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Lone Star Steakhouse
Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017. By August 2019, the then operating company website advertised four locations, all of which are independently confirmed closed. On October 6, 2019, the second-to-last location in Knightdale, North Carolina officially closed, which was the last Lone Star location in the continental United States. The location reopened as a Saltgrass Steak House. Also , one remaining independently owned and operated location of this restaurant still exists in Tamuning, Guam. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jackson, Michigan
Jackson is a city in Jackson County, Michigan, United States, and its county seat. The population was 31,309 at the 2020 United States census, 2020 census. Located along Interstate 94 in Michigan, Interstate 94 and U.S. Route 127 in Michigan, U.S. Route 127, it is approximately east of Kalamazoo, Michigan, Kalamazoo, west of Ann Arbor, Michigan, Ann Arbor, west of Detroit, Michigan, Detroit and south of Lansing, Michigan, Lansing. Jackson is the core city of the Jackson Metropolitan statistical area, metropolitan area, which includes all of Jackson County and has a population of 160,248. The city was founded in 1829 and named after President Andrew Jackson. Michigan's first prison, Michigan State Prison (or Jackson State Prison), opened in 1838 and remains in operation. Jackson was historically regarded as the "birthplace of the Republican Party (United States), Republican Party" due to a meeting held there in 1854, during which political figures gathered to oppose the expansi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pizza Hut
Pizza Hut, LLC is an American multinational pizza restaurant chain and international franchise founded in 1958 in Wichita, Kansas, by brothers Dan and Frank Carney. The chain, headquartered in Plano, Texas, operates 19,866 restaurants worldwide as of 2023. While studying at Wichita State University, the Carneys opened their first location, which quickly expanded to six outlets within a year. The brand began franchising in 1959, and its distinctive building style was designed by Chicago architect George Lindstrom in 1963. Pizza Hut experienced significant growth, including the acquisition by PepsiCo in 1977, followed by a spin-off into Tricon Global Restaurants, Inc., later renamed Yum! BrandsYum! Brands Form 10-K 2019 () Yum! Brands. Form 10-K. Retrieved May 13, 2020. in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 bankruptcy is the most common form of bankruptcy in the US. For businesses When a financially troubled business is unable to pay creditors, the business may file (or be compelled by creditors to file) for bankruptcy in a federal court under Chapter 7, which means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. In a Chapter 7 bankruptcy, the trustee is appointed almost immediately, with broad powers to examine the finances of the business in bankruptcy; generally, the trustee sells the assets and distributes the money to the creditors. The investors who took the least amount of risk prior to the bankruptcy are generally paid first. For example, sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy Protection
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nation's Restaurant News
''Nation's Restaurant News'' (''NRN'') is an American trade publication, founded in 1967. NRN covers the foodservice industry, including restaurant A restaurant is an establishment that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and Delivery (commerce), food delivery services. Restaurants ...s, restaurant chains, operations, marketing, and events. It is owned by Informa (who acquired Penton Media on November 2, 2016, who earlier purchased it from founding company Lebhar-Friedman in December 2010). ''Nation's Restaurant News'''s sister publications are ''Restaurant Hospitality'', ''Food Management'', ''Supermarket News'', and ''MUFSO'' (Multi-Unit Food Service Operators). ''Nation's Restaurant News'' is published bi-weekly, with an online portal that launched in 1996. Nation's Restaurant News reports a monthly print readership of more than 66,000 subscribers, while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In The United States
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis. According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession that is defined by "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Stremme
David Andrew Stremme (born June 19, 1977) is an American professional stock car racing driver. Early career Stremme was born in South Bend, Indiana. His racing roots can be traced back to Midwestern short track racing, where he followed in the footsteps originally cast by his Great Uncle in the 1950s. Stremme's first stock car victory came in the early 1990s at New Paris Speedway, while behind the wheel of his mother's street stock ride. Once track officials realized that he was only 15 years old however, he was forced to temporarily give up driving. Once he reached legal driving age, Stremme moved to the Midwestern short tracks scene. David is an avid race car builder and has a great understanding of the cars he races. Being part of a racing family (father, mother, and brother) racing is his life. During his career, he earned 24 feature wins, two Rookie of the Year titles and two track championships in just four years. From the local tracks, Stremme became a winner in the Ken ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc. (which the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of shareholders on the business is determined by the shareholding percentage owned. Shareholders of corporations are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lone Star Funds
Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized 25 private equity funds with total capital commitments since inception of over $95 billion (as of 2024). Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan. Hudson Advisors LP, an approximately 900-person global asset management company owned and controlled by the founder of Lone Star, performs due diligence and analysis, asset management and related services for Lone Star Funds. In this capacity, Hudson Advisors LP has managed in excess of $260 billion of assets for Lone Star F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Restaurants & Institutions
''Restaurants & Institutions'' ''(R&I)'' () was a trade publication and web site owned by Reed Business Information serving the information needs of foodservice professionals at chains, independent restaurants, hotels and institutions. The editor-in-chief was Patricia Dailey. Established in 1937, ''R&I'' magazine was published semimonthly. ''R&I'''s typical content included food trends, menu development ideas, new products and insights. In May, ''R&I'' hosted the Ivy awards, where they honored exemplary restaurants and foodservice operators. ''Restaurants & Institutions'' also ranked the Top 400 restaurant chains each year, providing an industry score card and comparative overview. As of June 2008, total BPA audited circulation was 130,000 subscribers. The magazine's last issue was published in April 2010, when its publisher Reed Elsevier announced it would cease operation given the weak US economy and drop in ad sales.Yue, Lorene (April 16, 2010)"Restaurants & Institutions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
