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Ling-Temco-Vought
Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses. It began in 1947 as Ling Electric Company, later named Ling-Temco-Vought, followed by LTV Corporation and eventually LTV Steel until its end in 2001. History Ling Electric Company In 1947, entrepreneur James Ling founded an electrical contracting business, Ling Electric Company, in Dallas, Texas. He lived in the rear of the shop. After incorporating and taking the company public in 1955, Ling found innovative ways to market the stock, including selling door-to-door and from a booth at the State Fair of Texas. Ling-Temco-Vought In 1956 Ling bought L.M. Electronics, and in 1959 added Altec Electronics, a maker of stereo systems and speakers. In 1960 Ling merged the company with Temco Aircraft, best known for its mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
INOLEX
INOLEX is a worldwide company that designs ingredients for the personal care and cosmetics industries. Headquartered in Philadelphia, United States, the company has been operating since 1876. INOLEX supplies ingredients for consumer products including sunscreen, hair conditioner, skin care products, wet wipes, and cosmetics. The company operates in the United States, Brazil, Mexico, France, Belgium, Germany, Thailand, and China. INOLEX produces ingredients that can be used to replace palm oil, silicone, and preservatives. History INOLEX, which stands for innovation ("IN"), technology ("OL"), excellence ("EX"), was founded in 1876 as the D.B. Martin Company and has been a privately held, independent company since 1981. 1876–1967 left, The D.B. Martin Co.'s Flagship Facility in Philadelphia, PA (1908) In 1876, D.B. Martin founded the D.B. Martin Company' in Delaware, US, and in 1904, he incorporated the company in Philadelphia. The company processed animal-derived fats, oil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vought
Vought was the name of several related American aerospace firms. These have included, in the past, Lewis and Vought Corporation, Chance Vought, Vought-Sikorsky, LTV Aerospace (part of Ling-Temco-Vought), Vought Aircraft Companies, and Vought Aircraft Industries. The first incarnation of Vought was established by Chance M. Vought and Birdseye Lewis in 1917. In 1928, it was acquired by United Aircraft and Transport Corporation, which a few years later became United Aircraft Corporation; this was the first of many reorganizations and buyouts. During the 1920s and 1930s, Vought Aircraft and Chance Vought specialized in carrier-based aircraft for the United States Navy, by far its biggest customer. Chance Vought produced thousands of planes during World War II, including the F4U Corsair. Vought became independent again in 1954, and was purchased by Ling-Temco-Vought (LTV) in 1961. The company designed and produced a variety of planes and missiles throughout the Cold War. Vought wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Temco Aircraft
The Texas Engineering & Manufacturing Company (TEMCO), also known as Temco Aircraft Corporation, was a U.S.-based manufacturing company located in Dallas, Texas, USA. It is best known for eventually forming part of the conglomerate Ling-Temco-Vought. Company formation Temco was the brainchild of Robert McCulloch, who began his career in aircraft with the Aircraft Division of William Beardmore and Company in Scotland. McCulloch emigrated to the US in 1927 and worked for a small machining company before joining the Atlantic Aircraft Corporation. The company was "flipped" a number of times during the Great Depression, first becoming Fokker Aircraft of America, then General Aviation, and finally North American Aviation (NAA), where McCulloch rose to become Factory Manager in 1941. That year he took a position at Convair as the General Manager of their factory in Nashville, Tennessee, but he returned to NAA in 1943 and by the end of World War II was the manager of their new plant in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Ling
James Joseph "Jimmy" Ling (December 31, 1922 – December 17, 2004) was an American businessman and former head of Ling-Temco-Vought corporation. While at its helm, Ling used LTV funds to purchase a large number of corporations, and was one of the more famous of the 1960s Conglomerate (company), conglomerate managers. As with other conglomerates such as ITT Corporation, ITT, Litton Industries, Teledyne, and Textron, higher interest rates and inflation destroyed LTV in the 1970s. Biography Ling was the son of a Catholic convert who later entered a Carmelite monastery. Ling's mother died when he was young, and he lived for a time with an aunt in Shreveport, Louisiana. He failed to graduate from a Jesuit high school but became a master electrician after training at a US Navy school in Mississippi. In 1947 he founded his own Dallas electrical contracting business, Ling Electric Company, where he lived in the rear of the shop. After incorporating and taking his company public in 195 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilson Sporting Goods
The Wilson Sporting Goods Company is an American sports equipment manufacturer based in Chicago, Illinois. The company has been a subsidiary of Finnish multinational company Amer Sports since 1989, and is, in turn, now under the Chinese Anta Sports since 2019. Wilson makes equipment for many sports, among them baseball, badminton, American football, basketball, fastpitch softball, golf, racquetball, soccer, squash, tennis, pickleball and volleyball. The company owns the brands Atec, DeMarini, EvoShield, Louisville Slugger, and Luxilon to provide sports equipment and protective gear for baseball, lacrosse, softball, and tennis. History The company traces its roots to the "Schwarzschild & Sulzberger" meatpacking company (later changed to "Sulzberger & Son's") based in New York, that operated meat packing slaughterhouses. Sulzberger & Son's founded the "Ashland Manufacturing Company" in 1913 to use animal by-products from its slaughterhouses. It started out in 1914, making tennis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Altec Lansing
