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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Nigeria Airways Ltd., more commonly known as Nigeria Airways, was a one-time Nigerian airline. The company was founded in 1958 after the dissolution of West African Airways Corporation (WAAC). It held the name West African Airways Corporation Nigeria (WAAC Nigeria) until 1971, when it was renamed, until it ceased operations in 2003. The government of Nigeria owned a majority of the airline (51%) until 1961, when it boosted its shareholding in the company to 100% and made it the country's flag carrier. At the time of dissolution, the airline's headquarters were at Airways House in Abuja. Operations were concentrated at Murtala Muhammed International Airport and served both domestic and international destinations mainly concentrated in West Africa; the network also had points in Europe, North America and Saudi Arabia. The airline was managed by a number of foreign companies, including British Airways, KLM and South African Airways.
Nigeria Airways had its heyday in the early 1980s, just before the departure of a KLM team that had been hired to make the airline efficient and profitable. At that time, its fleet consisted of about 30 aircraft, but the carrier was two years behind with its accounts to the extent that aircraft were acquired for cash. Owned or leased, the carrier operated a variety of aircraft during its history, including the Vickers VC10, the Airbus A310, the Boeing 737 and 747 and the McDonnell Douglas DC-10, of which it flew the last one ever built. Plagued by mismanagement, corruption, and overstaffing, at the time of closure the airline had debts totalling US$528 million (equivalent to US$838 million in 2023), a poor safety record, and its operative fleet comprised a single aircraft flying domestic routes as well as two leased aircraft operating the international network. Nigeria Airways was succeeded by Virgin Nigeria, and the ground facilities were taken over by Arik Air. (Full article...)
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 10The 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.
The phrase literally means "nameless partnership" or "anonymous venture" and comes from the fact that the partners (the shareholders) are not directly known. This is in contrast to the term for a private limited company, which is called besloten vennootschap (an "exclusive" or "closed partnership", one in which stock is not for sale on open markets). (Full article...)
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Holden, formerly known as General Motors-Holden, was an Australian subsidiary company of General Motors. Founded in Adelaide, South Australia, it was an automobile manufacturer, importer, and exporter that sold cars under its own marque in Australia. In its last three years, it switched entirely to importing cars. It was headquartered in Port Melbourne, with major industrial operations in the states of South Australia and Victoria. The 164-year-old company ceased trading at the end of 2020.
... that Chilean Líder supermarkets sold Cuban rum at half price to eliminate it from stock in anticipation of becoming a Wal-Mart subsidiary, causing a controversy in Chile?
... that the launch of a Florida TV station was brought forward nearly two months because the local ABC affiliate stopped airing more than half of its prime-time shows?
... that the shop in Cairo designed by Robert Williams for the Davies Bryan Company became a site of "pilgrimage for all Welsh travellers" to Egypt?
... that The Keyboard Company's numeric keypad was praised for not voiding Apple's warranty because it did not require soldering to install?
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