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Yale (company)
Yale is a lock manufacturer and a subsidiary of Assa Abloy, except in the United States and Canada where the brand has been owned by Fortune Brands Innovations since 2023. The global company is headquartered in Stockholm, Sweden. Its initial product was the Yale lock, invented by Linus Yale Sr., and it became the foundation of the enterprise founded by Linus Yale Jr. and Henry R. Towne. Its markets were initially in the United States, and expanded across the globe during the Industrial Revolution, with a workforce of over 12,000 employees. History Yale & Towne Manufacturing Co, 1897 In 1868, the business was established in Stamford, Connecticut, by Henry R. Towne and Linus Yale Sr., an inventor renowned for creating the pin tumbler lock. Initially known as Yale Lock Manufacturing Co., the company later adopted the name Yale & Towne, with its base in Newport, New York. Between 1843 and 1857, Yale secured eight patents, encompassing items like the pin tumbler safe lock ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pin Tumbler Lock
The pin tumbler lock, also known as the Yale lock after the inventor of the modern version, is a lock mechanism that uses pins of varying lengths to prevent the lock from opening without the correct key. Pin tumblers are most commonly employed in cylinder locks, but may also be found in tubular pin tumbler locks (also known as radial locks or ace locks). History The first known example of a tumbler lock was found in the ruins of the Palace of Khorsabad built by king Sargon II (721–705 BC.) in Iraq.James, Peter, and I. J. Thorpe. Ancient Inventions. New York: Ballantine, 1994. Basic principles of the pin tumbler lock may date as far back as 2000 BC in Egypt; the lock consisted of a wooden post affixed to the door and a horizontal bolt that slid into the post. The bolt had vertical openings into which a set of pins fitted. These could be lifted, using a key, to a sufficient height to allow the bolt to move and unlock the door. This wooden lock was one of Egy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chrysler Building
The Chrysler Building is a , Art Deco skyscraper in the East Midtown neighborhood of Manhattan, New York City, United States. Located at the intersection of 42nd Street and Lexington Avenue, it is the tallest brick building in the world with a steel framework. It was both the world's first supertall skyscraper and the world's tallest building for 11 months after its completion in 1930. , the Chrysler is the 12th-tallest building in the city, tied with The New York Times Building. Originally a project of real estate developer and former New York State Senator William H. Reynolds, the building was commissioned by Walter Chrysler, the head of the Chrysler Corporation. The construction of the Chrysler Building, an early skyscraper, was characterized by a competition with 40 Wall Street and the Empire State Building to become the world's tallest building. The Chrysler Building was designed and funded by Walter Chrysler personally as a real estate investment for his childr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster and Yale brand names. It was spun off from NACCO Industries in 2012, but had been running as a standalone company within NACCO since 2002. Subsidiaries of Hyster-Yale Group include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel-cell stacks and related systems, on-site hydrogen production and dispensing systems, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables under the Bolzoni Auramo and Meyer brand names. Hyster-Yale Materials Handling was listed as a Fortune 1000 company in 2014, 2015 and 2016. History The company's origins are in the Hyster Company and the Yale Materials Handling Corporation, the latter of which started off as part of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forklift
A forklift (also called industrial truck, lift truck, jitney, hi-lo, fork truck, fork hoist, and forklift truck) is a powered industrial truck used to lift and move materials over short distances. The forklift was developed in the early 20th century by various companies, including Clark Material Handling Company, Clark, which made Transmission (mechanics), transmissions, and Yale Materials Handling Corporation, Yale & Towne Manufacturing, which made Hoist (device), hoists. Since World War II, the development and use of the forklift truck has greatly expanded worldwide. Forklifts have become an indispensable piece of equipment in manufacturing and warehousing. In 2013, the top 20 manufacturers worldwide posted sales of $30.4 billion, with 944,405 machines sold. History Developments from the middle of the 19th century to the early 20th century led to today's modern forklifts. The forerunners of the modern forklift were manually powered hoists to lift loads. In 1906, the Penns ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Chamber Of Commerce
