1.
Red Hat Tower
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Red Hat Tower is a skyscraper in Raleigh, North Carolina. It was completed in 2004 at a cost of $100 million as a headquarters for Progress Energy Inc and has 19 floors and 366,000 square feet of space and it is owned by J. P. Morgan Trust Co. In 1999, Carolina Power & Light announced plans for a new headquarters tower, the 2000 merger with Florida Progress Corporation which created Progress Energy increased the need for the new building, which at the time had an estimated cost of $60 million. On February 14,2002, Progress announced that the new project, costing $80 million, would include retail and residential space as well as offices, the company bought the two-acre site east of the existing headquarters in 2000. In April 2002, Progress selected Carter & Associates of Atlanta to develop the project, the 125, 000-square-foot first phase would be complete in 2004, with the 300, 000-square-foot second phase to follow in 2006. Late in 2002, Progress Energy announced its two new buildings would be built at the same time. On September 2,2004, the building opened with a ribbon-cutting ceremony. However, on August 25,2011, Red Hat announced plans to move 600 employees from its offices on the N. C, a ribbon cutting ceremony was held June 24,2013 in the re-branded Red Hat Headquarters
2.
Ticker symbol
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A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both, ticker symbol refers to the symbols that were printed on the ticker tape of a ticker tape machine. Stock symbols are unique identifiers assigned to each security traded on a particular market, for example, AAPL is for Apple Inc. OODH is for Orion DHC, Inc. and HD is for Home Depot, a stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, the allocation of symbols and formatting convention is specific to each stock exchange. In the US, for example, stock tickers are typically between 1 and 4 letters and represent the name where possible. In Europe, most exchanges use three-letter codes, for example Dutch consumer goods company Unilever traded on the Amsterdam Euronext exchange has the symbol UNA, while in Asia, numbers are often used as stock tickers to avoid issues for international investors when using non-Latin scripts. For example, the bank HSBCs stock traded on the Hong Kong Stock Exchange has the ticker symbol 0005, symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a spelling of the company XON as its ticker symbol. The symbol of the firm after the merger was XOM, symbols are sometimes reused, in the US the single-letter symbols are particularly sought after as vanity symbols. For example, since Mar 2008 Visa Inc. has used the symbol V that had previously used by Vivendi which had delisted. To fully qualify a stock, both the ticker and the exchange or country of listing needs to be known, on many systems both must be specified to uniquely identify the security. This is often done by appending the location or exchange code to the ticker, although stock tickers identify a security, they are exchange dependent, generally limited to stocks and can change. These limitations have led to the development of other codes in financial markets to identify securities for settlement purposes, the most prevalent of these is the International Securities Identifying Number. An ISIN uniquely identifies a security and its structure is defined in ISO6166, Securities for which ISINs are issued include bonds, commercial paper, stocks, and warrants. The ISIN identifies the security, not the exchange on which it trades, for instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide, and is priced in five different currencies, it has the same ISIN on each, though not the same ticker symbol. ISIN cannot specify a particular trade in this case, and another identifier, following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics, but they are still widely referred to as EPICs. Stocks can also be identified using their SEDOL number or their ISIN, in the United States, modern letter-only ticker symbols were developed by Standard & Poors to bring a national standard to investing
3.
New York Stock Exchange
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The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the worlds largest stock exchange by market capitalization of its companies at US$19.3 trillion as of June 2016. The average daily trading value was approximately US$169 billion in 2013, the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007, the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists, previously, it was part of NYSE Euronext, which was formed by the NYSEs 2007 merger with Euronext. NYSE and Euronext now operate as divisions of Intercontinental Exchange, the NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation. The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement, previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms, after sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance. Several locations were used between 1817 and 1865, when the present location was adopted, the invention of the electrical telegraph consolidated markets, and New Yorks market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Civil War greatly stimulated speculative securities trading in New York, by 1869 membership had to be capped, and has been sporadically increased since. The latter half of the century saw rapid growth in securities trading. Securities trade in the nineteenth and early twentieth centuries was prone to panics. The Stock Exchange Luncheon Club was situated on the floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building. The NYSE announced its plans to merge with Archipelago on April 21,2005, NYSEs governing board voted to merge with rival Archipelago on December 6,2005, and became a for-profit, public company. It began trading under the name NYSE Group on March 8,2006, Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, the principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE, presently, the chairman is Jeffrey Sprecher
4.
