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 the 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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Drapers Hall, Shrewsbury, now a boutique hotel
The Shrewsbury Drapers Company was a trade organisation founded in 1462 in the town of Shrewsbury, Shropshire, England. The members were wholesale dealers in wool and later woollen cloth. The Company dominated the trade in Welsh cloth and in 1566 was given a regional monopoly in the Welsh Wool trade. In the seventeenth century the trade had difficulties particularly during the English Civil war and then further declined in the eighteenth century with the industrialisation of cloth production and the improvement of transport infrastructure. This made it practical for merchants from Liverpool and elsewhere to travel into Wales and purchase cloth directly from the producers. The Reform Acts of the early nineteenth century took away the power of the trade guilds and the trade ceased. Since that time the Shrewsbury Drapers Company has survived and continues as a charity that runs almshouses in Shrewsbury.
Image 230 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.
Image 5The 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.
Icos is best known for the development of tadalafil (Cialis), a drug used to treat erectile dysfunction. This drug was discovered by GlaxoSmithKline, developed by Icos, and manufactured and marketed in partnership with Eli Lilly. Boosted by a unique advertising campaign led by the Grey Worldwide Agency, sales from Cialis allowed Icos to become profitable in 2006. Cialis was the only drug developed by the company to be approved. LeukArrest, a drug to treat shock, and Pafase, developed for sepsis, were both tested in phase III clinical trials, but testing was discontinued after unpromising results during the trials. Eli Lilly acquired Icos in January 2007, and most of Icos's workers were laid off soon after. CMC Biologics, a Danish contract manufacturer, bought the remnants of Icos and retained the remaining employees. (Full article...)
In 2015, DuPont and the Dow Chemical Company agreed to a reorganization plan in which the two companies would merge and split into three. As a merged entity, DuPont simultaneously acquired Dow and renamed itself to DowDuPont on August 31, 2017, and after 18 months spun off the merged entity's material science divisions into a new corporate entity bearing Dow Chemical's name and agribusiness divisions into the newly created Corteva; DowDuPont reverted its name to DuPont and kept the specialty products divisions. Prior to the spinoffs it was the world's largest chemical company in terms of sales. The merger has been reported to be worth an estimated $130 billion. The present DuPont, as prior to the merger, is headquartered in Wilmington, Delaware, in the state where it is incorporated. (Full article...)
... that Itek Corporation was formed to build image retrieval systems, but instead became a reconnaissance camera vendor after winning the contract for the CIA's CORONA satellite?
... that George Webb Restaurants locations each have two clocks that employees claim are set one minute apart to evade a local law banning businesses from being open 24 hours per day?
... that the private company Gråkallbanen reopened the Trondheim Tramway in 1990, two years after it had been permanently closed by the city council?
... that the town of Longlac was originally founded as a North West Company trading post circa 1800?
... that although the Brooklyn Union Gas Company's original building, next to its replacement, was once described as having been "miraculously saved", the older building was demolished in 2004 without protest?
... that despite specializing in literature and serving as a senior editor of the Zhonghua Book Company, historian Zhang Zhenglang never published a single book of his own?
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