Bonanza Steakhouse
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Bonanza Steakhouse
Ponderosa Steakhouse and Bonanza Steakhouse are a chain of buffet/steakhouse restaurants that are a part of Homestyle Dining LLC based in Plano, Texas. Its menu includes steaks, hamburgers, seafood, and chicken and potato entrées, all of which come with their buffet. A lunch menu is also served. Unlike some other chains with two names which use only one of the names in a given region, restaurants in the same locale could be named either Bonanza or Ponderosa. This is because Bonanza and Ponderosa were separate companies, which were later merged under the Metromedia Restaurant Group. The names of the restaurants were derived from the TV series ''Bonanza'', which was set at a place called Ponderosa Ranch. History In 1963, Dan Blocker, who played Eric "Hoss" Cartwright on ''Bonanza'', started the Bonanza Steakhouse chain. The first Bonanza opened in Westport, Connecticut. Sam Wyly and his brother Charles Wyly bought the small Bonanza restaurant chain three years later. The c ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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List Of Buffet Restaurants
This is a list of notable buffet restaurants. A buffet is a system of serving meals in which food is placed in a public area where the diners generally serve themselves. Buffets are offered at various places including hotels and many social events. Buffets usually have some hot dishes, so the term "cold buffet" (see Smörgåsbord) has been developed to describe formats lacking hot food. Buffet restaurants * America's Incredible Pizza Company – an American restaurant chain based in Springfield, Missouri, the restaurants are pizza buffets and entertainment centers * Cabalen – a Philippine buffet restaurant chain primarily serving traditional Filipino entrees * Chuck-A-Rama – a chain of buffet restaurants based in Salt Lake City, Utah with a focus upon American comfort food and meat entrees. * Chuck E. Cheese – some locations include a buffet * Cicis – an American buffet restaurant chain based in Irving, Texas specializing in pizza * Cosmo (restaurant), Cosmo – a ch ...
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Fatburger
Fatburger North America Inc. (doing business as Fatburger) is an American fast casual restaurant chain owned by FAT Brands. Its tagline is ''The Last Great Hamburger Stand''. While it is a fast-food restaurant, the food is cooked and made to order. Some Fatburger restaurants have liquor licenses as well as "fat bars". Its franchise headquarters are located in Beverly Hills, California. In addition to the United States, the chain operates in 19 other countries. The Fatburger menu is centered primarily on hamburgers, offering various sizes and numbers of patties, along with add-ons such as cheese, bacon and eggs. History Fatburger was founded by Lovie Yancey (1912–2008) in the neighborhood of Exposition Park (Los Angeles), Exposition Park in Los Angeles, California, in 1947. It was originally named "Mr. Fatburger" (on behalf of Yancey's boyfriend), until Yancey removed the "Mr." in 1952. At that time, she bought out her start-up partners and retained sole ownership of the Fat ...
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Chapter 11
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 ...
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Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' newspapers of record. The first issue of the newspaper was published on July 8, 1889. The editorial page of the ''Journal'' is typically center-right in its positions. The newspaper has won 39 Pulitzer Prizes. History Founding and 19th century A predecessor to ' ...
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Steak And Ale
Steak and Ale is an American chain of restaurants that was influential in the growth of casual dining. Founded in 1966, it achieved major success in the 1970s and 1980s before declaring Chapter 7 bankruptcy proceeding and closing its remaining 58 locations on July 29, 2008. The first new Steak and Ale restaurant since then opened on July 8, 2024, in Burnsville, Minnesota, with more planned for the Midwest and Texas. Steak and Ale was opened in Dallas, Texas, on February 26, 1966, by Norman E. Brinker, one of the most influential American restauranteurs of the 20th century. After the bankruptcy, its brand, recipes, and other intellectual property were purchased by Legendary Restaurant Brands, LLC, the parent company for Bennigan's. The first new location was opened in Burnsville, Minnesota in July of 2024. Fare Popular menu items at Steak and Ale included the signature herb-roasted prime rib, Kensington club, New York strip, filet mignon, Hawaiian chicken, and spicy grilled c ...
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Bennigan's
Bennigan's, headquartered in Dallas, Texas, is an Irish pub-themed casual dining restaurant chain. It was founded in 1976 in Atlanta, Atlanta, Georgia, by restaurateur Norman E. Brinker as one of America's original Types of restaurant#Casual dining / slow casual, casual dining concepts. It was notable for its "Monte Cristo" sandwich, which included several meats batter-dipped, fried, and coated with powdered sugar. The chain was managed by the restaurant division of Pillsbury (brand), Pillsbury until Pillsbury was acquired by Grand Metropolitan in 1989. Due to Three-tier system (alcohol distribution), laws preventing liquor manufacturers from also operating liquor sellers, the chain was sold to Metromedia. At its peak, it had over 300 restaurants, but failure to update, grow, and differentiate the brand, degrading quality, and shifting consumer preferences, led to a fall of sales. It filed for Chapter 7, Title 11, United States Code, Chapter 7 bankruptcy in 2008 and closed most ...
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GE Capital
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up. 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. ...
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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 ...
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Metromedia
Metromedia, Inc. (also often MetroMedia) was an American media company that owned radio station, 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 u ...
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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 in 1914 to a Presbyterian family in Chemnitz, Germany, and emigrated to the United States in 1922. Kluge went to Wayne State University for two years and earned his B.A. degree in economics from Columbia University in 1937. 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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