The United States Chamber of Commerce (USCC) is a business association advocacy group and is the largest lobbying group in the United States. The group was founded in April 1912 out of local chambers of commerce at the urging of President William Howard Taft and his Secretary of Commerce and Labor Charles Nagel. President Taft's belief was that the "government needed to deal with a group that could speak with authority for the interests of business." The U.S. Chamber of Commerce claims to represent three million small business owners, but this claim is disputed because the organization is funded primarily by the largest corporations in the United States. The current president and CEO of the Chamber is Suzanne Clark. She worked for the group from 1997 to 2007 and returned in 2014, holding multiple executive roles before being named its first female CEO in February 2021. History The U.S. Chamber of Commerce was founded at a meeting of delegates on April 22, 1912. An importan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schuyler Merritt
Schuyler Merritt (December 16, 1853 – April 1, 1953) was a Republican member of the United States House of Representatives from Connecticut's 4th congressional district from 1917 to 1931 and 1933 to 1937. He is the namesake of the Merritt Parkway. Early life He was born in New York City, in 1853, the son of Matthew Franklin Merritt (1815–1896), a Connecticut State Senator, and Mariah Shaw Merritt. His father had also served in the Connecticut General Assembly. He moved with his parents to Stamford, Connecticut, in 1855. His maternal grandmother, Clarissa Hoyt, was descended from the original Hoyts who purchased Noroton Hill more than 300 years before. Schuyler prepared for college at private schools in that city and graduated from Yale College in 1873 and from Columbia Law School in 1876. Career In 1877, after graduation from Columbia Law, he joined Yale & Towne Manufacturing Company in the manufacture of locks and keys as an office assistant. He eventually rose to b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albert Russel Erskine
Albert Russel Erskine (January 24, 1871 – July 1, 1933) was an American businessman. Born in Huntsville, Alabama, he worked in a number of manufacturing industries before joining the Studebaker motor car manufacturing firm in 1911. He served as Studebaker's president from 1915 until the firm encountered severe financial problems in 1933, when he committed suicide. Career with Studebaker During his long term as Studebaker's president, he encouraged the firm towards the production of small, sporty but economical cars on the European model, in particular the Erskine and Rockne series. He also published a history of the firm, in 1918.Erskine, A. R''History of the Studebaker Corporation'' South Bend 1918 Downfall and death His downfall lay in his failure to cut production and costs quickly in response to the slump of 1929 and 1930, which led to an insurmountable cashflow crisis. In 1930, he had declared a dividend of $7,800,000 which was five times the actual net profits of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Studebaker
Studebaker was an American wagon and automobile manufacturer based in South Bend, Indiana, with a building at 1600 Broadway, Times Square, Midtown Manhattan, New York City. Founded in 1852 and incorporated in 1868 as the Studebaker Brothers Manufacturing Company, the firm was originally a coachbuilder, manufacturing wagons, buggies, carriages and harnesses. Studebaker entered the automotive business in 1902 with electric vehicles and in 1904 with gasoline vehicles, all sold under the name "Studebaker Automobile Company". Until 1911, its automotive division operated in partnership with the Arthur Lovett Garford, Garford Company of Elyria, Ohio, and after 1909 with the E-M-F Company and with the Flanders (automobile company), Flanders Automobile Company. The first gasoline automobiles to be fully manufactured by Studebaker were marketed in August 1912. Over the next 50 years, the company established a reputation for quality, durability and reliability. After an unsuccessful 1954 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of United States cities by population, third-most populous city in the United States after New York City and Los Angeles. As the county seat, seat of Cook County, Illinois, Cook County, the List of the most populous counties in the United States, second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area, often colloquially called "Chicagoland" and home to 9.6 million residents. Located on the shore of Lake Michigan, Chicago was incorporated as a city in 1837 near a Chicago Portage, portage between the Great Lakes and the Mississippi River, Mississippi River watershed. It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeastern United States. It has an area of and a population of 675,647 as of the 2020 United States census, 2020 census, making it the third-largest city in the Northeastern United States after New York City and Philadelphia. The larger Greater Boston metropolitan statistical area has a population of 4.9 million as of 2023, making it the largest metropolitan area in New England and the Metropolitan statistical area, eleventh-largest in the United States. Boston was founded on Shawmut Peninsula in 1630 by English Puritans, Puritan settlers, who named the city after the market town of Boston, Lincolnshire in England. During the American Revolution and American Revolutionary War, Revolutionary War, Boston was home to several seminal events, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
