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Fairchild Corporation
The Fairchild Corporation is the successor corporation of Fairchild Industries, Inc. Banner Aerospace is one of the company's major subsidiaries. The last major Fairchild asset sold was Fairchild Fasteners, a Sherman Fairchild company, which was sold to Alcoa for 657 Million on December 3, 2002, and is now called Alcoa Fasteners. In the summer of 2006, the Corporation sold a shopping mall they had built on the Republic Airport property of Fairchild Hiller for 95 Million. They then owned a property at Republic Airport. Jeffrey Steiner was the company's CEO until his resignation in October 2008; he died a month later. As of February 2009, the firm has been delisted from the New York Stock Exchange; a number of executives had recently left the company's senior management team, including Steiner's son, Eric; and the firm was being run by interim chief executive Phillip Sassower, the head of a New York private equity firm A private equity firm is an investment management company t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairchild Industries
Fairchild was an American aircraft and aerospace manufacturing company based at various times in Farmingdale, New York; Hagerstown, Maryland; and San Antonio, Texas. History Early aircraft The company was founded by Sherman Fairchild in 1924 as Fairchild Aviation Corporation, based in Farmingdale, and East Farmingdale, New York. It was established as the parent company for Fairchild's many aviation interests. The company produced the first US aircraft to include a fully enclosed cockpit and hydraulic landing gear, the Fairchild FC-1. At some point, it was also known as the Fairchild Aircraft Manufacturing Company. The Fairchild Aircraft Ltd. of Longueuil, Quebec, Canada was an aircraft manufacturer during the period of 1920 to 1950, which served as a subsidiary of the Fairchild company of the United States. The Fairchild Engine Company was formed with the purchase of the Caminez Engine Company in 1925. In 1929, Sherman Fairchild purchased a majority stock interest in Kreid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairchild Fasteners
Fairchild may refer to: Organizations * Fairchild Aerial Surveys, operated in cooperation with a subsidiary of Fairey Aviation Company * Fairchild Camera and Instrument * List of Sherman Fairchild companies, "Fairchild" companies * Fairchild Fashion Media * Fairchild Group, a Chinese-language media company in Canada ** Fairchild TV, a Cantonese-language television channel in Canada owned by the Fairchild Group * Fairchild-Hiller Corporation, U.S. aviation company ** Fairchild Aircraft, an aircraft manufacturer, division of Fairchild, also variously known as Fairchild-Hiller, Fairchild-Republic and Fairchild-Dornier ** Fairchild Aircraft Ltd. (Canada), a Canadian aircraft manufacturer ** Fairchild Industries, Inc. ; U.S. aviation company, successor to Fairchild Hiller Corporation ** Fairchild Corporation, U.S. aviation company, successor to Fairchild Industries * Fairchild Publications, Inc. * Fairchild Recording Equipment Corporation * Fairchild Semiconductor, an American ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sherman Fairchild
Sherman Mills Fairchild (April 7, 1896 – March 28, 1971) was an American businessman and investor. He founded over 70 companies, including Fairchild Aircraft (Fairchild Aviation Corporation), Fairchild Industries, and Fairchild Camera and Instrument. Fairchild made significant contributions to the aviation industry and was inducted into the National Aviation Hall of Fame in 1979. His Fairchild Camera & Instrument Corporation, Semiconductor Division company played a defining role in the development of Silicon Valley. He held over 30 patents for products ranging from the silicon semiconductor to the 8-mm home sound motion-picture camera. Fairchild is also responsible for inventing the first synchronized camera shutter and flash as well as developing new technologies for aerial cameras that were later used on the Apollo Missions. Early life and education Born in Oneonta, New York, Sherman Fairchild was the only child of George Winthrop Fairchild (1854–1924) and Josephine Mills ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa Fasteners
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Airport
Republic Airport is a regional airport in East Farmingdale, New York, located one mile east of Farmingdale village limits. The National Plan of Integrated Airport Systems for 2011–2015 categorized it as a general aviation ''reliever airport''. Federal Aviation Administration records say the airport had 3,586 passenger boardings (enplanements) in calendar year 2008, 2,866 in 2009, and 2,783 in 2010. On behalf of NY State's Department of Transportation, the airport is currently managed by AvPORTS, a US-based and owned operator and manager of airports. History Republic Airport was developed by Sherman Fairchild as the Fairchild Flying Field in East Farmingdale on Long Island, NY in late 1927 as his flying field and airplane factory on Motor Avenue in South Farmingdale was inadequate to support the mass production of his Fairchild FC-2 and Fairchild 71 airplanes. Fairchild purchased property on the south side of Route 24-Conklin Street and had the airport's original layout p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairchild Hiller
Fairchild was an American aircraft and aerospace manufacturing company based at various times in Farmingdale, New York; Hagerstown, Maryland; and San Antonio, Texas. History Early aircraft The company was founded by Sherman Fairchild in 1924 as Fairchild Aviation Corporation, based in Farmingdale, and East Farmingdale, New York. It was established as the parent company for Fairchild's many aviation interests. The company produced the first US aircraft to include a fully enclosed cockpit and hydraulic landing gear, the Fairchild FC-1. At some point, it was also known as the Fairchild Aircraft Manufacturing Company. The Fairchild Aircraft Ltd. of Longueuil, Quebec, Canada was an aircraft manufacturer during the period of 1920 to 1950, which served as a subsidiary of the Fairchild company of the United States. The Fairchild Engine Company was formed with the purchase of the Caminez Engine Company in 1925. In 1929, Sherman Fairchild purchased a majority stock interest in Kre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Steiner
Jeffrey Steiner (April 3, 1937, Vienna – November 1, 2008) was the chief executive officer of the Fairchild Corporation, the successor corporation of Fairchild Industries, Inc. Steiner was born in Vienna, Austria. His family fled to Turkey during World War II, when Hitler's troops invaded Austria. He spoke French, English, Turkish, German, Italian, and Spanish. He became the leading executive of the Fairchild Corporation in 1985. He introduced Michael Milken of Drexel Burnham to many of the European banks which would become buyers of Drexel's junk bonds. In 2006 his compensation from Fairchild was halved, following a shareholder lawsuit alleging overpayment. Steiner was a leader and contributor among the youth of the Jewish community. ''The New York Times'' called him a "globe-trotting takeover artist". The French government honored him for his contributions to the arts, naming him a Chevalier des Arts et des Lettres The ''Ordre des Arts et des Lettres'' (Order of Arts and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their investme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
