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Weir Group
The Weir Group plc is a Scottish multinational engineering company headquartered in Glasgow, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History The company was established in 1871 as an engineering firm by two brothers, George and James Weir, founding G. & J. Weir Ltd. The Weir brothers produced numerous groundbreaking inventions in pumping equipment, primarily for the Clyde shipyards and the steam ships built there. These pumps became extremely well known for their use as boiler feedwater pumps, and for ship's auxiliary equipment such as evaporators. During 1886, the company established a new machine shop in Cathcart alongside a recently extended railway line. Under the leadership of W D Weir, the company turned to producing munitions and war materiel during the First World War. In addition to shells, it manufactured aero-engines and whole aircraft, including the Royal Aircraft Factory F.E.2 fighter and bomber. By the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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] [Amazon] |
Alley & MacLellan
Alley & MacLellan Ltd was a mechanical engineering company based in Glasgow, Scotland. Its products were sold under the Sentinel brand. History Alley & MacLellan was founded in Bridgeton, Scotland in 1875 by Stephen Alley and John Maclellan. The company began by building valves, compressors and other parts for steamships."Sentinel Waggon Works" , ''Discover Britain''. By 1880 the company had moved to larger premises in , and began building complete ships. Because of the factory location far from the ocean, the ships were designed so that they could be transported in sections and assembled at dockside. In 1883, the company de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Derald Ruttenberg
Derald H. Ruttenberg (17 February 1916 – 19 September 2004) was a lawyer who became a deal maker, organizing large industrial mergers. He arranged the merger of Studebaker and Worthington Corporation, and for some time ran the combined Studebaker-Worthington. He provided the financing for the Derald H. Ruttenberg Cancer Center at Mount Sinai Hospital, New York. Early years He was born on 17 February 1916 in Lafayette, Indiana. He studied philosophy at the University of Wisconsin, graduating in 1937. He went on to the Yale Law School where he earned an LL.B in 1940, then earned a business degree from the Harvard University Graduate School of Business in 1942. He served in the U.S. Air Force during World War II (1939–1945) and served in Europe in the U.S. Strategic Bombing Survey. He received an honorable discharge as a lieutenant in 1945. Early career After being discharged, he practiced law in Chicago. He then became owner of a number of privately held industrial compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Studebaker-Worthington
Studebaker-Worthington was a diversified American manufacturer created in 1967 through a merger of Studebaker Corporation, Wagner Electric and Worthington Corporation. The company was in turn acquired by McGraw-Edison in 1979. Origins Founded in 1852, Studebaker began as a wagon manufacturer which eventually entered the automobile business in the early 1900s. However, since the early 1950s sales had been steadily declining resulting in a lack of funds to develop new models. In December 1963 Randolph H. Guthrie, chairman of Studebaker, announced that the company was closing down its automobile factory in South Bend Indiana, where it had made cars for 50 years, but would continue to make cars in Hamilton, Ontario. In 1965 auto sales were slightly less than $45 million. On 4 March 1966 Studebaker announced the termination of auto production after less than 9,000 1966 models had been produced. Management said the decision was due to "heavy and irreversible losses" in the automobi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Worthington-Simpson
Worthington-Simpson was a British pump manufacturer. Many of their pumps were used in municipal waterworks in Great Britain. The company has its roots in a steam engine workshop founded by Thomas Simpson around 1785. His sons took over the workshop and founded James Simpson & Co., which became Worthington Pump Co. through a merger in 1903, renamed Worthington-Simpson in 1917. It continued as an independent pump manufacturer until 1969, when it became a subsidiary of Studebaker-Worthington. A series of mergers and divestitures followed. The successor company as of 2013, formed through a number of mergers, is Flowserve. Origins In 1785 Thomas Simpson, an engineer, set up the Lambeth Waterworks. At first a small company, it supplied water to parts of Southwark and Vauxhall from pumping works on the south side of the River Thames. Simpson was engineer to this company for the next forty-one years. He also became engineer of the Chelsea Waterworks Company. Simpson set up a workshop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Steamship
A steamship, often referred to as a steamer, is a type of steam-powered vessel, typically ocean-faring and seaworthy, that is propelled by one or more steam engines that typically move (turn) propellers or paddlewheels. The first steamships came into practical usage during the early 19th century; however, there were exceptions that came before. Steamships usually use the prefix designations of "PS" for ''paddle steamer'' or "SS" for ''screw steamer'' (using a propeller or screw). As paddle steamers became less common, "SS" is incorrectly assumed by many to stand for "steamship". Ships powered by internal combustion engines use a prefix such as "MV" for ''motor vessel'', so it is not correct to use "SS" for most modern vessels. As steamships were less dependent on wind patterns, new trade routes opened up. The steamship has been described as a "major driver of the first wave of trade globalization (1870–1913)" and contributor to "an increase in international trade that was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Air Ministry
The Air Ministry was a department of the Government of the United Kingdom with the responsibility of managing the affairs of the Royal Air Force and civil aviation that existed from 1918 to 1964. It was under the political authority of the Secretary of State for Air. Organisations before the Air Ministry The Air Committee On 13 April 1912, less than two weeks after the creation of the Royal Flying Corps (which initially consisted of both a naval and a military wing), an Air Committee was established to act as an intermediary between the Admiralty and the War Office in matters relating to aviation. The new Air Committee was composed of representatives of the two war ministries, and although it could make recommendations, it lacked executive authority. The recommendations of the Air Committee had to be ratified by the Admiralty Board and the Imperial General Staff and, in consequence, the Committee was not particularly effective. The increasing separation of army and n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Cierva W
The Cierva Autogiro Company was a British firm established in 1926 to develop the autogyro. The company was set up to further the designs of Juan de la Cierva, a Spanish engineer and pilot, with the financial backing of James George Weir, a Scottish industrialist and aviator. History Juan de la Cierva's first British-built autogyro was the Cierva C.8, C.8 design. It and some other designs were built in conjunction with Avro. The pre-war Cierva C.30 proved popular. Nearly 150 were built under licence in the United Kingdom by Avro, in Germany by Focke-Wulf, and in France by Lioré-et-Olivier. On 9 December 1936, Cierva was killed in the 1936 KLM Croydon accident, Croydon KLM airliner accident when the aircraft in which he was a passenger crashed after taking off in fog. Dr. James Allan Jamieson Bennett was promoted to Chief Technical Officer of the company and remained in the position until leaving in 1939. In addition to making important contributions to autogyro controls while at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
