shipbuilding firm. It built many notable and world-famous ships including , , , , , and the ''Queen Elizabeth 2 (ship), Queen Elizabeth 2''. At its height, from 1900 to the 1950s, it was one of the most highly regarded, and internationally famous, shipbuilding companies in the world. However thereafter, along with other UK shipbuilders, John Brown's found it increasingly difficult to compete with the emerging shipyards in Eastern Europe and the far East. In 1968 John Brown's merged with other Clydeside shipyards to form the Upper Clyde Shipbuilders consortium, but that collapsed in 1971. The company then withdrew from shipbuilding but its engineering arm remained successful in the manufacture of industrial gas turbines. In 1986 it became a wholly owned subsidiary of Trafalgar House (company), Trafalgar House, which in 1996 was taken over by Kvaerner. The latter closed the Clydebank en ...
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Praxair
Praxair, Inc. was an American worldwide industrial gases company. Founded in 1907, Praxair was the largest industrial gases company in North and South America, and the third-largest worldwide by revenue. In 2018 it merged with Linde AG to form Linde plc. The Praxair name was discontinued on September 1, 2020 in the US. History The company was founded by Carl von Linde as Linde Air Products Company in 1907. During the First World War, however, it was confiscated and in 1917, it joined with 4 other chemical companies under the name '' Union Carbide and Carbon Corporation'', while maintaining a separate identity. Its degree of independence waxed and waned over the years, and in 1992, it was spun off as a subsidiary, ''Union Carbide Industrial Gases Inc.'', and renamed to ''Praxair'' when it became a formally independent company three years later. The name is derived from a combination of the Greek word "praxis", or practical application, and "air", the company's primary raw mater ...
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Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ...
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Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA program, management-related doctoral programs, and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and the monthly ''Harvard Business Review''. It is also home to the Baker Library/Bloomberg Center. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French '' Ecole des S ...
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Galesburg, Illinois
Galesburg is a city in Knox County, Illinois, United States. The city is northwest of Peoria. At the 2010 census, its population was 32,195. It is the county seat of Knox County and the principal city of the Galesburg Micropolitan Statistical Area, which includes all of Knox and Warren counties. Galesburg is home to Knox College, a private four-year liberal arts college, and Carl Sandburg College, a two-year community college. A section of the city is listed on the National Register of Historic Places as the Galesburg Historic District. History Galesburg was founded by George Washington Gale, a Presbyterian minister from New York state who had formulated the concept of the manual labor college and first implemented it at the Oneida Institute near Utica, New York. In 1836 Gale publicized a subscription- and land purchase-based plan to found manual labor colleges in the Mississippi River valley. Land was purchased for this purpose in Knox County and in 1837 the first s ...
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Landing Ship, Tank
Landing Ship, Tank (LST), or tank landing ship, is the naval designation for ships first developed during World War II (1939–1945) to support amphibious operations by carrying tanks, vehicles, cargo, and landing troops directly onto shore with no docks or piers. This enabled amphibious assaults on almost any beach. The LST had a highly specialized design that enabled ocean crossings as well as shore groundings. The bow had a large door that could open, deploy a ramp and unload vehicles. The LST had a flat keel that allowed the ship to be beached and stay upright. The twin propellers and rudders had protection from grounding. The LSTs served across the globe during World War II including in the Pacific War and in the European theatre. The first tank-landing ships were built to British requirements by converting existing ships; the UK and the US then collaborated upon a joint design. The British ships were used in late 1942 during the Allied invasion of Algeria, by 1943 LST ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the ''Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company, rea ...
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