December 20, 2013
by The Mug
Researchers from the North Carolina State University founded Cree Inc. in 1987. The business thrives in the electronics industry as a manufacturer of semiconductor light-emitting diode (LED) materials and devices.
The company is headquartered in Durham, North Carolina and competes with businesses like GE Lumination, Seoul Semiconductor, Epistar, Everlight Electronics, Philips Lumileds and Nichia Corporation. The company’s first consumer product was the bulbs that are marketed exclusively by Home Depot. Just last October 2013, the company announced that two of its LED bulbs qualified for the Energy Star rating by the United States Environmental Protection. This rating made the business qualify for a $5 at-the-register rebate from various utility companies. They also announced the release of XLamp XT-E, which according to them is capable of delivering twice as much light as those older LEDs for the same cost.
Cree Inc. has a subsidiary in Hong Kong, the Cree Asia-Pacific Ltd. Two years after the business opened in 2005, they acquired Cotco Luminant Device Ltd, a supplier of high brightness LEDs in China.
December 17, 2013
by The Mug
Considered as the largest corrections company in the United States, Corrections Corp of America owns and manages prisons and detention centers and even operates several others on a concession basis. There are about 67 correctional facilities with a total of 92,500 beds that the business runs.
Businessmen Tom Beasley, Doctor Robert Crants and T. Don Hutto founded the business on January 28, 1983. These three business partners have experience in both the government and corrections. Their first facility was the Houston Processing Center which was contracted by the U.S. Department of Justice for the Bureau of Immigration and Customs Enforcement. It was in 1984 that this facility opened and was operational for those individuals who are awaiting a decision on their immigration case.
The company was also the one who took over the Tall Trees non-secure juvenile facility in 1984. This was contracted by the Juvenile Court of Memphis and Shelby County. These facilities were soon followed by several other correctional and detention facilities. Not only does CCA owns and operates facilities, they also get contracts to design and build facilities for the Immigration and Customs Enforcement, Federal Bureau of Prisons, the United States Marshalls Service and various facilities across the country.
The company received several recognitions for their commitment to the community it serves. On four separate occasions, the company was named as one of the “Top 50 Military Friendly Jobs” by GI Jobs. This citation is on top of their highlight they received as a solid employer for veterans. 90% of their facilities are also accredited by the American Correctional Association (ACA). There is a total of 60 prisons across the country that the company operates. To back their operations, they currently employ 17,000 individuals nationwide.
As part of their offerings, they include a variety of rehabilitation and educational programs that span from substance abuse treatment to support group (Alcoholic Anonymous/Narcotics Anonymous) to life skills lessons and employment readiness.
December 13, 2013
by The Mug
Electronics Supply & Manufacturing magazine recognizes the probability of Avnet Inc. of being the world’s largest franchised distributor of subsystems and electronic components. The company is categorized as a technology business-to-business distributor of electronic components, embedded technology and computer products globally.
For five straight years, the company has been ranked 1st in the industry by Fortune Magazine’s “Most Admired Companies.” Supported by the company’s global infrastructure, their product and marketing strategies are driven by analyzed market needs and trends. The business is divided into three segments namely: Avnet Electronics Marketing, Avnet Logistics and Avnet Technology Solutions. It was Charles Avnet, a Russian immigrant who started the business in 1921. What started out as a small buy and sell business of radio parts has turned into a billion dollar enterprise that operates 50 centers in more than 34 countries.
The business keeps their headquarters in Phoenix, Arizona and partners with various suppliers like Intel, Xilinx, Texas Instruments and Seoul Semiconductor. For 53 years and running, the company has been publicly traded on the New York Stock Exchange.
December 10, 2013
by The Mug
Operating thirteen offshore oil and gas drilling rigs, Atwood Oceanics Inc. participates in various drilling in exploratory regions around the world. The company together with Atwood Oceanics Pacific Limited (A.O.P.L.) and other subsidiaries make up the Atwood Group.
Safety, reliability and efficient drilling services serve as the trademarks of the company that started out in 1968. The company maintains offices in five continents and has their assets stationed to the leading worldwide offshore hydrocarbon basins. The business found growth in constructing high-specification rigs that ensures their position in a successful future. Their technology, passion and their drive to make their partners succeed is backed by their 1200 employees that are multinational in ethnicity.
