This Day in Business History: Lehman Brothers Files for the Largest Bankruptcy in A ...
September 15, 2008: After arduous but unsuccessful negotiations with the federal government and the leading investment banks of the world,…
This Day in Business History
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This Day in Business History: Netflix Founded
August 29 1997: Netflix was founded in Los Gatos, CA. They mailed DVDs in little red envelopes, with a huge…
This Day in Business History: Bell Laboratories announced their experiment with ...
August 23, 1956: The “Picture Phone,” an experimental product from Bell Labs, sent picture along with sound over telephone lines. The 2”x3”…
This Day in Business History: Best Buy Celebrates its Golden Anniversary
August 22, 1966: In St. Paul, Minnesota, a small store called Sound of Music opened its doors to customers in…
This Day in Business History: Happy Birthday Otis Elevator!
August 3, 1811: It’s the birthday of Elisha Graves Otis, born 205 years ago in Halifax, Vt. who found his inspiration…
This Day in Business History: Happy Birthday, Milton Friedman!
July 31, 1912: Milton Friedman is born in Brooklyn, NY. Friedman, winner of the 1976 Nobel Prize for Economics, is best…
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This Day in Business History: Ford’s Model A Goes to Market
July 23, 1903: The freshly incorporated Ford Motor Company sells its very first Model A, ushering in a new era of transportation for Americans. Having spent nearly all of its initial cash investment of $28,000 prior to its first sale,...
This Day in Business History: The Mercantile Agency (later D&B) is Founded
July 20, 1841: On this date, Lewis Tappan founded The Mercantile Agency to collect business information such as sales estimates and bill paying ability. In 1859, the company was sold to Robert Graham Dun and incorporated under a new name, R....
This Day in Business History: Opening Day at Disneyland
July 17, 1955: On a sunny Anaheim, California Sunday afternoon, Walt Disney opens his first theme park, Disneyland. Offering 5 theme lands with 18 attractions, the park took more than twenty years to plan and cost $17 million to build. Disney’s...
This Day in Business History: The First Walmart Opens
July 2, 1962: Sam Walton opens his first Walmart store in Rogers, Arkansas at the age of 44. Sam Walton was no stranger to retail by this time. He worked for the J.C. Penney Company after college, which at that time was...