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: 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: 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…
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…
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…
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This Day in Business History: Napster Initiates Ripple of Disruption in the Music I ...
June 1, 1999: The world’s first peer-to-peer music sharing site, Napster, launched on this date. Before Napster, music lovers were limited to purchasing music as hard copies on CDs, vinyl, or cassettes. Napster enabled users to share music files in...
This Day in Business History: Facebook IPOs
May 18 2012: Facebook started trading on NASDAQ as FB, with common stock priced at $38 per share. This gave Facebook a $104B valuation, nearly four times Google’s $23B valuation at it’s 2004 IPO. The IPO was notable for more...
This Day in Business History: Happy Birthday NYSE!
May 17, 1792: Outside of 66 Wall Street, under a buttonwood tree, 24 stockbrokers and merchants signed what became known as the Buttonwood Agreement, which established The New York Stock Exchange. The very first listed company on the exchange was Bank of New...
This Day in Business History: The Chunnel Opens
May 6, 1994: The “Chunnel,” a rail tunnel under the English Channel, officially opened. This 31 mile tunnel connects Folkstone, England with Sangatte, France. Construction began in 1988, with drilling commencing from both countries. The tunnel goes down as far...