Headquartered in Houston, Texas, the company keeps their drill operations in the Black Sea, the Red Sea, Persian Gulf, East and West Africa, Australia, Asia, China, Far East, Papua New Guinea, China, Gulf of Mexico, Central and South America, India and in the Mediterranean Sea. They also have offices Malta, Egypt, Malaysia, Australia and in the United Kingdom. They take pride in their newly commissioned 400-foot jackups: Atwood Mako and Atwood Manta (2012) and Atwood Orca (2013). They are also constructing four major rigs that will all be completed and operational by 2015.
For more than 40 years of operations, the business has indeed established their footing as a premier offshore drilling contractor. They have found growth through their fleet expansion and transformation programs. Over the years the Atwood has received various awards and citations. The company’s focus on health, safety and the environment didn’t go unnoticed as they have received accolades from ExxonMobil and the British Gas’ Chairman’s Award.
Their progress and their contributions to the industry have also been given awards. In 2012, they were named “Best Small Company” by Forbes for six years running. Fortune Magazine also listed the company as one of the 100 Fastest Growing U.S. Companies.
December 6, 2013
by The Mug
In the fall of 1873 Zion’s Savings Bank and Trust Company was founded by Brigham Young. This company will soon become the predecessor of Zions Bancorp. That time was also the early days of the Mormon settlement of Utah.
In 1960, Keystone Insurance and Investment Company bought a majority stake in Zions from The Church of Jesus Christ of Latter-day Saints. They changed the name of the business to Zions Utah Bancorporation and over time, they shortened the name to Zions Bancorporation to show the presence of the company in other states. As a holding company headquartered in Salt Lake City, Zions Bancorp has several subsidiaries including Nevada State Bank, the Commerce Bank of Oregon, Amegy Bank of Texas, California Bank & Trust, the Commerce Bank of Washington, Vectra Bank Colorado, Zions First National bank, Zions Credit Corporation, Zions Bank Capital Markets and Zions Agricultural Finance.
The company started offering their common stock to the public on January 1966. By June 2008, the company was reported to have total assets of $54.6 billion and nearly 11,000 employees supporting the operations.
December 3, 2013
by The Mug
The name Xylem is derived from classical Greek. It refers to the plant tissues that help transport water and nutrients from its roots to its leaves. The company’s business revolves around water, from its transportation to testing, from treatment to its usage as public utility, commercial, agricultural, industrial and residential settings.
The business is fairly new and was formed in 2011 from the spin-off of the water-related venture of ITT Corporation. Though the company is new, it is capable of generating revenues of $3.8 billion from its businesses conducted in more than 150 countries. It has three major business units – Water Solutions, Applied Water Systems and Analytics. They have a total of 37 brands that geared towards customizing the service they provide depending on the industry need.
Among the industries the business supports are government agencies, food and beverage, agricultural, commercial, environmental, public utilities, residential and industrial. Their products include analytical instrumentation, controllers, lighting and ventilation, pumps and accessories and water and waste water treatment solutions.
Though the conglomerate is new, one of its oldest product brands began in 1848. Goulds Pumps started out as Downs & Company and was responsible in the assembly of the world’s first all-metal pump in 1849. The company has been renamed several times until it was purchased by ITT Industries in 1997. Goulds now functions under the umbrella of Xylem Inc. and manufactures pumps for residential, agricultural applications and commercial use.
Two other known brand names of the business are Flygt and YSI. The former is in the manufacturing of dry and submersible pumps, mixers and intelligent control systems while the latter is a developer and manufacturer of sensors, software, data collection platform and instrument for environmental testing and water quality monitoring.
Xylem Inc. is devoted to the development of technology and solutions to address global water issues and advocate smart use of water. Their vision revolves around a future where water issues no longer exist.
November 29, 2013
by The Mug
Though Weyerhaeuser is known for timberlands, the business is considered a real estate investment trust. The venture has divided their operations into four major segments: Real Estate, Timberlands, Wood Products and Pulp and Paper.
With more than 110 years of history, the company has always looked up to the trees as its main inspiration. The vitality, strength and unlimited potential of Mother Nature’s gifts continually guide the business to create imaginative and sustainable solutions to the challenges of the world. It was in January 1900 that Frederick Weyerhaeuser founded the company as Weyerhaeuser Timber Company. It started with three employees, a small office in Tacoma, Washington and 900,000 acres of timberland. The company now has control over 6 million acres of timberlands that are primarily in the United States and manages another 14 million in Canada.
