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Oreck Corporation
David Irving Oreck (September 17, 1923 – February 15, 2023) was an American entrepreneur, business salesman, and speaker. He founded Oreck Corporation, manufacturers of vacuum cleaners and air purifiers, and was known for his appearances in its television commercials. Early life Oreck was born on September 17, 1923, in Duluth, Minnesota, to Jewish parents Abraham and Sheba Oreck (née Polinsky). He attended the University of Minnesota Duluth. When he was a child, his father took him on a flight in a Ford Trimotor and, on the ice of Lake Superior, the aircraft landed on skis. The experience proved so exciting to Oreck that he became fascinated with planes, and the mechanics of engines and electronics. Shortly after Pearl Harbor#Sunday December 7, 1941, Pearl Harbor was attacked, Oreck joined the United States Army Air Forces, United States Army Air Corps and served as pilot, navigator, and bombardier in the Asiatic-Pacific Theater, Pacific Theater for over two years. He partic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duluth, Minnesota
Duluth ( ) is a Port, port city in the U.S. state of Minnesota and the county seat of St. Louis County, Minnesota, St. Louis County. Located on Lake Superior in Minnesota's Arrowhead Region, the city is a hub for cargo shipping. The population was 86,697 at the 2020 United States census, 2020 census, making it Minnesota's List of cities in Minnesota, fifth-largest city. Duluth forms a metropolitan area with neighboring Superior, Wisconsin, called the Twin Ports. Duluth is south of the Iron Range and the Boundary Waters Canoe Area Wilderness. It is named after Daniel Greysolon, Sieur du Lhut, the area's first known European explorer. Duluth is on the north shore of Lake Superior at the westernmost point of the Great Lakes. It is the largest metropolitan area, the second-largest city, and the largest U.S. city on the lake. Duluth is accessible to the Atlantic Ocean, away, via the Great Lakes Waterway and St. Lawrence Seaway. The Port of Duluth is the world's farthest inland port ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television
Television (TV) is a telecommunication medium for transmitting moving images and sound. Additionally, the term can refer to a physical television set rather than the medium of transmission. Television is a mass medium for advertising, entertainment, news, and sports. The medium is capable of more than "radio broadcasting", which refers to an audio signal sent to radio receivers. Television became available in crude experimental forms in the 1920s, but only after several years of further development was the new technology marketed to consumers. After World War II, an improved form of black-and-white television broadcasting became popular in the United Kingdom and the United States, and television sets became commonplace in homes, businesses, and institutions. During the 1950s, television was the primary medium for influencing public opinion.Diggs-Brown, Barbara (2011''Strategic Public Relations: Audience Focused Practice''p. 48 In the mid-1960s, color broadcasting was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' include fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air aircraft such as hot air balloons and airships. Aviation began in the 18th century with the development of the hot air balloon, an apparatus capable of atmospheric displacement through buoyancy. Clément Ader built the "Ader Éole" in France and made an uncontrolled, powered hop in 1890. This was the first powered aircraft, although it did not achieve controlled flight. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896. A major leap followed with the construction of the '' Wright Flyer'', the first powered airplane by the Wright brothers in the early 1900s. Since that time, aviation has been technologically revolutionized by the introduction of the jet engine which enabl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Techtronic Industries
Techtronic Industries Company Limited (TTI Group or TTI) is a Hong Kong–based multinational company that designs, produces, and markets power tools, outdoor power equipment, hand tools, and floor care appliances. It pioneered cordless power tools powered by lithium-ion rechargeable batteries. TTI's products are manufactured in China, Vietnam, the United States, Mexico, and Europe, and in 2024, had annual sales of US$14.6 billion. History In 1985, TTI was founded by Horst Julius Pudwill and Roy Chi Ping Chung as an original equipment manufacturer for overseas brands. In 1987, it began to produce Craftsman cordless power tools for Sears followed by cordless, handheld vacuum cleaners for Bissell. In 1990, TTI listed on the Hong Kong Stock Exchange under stock code 0669 by initial public offering. Its ADRs also trade on Nasdaq as TTNDY. In 2019, the company's shares became one of the 50 constituents of the Hang Seng Index. TTI acquired Ryobi Limited's North American po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
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] |
American Securities
