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Pratt-Read Aircraft
Pratt-Read is an American manufacturing company based in Sycamore, Illinois, that produces screwdrivers. It is a subsidiary of Ideal Industries. Founded in 1798, it is one of the oldest companies in the United States. History Pratt-Read was founded in Ivoryton, Connecticut, in 1798 as Pratt, Read & Company, originally producing beads, buttons, and billiard balls from elephant tusks imported from Africa. The company began to specialize in manufacturing ivory piano keys in 1839 and eventually piano action mechanisms. The company made its first screwdrivers in 1834 but stopped in 1840, instead selling the handles and blades to smaller companies made at the Pratt, Read and Company Factory Complex. During World War II, the company continued producing screwdriver blades and suspended production of piano parts to manufacture Waco CG-4 gliders for the military. The company built 956 of the fabric-covered wood and steel airframes. Piano part production continued after the war, b ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ...
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Waco CG-4
Waco ( ) is the county seat of McLennan County, Texas, United States. It is situated along the Brazos River and Interstate 35, I-35, halfway between Dallas and Austin, Texas, Austin. The city had a 2020 population of 138,486, making it the List of cities in Texas by population, 22nd-most populous city in the U.S. state, state. The 2021 U.S. Census population estimate for the city was 139,594. The Waco metropolitan area, Waco metropolitan statistical area consists of McLennan and Falls counties, which had a 2010 population of 234,906. Falls County was added to the Waco MSA in 2013. The 2021 U.S. census population estimate for the Waco metropolitan area was 280,428. History 1824–1865 Indigenous peoples occupied areas along the river for thousands of years. In historic times, the area of present-day Waco was occupied by the Wichita people, Wichita Native Americans of the United States, Indian tribe known as the "Waco tribe, Waco" (Spanish: ''Hueco'' or ''Huaco''). In 1824, Tho ...
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Musical Keyboard
A musical keyboard is the set of adjacent depressible levers or keys on a musical instrument. Keyboards typically contain keys for playing the twelve notes of the Western musical scale, with a combination of larger, longer keys and smaller, shorter keys that repeats at the interval of an octave. Pressing a key on the keyboard makes the instrument produce sounds—either by mechanically striking a string or tine ( acoustic and electric piano, clavichord), plucking a string (harpsichord), causing air to flow through a pipe organ, striking a bell (carillon), or, on electric and electronic keyboards, completing a circuit ( Hammond organ, digital piano, synthesizer). Since the most commonly encountered keyboard instrument is the piano, the keyboard layout is often referred to as the ''piano keyboard''. Description The twelve notes of the Western musical scale are laid out with the lowest note on the left. The longer keys (for the seven "natural" notes of the C major scale: C ...
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The Advocate (Stamford)
''The Advocate'' is a seven-day daily newspaper based in Stamford, Connecticut. The paper is owned and operated by Hearst Communications, a multinational corporate media conglomerate with $4 billion in revenues. ''The Advocate'' circulates in Stamford and the nearby southwestern Connecticut towns of Darien and New Canaan. The paper's headquarters moved in 2008 from downtown Stamford, across the street from the Stamford Government Center, to the Riverbend complex in the Springdale section of Stamford. Coverage In addition to the regular focus on local news, sports and business, ''The Advocate'' pays special attention to the workings of Metro-North Railroad, since many in southwestern Connecticut commute by train. ''The Advocate website was launched in 1999. In early 2007, the site started featuring message boards. History ''The Advocate'' has been called Stamford's oldest continuing business.Russell, Don. "The Advocate Has Historic Roots Here: Newspaper Is City's Oldest Emp ...
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Shelton, Connecticut
Shelton is a city in Fairfield County, Connecticut, United States. The population was 40,869 at the 2020 United States Census. History Origins Shelton was settled by the English as part of the town of Stratford, Connecticut, in 1639. On May 15, 1656, the Court of the Colony of Connecticut in Hartford affirmed that the town of Stratford included all of the territory inland from Long Island Sound, between the Housatonic River and the Fairfield town line. In 1662, Stratford selectmen Lt. Joseph Judson, Captain Joseph Hawley and John Minor had secured all the written deeds of transfer from the Golden Hill Paugussett Indian Nation for this vast territory that comprises the present-day towns of Trumbull, Shelton and Monroe. Shelton was split off from Stratford in 1789, as ''Huntington'' (named for Samuel Huntington). The current name originated in a manufacturing village started in the 1860s named for the Shelton Company founded by Edward N. Shelton—also founder of Ousatonic W ...
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Connecticut Post
The ''Connecticut Post'' is a daily newspaper located in Bridgeport, Connecticut. It serves Fairfield County and the Lower Naugatuck Valley. Municipalities in the Post's circulation area include Ansonia, Bridgeport, Darien, Derby, Easton, Fairfield, Milford, Monroe, New Canaan, Orange, Oxford, Redding, Ridgefield, Seymour, Shelton, Stratford, Trumbull, Weston, Westport and Wilton. The newspaper is owned and operated by the Hearst Corporation, a multinational corporate media conglomerate with $4 billion in revenues. The ''Connecticut Post'' also gains revenue by offering classified advertising for job hunters with minimal regulations and separate listings for products and services. The ''Post'' The paper has a weekday circulation of 53,866, a Saturday circulation of 41,768, and a Sunday circulation of 80,840, according to the Audit Bureau of Circulation, behind the ''Hartford Courant'' (264,539) and the ''New Haven Register'' (89,022). It is southwestern C ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants ...
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Chapter 11
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 to ...
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Klein Tools
Klein Tools is an American company based in Lincolnshire, IL that manufactures hand tools. The company is known for its popularity with workers in the electrical and telecommunications industries. Lineman's pliers in the past were often called "Kleins," an example of a genericized trademark. Klein's line-up contains more than 5,000 different tools, including 165 different types of pliers, in addition to screwdrivers, nut drivers, wire pulling and stripping tools, crimping tools, scissors, snips and shears, cable and bolt cutters, electrical test and measure, conduit benders, personal protective equipment, and tool bags. Klein produces a high-end line of tools under its Journeyman label. History Klein Tools was founded in 1857 in Chicago, Illinois by German immigrant Mathias Klein. The first tool Klein made was a pair of side-cutting pliers for a telegraph lineman. The company grew as the telegraph and eventually telephone and electrical industries grew after the Civil ...
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Danaher Corporation
Danaher Corporation is an American globally diversified conglomerate with its headquarters in Washington, D.C. The company designs, manufactures, and markets professional, medical, industrial, and commercial products and services. The company's 3 platforms are " Life Sciences", " Diagnostics", and "Environmental & Applied Solutions". Danaher is ranked 130th on the Fortune 500 2021. The company is named after Danaher Creek in Western Montana. Founders Steven M. Rales and Mitchell Rales first conceptualized the company while fishing there. Danaher was one of the first companies in North America to adopt " Kaizen" principles to manufacturing, which is a lean manufacturing Japanese philosophy of continuous improvement, and elimination of waste. History The company was organized in 1969 as a Massachusetts real estate investment trust under its former name DMG, Inc. In 1978, DMG, Inc. was reorganized as a Florida corporation and changed its name to Diversified Mortgage Invest ...
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Stanley Works
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware and provider of security products. Headquartered in the greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of Stanley Works and Black & Decker on March 12, 2010. History The Stanley Works came to existence as a direct result of the 1920 merger of Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and the Stanley Rule and Level Company, Enormously detailed model history of planes manufactured by Stanley. founded by Frederick's cousin, Henry Stanley, in 1857. During World War II, Stanley Works received the Army-Navy "E" Award for excellence in war production. In May 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided t ...
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