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Fairchild Corporation
The Fairchild Corporation is the successor corporation of Fairchild Industries, Inc. In March 2009, the company filed for Chapter 11 bankruptcy protection. Banner Aerospace was one of the company's major subsidiaries. The last major Fairchild asset sold was Fairchild Fasteners, a Sherman Fairchild company, which was sold to industrial corporation Alcoa for on December 3, 2002. It was subsequently renamed Alcoa Fasteners. In the summer of 2006, the corporation sold a shopping mall they had built on the Republic Airport property of Fairchild Hiller for . Jeffrey Steiner was the company's CEO until his resignation in October 2008; he died a month later. , the firm has been delisted from the New York Stock Exchange; a number of executives had recently left the company's senior management team, including Steiner's son, Eric; and the firm was being run by interim chief executive Phillip Sassower, the head of a New York private equity firm A private equity firm or private equity c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairchild Industries
Fairchild was an American aircraft and aerospace manufacturing company based at various times in Farmingdale, New York; Hagerstown, Maryland; and San Antonio, Texas. History Early aircraft The company was founded by Sherman Fairchild in 1924 as Fairchild Aviation Corporation, based in Farmingdale, and East Farmingdale, New York. It was established as the parent company for Fairchild's many aviation interests. The company produced the first US aircraft to include a fully enclosed cockpit and hydraulic landing gear, the Fairchild FC-1. At some point, it was also known as the Fairchild Aircraft Manufacturing Company. The Fairchild Aircraft Ltd. of Longueuil, Quebec, Canada was an aircraft manufacturer during the period of 1920 to 1950, which served as a subsidiary of the Fairchild company of the United States. The Fairchild Engine Company was formed with the purchase of the Caminez Engine Company in 1925. In 1929, Sherman Fairchild purchased a majority stock interest in Kreid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sherman Fairchild
Sherman Mills Fairchild (April 7, 1896 – March 28, 1971) was an American businessman and investor who founded over 70 companies, including Fairchild Aviation, Fairchild Industries, and Fairchild Camera and Instrument. Fairchild made significant contributions to the aviation industry and was inducted into the National Aviation Hall of Fame in 1979. His Semiconductor Division of Fairchild Camera played a defining role in Silicon Valley. He held over 30 patents for products ranging from the silicon semiconductor to the 8-mm home sound motion-picture camera. Fairchild was responsible for inventing the first synchronized camera shutter and flash as well as developing technologies for aerial cameras that were later used on the Apollo Missions. Early life and education Born in Oneonta, New York, Sherman Fairchild was the only child of George Winthrop Fairchild (1854–1924) and Josephine Mills Sherman (1859–1924). His father was a Republican Congressman as well as a co-found ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa
Alcoa Corporation (an acronym for "Aluminum Company of America") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. Alcoa emerged in 1888 as the brainchild of Charles Martin Hall, with the funding of Alfred E. Hunt and Arthur Vining Davis. Alcoa was the first mass producer of aluminum. Before Alcoa's formation, aluminum was difficult to refine and, as a result, was more expensive than silver or gold. In 1886, Hall discovered the Hall–Héroult process, the first inexpensive technique for refining aluminum, drastically reducing the price of aluminum while increasing its availability. Hall approached Hunt and Davis to form a company to bring his process to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Airport
Republic Airport is a public airport in East Farmingdale in Suffolk County, on Long Island, in New York, United States The National Plan of Integrated Airport Systems for 2011–2015 categorized it as a general aviation ''reliever airport''. Federal Aviation Administration records say the airport had 3,586 passenger boardings (enplanements) in calendar year 2008, 2,866 in 2009, and 2,783 in 2010. It is the busiest public general aviation airport within the State of New York and the third largest airport overall by total annual flights – behind only John F. Kennedy International Airport and LaGuardia Airport, respectively. On behalf of the New York State Department of Transportation, the airport is currently managed by AvPORTS – an American operator and manager of airports. History Early history Republic Airport was developed by Sherman Fairchild as the Fairchild Flying Field in East Farmingdale in late 1927, after determining that his existing flying field & airpl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairchild Hiller
Fairchild was an American aircraft and aerospace manufacturing company based at various times in Farmingdale, New York; Hagerstown, Maryland; and San Antonio, Texas. History Early aircraft The company was founded by Sherman Fairchild in 1924 as Fairchild Aviation Corporation, based in Farmingdale, and East Farmingdale, New York. It was established as the parent company for Fairchild's many aviation interests. The company produced the first US aircraft to include a fully enclosed cockpit and hydraulic landing gear, the Fairchild FC-1. At some point, it was also known as the Fairchild Aircraft Manufacturing Company. The Fairchild Aircraft Ltd. of Longueuil, Quebec, Canada was an aircraft manufacturer during the period of 1920 to 1950, which served as a subsidiary of the Fairchild company of the United States. The Fairchild Engine Company was formed with the purchase of the Caminez Engine Company in 1925. In 1929, Sherman Fairchild purchased a majority stock interest in Kreider- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Steiner
Jeffrey Steiner (April 3, 1937, Vienna – November 1, 2008) was the chief executive officer of the Fairchild Corporation, the successor corporation of Fairchild Industries, Inc. Steiner was born in Vienna, Austria. His family fled to Turkey during World War II, when Hitler's troops invaded Austria. He spoke French, English, Turkish, German, Italian, and Spanish. He became the leading executive of the Fairchild Corporation in 1985. He introduced Michael Milken of Drexel Burnham to many of the European banks which would become buyers of Drexel's junk bonds. In 2006 his compensation from Fairchild was halved, following a shareholder lawsuit alleging overpayment. Steiner was a leader and contributor among the youth of the Jewish community. ''The New York Times'' called him a "globe-trotting takeover artist". The French government honored him for his contributions to the arts, naming him a Chevalier des Arts et des Lettres The Order of Arts and Letters () is an order of France es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington metropolitan area and has a national audience. As of 2023, the ''Post'' had 130,000 print subscribers and 2.5 million digital subscribers, both of which were the List of newspapers in the United States, third-largest among U.S. newspapers after ''The New York Times'' and ''The Wall Street Journal''. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. In 1933, financier Eugene Meyer (financier), Eugene Meyer purchased it out of bankruptcy and revived its health and reputation; this work was continued by his successors Katharine Graham, Katharine and Phil Graham, Meyer's daughter and son-in-law, respectively, who bought out several rival publications. The ''Post ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Firm
A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existing operating company with the end goal to make a profit on its investments. The target companies are generally privately owned entities (not publicly listed), but on rare occasions a private equity firm may purchase the majority of a publicly listed company and delist the firm after the purchase. To complete its investments, a private equity firm will raise funds from large institutional investors, family offices and others pools of Financial capital, capital (e.g. other private-equity funds) which supply the Ownership equity, equity. The money raised, often pooled into a fund, will be invested in accordance with one or more specific investment strategies including leveraged buyout, venture capital, and growth capital. Although the indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
