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United States Gypsum Corporation
USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America. It is also a major consumer of synthetic gypsum, a byproduct of flue-gas desulfurization. Its corporate offices are located at 550 West Adams Street in Chicago, Illinois. Together with other construction products, USG's most significant brands are: :* Sheetrock Brand Gypsum Panels :* Securock Brand Glass-Mat Sheathing :* Sheetrock Brand All Purpose Joint Compound In December 2013, Warren Buffett's Berkshire Hathaway became the largest shareholder in the company (holding roughly 30%) when it converted USG convertible notes it had acquired in 2008 to common stock. In June 2018, USG entered into an agreement to be purchased by the German building materials company Knauf. ... [...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] |
Iphofen
Iphofen is a town in the district of Kitzingen in Bavaria, Germany. It has a population of around 4,500. Iphofen is known for its rare complete medieval town wall and other historic buildings as well as for being a location of wine production. Geography Location Iphofen lies in the southeast of the district of Kitzingen of Bavaria, in the ''Regierungsbezirk'' of Unterfranken. It is situated 9 km southeast of Kitzingen on Bundesstraße 8. The town is located about 10 km from the river Main. The nearest city is Würzburg. Iphofen lies at the foot of the Schwanberg, a prominent hill on the northwestern edge of the ''Mittelgebirge'' Steigerwald. Subdivisions Iphofen has six '' Stadtteile'' in addition to the town itself. These are , , , , and . Neighbouring communities Iphofen borders on (from the north, clockwise): Castell, Oberscheinfeld, Markt Bibart, Markt Einersheim, Sugenheim, Willanzheim, Mainbernheim, Rödelsee und Wiesenbronn. History Iphofen was first ment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skidmore, Owings & Merrill
Skidmore, Owings & Merrill (SOM) is an American architectural, urban planning and engineering firm. It was founded in 1936 by Louis Skidmore and Nathaniel A. Owings, Nathaniel Owings in Chicago, Illinois. In 1939, they were joined by engineer John O. Merrill, John Merrill. The firm opened its second office, in New York City, in 1937 and has since expanded internationally, with offices in San Francisco, Los Angeles, Washington, D.C., London, Melbourne, Hong Kong, Shanghai, Seattle, and Dubai. With a portfolio spanning thousands of projects across 50 countries, SOM is one of the most significant architectural firms in the world. The firm's notable current work includes the new headquarters for The Walt Disney Company, the global headquarters for Citigroup, Moynihan Train Hall and the expanded Pennsylvania Station (New York City), Penn Station complex, and the restoration and renovation of the Waldorf Astoria New York, Waldorf Astoria in New York City; airport projects at O'Hare Int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin Center (Chicago)
The Franklin Center is a 60-story supertall skyscraper completed in 1989 as the AT&T Corporate Center to consolidate the central region headquarters of the American Telephone & Telegraph Company (AT&T). It stands at a height of and contains in the Loop neighborhood of downtown Chicago. It is located two blocks east of the Chicago River and northeast of the Willis Tower with a main address of 227 West Monroe Street and an alternate address of 100 South Franklin Street in the Loop community area of downtown Chicago. The supertall building is the tallest constructed in Chicago in the last quarter of the 20th century. It is the 6th tallest building in Chicago and the 23rd tallest in the United States. It contains office and retail space and a 350-space garage. Tishman Speyer acquired the property in 2004 and renamed the adjacent USG Building as Franklin Center in 2007 after USG relocated its offices. The name was later applied to the entire complex. History A 1982 consen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wacker Drive
Wacker Drive is a major multilevel street in Chicago, Illinois, running along the south side of the main branch and the east side of the south branch of the Chicago River in the Loop.Hayner, Don and Tom McNamee, ''Streetwise Chicago'', "Wacker Drive", p. 129., Loyola University Press, 1988, The vast majority of the street is double-decked; the upper level intended for local traffic, and the lower level for through-traffic and trucks serving buildings on the road (and originally a dock). It is sometimes cited as a precursor to the modern freeway, though when it was built the idea was that pleasure vehicles would use the upper level. It is the only street in the city that is prefixed with all four cardinal directions, albeit on different parts of its route. The drive is named for early 20th century Chicago businessman and city planner Charles H. Wacker. The upper level is normally known as Upper Wacker Drive and the lower level is Lower Wacker Drive. A short part has a third ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lawsuits
- A lawsuit is a proceeding by a party or parties against another in the civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. The term "lawsuit" is used in reference to a civil action brought by a plaintiff (a party who claims to have incurred loss as a result of a defendant's actions) requests a legal remedy or equitable remedy from a court. The defendant is required to respond to the plaintiff's complaint. If the plaintiff is successful, judgment is in the plaintiff's favor, and a variety of court orders may be issued to enforce a right, award damages, or impose a temporary or permanent injunction to prevent an act or compel an act. A declaratory judgment may be issued to prevent future legal disputes. A lawsuit may involve dispute resolution of private law issues between individuals, business entities or non-profit organizations. A lawsuit may also enable the state to be treated as if it were a private party in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Chicago, Indiana
East Chicago is a city in Lake County, Indiana, United States. The population was 29,698 at the 2010 census. The city is home of the Indiana Harbor and Ship Canal, an artificial freshwater harbor characterized by industrial and manufacturing activity. Situated along Lake Michigan, East Chicago is about 18 miles from downtown Chicago, Illinois and is just west of Gary, Indiana. History The land that became East Chicago was originally swampland unsuitable for farming. The state of Indiana began selling off plots of land to railroads and speculators after 1851 to fund the local school system. Settlement of the area was very slow at first, and as late as the 1890s, the city had no proper streets or public utilities. East Chicago was incorporated as a city in 1893. The city was named from its location east of Chicago, Illinois. The 1900 Census gives a total population of just 3,411, but the arrival of Inland Steel in 1903 transformed the city into an industrial powerhouse. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Merger
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Century Of Progress
A Century of Progress International Exposition, also known as the Chicago World's Fair, was a world's fair held in the city of Chicago, Illinois, United States, from 1933 to 1934. The fair, registered under the Bureau International des Expositions (BIE), celebrated the city's centennial. The theme of the fair was technological innovation, and its motto was "Science Finds, Industry Applies, Man Adapts", trumpeting the message that science and American life were wedded. Its architectural symbol was the Sky Ride, a transporter bridge perpendicular to the shore on which one could ride from one side of the fair to the other. One description of the fair noted that the world, "then still mired in the malaise of the Great Depression, could glimpse a happier not-too-distant future, all driven by innovation in science and technology." Fair visitors saw the latest wonders in rail travel, automobiles, architecture and even cigarette-smoking robots. The exposition "emphasized technology an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
