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Lone Star Steakhouse
Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017. By August 2019, the then operating company website advertised four locations, all of which are independently confirmed closed. Also , one remaining independently owned and operated location of this restaurant still exists in Tamuning, Guam. On October 6, 2019, the second-to-last location in Knightdale, North Carolina officially closed, which was the last Lone Star location in the continental United States. The location became a Saltgrass Steakhouse. His ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jackson, Michigan
Jackson is the only city and county seat of Jackson County in the U.S. state of Michigan. As of the 2010 census, the city population was 33,534, down from 36,316 at the 2000 census. Located along Interstate 94 and U.S. Route 127, it is approximately west of Ann Arbor and south of Lansing. Jackson is the core city of the Jackson Metropolitan Statistical Area, which includes all of Jackson County and population of 160,248. Founded in 1829, it was named after President Andrew Jackson. Michigan's first prison, Michigan State Prison (or Jackson State Prison), opened in Jackson in 1838 and remains in operation. For the longest time, the city was known as the "birthplace of the Republican Party" when politicians met in Jackson in 1854 to argue against the expansion of slavery, although the political party now formally recognizes its birthplace as being Ripon, Wisconsin. Nevertheless, the Republican Party's earliest history dates back to Jackson and is commemorated by a plaque i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mount Pleasant, Michigan
Mount Pleasant is a city in the U.S. state of Michigan. Located in Central Michigan, the city is the county seat of Isabella County. The population was 21,688 as of the 2020 United States census. It is surrounded by Union Township but is politically independent. Part of the city (with a population of 8,741) is located within the Isabella Indian Reservation, the base of the federally recognized Saginaw Chippewa Tribal Nation. The tribe's Soaring Eagle Casino & Resort in nearby Chippewa Township is also within the reservation boundaries. The city is home to the main campuses of Central Michigan University, one of the largest universities in the state with 20,000 students at Mount Pleasant, and Mid Michigan Community College. The student population nearly doubles the population of the city during the academic year, making it a college town. Despite its name, the surrounding area is mostly flat and does not feature any mountains or hills. History Until the mid-19th century, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mount Vernon, Illinois
Mount Vernon is a city in and the county seat of Jefferson County, Illinois, United States. The population was 14,600 at the 2020 census. Mount Vernon is the principal city of the Mount Vernon Micropolitan Statistical Area, which includes all of Jefferson and Hamilton counties. History 19th century Mt. Vernon was founded in 1817 by Zadok Casey, who was elected to the State Senate in 1822 and was elected Lieutenant Governor in 1833. He served in the U.S. Congress between 1833 and 1843. The town was named for George Washington's plantation, Mount Vernon, which was named for Edward Vernon, a British naval hero. When the town was founded, there was no road to it. Travelers had to get there by either following the high ground from the north or crossing the swamps from the south. In the early 19th century the Goshen Road crossed Illinois in a northwesterly direction from Old Shawneetown, Illinois to the Goshen Settlement, near what is now Edwardsville. This road was the main ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 intac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy Protection
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nation's Restaurant News
''Nation's Restaurant News'' (''NRN'') is an American trade publication, founded in 1967, that covers the foodservice industry, including restaurants, restaurant chains, operations, marketing, and events. It was owned by Penton Media (acquired by Informa Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has offices in 43 countries and around 11,000 ... on November 2, 2016), who purchased it from founding company Lebhar-Friedman in December 2010. ''Nation's Restaurant News's'' sister publications are ''Restaurant Hospitality'', ''Food Management'', ''Supermarket News'', and ''MUFSO'' (Multi-Unit Food Service Operators). ''Nation's Restaurant News'' is published bi-weekly, with an online portal that launched in 1996. ''Nation's Restaurant News'' has over 60,000 monthly print subscribers. Awards Jesse H. Neal for Best Media Brand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In The United States
The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output Output may refer to: * The information produced by a computer, see Input/output * An output state of a system, see state (computer science) * Output (economics), the amount of goods and services produced ** Gross output in economics, the value of .... This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the United States housing bubble, housing bubble, the United States housing market correction, housing market correction and subprime mortgage crisis. According to the United States Department of Labor, Department of Labor, rou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Stremme
David Andrew Stremme (born June 19, 1977) is an American professional stock car racing driver. Early career Stremme was born in South Bend, Indiana. His racing roots can be traced back to Midwestern short track racing, where he followed in the footsteps originally cast by his Great Uncle in the 1950s. Stremme's first stock car victory came in the early 1990s at New Paris Speedway, while behind the wheel of his mother's street stock ride. Once track officials realized that he was only 15 years old however, he was forced to temporarily give up driving. Once he reached legal driving age, Stremme moved to the Midwestern short tracks scene. David is an avid race car builder and has a great understanding of the cars he races. Being part of a racing family (father, mother, and brother) racing is his life. During his career, he earned 24 feature wins, two Rookie of the Year titles and two track championships in just four years. From the local tracks, Stremme became a winner in the Ken ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lone Star Funds
Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized 21 private equity funds with total capital commitments since inception of over $85 billion (as of August 2020). Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan. Hudson Advisors LP, an approximately 900-person global asset management company owned and controlled by the founder of Lone Star, performs due diligence and analysis, asset management and related services for Lone Star Funds. In this capacity, Hudson Advisors LP has managed in excess of $224 billion of assets for Lone Star F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
