|
Morningstar, Inc.
Morningstar, Inc. is an American financial services firm headquartered in Chicago, Illinois, founded by Joe Mansueto in 1984. It provides an array of investment research and investment management services. With operations in 29 countries, Morningstar's research and recommendations are considered by financial journalists as influential in the asset management industry, and a positive or negative recommendation from Morningstar analysts can drive money into or away from any given fund. Through its asset management division, the firm currently manages over . The firm also provides software and data platforms for investment professionals, including "Morningstar Research Portal", "Morningstar Direct" and "Morningstar Advisor Workstation". History Founder Joe Mansueto initially had the idea for Morningstar in 1982 while reviewing mutual fund annual reports he had requested from several prominent fund managers. However, it was only after a year working as a stock analyst for Harris As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry David Thoreau
Henry David Thoreau (born David Henry Thoreau; July 12, 1817May 6, 1862) was an American naturalist, essayist, poet, and philosopher. A leading Transcendentalism, transcendentalist, he is best known for his book ''Walden'', a reflection upon simple living in natural surroundings, and his essay "Civil Disobedience (Thoreau), Civil Disobedience" (originally published as "Resistance to Civil Government"), an argument in favor of citizen disobedience against an unjust state. Thoreau's books, articles, essays, journals, and poetry amount to more than 20 volumes. Among his lasting contributions are his nature writing, writings on natural history and philosophy, in which he anticipated the methods and findings of ecology and environmental history, two sources of modern-day environmentalism. His literary language, literary style interweaves close observation of nature, personal experience, pointed rhetoric, symbolic meanings, and historical lore, while displaying a poetic sensibility, ph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRSRO
A nationally recognized statistical rating organization (NRSRO) is a credit rating agency (CRA) approved by the U.S. Securities and Exchange Commission (SEC) to provide information that financial firms must rely on for certain regulatory purposes. History The use of the term NRSRO began in 1975 when the SEC promulgated rules regarding bank and broker-dealer net capital requirements (). Prior to 1975, the SEC did not adopt specific standards for determining which credit rating agencies were "nationally recognized", and instead addressed the question on a case-by-case basis. NRSRO recognition was granted by the SEC through a "No Action Letter" sent by the SEC staff. Under this approach, if a CRA (or investment bank or broker-dealer) were interested in using the ratings from a particular CRA for regulatory purposes, the SEC staff would research the market to determine whether ratings from that particular CRA were widely used and considered "reliable and credible." If the SEC sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ally Financial
Ally Financial Inc. (known as GMAC until 2010) is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements. Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.1 million customers and originating 1.2 million car loans in 2023. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. The company has sold more than five million vehicles, including 505,000 vehicles sold in 2023 via its SmartAuction online marketplace for auto auctions, launched in 2000. History 1919–1990 The company was founded in 1919 by General Motors (GM) as the General Motors Acceptance Corporation (GMAC) to provide financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Loan
In finance, leverage, also known as gearing, is any technique involving borrowing funds to buy an investment. Financial leverage is named after a lever in physics, which amplifies a small input force into a greater output force. Financial leverage uses borrowed money to augment the available capital, thus increasing the funds available for (perhaps risky) investment. If successful this may generate large amounts of profit. However, if unsuccessful, there is a risk of not being able to pay back the borrowed money. Normally, a lender will set a limit on how much risk it is prepared to take, and will set a limit on how much leverage it will permit. It would often require the acquired asset to be provided as collateral security for the loan. Leverage can arise in a number of situations. Securities like options and futures are effectively leveraged bets between parties where the principal is implicitly borrowed and lent at interest rates of very short treasury bills.Mock, E. J., R. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holcim
Holcim is a Swiss-based global building materials and Construction aggregate, aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge (company), Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. The Holcim brand remained active within the group when the merger was completed. Founded in 1912, the company expanded into France and Europe and the Middle East during the 1920s. They expanded in the Americas during the 1950s and went public in 1958. The company continued to expand in Latin America and added Asian divisions during the 1970s and 1980s. A series of mergers and buyouts made Holcim one of the two largest cement manufacturers worldwide by 2014, roughly tied with rival Lafarge. In April 2014, the two companies agreed to a US$60 billion "merger of equals". The company was the market leader in cement production in Australia, Azerbaijan, India, Slovakia, Switzerland, and Latin America. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sustainalytics
Sustainalytics is a company that rates the sustainability of listed companies based on their environmental, social and corporate governance (ESG) performance. The company was born of a merger between Toronto-based Jantzi Research, which was founded in 1992 by Sustainalytics' current CEO Michael Jantzi, and its European counterpart. Following its acquisition of GES International on January 9, 2019, Sustainalytics had more than 600 employees with offices in 17 cities around the world and over 700 institutional investor clients. On April 21, 2020, Morningstar, Inc. acquired the remaining ~60% of Sustainalytics' shares to become the sole owner. Morningstar acquisition In 2016, Morningstar, Inc. released the first sustainability rating for mutual funds and exchange-traded funds based on Sustainalytics' company ESG research. In 2017, Morningstar, Inc. become a 40% shareholder in the company alongside senior management, Stichting Pensioenfonds Zorg en Welzijn (PGGM), ABN AMRO Group an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DBRS
Morningstar DBRS is a global credit rating agency with offices in Toronto, New York, Chicago, London, Frankfurt and Madrid. Morningstar DBRS provides independent credit rating services for financial institutions, corporate and sovereign entities and structured finance products and instruments. It was originally founded as Dominion Bond Rating Service in Toronto in 1976, and its operations were integrated with Morningstar Credit Ratings to form Morningstar DBRS after its acquisition by the global financial services firm Morningstar, Inc. in 2019. It is the largest rating agency in Canada. Morningstar DBRS is the fourth-largest credit rating agency by global market share, with between 2% and 3% of global market share. The company is one of only four CRAs, including Standard & Poor's, Moody's Investors Service, and Fitch Ratings, to be recognized as an external credit assessment institution by the European Central Bank (ECB). In recent years, Morningstar DBRS' sovereign ratings on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and WGN-TV, WGN television received their call letters. It is the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region, and the List of newspapers in the United States, sixth-largest newspaper by print circulation in the United States. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the then new Republican Party (United States), Republican Party's progressive wing. In the 20th century, under Medill's grandson 'Colonel' Robert R. McCormick, its reputation was that of a crusading newspaper with an outlook that promoted Conservatism in the United States, American conservatism and opposed the New Deal. Its reporting and commenta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P Global
S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Sustainable1, and S&P Global Commodity Insights, CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's". Corporate history The predecessor companies of S&P Global have histories dating to 1888, when James H. McGraw purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishing The ''McGraw Publishing Company'' in 1899. John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, The ''Hill Publishing Company''. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OpenIPO
OpenIPO is a modified Dutch auction which allows shares of an initial public offering (IPO) to be allocated impartially. It is a variation on the traditional way that shares are sold during the IPO process and results in all successful bidders paying the same price per share. Based on an auction system designed by the economist William Vickrey, the OpenIPO auction uses a mathematical model to treat all qualifying bids impartially. It is similar to the model used to auction Treasury bills, notes, and bonds. Just like in a typical auction, the highest bidders win in an OpenIPO auction, but there are important differences. In the OpenIPO auction, the entire auction is private, and winning bidders all pay the same price per share — the public offering price. WR Hambrecht + Co has used OpenIPO to take various companies public including Morningstar, Interactive Brokers Group, Overstock.com, Ravenswood Winery, Clean Energy Fuels, and Boston Beer Company. The company also functione ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
