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LTV Steel
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] |
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] |
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] |
American Stock Exchange
NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange. NYSE Euronext acquired AMEX on October 1, 2008, with AMEX integrated with the Alternext European small-cap exchange and renamed the NYSE Alternext U.S. In March 2009, NYSE Alternext U.S. was changed to NYSE Amex Equities. On May 10, 2012, NYSE Amex Equities changed its name to NYSE MKT LLC. Following the SEC approval of competing stock exchange IEX in 2016, NYSE MKT rebranded as NYSE American and introduced a 350-microsecond delay in trading, referred to as a "speed bump", which is also present on the IEX. History The Curb market The exchange grew out of the loosely organized curb market of curbstone brokers on Broad Street in Manhattan. Efforts to organize and standardize the market started early in ... [...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] |
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] |
Okonite
The Okonite Company is an American manufacturer of insulated wire and cable. History The company was founded in 1878 by John Haven Cheever, as the New York Insulated Wire and Vulcanite Company and took its present name in 1885. Its original premises were in Passaic, New Jersey. Some of its earliest customers included Samuel Morse and Thomas Edison. Charles A. Cheever (1852-1900) was its President for some time. Its products have been used in Pearl Street Station (the first generating station built in the United States, opening in 1882), the lighting of the Statue of Liberty, and more recently in One World Trade Center. "Okonite" was originally a material made from the residue produced when distilling the mineral wax Ozokerite, mixed with rubber, and used as an electrical insulator. In 1965 the company was acquired by James Ling. In June, 1976, Okonite became owned by its employees through an Employees' Stock Ownership Trust. Facilities The company is headquartered in Ram ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
L-3 Communications
L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance ( C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation and was renamed to L3Harris Technologies. L3 was headquartered in Murray Hill, Manhattan, New York City. History L3 was formed as L-3 Communications in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993. The company was founded by (and named for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raytheon
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. In addition, it is one of the largest providers of intelligence services. Raytheon Technologies manufactures aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones. The company is also a large military contractor, getting a significant portion of its revenue from the U.S. government. The company is the result of the merger of equals between the aerospace subsidiaries of United Technologies Corporation (UTC) and the Raytheon Company, which was completed on April 3, 2020. Before the merger, UTC spun off its non-aerospace subsidiaries Otis Elevator Company and Carrier Corporation. UTC is the nominal survivor of the merger but it changed its name to Raytheon Technologies ... [...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] |
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 entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...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] |