Altec Lansing, Inc. is a U.S. audio electronics company founded in 1927. Their primary products are loudspeakers and associated audio electronics for professional, home, automotive and multimedia applications. Engineers at Western Electric, who later formed Altec Services Company, developed the technology for motion picture sound that was introduced in 1927, with the release of ''The Jazz Singer''. Originally, Altec Services Company serviced the theater sound systems the company founders had helped develop. In 1941 the Altec Services Company purchased the nearly bankrupt Lansing Manufacturing Company and melded the two names, forming the Altec Lansing Corporation, and with the manufacturing capabilities of the former Lansing Manufacturing Company, they quickly expanded into manufacturing horn loudspeakers. In 1958 the Altec Lansing Corporation was purchased by James Ling who made it part of LTV Ling Altec. LTV spun off Altec which it loaded down with debt first. By 1974, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-Systems
Raytheon Intelligence, Information, and Services (RIIS or IIS) is a business unit of Raytheon Company headquartered in Dulles, Virginia. IIS specializes in intelligence, surveillance, and reconnaissance, advanced cybersecurity solutions; weather and environmental solutions, and information-based solutions for homeland security. The company also provides training, logistics, engineering, product support, and operational support services and solutions for mission support, homeland security, space, civil aviation, counter-proliferation , and counter-terrorism markets. Dave Wajsgras is the President of IIS. History Originally founded as LTV Electro Systems in the mid-1960s, the company changed its name to E-Systems in the early 1970s. In 1995, Raytheon Company acquired E-Systems, Inc., a Texas-based company that designed, developed, produced, and serviced high-technology systems including surveillance, verification, and aircraft ground-land navigation equipment. The company also deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Harold Byrd
David Harold "Dry Hole" Byrd (24 April 1900 – 14 September 1986) was a noted Texan producer of petroleum, and a co-founder of the Civil Air Patrol. Byrd's cousin, polar explorer Richard E. Byrd, named Antarctica's Harold Byrd Mountains for him. Personal background Byrd was born in Detroit, Texas on April 24, 1900, the youngest of eight children of Mary Easley Byrd and Edward Byrd, and grew up in Texas and Oklahoma.Texas State Historical AssociationBYRD, DAVID HAROLD/ref> Byrd's cousin, polar explorer Richard E. Byrd, named Antarctica's Harold Byrd Mountains for him, after Byrd had contributed to the expedition that found them. Another cousin (Richard's brother) was Harry F. Byrd, who became a Democratic Party Governor of Virginia and a leading conservative US Senator. Byrd worked in the Burkburnett, Texas oilfield before attending Trinity University in 1917 and studying geology at the University of Texas in 1919–1921. During the summer vacations he worked at an oilfield in S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Braniff International Airways
Braniff Airways, Inc., operated as Braniff International Airways from 1948 until 1965, and then Braniff International from 1965 until air operations ceased, was an airline in the United States that once flew air carrier operations from 1928 until 1982 and continues today as a retailer, hotelier, travel service and branding and licensing company, administering the former airline's employee pass program and other airline administrative duties. Braniff's routes were primarily in the midwestern and southwestern United States, Mexico, Central America, and South America. In the late 1970s it expanded to Asia and Europe. The airline ceased air carrier operations in May 1982 because of high fuel prices, credit card interest rates and extreme competition from the large trunk carriers and the new airline startups created by the Airline Deregulation Act of December 1978. Two later airlines used the Braniff name: the Hyatt Hotels-backed Braniff, Inc. in 1983–89, and Braniff Internationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meat Packing
The meat-packing industry (also spelled meatpacking industry or meat packing industry) handles the slaughtering, processing, packaging, and distribution of meat from animals such as cattle, pigs, sheep and other livestock. Poultry is generally not included. This greater part of the entire meat industry is primarily focused on producing meat for human consumption, but it also yields a variety of by-products including hides, dried blood, protein meals such as meat & bone meal, and, through the process of rendering, fats (such as tallow). In the United States and some other countries, the facility where the meat packing is done is called a ''slaughterhouse'', ''packinghouse'' or a ''meat-packing plant''; in New Zealand, where most of the products are exported, it is called a ''freezing works''. An abattoir is a place where animals are slaughtered for food. The meat-packing industry grew with the construction of the railroads and methods of refrigeration for meat preservation. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Bond
A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business. The term is usually applied to longer-term debt instruments, with maturity of at least one year. Corporate debt instruments with maturity shorter than one year are referred to as commercial paper. Definition The term "corporate bond" is not strictly defined. Sometimes, the term is used to include all bonds except those issued by governments in their own currencies. In this case governments issuing in other currencies (such as the country of Mexico issuing in US dollars) will be included. The term sometimes also encompasses bonds issued by supranational organizations (such as European Bank for Reconstruction and Development). Strictly speaking, however, it only applies to those issued by corporations. The bonds of local authorities ( municipal bonds) are not included. Trading Corporate bonds trade in decentrali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
