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Atlas Corp.
The Atlas Corporation is an American investment firm that was formed in 1928. History Atlas corporation was formed in 1928, in a merger of the United Corporation, an investment firm started in 1923 with $40,000, with Atlas Utilities and Investors Ltd. The corporation specialized in capital formation and management. In 1929, Atlas was a $12,550,000 investment trust. The company was able to shrewdly weather the Wall Street crash of 1929, and continue to grow through the 1930s and 1940s. The corporation was founded by Floyd Odlum and his brother-in-law Boyd Hatch. With Floyd Odlum as president and Boyd Hatch as vice-president, Atlas invested, managed or controlled numerous industries, including Greyhound Lines, Bonwit Teller (acquired 1934) and Franklin Simon & Co. (acquired 1936) ladies' apparel stores, Madison Square Garden (1925), Madison Square Garden, and various mines, utility companies, aviation related businesses, and banks. After Atlas Corporation acquired the Bonwit Tell ...
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Investment Firm
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities regulation, there are at least five types of investment companies: * Open-End Management Investment Companies (mutual funds) * Face-amount certificate companies: very rare * Closed-End Management Investment Companies (closed-end funds) * UITs (unit investment trusts): only issue redeemable units * Exchange-traded funds ( ETFs) In general, each of these investment companies must register under the ...
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Howard Hughes
Howard Robard Hughes Jr. (December 24, 1905 – April 5, 1976) was an American Aerospace engineering, aerospace engineer, business magnate, film producer, and investor. He was The World's Billionaires, one of the richest and most influential people in the world during his lifetime. He first became prominent as a film producer, and then as an important figure in the aviation industry. Later in life, he became known for his eccentric behavior and reclusive lifestyle—oddities that were caused in part by his worsening obsessive-compulsive disorder (OCD), chronic pain from a near-fatal plane crash, and increasing deafness. As a film tycoon, Hughes gained fame in Hollywood beginning in the late 1920s, when he produced big-budget and often controversial films such as ''The Racket (1928 film), The Racket'' (1928), ''Hell's Angels (film), Hell's Angels'' (1930), and ''Scarface (1932 film), Scarface'' (1932). He later acquired the RKO Pictures film studio in 1948, recognized then as one ...
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Holding Companies Of The United States
Holding may refer to: Film and television * ''The Holding'' (film), 2011 British film * "Holding", an episode of the American animated television series ''Beavis and Butt-Head'' * ''Holding'' (TV series), a 2022 TV series based on the book by Graham Norton * '' The Miroslav Holding Co.'', 2001 Croatian film, also released as ''Holding'' Other uses * Holding an object with the hands, or grasping * ''Holding'', a novel by Graham Norton * Holding (aeronautics), a manoeuvre in aviation * Holding (American football), a common penalty in American football * Holding (law), the central determination in a judicial opinion * Holding (surname) * Holding company, a company that owns stock in other companies See also * * * Smallholding * Hold (other) * The Holding (other) * " Holdin'," a song by Diamond Rio * Hoarding * Possession (law) In law, possession is the exercise of dominion by a person over property to the exclusion of others. To possess something, ...
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Investment Companies Of The United States
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ...
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Financial Services Companies Established In 1928
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pro ...
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Project Mercury
Project Mercury was the first human spaceflight program of the United States, running from 1958 through 1963. An early highlight of the Space Race, its goal was to put a man into Earth orbit and return him safely, ideally before the Soviet Union. Taken over from the US Air Force by the newly created civilian space agency NASA, it conducted 20 uncrewed developmental flights (some using animals), and six successful flights by astronauts. The program, which took its name from Roman mythology, cost $ (adjusted for inflation). The astronauts were collectively known as the " Mercury Seven", and each spacecraft was given a name ending with a "7" by its pilot. The Space Race began with the 1957 launch of the Soviet satellite Sputnik 1. This came as a shock to the American public, and led to the creation of NASA to expedite existing US space exploration efforts, and place most of them under civilian control. After the successful launch of the Explorer 1 satellite in 1958, crewed spac ...
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Convair
Convair, previously Consolidated Vultee Aircraft Corporation, was an American aircraft-manufacturing company that later expanded into rockets and spacecraft. The company was formed in 1943 by the merger of Consolidated Aircraft and Vultee Aircraft. In 1953, it was purchased by General Dynamics, and operated as their Convair Division for most of its corporate history. Convair is best known for its military aircraft; it produced aircraft such as the Convair B-36 Peacemaker and Convair B-58 Hustler strategic bombers, and the Convair F-102 Delta Dagger and Convair F-106 Delta Dart interceptors. It also manufactured the first Atlas rockets, including the rockets that were used for the crewed orbital flights of Project Mercury. The company's subsequent Atlas-Centaur design continued this success and derivatives of the design remain in use as of 2025. The company also entered the jet airliner business with its Convair 880 and Convair 990 designs. These were smaller than conte ...
