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Metromedia Restaurant Group
The Metromedia Restaurant Group was an American casual dining company that operated and franchised more than 800 restaurants under the names Steak and Ale, Bennigan's, Bonanza, Ponderosa, The Plano Tavern, The Southlake Tavern and the 29 Degree Tavern. The company was headquartered in Plano, Texas. It was part of the Metromedia Company, which was privately owned by businessman John Kluge until his death and is related in lineage to the former entertainment company of the same name. Bankruptcy of S&A Restaurant Group Metromedia Restaurant Group formerly operated certain Bennigan's and Steak and Ale restaurants under the S&A Restaurant Group division. This division was forced into an involuntary Chapter 7 liquidation by its lender, GE Capital GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold betwe ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ...
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Casual Dining
Restaurants fall into several industry classifications, based upon menu style, preparation methods and pricing, as well as the means by which the food is served to the customer. This article mainly describes the situation in the USA, while categorisation differs widely around the world. Origin of categories Historically, ''restaurant'' referred only to places that provided tables where one ate while seated, typically served by a waiter. Following the rise of fast food and take-out restaurants, a retronym for the older "standard" restaurant was created, sit-down restaurant. Most commonly, "sit-down restaurant" refers to a casual-dining restaurant with table service, rather than a fast food restaurant or a diner, where one orders food at a counter. Sit-down restaurants are often further categorized, in North America, as "family-style" or " formal". In British English, the term ''restaurant'' almost always means an eating establishment with table service, so the "sit down" qualif ...
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Steak And Ale
Steak and Ale was an American chain of casual dining restaurants that went bankrupt in 2008. However the brand, recipes and other intellectual property associated with the former chain is currently owned by Legendary Restaurant Brands, LLC, the parent company for Bennigan's. Steak and Ale was founded as an independent restaurant chain in Dallas, Texas, on February 26, 1966, by Norman E. Brinker. On July 29, 2008, the chain's remaining 58 locations closed as part of a Chapter 7 bankruptcy proceeding. In 2014, Bennigan's CEO Paul Mangiamele announced their intended comeback for 2016, but as of August 2020, no locations have opened. Later, it was announced that the first new Steak & Ale location would open in 2021 in Cancún, Mexico. In 2018, Legendary Restaurant Brands kept the Steak and Ale brand alive by adding some of the Steak and Ale signature favorites to the Bennigan's menu in 2018 even though Legendary has yet to open a single Steak and Ale restaurant. Fare Popular ...
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Bennigan's
Bennigan's is an Irish pub-themed American casual dining restaurant chain founded in 1976 in Atlanta by restaurateur Norman E. Brinker as one of America's original casual dining concepts. The chain operated under the restaurant division of Pillsbury for most of its history, until Pillsbury was bought out by the British liquor conglomerate Grand Metropolitan. Due to laws preventing liquor manufacturers from also operating liquor sellers, the chain was sold to Texas-based Metromedia restaurants, until the company filed for bankruptcy in 2008. The chain then went through a series of restructuring and ownership changes until it was purchased by Legendary Restaurant Brands, LLC in 2015. The company is now operating out of Dallas, Texas. History Bennigan's was established in 1976 in Atlanta, Georgia, as part of the Pillsbury Corporation. The first significant Bennigan's location was opened in Tysons Corner, Virginia, the following year. The concept was the brainchild of company vi ...
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Ponderosa Steakhouse And Bonanza Steakhouse
Ponderosa may refer to: Places * Ponderosa, California, a census-designated place in Tulare County, California, United States * Ponderosa, New Mexico, a census-designated place in Sandoval County, New Mexico, United States * Village of Ponderosa, a New Urbanism-inspired community in West Des Moines, Iowa, United States Entertainment * Fictional family of drug aficionados, punks, and cats, on the show ''It's Always Sunny In Philadelphia'' * ''Ponderosa'' (TV series), a 2001–2002 television series that was the prequel to ''Bonanza'' * Ponderosa, fictional ranch bordering the northeast side of Lake Tahoe in the American television series ''Bonanza'' * ''Ponderosa'', a title used for reruns of the American television series ''Bonanza'' during the summer of 1972 * Ponderosa, an American Southern rock band Schools * Ponderosa Elementary School (South San Francisco), an elementary school located in South San Francisco, California, United States * Ponderosa High School (California), a ...
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Plano, Texas
Plano ( ) is a city in Collin County, Texas, Collin County and Denton County, Texas, United States. It had a population of 285,494 at the 2020 United States census, 2020 census. It is a principal city of the Dallas–Fort Worth metroplex. History European settlers came to the area near present-day Plano in the early 1840s. Facilities such as a sawmill, a gristmill, and a store soon brought more people to the area. A mail service was established, and after rejecting several names for the nascent town (including naming it in honor of then-President Millard Fillmore), residents suggested the name ''Plano'' (from the Spanish word for "flat") in reference to the local terrain, unvaried and devoid of any trees. The post office accepted the name. In 1872, the completion of the List of Texas railroads, Houston and Central Texas Railway helped Plano grow, and it was incorporated in 1873. By 1874, the population was over 500. In 1881, a fire raged through the business district, destro ...
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Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both List of U.S. states and territories by area, area (after Alaska) and List of U.S. states and territories by population, population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexico, Mexican States of Mexico, states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the List of cities in Texas by population, most populous city in Texas and the List of United States cities by population, fourth-largest in the U.S., while San Antonio is the second most pop ...
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John Kluge
John Werner Kluge (; September 21, 1914September 7, 2010) was a German-American entrepreneur who became a television industry mogul in the United States. At one time he was the richest person in the U.S. Early life and education Kluge was born to a Presbyterian family in Chemnitz, Germany, and emigrated to the United States in 1922. He earned his B.A. degree in economics from Columbia University in 1937. Prior to attending Columbia University, Kluge went to Wayne State University for two years. He was of Scots-Irish, English, and German heritage.Jewish Achievement: "John Kluge"
retrieved July 12, 2014 , "''A Presbyterian by upbringing, of Scots Irish, English and German heritage, I cannot claim any Jewish genes.''"
During World War II, Kluge served at the secret
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Metromedia
Metromedia (also often MetroMedia) was an American media company that owned radio and television stations in the United States from 1956 to 1986 and controlled Orion Pictures from 1988 to 1997. Metromedia was established in 1956 after the DuMont Television Network ceased operations and its owned-and-operated stations were spun off into a separate company. Metromedia sold its television stations to News Corporation in 1985 (which News Corp. then used to form the nucleus of Fox Television Stations), and spun off its radio stations into a separate company in 1986. Metromedia then acquired ownership stakes in various film studios, including controlling ownership in Orion. In 1997, Metromedia closed down and sold its media assets to Metro-Goldwyn-Mayer. History Origins The company arose from the ashes of the DuMont Television Network, the world's first commercial television network. DuMont had been in economic trouble throughout its existence, and was seriously undermined when ABC a ...
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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 ...
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GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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