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Stephens Inc.
Stephens Inc. is a privately held, independent financial services firm headquartered in Little Rock, Arkansas. As one of the largest privately owned investment banks in the United States, Stephens has 28 offices worldwide and employs more than 1,200 people. Warren A. Stephens is chairman, president and chief executive officer of Stephens Inc. Founding and early history In 1933, Witt Stephens founded W.R. Stephens Investments to trade Arkansas Highway bonds, which at the time were selling for as low as pennies on the dollar. By the time the bonds paid off at par in the early 1940s, Stephens had gained a reputation for municipal bond expertise and providing sound financial counseling. In 1946, upon graduation from the U.S. Naval Academy, Jackson T. "Jack" Stephens joined his brother, and, with a handshake, the two brothers formed Stephens, Inc., and a partnership that lasted more than 45 years. The two brothers quickly began a series of acquisitions that would become a catalyst for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Warren Stephens
Warren Amerine Stephens (born February 18, 1957) is an American businessman. He is the chairman, president and chief executive officer (CEO) of Stephens Inc., a privately held investment bank. Stephens lives in Little Rock, Arkansas. Early life and education Stephens was born in Little Rock, the son of Jackson T. Stephens and Mary Amerine Stephens. Warren's father, "Jack" Stephens, and his uncle, "Witt" Stephens, partnered as investors and financiers in the investment firm, Stephens Inc. Warren began his education in Little Rock, and in 1975, graduated from Trinity Presbyterian High School in Montgomery, Alabama. He graduated from Washington and Lee University in 1979 with a BA in Economics, and received his MBA from Wake Forest University in 1981. Career Stephens joined his father and uncle in the investment banking business in Little Rock, which had 139 employees. At that time, the firm resembled and operated much like one of the old British merchant banks, investin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Banks Established In 1933
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Economy Of The Southeastern United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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1933 Establishments In Arkansas
Events January * January 11 – Sir Charles Kingsford Smith makes the first commercial flight between Australia and New Zealand. * January 17 – The United States Congress votes in favour of Philippines independence, against the wishes of U.S. President Herbert Hoover. * January 28 – "Pakistan Declaration": Choudhry Rahmat Ali publishes (in Cambridge, UK) a pamphlet entitled ''Now or Never; Are We to Live or Perish Forever?'', in which he calls for the creation of a Muslim state in northwest India that he calls "Pakistan, Pakstan"; this influences the Pakistan Movement. * January 30 ** National Socialist German Workers Party leader Adolf Hitler is appointed Chancellor of Germany (German Reich), Chancellor of Germany by President of Germany Paul von Hindenburg. ** Édouard Daladier forms a government in France in succession to Joseph Paul-Boncour. He is succeeded on October 26 by Albert Sarraut and on November 26 by Camille Chautemps. February * February 1 – A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Companies Based In Little Rock, Arkansas
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Investment Banks In The United States
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Halifax Media Group
Halifax Media Group was an American newspaper company owning more than 30 newspapers in five Southeastern U.S. States. It was founded on March 31, 2010 when a group of investors purchased ''The Daytona Beach News-Journal'' from the Davidson family, who had owned it for 82 years. On December 27, 2011, The New York Times Company announced it was selling its Regional Media Group to Halifax Media Group. On June 1, 2012, Halifax announced it was acquiring the Florida and North Carolina papers of Freedom Communications. In 2013, Halifax acquired three newspapers from HarborPoint Media: the ''Daily Commercial'' of Leesburg, Florida, the ''South Lake Press'' in Clermont, Florida and ''News-Sun'' of Sebring, Florida.Daytona Beach - Halifax Media Group November 2013 Florida Trend page 42 In 2014, Halifax acquired the ''Telegram & Gazette'' of Worcester, Massachusetts. In November 2014, New Media Investment Group announced its acquisition of Halifax. The company was created with the ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned ''Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark County ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Stephens Media (newspapers)
Stephens Media LLC was a Las Vegas, Nevada, diversified media investment company. It owned stakes in the California Newspapers Partnership and the ''Northwest Arkansas Democrat Gazette''. The company had been expanding its interactive Internet business, operating online sites for its newspapers and portal sites like LasVegas.com, which is licensed to Greenspun Media Group. The company is also a partner in the California Newspapers Partnership with MediaNews and Gannett. The company also formed Northwest Arkansas Newspapers LLC in November 2009, a joint venture with WEHCO Media Inc., in Arkansas. On November 28, 2010, Stephens Media Iowa, LLC, a subsidiary of Stephens Media, acquired several newspapers, including the ''Ames Tribune'', ''Boone News-Republican'', ''Dallas County News'', ''Nevada Journal'', ''Ames About People & Advertiser'', ''Tri-County Times'', and ''Algona Upper Des Moines'' from Midlands Newspapers Inc., a subsidiary of the Omaha World-Herald Company. In Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Viking Range Corporation
Viking Range Corporation is an American appliance company that manufactures kitchen appliances for residential and commercial use, and is not to be confused with the "house brand" of appliances from the Canadian department store Eaton's which went bankrupt in 1999, and which also used the name "Viking". Viking originated the "professional" segment of kitchen appliances with its introduction of the first professional-grade range for home use in 1987. Today the company offers three complete lines of premium appliances including cooking, ventilation, kitchen clean-up and refrigeration, as well as various outdoor appliances. In addition to their "Professional" and less expensive "Designer" series, Viking's latest offering is their new "Commercial" line of kitchen appliances for use in restaurant and other commercial kitchens. Headquartered on historic Cotton Row in downtown Greenwood, Mississippi, Viking Range employs more than 1,000 people at four manufacturing facilities in Leflore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |