Both Exxon and Mobil were descendants of the John D. Rockefeller corporation, Standard Oil. The reputation of Standard Oil in the public eye suffered badly after publication of Ida M. Tarbell’s classic exposé The History of the Standard Oil Company in 1904, leading to a growing outcry for the government to take action against the …
Reebok’s United Kingdom-based ancestor company was founded for one of the best reasons possible: athletes wanted to run faster. So, in the 1890s, Joseph William Foster made some of the first known running shoes with spikes in them. By 1895, he was in business making shoes by hand for top runners; and before long his …
Spalding is a sporting goods company started in Chicago by A.G. Spalding in 1876. Spalding manufactures goods for many sports, including baseball, soccer, softball, volleyball, football, golf, and most well known, basketball. Spalding is the leader in basketball, and their basketballs sell much better than their other goods. Their premium ball is the official ball …
The acquisition of GTE by Bell Atlantic, on June 30, 2000, which formed Verizon, was among the largest mergers in United States business history. It was the result of a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City since the merger with NYNEX in 1996, and GTE, which …
Western Union was founded in Rochester, New York in 1851 as The New York and Mississippi Valley Printing Telegraph Company. After a series of acquisitions of competing companies by Hiram Sibley & Don Alonzo Watson the company changed its name to Western Union Telegraph Company in 1856 at the insistence of Ezra Cornell, one of …
The birth of the new AT&T; is, in large measure, the culmination of the evolution of communications in the United States. AT&T;’s roots stretch back to 1876, with Alexander Graham Bell’s invention of the telephone and the founding of the company that became AT&T.; As the parent company of the Bell System, AT&T; provided what …