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Burlington Northern Santa Fe Corporation
Burlington Northern Santa Fe, LLC is the parent company of the BNSF Railway (formerly the Burlington Northern and Santa Fe Railway). The company is an indirect, wholly owned subsidiary of Berkshire Hathaway, which is controlled by investor Warren Buffett. History The Burlington Northern Santa Fe Corporation was incorporated in 1993 to facilitate the merger of Burlington Northern, Incorporated, parent of the Burlington Northern Railroad, and Santa Fe Pacific Corporation, which owned the Atchison, Topeka and Santa Fe Railway (Santa Fe). The corporate merger was consummated on September 22, 1995, at which point shareholders of the previous companies became shareholders of BNSF and the two companies became wholly owned subsidiaries of BNSF. In December 1996, the two holding companies and two railroads were formally merged, and in January 1998 the remaining intermediate holding company was folded into the railroad. Robert D. Krebs of Santa Fe Pacific was president of BNSF from the ...
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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 ...
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Burlington Northern, Incorporated
The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Burlington Northern operated between 1970 and 1996. Its historical lineage begins in the earliest days of railroading with the chartering in 1848 of the Chicago and Aurora Railroad, a direct ancestor line of the Chicago, Burlington and Quincy Railroad, which lends Burlington to the names of various merger-produced successors. Burlington Northern acquired the Atchison, Topeka and Santa Fe Railway on December 31, 1996, to form the Burlington Northern and Santa Fe Railway (later renamed BNSF Railway), which was owned by the Burlington Northern Santa Fe Corporation. That corporation was purchased by Berkshire Hathaway in 2009 which is controlled by investor Warren Buffett. History The Burlington Northern Railroad was the product of the merger of four major railroads: the Great Northern Railway, the Northern Pacific Railway, the Spokane, Portland and Seat ...
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Companies Based In Fort Worth, Texas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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American Companies Established In 1993
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the " United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * ...
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Duopoly
A duopoly (from Greek δύο, ''duo'' "two" and πωλεῖν, ''polein'' "to sell") is a type of oligopoly where two firms have dominant or exclusive control over a market. It is the most commonly studied form of oligopoly due to its simplicity. Duopolies sell to consumers in a competitive market where the choice of an individual consumer can not affect the firm. The defining characteristic of both duopolies and oligopolies is that decisions made by sellers are dependent on each other. Duopoly models in economics and game theory There are two principal duopoly models, Cournot duopoly and Bertrand duopoly: * The Cournot model, which shows that two firms assume each other's output and treat this as a fixed amount, and produce in their own firm according to this. * Cournot Model in Game Theory In 1838, Antoine A. Cournot published a book titled "Researches Into the Mathematical Principles of the Theory of Wealth" in which he introduced and developed this model for the first ...
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Union Pacific Railroad
The Union Pacific Railroad , legally Union Pacific Railroad Company and often called simply Union Pacific, is a freight-hauling railroad that operates 8,300 locomotives over routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second largest railroad in the United States after BNSF Railway, BNSF, with which it shares a duopoly on transcontinental freight rail lines in the Western United States, Western, Midwestern United States, Midwestern and West South Central states, Southern United States. Founded in 1862, the original Union Pacific Rail Road was part of the First transcontinental railroad, first transcontinental railroad project, later known as the Overland Route (Union Pacific Railroad), Overland Route. Over the next century, UP absorbed the Missouri Pacific Railroad, the Chicago and North Western Transportation Company, the Western Pacific Railroad, the Missouri–Kansas–Texas Railroad and the Chicago, Rock Island and Pacific Railroad. In 199 ...
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Matthew K
Matthew may refer to: * Matthew (given name) * Matthew (surname) * ''Matthew'' (ship), the replica of the ship sailed by John Cabot in 1497 * ''Matthew'' (album), a 2000 album by rapper Kool Keith * Matthew (elm cultivar), a cultivar of the Chinese Elm ''Ulmus parvifolia'' Christianity * Matthew the Apostle, one of the apostles of Jesus * Gospel of Matthew, a book of the Bible See also * Matt (given name), the diminutive form of Matthew * Mathew, alternative spelling of Matthew * Matthews (other) * Matthew effect * Tropical Storm Matthew (other) The name Matthew was used for three tropical cyclones in the Atlantic Ocean, replacing Mitch after 1998. * Tropical Storm Matthew (2004) - Brought heavy rain to the Gulf Coast of Louisiana, causing light damage but no deaths. * Tropical Storm Matt ...
