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Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ...
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Google
Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). It has been referred to as "the most powerful company in the world" by the BBC and is one of the world's List of most valuable brands, most valuable brands. Google's parent company, Alphabet Inc., is one of the five Big Tech companies alongside Amazon (company), Amazon, Apple Inc., Apple, Meta Platforms, Meta, and Microsoft. Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin. Together, they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public company, public via an initial public offering (IPO) in 2004. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc. Go ...
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Houlihan's
Houlihan's is an American casual restaurant and bar chain with locations operating throughout the country, 60% of which are franchised. It is headquartered in Leawood, Kansas. The first Houlihan's opened on April 1, 1972, in Kansas City's Country Club Plaza, and there are now 35 restaurants in 15 states. It was originally named Houlihan's Old Place because it was first located in the space of Houlihans Clothing Store. Houlihan's is privately owned by Fertitta Entertainment, who bought HRI, a company that developed and owned several restaurant concepts including Bristol Seafood Grill, Devon Seafood Grill, and J. Gilbert's Wood-Fired Steaks. History Paul Robinson met Joe Gilbert in 1961. At that time Robinson was manager of the Golden Ox restaurant in Kansas City's West Bottoms (and creator of Inn at the Landing, which opened in 1960 at the Landing shopping center at 63rd and Troost) and Gilbert was the creator of the Four Winds restaurant at the Kansas City downtown airport. ...
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Avaya
Avaya LLC(), formerly Avaya Inc., is an American multinational technology company headquartered in Morristown, New Jersey, that provides cloud communications and workstream collaboration services. The company's platform includes unified communications and contact center services. In 2019, the company provided services to 220,000 customer locations in 190 countries. History In 1995, AT&T Corporation renamed their subsidiary AT&T Technologies to Lucent Technologies and spun it off in 1996. Lucent subsequently spun off units of its own in an attempt to restructure its struggling operations. Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia Nokia Corporation is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporation, originally establish ...
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Extreme Networks
Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls. History Extreme Networks was established by co-founders Gordon Stitt, Herb Schneider, and Stephen Haddock in 1996 in California, United States, with its first offices located in Cupertino, which later moved to Santa Clara, and later to San Jose. Early investors included Norwest Venture Partners, AVI Capital Management, Trinity Ventures, and Kleiner Perkins Caufield & Byers. Gordon Stitt was a co-founder and served as chief executive officer until August 2006, when he retired and became chairman of the board of directors. The initial public offering in April 1999 was listed on the NASDAQ stock exchange as ticker "EXTR." In April 2013, Charles W. Berger (from ParAccel as it was acq ...
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Chapter 11 Bankruptcy Protection
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 t ...
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Gawker Media
Gawker Media LLC (formerly Blogwire, Inc. and Gawker Media, Inc.) was an American internet media company and Link farm#Blog network, blog network. It was founded by Nick Denton in October 2003 as Blogwire, and was based in New York City. Incorporated in the Cayman Islands, as of 2012, Gawker Media was the Holding company, parent company for seven different weblogs and many subsites under them: ''Gawker, Gawker.com'', ''Deadspin'', ''Lifehacker'', ''Gizmodo'', ''Kotaku'', ''Jalopnik'', and ''Jezebel (website), Jezebel''. All Gawker articles are licensed on a Creative Commons attribution-noncommercial license. In 2004, the company renamed from Blogwire, Inc. to Gawker Media, Inc., and to Gawker Media LLC shortly after. On June 10, 2016, the company filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection after damages of $140 million were awarded against the company as a result of the Hulk Hogan Bollea v. Gawker, sex tape lawsuit. On August 16, 2016, all ...