American Securities LLC is an American private equity firm based in New York with an office in Shanghai that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $250 million of EBITDA. American Securities and its affiliates have approximately $23 billion under management. American Securities traces its roots to a family office founded in 1947 by William Rosenwald, the son of Julius Rosenwald, the longtime CEO of Sears, Roebuck and Co. History William Rosenwald—who had inherited the Rosenwald fortune from his father Julius Rosenwald—founded American Securities Capital Partners in 1947. Investments included Ametek and Western Union. In 1993 Michael G. Fisch became the William Rosenwald family's financial advisor. In 1994—with Fisch as Director and CEO—American Securities opened their first fund to outside investors. By 2012 they had invested in "39 companies in a wide variety of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail Order
Mail order is the buying of goods or services by mail delivery. The buyer places an order for the desired products with the merchant through some remote methods such as: * Sending an order form in the mail * Placing an order by telephone call * Placing an order with a travelling agent * Filling in an order form on a website or mobile app — if the product information is also mainly obtained online rather than via a paper catalogue or via television, this mail-order model is called online shopping or e-commerce Then, the products are delivered to the customer. The products are usually delivered directly to an address supplied by the customer, such as a home address, but occasionally the orders are delivered to a nearby retail location for the customer to pick up. Some merchants also allow the goods to be shipped directly to a third party consumer, which is an effective way to send a gift to an out-of-town recipient. Some merchants deliver the goods directly to the customer thro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sears
Sears, Roebuck and Co., commonly known as Sears ( ), is an American chain of department stores and online retailer founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail-order catalog company migrating to opening retail locations in 1925, the first in Chicago. Through the 1980s, Sears was the largest retailer in the United States. In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. In 2018, it was the 31st-largest. After several years of declining sales, Sears' parent company filed for Chapter 11 bankruptcy on October 15, 2018. It announced on January 16, 2019, that it had won its bankruptcy auction, and that a reduced number of 425 stores would remain open, including 223 Sears stores. Sears was based in the Sears Tower in Chicago from 1973 until moving out to Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whirlpool Corporation
Whirlpool Corporation is an American multinational corporation, multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally. The company markets its namesake flagship brand Whirlpool alongside other brands including Maytag, KitchenAid, JennAir, Amana Corporation, Amana, Gladiator GarageWorks, John Inglis and Company, Inglis, Estate, Brastemp, Bauknecht (company), Bauknecht, Ignis, Indesit, Consul, and, in Europe, Hotpoint (in the Americas, the Hotpoint brand is controlled by Haier). In its domestic U.S. market, Whirlpool has eleven manufacturing facilities which employs about 15,000 workers. History Founding and first customers On November 11, 1911, Louis Upton (1886–1952), who worked as an insurance salesman, and his uncle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vacuum Cleaner
A vacuum cleaner, also known simply as a vacuum, is a device that uses suction, and often agitation, in order to remove dirt and other debris from carpets, hard floors, and other surfaces. The dirt is collected into a dust bag or a plastic bin. Vacuum cleaners, which are used in homes as well as in commercial settings, exist in a variety of sizes and types, including stick vacuums, handheld vacuums, upright vacuums, and canister vacuums. Specialized shop vacuums can be used to clean both solid debris and liquids. Name Although ''vacuum cleaner'' and the short form ''vacuum'' are neutral names, in some countries (UK, Ireland) '' hoover'' is used instead as a genericized trademark, and as a verb. The name comes from the Hoover Company, one of the first and most influential companies in the development of the device. In New Zealand, particularly the Southland, New Zealand, Southland region, it is sometimes called a ''lux'', likewise a genericized trademark and used as a verb. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Orleans
New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 United States census, 2020 census, it is the List of municipalities in Louisiana, most populous city in Louisiana and the French Louisiana region, the second-most populous in the Deep South, and the twelfth-most populous in the Southeastern United States. The city is coextensive with Orleans Parish, Louisiana, Orleans Parish. New Orleans serves as a major port and a commercial hub for the broader Gulf Coast of the United States, Gulf Coast region. The New Orleans metropolitan area has a population of approximately 1 million, making it the most populous metropolitan area in Louisiana and the List of metropolitan statistical areas, 59th-most populous in the United States. New Orleans is world-renowned for Music of New Orleans, its distincti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
