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International Business Machines (IBM) is a multinational corporation specializing in computer technology and information technology consulting. Headquartered in Armonk, New York, the company originated from the amalgamation of various enterprises dedicated to automating routine business transactions, notably pioneering punched card-based data tabulating machines and time clocks.
1995: Company reaches one million users. 1996 : America Online ditches its original pay-per-hour pay system in favor of a flat, $19.95 monthly fee, effectively beginning the modern internet era .
1912. General Electric begins using phenolic resins to mold plastic parts [5] 1913. Charles A. Coffin becomes the first Chairman of General Electric. 1913. Edwin Rice becomes President, replacing Charles A. Coffin. 1917. General Electric acquires synchronous electric clock manufacturer Telechron. 1918.
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. [4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. [5]
Corporate history. A corporate history is a historical account of a business or other co-operative organization. Usually it is produced in written format but it can also be published as audio or audiovisually. Thousands of companies across the industrialized world have recorded their histories, albeit in their own unique ways – from ...
In May 2020, the company cut 12,000 jobs due to the drop in air travel during the COVID-19 pandemic. [150] In July 2020, Boeing reported a loss of $2.4 billion as a result of the pandemic and grounding of the 737 MAX aircraft. [151] As a result of the profit loss, the company announced that it is planning to do more job and production cuts. [152]
Gerard Philips (1858–1942), founder. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel, financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892.
History of McDonald's. The American fast-food restaurant chain McDonald's was founded in 1940 by the McDonald brothers, Richard and Maurice, and has since grown to the world's largest restaurant chain by revenue. [1] The McDonald brothers began the business in San Bernardino, California where the brothers set out to sell their barbecue.
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