A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Over time, companies have evolved to have following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation.
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The Oregon Iron Company was an iron smelting company located in what is now Lake Oswego, Oregon. The company was established in 1865, and in 1867, became the first company west of the Rocky Mountains in the United States to smelt iron. The company failed after a few years, but was reorganized as the Oswego Iron Company in 1878, and again as the Oregon Iron and Steel Company in 1883. With the addition of a larger furnace, the last incarnation of the company prospered, reaching peak production in 1890. By 1894, however, pressure from cheaper imported iron combined with the effects of the Panic of 1893 forced the company to close its smelter. The company continued to operate a pipe foundry until 1928, and until the early 1960s, existed as a land management company, selling its real estate holdings which expanded the city of Lake Oswego. (Full article...)
Image 7The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
Image 830 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
The abbreviation S.A. or SA, for the French Société Anonyme designates a type of limited company in certain countries, most of which have a Romance language as their official language and operates a derivative of the 1804, Napoleonic, civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were paid to whomever held the certificate. Since share certificates could be transferred privately, corporate management would not necessarily know who owned its shares – nor did anyone but the holders.
As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company to obscure the beneficiary. (Full article...)
Ferruccio Lamborghini (1916–1993), an Italian manufacturing magnate, founded Automobili Ferruccio Lamborghini S.p.A. in 1963 to compete with Ferrari. The company was noted for using a rear mid-engine, rear-wheel drive layout. Lamborghini grew rapidly during its first decade, but sales plunged in the wake of the 1973 worldwide financial downturn and the oil crisis. The firm's ownership changed three times after 1973, including a bankruptcy in 1978. American Chrysler Corporation took control of Lamborghini in 1987 and sold it to Malaysian investment group Mycom Setdco and Indonesian group V'Power Corporation in 1994. In 1998, Mycom Setdco and V'Power sold Lamborghini to the Volkswagen Group where it was placed under the control of the group's Audi division.
New products and model lines were introduced to the brand's portfolio and brought to the market and saw an increased productivity for the brand. In the late 2000s, during the worldwide financial crisis and the subsequent economic crisis, Lamborghini's sales saw a drop of nearly 50 per cent. (Full article...)
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