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Triple Five Group
Triple Five Group is a conglomerate based in Edmonton, Alberta, Canada, which specializes in shopping centres, entertainment complexes, hotels, and banks, along with 3 indoor amusement parks. The company owns and operates two of North America's largest malls, the West Edmonton Mall in Alberta and the Mall of America in Minnesota, both of which contain a wide variety of entertainment attractions alongside traditional retail. The company also owns the American Dream Meadowlands, which opened at the Meadowlands Sports Complex in New Jersey on October 25, 2019. History Early years (1965–1981) Germez Developments was founded by Jacob Ghermezian in 1965, and his family, the Iranian-Canadian Jewish Ghermezian family, remains the owners and operators of the company today. Jacob's four sons were the core of the business, and after them the brothers' children have begun to take leadership roles in the company, including CEO Don Ghermezian and Braze founder Mark Ghermezian. In the mid ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Meadowlands Sports Complex
The Meadowlands Sports Complex is a sports complex located in East Rutherford, in Bergen County, New Jersey, United States. The facility is owned and operated by the New Jersey Sports and Exposition Authority (NJSEA). The complex currently consists of MetLife Stadium, which is home to the New York Giants and New York Jets of the National Football League; the Meadowlands Racetrack, a famous harness racing circuit (which is home of the annual Hambletonian Stakes); and the Quest Diagnostics Training Center, which is the Giants' practice facility. The complex is also home to the American Dream retail and entertainment venue, which is home to the Metropolitan Riveters of the Premier Hockey Federation, and the now-closed Meadowlands Arena, which served as a home for the New Jersey Devils of the National Hockey League, Seton Hall University's men's basketball team, and the team the arena was built for, the now-Brooklyn Nets of the National Basketball Association. History In th ...
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Trust Company
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts. The "trust" name refers to the ability to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for. A trustee will manage investments, keep records, manage assets, prepare court accounting, pay bills (depending on the nature of the trust), medical expenses, charitable gifts, inheritances or other distributions of income and principal. Estate administration A trust company can be named as an executor or personal representative in a last will and testament. The responsibilities of an executor in settling the estate of a deceased per ...
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Peoples Trust
Peoples Trust Company, operating as Peoples Group, is a Canadian financial services company based in Vancouver, British Columbia. Peoples Group operates as a trust company and also maintains a chartered bank subsidiary, Peoples Bank of Canada. It is a subsidiary of the Alberta-based holding company Triple Five Group and maintains offices in Vancouver, Calgary, and Toronto. History When Peoples Trust opened in 1985, it focused on the origination of residential and multi-family mortgage products, and the provision of short- and long-term guaranteed investment products. It now includes a specialty in care facility and other commercial mortgages, corporate & specialized lending, as well as a line of secured and prepaid credit card products. Services Services provided by Peoples Trust: * Mortgage origination (Multi-Family, Commercial, Construction, and Residential) * Mortgage servicing * Deposit services (GICs, RRSPs, TFSAs, e-Savings) * Secured credit cards * Prepaid credit car ...
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Confederation Life
Confederation Life Insurance Company, also known as Confederation Life, was a major Canadian insurance company and financial services provider. Its global head office was located in Toronto in what is now the Rogers Building. The company had operations in Canada, the United States, the United Kingdom, and Bermuda, and an inactive office in Cuba. History The company was founded in 1871 by John Kay Macdonald (1837–1928) in Toronto, then established operations in the UK in 1906 (with a head office at Stevenage, Hertfordshire) and later into the United States with offices in Atlanta. Macdonald retired in 1920 and was succeeded by Charles Strange Macdonald from 1921 to 1946 and then John Kenneth Macdonald from 1946 to 1969. John Kenneth MacDonald's daughters, Peggy Latimer and Ann Macintosh, never were operationally involved in the firm, but they did inherit ownership from their father. In 1969, J. Craig Davidson became president and for the first time, the firm was no longer led b ...