S&P 500
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The S&P500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U. S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U. S. stock market, the National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles. The S&P500 was developed and continued to be maintained by S&P Dow Jones Indices, S&P Dow Jones Indices publishes many stock market indices such as the Dow Jones Industrial Average, S&P MidCap 400, the S&P SmallCap 600, and the S&P Composite 1500. It is a free-float capitalization-weighted index, and has many symbols, such as, ^GSPC, INX. The Composite Index, as the S&P500 was first called when it introduced its first stock index in 1923, three years later in 1926, the Composite Index expanded to 90 stocks and then in 1957 it expanded to its current 500. Standard & Poors, a company that doles out financial information, in 1941 Poors Publishing merged with Standard Statistics and therein assumed the name Standard and Poors Corporation. The S&P500 index in its present form began on March 4,1957, technology has allowed the index to be calculated and disseminated in real time. The S&P500 is widely used as a measure of the level of stock prices. In September 1962, Ultronic Systems Corp. entered into an agreement with Standard, under the terms of this agreement, Ultronics computed the S&P500 Stock Composite Index, the 425 Stock Industrial Index, the 50 Stock Utility Index, and the 25 Stock Rail Index. Throughout the market day these statistics were furnished to Standard & Poors, in addition, Ultronics also computed and reported the 94 S&P sub-indexes. On August 12,1982, the index closed at 102.42, the index reached a relative intraday high—which was not exceeded for over seven years—of 1,552.87, on March 24,2000, during the dot-com bubble. The index then declined by approximately 50%, to 768.63, on October 10,2002, on May 30,2007, the S&P500 closed at 1,530.23, to set its first all-time closing high in more than seven years. Less than a later, it dropped to 1,400. In mid-2007, the mortgage crisis spread to the wider U. S. financial sector. On November 20,2008, the index closed at 752.44, a modest recovery the following day still left the index down 45. 5% for the year. This year-to-date loss was the greatest since 1931, when the market declined more than 50%. The index closed the year at 903.25, for a loss of 38. 5%, the market continued to decline in early 2009, surrounding the financial crisis of 2008
5.
Bob Young (businessman)
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Robert Bob Young is a serial entrepreneur who is best known for founding Red Hat Inc. the open source software company. He is also the Caretaker of the Hamilton Tiger-Cats of the Canadian Football League and he was born in Hamilton, Ontario, Canada. He attended Trinity College School in Port Hope, Ontario and he received a Bachelor of Arts from Victoria College at the University of Toronto. Prior to Red Hat, Young built a couple of computer rental and leasing businesses, descendants of Vernon are still operating under that name. After leaving Vernon, Young founded the ACC Corp Inc. in 1993, marc Ewing and Young co-founded open-source software company Red Hat. Red Hat is now a member of the S&P500 Index, marc Ewing and Youngs partnership started in 1994 when ACC acquired the Red Hat trademarks from Ewing. In early 1995, ACC changed its name to Red Hat Software, Young served as Red Hats CEO until 1999. In 2002, Young founded Lulu. com, a print-on-demand, self-publishing company, in 2006, Young established the Lulu Blooker Prize, a book prize for books that began as blogs. He launched the prize partly as a means to promote Lulu, Young served as CEO of PrecisionHawk, a commercial drone technology company, from 2015 to 2017. Prior to being named PrecisionHawks CEO in 2015, he was an investor in the company. He continues to serve on its board as Chairman, Young also co-founded Linux Journal in 1994, and in 2003, he purchased the Hamilton Tiger-Cats, a Canadian Football League franchise. Young focuses his efforts on access to information and advancement of knowledge. In 1999, he co-founded The Center for the Public Domain, Young has supported the Creative Commons, Public Knowledge. org, the Dictionary of Old English, Loran Scholarship Foundation, ibiblio. org, and the NCSU eGames, among others. Center for the Public Domain Red Hat Linux Journal Lulu ibiblio
6.
Raleigh, North Carolina
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Raleigh is the capital of the state of North Carolina, the seat of Wake County in the United States. Raleigh is known as the City of Oaks for its oak trees. The city covers a area of 142.8 square miles. The U. S. Census Bureau estimated the population as 451,066 as of July 1,2015. It is also one of the cities in the country. The city of Raleigh is named after Sir Walter Raleigh, who established the lost Roanoke Colony in present-day Dare County, Raleigh is home to North Carolina State University and is part of the Research Triangle area, together with Durham and Chapel Hill. The Triangle nickname originated after the 1959 creation of the Research Triangle Park, located in Durham and Wake Counties, partway between the three cities and their universities. The Research Triangle region encompasses the U. S. Census Bureaus Raleigh-Durham-Chapel Hill Combined Statistical Area, the Raleigh Metropolitan Statistical Area had an estimated population of 1,214,516 in 2013. Most of Raleigh is located within Wake County, with a small portion extending into Durham County. Raleigh is an example in the United States of a planned city. It was chosen as the site of the capital in 1788. The city was laid out in a grid pattern with the North Carolina State Capitol in Union Square at the center. Raleigh is home to cultural, educational, and historic sites. The Duke Energy Center for the Performing Arts in Downtown Raleigh features three venues and serves as the home for the North Carolina Symphony and the Carolina Ballet. Coastal Credit Union Music Park at Walnut Creek is a large music amphitheater located in southeast Raleigh, one U. S. president, Andrew Johnson, was born in Raleigh. Bath, the oldest town in North Carolina, was the first nominal capital from 1705 until 1722, the colony had no permanent institutions of government until the establishment at the new capital New Bern in 1743. In December 1770, Joel Lane successfully petitioned the North Carolina General Assembly to create a new county, on January 5,1771, the bill creating Wake County was passed in the General Assembly. The county was formed from portions of Cumberland, Orange, the county gets its name from Margaret Wake Tryon, the wife of Governor William Tryon
7.