The business is known for creating single-family homes and is one of the largest manufacturers of wood and cellulose fibers products.
November 26, 2013
by The Mug
There are 5,700 professionals that Waters Corporation currently employs. The business has major operations in the United States, Ireland, England and in Singapore. The venture is a publicly traded company that is in the manufacturing and distribution of laboratory analytical instruments and software.
Water Corporation’s history started in an office in the basement of a police station in Framingham, Massachusetts. It was in 1958 that James Logan Waters founded the business. The company started as Waters Associates and was referred to as a research boutique back then. Various companies would contact their trade and would request them to create a one-of-a-kind instrument for various purposes. Some of its early products include a balloon hydrometer, a nerve gas detector, boiler feedwater flame photometer, a lab refractometer and process control refractometers. The company’s major break came from the purchase of Dow Chemical. The latter purchased their first gel permeation chromatography instrument.
The market areas of the company include microcalorimetry, rheometry, supercritical fluid chromatography, mass spectrometry, laboratory informatics and liquid chromatography. Their operation is divided into two major segments, namely: Water Division and TA Instruments. The former mainly supports spectrometry and liquid chromatography technologies and the latter is into thermal analysis technologies. Their products are being marketed in over 50 countries while they maintain operations in 27 nations including 11 manufacturing facilities.
The business started as a self-financed venture with proceeds from an earlier sale. By the time James Waters opened his company to the public in 1962 and after their first major break with Dow Chemicals, the latter already attained 25% ownership of the business. As of, the company’s major source of revenue is the life science market. This niche includes emerging sciences of genomics, drug development and quality control, drug discovery, proteomics and biopharmaceuticals.
Some of the company’s main products include Xevo Mass Spectrometry Systems, ACQUITY UPC2 Systems, ACQUITY UPLC Systems, HPLC Systems and Oasis Sample Preparation Products.
November 22, 2013
by The Mug
The world’s largest broadline food distributor is headquartered in the Energy Corridor district of Houston, Texas. It bears the brand name Sysco Corp and is involved in the marketing and distribution of food products to various establishments including healthcare and educational facilities, hotels and inns, restaurants, and several other food service and hospitality businesses.
The brand name is an acronym that stands for Systems and Services Company. In addition to their food distribution and marketing services, they also have their managing consulting arm which is also an integral part of the business. Sysco has a total of 170 facilities that are scattered across the United States and Canada. They have over 400,000 clients in various fields of interest. The company just recently expanded their offerings to Ireland through the acquisition of a local food distribution firm in the country.
Founded in 1996, the business has been ranked as the 7th largest Fortune Company in Texas and the 55th largest in the United States based on revenue. In 2009 the company was also listed as the 204th largest in the world based on sales volume.
November 19, 2013
by The Mug
As a financial services holding company, State Street Corp or simply State Street holds various offices in major financial centers around the world. The company keeps their corporate office in the Financial District area of Boston, Massachusetts. The business started its operations in 1792 and is now considered as the second oldest financial institution in the United States.
State Street’s principal operating subsidiaries include the names State Street Bank and Trust Company and State street Global Advisors (SSgA). The latter is a registered investment advisor. State Street Bank acts as a custodian bank and offers securities services to institutional investors. SSgA, on the other hand, provides investment management services to mutual funds and other asset managers. Other subsidiaries of the company include the names State Street Bank GmbH, International Fund Services, State Street Global Markets, State Street Global Services, State Street Bank Luxembourg S.A., State Street Associates, State Street Global Advisors, International Financial Data Services, and Boston Financial Data Services.
Collectively, the company’s customers are mutual funds and their advisers, insurance companies, corporate and public pension funds, operating companies and non-profit organizations, and collective investment funds. The business also has their Asian arm operations with headquarters in Hong Kong and about 3,200 employees in eight different cities in countries in the Asia-Pacific region.
State Street Corp grew by means of acquisitions. In 2003, the company purchased the securities services division of Deutsche Bank which made the company the largest security services firm surpassing institutions like The Bank of New York Mellon and JP Morgan Chase. With the nearly $4.5 billion acquisition of Investors Financial Services in 2007, the business created the second largest custodian in the world with approximately $14.1 trillion of assets under custody.
With a global presence in 29 countries, the business employs over 29,000 employees. The business is a component of the S&P 500 Index and is currently being traded on the New York Stock Exchange under the ticker symbol STT.