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Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Today, the company's earning power is diversified across a broad portfolio of subsidiaries, equity positions and other securities. Insurance is a major area of operations and the float generated serves as an important source of capital. Buffett and Munger are known for their advocacy of value investing principles and under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.
Skyway Airlines was an American ramp and aircraft ground handling services and catering company based in Oak Creek, Wisconsin. Until April 5, 2008, it operated as a regional airline and banner carrier exclusively for Midwest Express Airlines under the business name Midwest Connect, feeding Midwest's hub at General Mitchell International Airport with twelve 32-seat Fairchild-Dornier 328JET regional jet aircraft, and four 19-seat Beechcraft 1900 commuter turboprops. Skyway Airlines, along with its parent corporation, Midwest Air Group, has since ceased operations.
SMG, formerly Spectacor Management Group, was an American worldwide venue management group headquartered in West Conshohocken, Pennsylvania, that specialized in managing publicly owned facilities. It began their operation in 1977 with management of the Louisiana Superdome. It was one of the largest property management corporations in the world.
Mid-Continent Airlines was an airline which operated in the central United States from the 1930s until 1952 when it was acquired by and merged with Braniff International Airways. Mid-Continent Airlines was originally founded as a flight school at Rickenbacker Airport in Sioux City, Iowa, during 1928, by Arthur Hanford Jr., a dairy operator. The Hanford Produce Company was the largest creamery in the United States with over 100 trucks in operation. The company was primarily a dairy but also sold ice cream and poultry. The Hanford's also founded and built the new Rickenbacker Airport and operated eight gas stations and several service repair garages under the name Hanford's, Inc. The airport was a division of Hanford's, Inc., but the service stations and garages were later sold to finance airline operations. Mid-Continent was based in Kansas City, Missouri at the time of its acquisition by Braniff.
Republic Airlines was an airline from 1979 to 1986 in the United States, which was merged with Northwest Airlines. Republic was formed by the merger of North Central Airlines and Southern Airways on July 1, 1979. Their headquarters were at Minneapolis-St. Paul International Airport, in what is now Fort Snelling in unincorporated Hennepin County, Minnesota. The former headquarters is now Delta Air Lines Building C.
For the Dallas, Texas, based airline that flew in 1978, see Kitty Hawk Airways.
The economy of Omaha, Nebraska is linked to the city's status as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the "Motor Mouth City" by The New York Times, Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad and Mutual of Omaha Companies, and Kiewit Corporation, all Fortune 500 corporations.
Cudahy Packing Company was an American meat packing company established in 1887 as the Armour-Cudahy Packing Company and incorporated in Maine in 1915. The Cudahy meatpacking business was acquired by Bar-S Foods Company in 1981.
First Bank System was a Minneapolis, Minnesota-based regional bank holding company that operated from 1864 to 1997. What was once First Bank forms the core of today's U.S. Bancorp; First Bank merged with the old U.S. Bancorp in 1997 and took the U.S. Bancorp name.
Parks College Airline was an defunct airline based in the United States.
References
- ↑ Hitt, Christine (April 27, 2023). "How ABC Stores became Hawaii's ubiquitous chain". SFGate .
- ↑ "Alexander & Baldwin sells its road construction company for $60M". Hawai'i Public Radio. November 16, 2023.
- ↑ Surane, Jennifer; Bradham, Bre (August 16, 2023). "Hawaii Fires Hit Regional Bank Already Rocked by Turmoil". Bloomberg.