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University Press Of Kentucky
The University Press of Kentucky (UPK) is the scholarly publisher for the Commonwealth of Kentucky, and was organized in 1969 as successor to the University of Kentucky Press. The university had sponsored scholarly publication since 1943. In 1949, the press was established as a separate academic agency under the university president, and the following year Bruce F. Denbo, then of Louisiana State University Press, was appointed as the first full-time professional director. Denbo served as director of UPK until his retirement in 1978, building a small but distinguished list of scholarly books with emphasis on American history and literary criticism. Since its reorganization, the Press has represented a consortium that now includes all of Kentucky's state universities, seven of its private colleges, and two historical societies. UPK joined the Association of University Presses in 1947. The press is supported by the Thomas D. Clark Foundation, a private nonprofit foundation establis ...
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SM-65 Atlas
The SM-65 Atlas was the first operational intercontinental ballistic missile (ICBM) developed by the United States and the first member of the Atlas rocket family. It was built for the U.S. Air Force by the Convair Division of General Dynamics at an assembly plant located in Kearny Mesa, San Diego. Development dates to 1946, but over the next few years the project underwent several cancellations and re-starts. The deepening of the Cold War and intelligence showing the Soviet Union was working on an ICBM design led to it becoming a crash project in late 1952, along with the creation of several other missile projects to ensure one would enter service as soon as possible. The first test launch was carried out in June 1957, which failed. The first success of the Soviet R-7 Semyorka in August gave the program new urgency, leading to the first successful Atlas A launch in December. Of the eight flights of the A model, only three were successful, but the later models demonstr ...
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RKO Pictures
RKO Radio Pictures Inc., commonly known as RKO Pictures or simply RKO, is an American film production and distribution company, historically one of the major film studios, "Big Five" film studios of Cinema of the United States, Hollywood's Classical Hollywood cinema#1927–1960: Sound era and the Golden Age of Hollywood, Golden Age. The business was formed after the Keith-Albee-Orpheum theater chain and Joseph P. Kennedy, Joseph P. Kennedy's Film Booking Offices of America studio were studio system, brought together under the control of the Radio Corporation of America (RCA) in October 1928. RCA executive David Sarnoff engineered the merger to create a market for the company's sound-on-film technology, RCA Photophone, and in early 1929 production began under the RKO name (an initialism of Radio-Keith-Orpheum). Two years later, another Kennedy concern, the Pathé Exchange, Pathé studio, was folded into the operation. By the mid-1940s, RKO was controlled by investor Floyd Odlum. ...
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Hortense Odlum
Hortense McQuarrie Odlum (July 17, 1892 – January 12, 1970) was the first woman president of Bonwit Teller Department Store in New York City and the first wife of financier Floyd Odlum. Biography Hortense McQuarrie was born on July 17, 1892, in St. George, Utah to Hector Allen McQuarrie (1862–1926) and Ella Carr Gardner McQuarrie (1866–1943). She married Floyd Bostwick Odlum on September 15, 1917, in Philadelphia, Pennsylvania while he was a law clerk. They moved to New York City when he accepted a position with a New York law firm in 1916. Mr. Odlum became president of Atlas Corporation, which took over Bonwit Teller in 1934. Mr. Odlum appointed his wife as president."Mrs. Odlum: Bonwit Teller's Chief Began Work 2 Years Ago", ''Newsweek Magazine'', October 20, 1934. She always maintained: :"I was forced to take the job.""Hortense Odlum of Bonwit Teller: Head of Store Here From 1934–1944 is Dead", Obituary: ''New York Times'', January 13, 1970. The store was confronted ...
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Capital Formation
Capital formation is a concept used in macroeconomics, national accounts and financial economics. Occasionally it is also used in corporate accounts. It can be defined in three ways: *It is a specific statistical concept, also known as net investment, used in national accounts statistics, econometrics and macroeconomics. In that sense, it refers to a measure of the ''net additions'' to the (physical) capital stock and flow, stock of a country (or an economic sector) in an accounting interval, or, a measure of the amount by which the total physical capital stock ''increased'' during an accounting period. To arrive at this measure, standard valuation principles are used. *It is used also in economic theory, as a modern general term for capital accumulation, referring to the total "stock of capital" that has been formed, or to the growth of this total capital stock. *In a much broader or vaguer sense, the term "capital formation" has in more recent times been used in financial economi ...
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