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Ziff Davis
Ziff Davis, Inc. is an American digital media and internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, internet connectivity services, gaming and entertainment brands, and cybersecurity and martech (marketing technology) tools. Previously, the company was predominantly a publisher of hobbyist magazines. History The company was founded by William B. Ziff Company publisher Bill Ziff Sr. with Bernard Davis. Upon Bill Ziff's death in 1953, William B. Ziff Jr., his son, returned from Germany to lead the company. In 1958, Bernard Davis sold Ziff Jr. his share of Ziff Davis to found Davis Publications, Inc.; Ziff Davis continued to use the Davis surname as Ziff-Davis. Throughout most of Ziff Davis' history, it was a publisher of hobbyist magazines, often ones devoted to expensive, advertiser-rich technical hobbies such as cars, photograp ...
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Brother Industries
is a Japanese multinational corporation, multinational electronics and electrical equipment company headquartered in Nagoya, Japan. Its products include Printer (computing), printers, multifunction printers, desktop computers, consumer and industrial sewing machines, large machine tools, label printers, typewriters, fax machines, and other computer-related electronics. Brother distributes its products both under its own name and under OEM agreements with other companies. History Brother's history began in 1908 when it was originally called Yasui Sewing Machine Co in Nagoya, Japan. The company name derives from an early sewing machine model, the Brother, which itself was named for the Yasui brothers, Masayoshi and Jitsuichi. In 1955, Brother International Corporation (US) was established as their first overseas sales affiliate. In 1958 a European regional sales company was established in Dublin. The corporate name was changed to Brother Industries, Ltd. in 1962. Brother entered ...
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Eastman Kodak
The Eastman Kodak Company, referred to simply as Kodak (), is an American public company that produces various products related to its historic basis in film photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey. It is best known for photographic film products, which it brought to a mass market for the first time. Kodak began as a partnership between George Eastman and Henry A. Strong to develop a film roll camera. After the release of the Kodak camera, Eastman Kodak was incorporated on May 23, 1892. Under Eastman's direction, the company became one of the world's largest film and camera manufacturers, and also developed a model of welfare capitalism and a close relationship with the city of Rochester. During most of the 20th century, Kodak held a dominant position in photographic film, and produced a number of technological innovations through heavy investment in research and development at Kodak Research Laboratories. Kodak produc ...
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Environmental Performance Vehicles
Environmental Performance Vehicles (EPV), previously DesignLine Corporation, is a manufacturer of coach, electric and range-extended electric (hybrid) buses. It was founded in Ashburton, New Zealand in 1985. Initially it was a manufacturer of tour coaches. In the 1990s it diversified into conventional transit buses and then added hybrid city buses in the late 1990s. It was acquired by American interests in 2006, and DesignLine Corporation's headquarters was relocated to Charlotte, North Carolina. Following a bankruptcy in 2013, the assets of DesignLine were sold and the company was renamed. EPV is no longer affiliated with the DesignLine operations in New Zealand, which was placed in liquidation in 2011 and then sold to a Malaysian-controlled joint business venture who operate it under the name DesignLine Bus Pacific, which was renamed Global Bus Ventures (NZ) on 30 May 2016. Bankruptcy As DesignLine, it filed for protection under chapter 11 of the United States Bankruptcy Co ...
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Hostess Brands
Hostess Brands Inc. is an American bakery company formed in 2013. Its main operating subsidiaries are Hostess Brands, LLC, and Voortman Cookies Limited. The company owns several bakeries in the United States that produce snack cakes under the Hostess and Dolly Madison brand names and its Canadian subsidiary, Voortman Cookies Ltd., produces wafers and cookies under the Voortman brand name. It is headquartered in Lenexa within Johnson County, Kansas. The J.M. Smucker Company agreed to acquire Hostess Brands for $5.6 billion in a cash and stock deal on September 11, 2023. The purchase was completed in November. History The Hostess Brands company formed in June 2013, having started as a venture by Apollo Global Management and C. Dean Metropoulos and Company, to acquire assets from Old HB, the company formerly known as Interstate Bakeries and Hostess Brands Inc. Apollo and Metropoulos purchased certain cake business assets of Old HB – which had filed for Chapter 11 bankruptcy ...
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