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Robert Krebs
Robert D. Krebs is an American railroad executive who has headed three major United States railroads in succession, leading the Southern Pacific (SP) when it was acquired by Santa Fe Industries, rising to lead the resulting Santa Fe Pacific Corporation, and finally being chosen to head the new Burlington Northern Santa Fe (BNSF) when Santa Fe Pacific (the holding company for the Santa Fe railroad) merged with Burlington Northern. He started out working for SP subsidiary Cotton Belt in the early 1960s becoming the youngest Superintendent of Cotton Belt's Pine Bluff Division in 1971 at age 29.bKrebs eventually become president of the SP and later CEO of ATSF and BNSF. He retired as CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ... of BNSF in 2000 and left the board when he r ...
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Atchison, Topeka And Santa Fe Railway
The Atchison, Topeka and Santa Fe Railway , often referred to as the Santa Fe or AT&SF, was one of the larger railroads in the United States. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and Santa Fe, New Mexico. The railroad reached the Kansas–Colorado border in 1873 and Pueblo, Colorado, in 1876. To create a demand for its services, the railroad set up real estate offices and sold farmland from the land grants that it was awarded by Congress. Despite being chartered to serve the city, the railroad chose to bypass Santa Fe, due to the engineering challenges of the mountainous terrain. Eventually a branch line from Lamy, New Mexico, brought the Santa Fe railroad to its namesake city. The Santa Fe was a pioneer in intermodal freight transport; at various times, it operated an airline, the short-lived Santa Fe Skyway, and the fleet of Santa Fe Railroad Tugboats. Its bus line extended passenger transportation to areas not ...
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Santa Fe Pacific Corporation
The Santa Fe Pacific Corporation was formed as the Santa Fe Southern Pacific Corporation on by the merger of Santa Fe Industries, which owned the Atchison, Topeka and Santa Fe Railway, with the Southern Pacific Company, which owned the Southern Pacific Railroad. After the Interstate Commerce Commission denied their plan to merge their railroads as the Southern Pacific Santa Fe Railroad, the holding company name was shortened, and the Southern Pacific Railroad sold. The holding company retained all the non-rail interests of both predecessors; these were mainly real estate and natural resources, but Southern Pacific had also formed the telephone company known as Sprint, which was sold shortly before the merger. It was initially headquartered in Chicago and later in Schaumburg, Illinois. Former Southern Pacific executive Robert Krebs succeeded Santa Fe head John J. Schmidt as CEO. Almost immediately after the Southern Pacific was sold, Santa Fe Pacific issued a massive dividend ...
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Burlington Northern Railroad
The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Burlington Northern operated between 1970 and 1996. Its historical lineage begins in the earliest days of railroading with the chartering in 1848 of the Chicago and Aurora Railroad, a direct ancestor line of the Chicago, Burlington and Quincy Railroad, which lends Burlington to the names of various merger-produced successors. Burlington Northern acquired the Atchison, Topeka and Santa Fe Railway on December 31, 1996, to form the Burlington Northern and Santa Fe Railway (later renamed BNSF Railway), which was owned by the Burlington Northern Santa Fe Corporation. That corporation was purchased by Berkshire Hathaway in 2009 which is controlled by investor Warren Buffett. History The Burlington Northern Railroad was the product of the merger of four major railroads: the Great Northern Railway, the Northern Pacific Railway, the Spokane, Portland and S ...
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Yahoo! Finance
Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management. In addition to posting partner content from other web sites, it posts original stories by its team of staff journalists. It is ranked 20th by SimilarWeb on the list of largest news and media websites. In 2017 Yahoo! Finance added the feature to look at news surrounding cryptocurrency. It lists over 9,000 unique coins including Bitcoin and Ethereum. See also * Google Finance * MSN Money References * https://finance.yahoo.com/portfolios External links Yahoo! Finance Economics websites Finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods an ...
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