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Sears
Sears, Roebuck and Company, colloquially known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1892, reincorporated (a formality for a history-making consumer sector initial public offering) by Richard Sears
Sears
and new partner Julius Rosenwald
Julius Rosenwald
in 1906. Formerly based at the Sears Tower
Sears Tower
in Chicago
Chicago
and currently headquartered in Hoffman Estates, Illinois, the operation began as a mail ordering catalog company and began opening retail locations in 1925. The first location was in Evansville, Indiana. The company was bought by the management of the American big box chain Kmart
Kmart
in 2005, the Kmart
Kmart
management formed Sears Holdings
Sears Holdings
upon completion of the merger
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Initial Public Offering
Initial public offering
Initial public offering
(IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors[1] and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchange. 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 the company concerned; 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 enterprises. After the IPO, those shares which trade freely in the open market are known as the free float
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Evansville, Indiana
Evansville is a city and the county seat of Vanderburgh County, Indiana, United States.[5] The population was 117,429 at the 2010 census, making it the state's third-most populous city after Indianapolis
Indianapolis
and Fort Wayne, the largest city in Southern Indiana, and the 232nd-most populous city in the United States. It is the commercial, medical, and cultural hub of Southwestern Indiana
Indiana
and the Illinois-Indiana- Kentucky
Kentucky
tri-state area, home to over 911,000 people. The 38th parallel crosses the north side of the city and is marked on Interstate 69. Situated on an oxbow in the Ohio River, the city is often referred to as the "Crescent Valley" or "River City". As a testament to Ohio's grandeur, early French explorers named it La Belle Riviere ("The Beautiful River"). The area has been inhabited by various cultures for millennia, dating back at least 10,000 years
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Central Business District
A central business district (CBD) is the commercial and business centre of a city. In larger cities, it is often synonymous with the city's "financial district". Geographically, it often coincides with the "city centre" or "downtown", but the two concepts are separate: many cities have a central business district located away from its commercial or cultural city centre or downtown. The CBD is often also the "city centre" or "downtown", but this is also often not the case. Midtown Manhattan
Midtown Manhattan
is the largest central business district in New York City
New York City
and in the world; yet Lower Manhattan, commonly called Downtown
Downtown
Manhattan, represents the second largest distinct CBD in New York City
New York City
and is geographically situated south of Midtown
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List Of Business Entities
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province
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Subsidiary
A subsidiary, subsidiary company or daughter company[1][2][3] is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company.[4][5] The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. In some cases, particularly in the music and book publishing industries, subsidiaries are referred to as imprints. In the United States railroad industry, an operating subsidiary is a company that is a subsidiary but operates with its own identity, locomotives and rolling stock
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Minneapolis
US: 46th MN: 1st • Density 7,660/sq mi (2,959/km2) • Metro 3,551,036 (US: 16th)[1] • CSA 4,197,883 (US: 14th)Demonym(s) MinneapolitanTime zone CST (UTC–6) • Summer (DST) CDT (UTC–5)ZIP Codes 55401–55488 (range includes some ZIP Codes for Minneapolis
Minneapolis
suburbs)Area code(s) 612FIPS code 27-43000GNIS feature ID 0655030[4]Website www.minneapolismn.gov
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Redwood Falls, Minnesota
Redwood Falls is a city in Redwood County, located along the Redwood River near its confluence with the Minnesota
Minnesota
River, in the U.S. state of Minnesota. The population was 5,254 at the 2010 census.[6] It is the county seat.[7]Contents1 History1.1 19th century 1.2 20th century to present2 Geography2.1 Climate3 Demographics3.1 2010 census 3.2 2000 census4 See also 5 References 6 External linksHistory[edit] As the immigrant and Euro-American population of the North American east coast region grew, population pressures affected people far inland. People moved west to find new homes as more and more land was used by farmers. The Minnesota