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Winnipeg Free Press
The ''Winnipeg Free Press'' (or WFP; founded as the ''Manitoba Free Press'') is a daily (excluding Sunday) broadsheet newspaper in Winnipeg, Manitoba, Canada. It provides coverage of local, provincial, national, and international news, as well as current events in sports, business, and entertainment and various consumer-oriented features, such as homes and automobiles appear on a weekly basis. The WFP was founded in 1872, only two years after Manitoba had joined Confederation (1870), and predated Winnipeg's own incorporation (1873). The ''Winnipeg Free Press'' has since become the oldest newspaper in Western Canada that is still active. Though there is competition, primarily with the print daily tabloid '' Winnipeg Sun'', the WFP has the largest readership of any newspaper in the province and is regarded as the newspaper of record for Winnipeg and the rest of Manitoba. Timeline November 30, 1872: The ''Manitoba Free Press'' was launched by William Fisher Luxton and John A. Kenn ...
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Edmonton City Centre
Edmonton City Centre is a shopping mall in the downtown core of Edmonton, Alberta, Canada, across the street (west) from Churchill Square. History In 1974, the City Centre Place office tower (Oxford Tower) was completed within the larger Edmonton Centre development; TD Tower was added in 1976. In 1978, Oxford Tower (now MNP Tower) and the Four Seasons Hotel (now Sandman Signature Edmonton) were built on the north edge of the site. Across the street a new development was in planning by Triple Five Corporation. The original plan for what was then called Eaton Centre, announced in 1980, called for several large office and apartment towers. None of the originally designed five towers was ever built but the multi-level Eaton Centre mall and the Delta Edmonton Centre Suite Hotel were salvaged from the project by heavy civic tax subsidies. After the demise of the Eaton's department store in 1999, Eaton Centre and Edmonton Centre, formerly two independent malls, were redeveloped in ...
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University Of Alberta
The University of Alberta, also known as U of A or UAlberta, is a Public university, public research university located in Edmonton, Alberta, Canada. It was founded in 1908 by Alexander Cameron Rutherford,"A Gentleman of Strathcona – Alexander Cameron Rutherford", Douglas R. Babcock, 1989, The University of Calgary Press, 2500 University Drive NW, Calgary, Alberta, Canada, the first premier of Alberta, and Henry Marshall Tory,"Henry Marshall Tory, A Biography", originally published 1954, current edition January 1992, E.A. Corbett, Toronto: Ryerson Press, the university's first president. It was enabled through the Post-secondary Learning Act''.'' The university is considered a "comprehensive academic and research university" (CARU), which means that it offers a range of academic and professional programs that generally lead to undergraduate and graduate level credentials. The university comprises four campuses in Edmonton, an Augustana Campus in Camrose, Alberta, Camrose, ...
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Executive Council Of Alberta
The Executive Council of Alberta (the Cabinet) is a body of ministers of the Crown in right of Alberta, who along with the lieutenant governor, exercises the powers of the Government of Alberta. Ministers are selected by the premier and typically (but not always) sit as a member of the Legislative Assembly (MLA). It is the provincial equivalent to the federal Cabinet of Canada. Honourifics Executive councillors are styled "the Honourable". A change was made to the protocol in 2022 and former members who were living on February 6, 2022 (the Platinum Jubilee of Elizabeth II) are now honorary members of the council and are styled "the Honourable" for life (unless removed from membership for an indictable offence). Members and honorary members use the post-nominal letters "ECA". Role The executive powers in the province lie with the lieutenant governor and are exercised on the advice of the premier of Alberta and Executive Council of Alberta. The lieutenant governor is restri ...
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Speculation
In finance, speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline in value.) Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bonds, commodity futures, currencies, fine art, collectibles, real estate, and derivatives. Speculators play one of four primary roles in financial markets, along with hedgers, who engage in transactions to offset some other pre-existing risk, arbitrageus who seek to profit from situations where fungible instruments trade at different prices in different market segments, and investors who seek profit through long-term ownership of an instrument's underlying attributes. Hi ...
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The Globe And Mail
''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the '' Toronto Star'' in overall weekly circulation because the ''Star'' publishes a Sunday edition, whereas the ''Globe'' does not. ''The Globe and Mail'' is regarded by some as Canada's " newspaper of record". ''The Globe and Mail''s predecessors, '' The Globe'' and ''The Mail and Empire'' were both established in the 19th century. The former was established in 1844, while the latter was established in 1895 through a merger of '' The Toronto Mail'' and the '' Toronto Empire''. In 1936, ''The Globe'' and ''The Mail and Empire'' merged to form ''The Globe and Mail''. The newspaper was acquired by FP Publications in 1965, who later sold the paper to the Thomson Corporation in 1980. In 2001, the paper merged with broadc ...
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