ADP (company)
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ADP (company)
Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey. History In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1957, Lautenberg, after successfully serving in sales and marketing, became a full-fledged partner with the two brothers. In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately . The company established a subsidiary in the United Kingdom in 1965. In 1970, Lautenberg was noted as being the president of the company. Also in 1970, the company's stock transitioned from trading on American Stock Exchange to trading on the New York Stock Exch ...
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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 ...
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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 ...
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Chessington Computer Centre
Chessington Computer Centre was an organisation based in Chessington that provided administration services to the UK Government. Originally part of central government, it became an executive agency and trading fund of the Cabinet Office on 1 April 1993. In July 1996 it was sold to a management and employee buy-out team for £12.5 million. It was acquired by Automatic Data Processing Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services, headquartered in Roseland, New Jersey. History In 1949, Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processin ... in September 1998, but was later closed in June 2005. The chess player Michael Basman worked at the Chessington Computer Centre as a computer programmer. References {{UK-gov-stub Privatised executive agencies of the United Kingdom government ADP (company) ...
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Les Echos (France)
''Les Echos'' () is the first daily French financial newspaper, founded in 1908 by brothers Robert and Émile Servan-Schreiber. Owned by LVMH, it has an Economic liberalism, economic liberal stance and "defend[s] the idea that Market economics, market is superior to Economic planning, plan". ''Les Echos'' is the main competitor of ''La Tribune'', a rival financial paper. History and profile The paper was established as a four-page monthly publication under ''Les Echos de l'Exportation'' by brothers Robert and Émile Servan-Schreiber in 1908. Becoming weekly in 1913, ''Les Echos de l'Exportation'' printed 5,000 copies. The newspaper ceased publication during the World War I, First World War. It reappeared at the war's end under ''Les Echos''. In 1928, ''Les Echos'' became a daily newspaper. It became an authoritative newspaper for economic circles in 1937. It was suspended World War II, in 1939. ''Les Echos'' resumed its activities in 1945, with relevant topics for this time, ...
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Cyphernetics
Cyphernetics Corporation was a commercial timesharing company founded in March 1969 and based in Ann Arbor, Michigan. The company had a sales offices in most major American cities and many international locations, providing communications and technical support for clients. As was the case with a number of commercial timesharing operators in the 1970s, Cyphernetics utilized the DECsystem-10 computer systems from Digital Equipment Corporation. Cyphernetics developed many products that were well ahead of their time, and whose concepts are contained in many of the most important PC applications, even today. Cyphernetics had an email system (called UTI:MEMO) in the early 1970s, as well as word processing (Cyphertext), spreadsheets (Cyphertab), project management, and time series data storage and analysis (TSAM). Despite comparatively weak CPUs, very limited memory and storage, and slow communications networks of the time, most modern PC applications were functional on the timesharin ...
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Time Sharing Limited
Time Sharing Limited (TSL) was the United Kingdom's first Time-sharing, time sharing computer services company. 1st. Generation System Time Sharing Limited (TSL) was founded in 1967 by Richard ("Dick") Evans who had been impressed by Digital Equipment Corporation , Digital Equipment Corporation's minicomputers. It started service from a small office on Great Portland Street, London, with a dual, fault-tolerant system consisting of a front-end switch directing traffic to two units, each consisting of a PDP-7 and a PDP-8. The PDP-7 interpreted messages and the PDP-8 ran the appropriate application. A PDP-9 controlled access to persistent storage based on NCR CRAM Memory. The system used the TELCOMP interpretive language that had been developed by Raytheon BBN Technologies, Bolt, Beranek and Newman. Customers leased a modem from the General Post Office (later BT Group, British Telecom) and a Westrex Teletype Model 33 from TSL. Line speeds were limited to 110 Baud (about 10 characters ...
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Fiscal Year
A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally with the reporting period not aligning with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes, such as income tax. Many annual government fees—such as council tax and license fees are also levied on a fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems, end their fiscal year on the same day of the week each ye ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by total revenue for their respective fiscal years. The list includes publicly held company, publicly held companies, along with Privately held company, privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset Fortune 1000, ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, ExxonMobil, Jersey Standard, U.S. Steel, General Electric, JBS USA, Esmark, Chrysler, Armour and Company, Armour, Gulf Oil, Mobil, and D ...
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NASDAQ Global Select Market
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 economy, market network and several U.S.-based stock and option (finance), 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 Fi ...
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Professional Employer Organization
A professional employer organisation (PEO) is an outsourcing firm that provides services to Small and medium-sized enterprises, small and medium-sized businesses. Typically, the PEO offering may include human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers' compensation insurance, health benefits, employers' practice and liability insurance, retirement vehicles (401(k)), regulatory compliance assistance, workforce management technology, and training and development. The PEO enters into a contractual co-employment agreement with its clientele. Through co-employment, the PEO becomes the employer of record for tax purposes, filing payroll taxes under its own Taxpayer Identification Number, tax identification numbers. As the legal employer, the PEO is responsible for withholding proper taxes, paying unemployment insurance taxes and providing workers' compensation coverage. As of 2017, industry gross revenues in the Uni ...
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United States Senate
The United States Senate is a chamber of the Bicameralism, bicameral United States Congress; it is the upper house, with the United States House of Representatives, U.S. House of Representatives being the lower house. Together, the Senate and House have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation. The Senate also has exclusive power to confirm President of the United States, U.S. presidential appointments, to approve or reject treaties, and to convict or exonerate Impeachment in the United States, impeachment cases brought by the House. The Senate and the House provide a Separation of powers under the United States Constitution, check and balance on the powers of the Federal government of the United States#Executive branch, executive and Federal judiciary of the United States, judicial branches of government. The composition and powers of the Se ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ...
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