Minnesota
area is the ancestral homeland of the several Dakota peoples, who consisted of the loosely confederated Oceti sakowin (Seven Council Fires)
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Euphemism
A euphemism /ˈjuːfəˌmɪzəm/ is a generally innocuous word or expression used in place of one that may be found offensive or suggest something unpleasant.[1] Some euphemisms are intended to amuse, while others use bland, inoffensive terms for things the user wishes to downplay. Euphemisms are used to refer to taboo topics (such as disability, sex, excretion, or death) in a polite way, or to mask profanity.[2]Contents1 Etymology 2 Purpose 3 Formation3.1 Phonetic modification 3.2 Figures of speech 3.3 Rhetoric 3.4 Slang 3.5 Words from a foreign language 3.6 Evolution4 In popular culture 5 See also 6 Notes 7 References 8 Further reading 9 External linksEtymology[edit] The word comes from Greek εὐφημία (euphemia) "the use of words of good omen", which is a compound of eû (εὖ) "good, well" and phḗmē (φήμη) "prophetic speech; rumour, talk".[3] The eupheme is the opposite of the blaspheme "evil-speaking"
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Puerto Rico
Coordinates: 18°12′N 66°30′W / 18.2°N 66.5°W / 18.2; -66.5Commonwealth of Puerto Rico Estado Libre Asociado de Puerto Rico  (Spanish)FlagCoat of armsMotto: "Joannes est nomen ejus" (Latin) "John is his name"Anthem: "La Borinqueña"[a] "The Borinquenian""The Star-Spangled Banner"Great SealStatus Unincorporated territoryCapital and largest city San Juan 18°27′N 66°6′W / 18.450°N 66.100°W / 18.450; -66.100Official languages Spanish English[1]Common languages94.7% Spanish[2]5.3% EnglishEthnic groups75.8% White12.4% Black3.3% Two or more races0.5% American Indian & Alaskan Native0.2% Asian<0.1% Pacific Islander7.8% Other[3]DemonymPuerto Rican (formal) American (since 1917) Boricua (colloquial)Country  United StatesGovernment Commonwealth[b
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United States Dollar
 United States  East Timor[2][Note 1]  Ecuador[3][Note 2]  El Salvador[4]  Federated States of Micronesia  Marshall Islands  Palau  Panama[Note 3]  Zimbabwe[Note 4]3 non-U.S
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Earnings Before Interest And Taxes
In accounting and finance, earnings before interest and taxes (EBIT), is a measure of a firm's profit that includes all expenses except interest and income tax expenses.[1] It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, operating income is sometimes used as a synonym for EBIT and operating profit.[2]EBIT = revenue – operating expenses (OPEX)Operating income = revenue – operating expenses[1] A professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT), and then determines the optimal use of debt vs. equity. To calculate EBIT, expenses (e.g
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Parent Company
A parent company is a company that owns enough voting stock in another firm to control management and operation by doing and influencing or electing its board of directors
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Panic Of 1893
The Panic of 1893
Panic of 1893
was a serious economic depression in the United States that began in 1893 and ended in 1897.[1] It deeply affected every sector of the economy, and produced political upheaval that led to the realigning election of 1896 and the presidency of William McKinley.Contents1 Causes 2 Populists 3 Silver 4 Effects 5 See also 6 References 7 Further reading7.1 Contemporary sources 7.2 Secondary sources8 External linksCauses[edit] One of the causes for the Panic of 1893
Panic of 1893
can be traced back to Argentina. Investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a coup in Buenos Aires ended further investments. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury
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Sports Equipment
Sports equipment, called sporting goods where sold, is any object used for sport or exercise.[1]Contents1 Game equipment1.1 Balls 1.2 Flying discs 1.3 Goal posts 1.4 Nets 1.5 Racquets 1.6 Rods and tackle 1.7 Sticks, bats and clubs 1.8 Wickets and bases2 Player equipment2.1 Footwear 2.2 Protective equipment 2.3 Training equipment3 Miscellaneous3.1 Vehicles4 Various sports 5 History and development of sports 6 See also 7 References 8 External linksGame equipment[edit] Balls[edit] See also: Category:Balls The ball is often what a sport requires and revolves around
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Recession
In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.[1][2] Macroeconomic indicators such as GDP
GDP
(gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.[3][4] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble
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