Chairman
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The chairman is the highest officer of an organized group such as a board, a committee, or a deliberative assembly. The person holding the office is elected or appointed by the members of the group. The chair presides over meetings of the group and conducts its business in an orderly fashion. When the group is not in session, the officers duties include acting as its head, its representative to the outside world. In some organizations, this position is called president, in others, where a board appoints a president. Other terms sometimes used for the office and its holder include chair, chairperson, chairwoman, presiding officer, president, moderator, facilitator, the chairman of a parliamentary chamber is often called the speaker. The term chair is used in lieu of chairman, in response to criticisms that using chairman is sexist. In his 1992 State of the Union address, then-U. S, president George H. W. Bush used chairman for men and chair for women. A1994 Canadian study found the Toronto Star newspaper referring to most presiding men as chairman, the Chronicle of Higher Education uses chairman for men and chairperson for women. An analysis of the British National Corpus found chairman used 1,142 times, chairperson 130 times, the National Association of Parliamentarians does not approve using chairperson. In World Schools Style debating, male chairs are called Mr. Chairman, the FranklinCovey Style Guide for Business and Technical Communication, as well as the American Psychological Association style guide, advocate using chair or chairperson, rather than chairman. The Oxford Dictionary of American Usage and Style suggests that the forms are gaining ground. It advocates using chair to refer both to men and to women, the word chair can refer to the place from which the holder of the office presides, whether on a chair, at a lectern, or elsewhere. During meetings, the person presiding is said to be in the chair and is referred to as the chair. Major dictionaries state that the word derives from chair and man, some authorities, however, including Riddicks Rules of Procedure, suggest that the second part of chairman derives from the Latin manus, and thus claim gender-neutrality for the word. Vladimir Lenin, for example, officially functioned as the head of Soviet Russia not as tsar or as president, note in particular the popular standard method for referring to Mao Zedong, Chairman Mao. In the absence of the chairman and vice chairman, groups sometimes elect a chairman pro tempore to fill the role for a single meeting. In some organizations that have titles, deputy chairman ranks higher than vice chairman, as there are often multiple vice chairs
8.
Red Hat Enterprise Linux
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Red Hat Enterprise Linux is a Linux distribution developed by Red Hat and targeted toward the commercial market. Red Hat Enterprise Linux is released in versions for x86, x86-64, Itanium, PowerPC and IBM System z. All of the Red Hats official support and training, together with the Red Hat Certification Program, Red Hat Enterprise Linux is often abbreviated to RHEL, although this is not an official designation. The first version of Red Hat Enterprise Linux to bear the name originally came onto the market as Red Hat Linux Advanced Server. In 2003 Red Hat rebranded Red Hat Linux Advanced Server to Red Hat Enterprise Linux AS, Red Hat uses strict trademark rules to restrict free re-distribution of their officially supported versions of Red Hat Enterprise Linux, but still freely provides its source code. Third-party derivatives can be built and redistributed by stripping away non-free components like Red Hats trademarks, Red Hat Enterprise Linux Server subscription is available at no cost for development purposes. Developers need to register for the Red Hat Developer Program and agree to licensing terms forbidding production use and this free developer subscription was announced on March 31,2016. There are also Academic editions of the Desktop and Server variants and they are offered to schools and students, are less expensive, and are provided with Red Hat technical support as an optional extra. Web support based on number of contacts can be purchased separately. It is often assumed the branding ES, AS, and WS stand for Entry-level Server, Advanced Server and Work Station, the reason for this is that the ES product is indeed the companys base enterprise server product, while AS is the more advanced product. However, nowhere on its site or in its literature does Red Hat say what AS, ES, RHEL4,3, and prior releases had four variants, Red Hat Enterprise Linux AS for mission-critical/enterprise computer systems. Originally, Red Hat sold support for versions of Red Hat Linux Starting with RHEL2.1 AS in 2002 and it was based on Red Hat Linux, but used a much more conservative release cycle. Later versions included technologies from the Red Hat–sponsored Fedora community distribution project, Red Hat Enterprise Linux release schedules do not follow that of Fedora but are more conservative. Fedora serves as upstream for future versions of RHEL, RHEL trees are forked off the Fedora repository, and released after a substantial stabilization and quality assurance effort. For example, RHEL6 was forked from Fedora at the end of 2009, by the time RHEL6 was released, many features from Fedora 13 and 14 had already been backported into it. The Fedora Project lists the following lineages for older Red Hat Enterprise releases, the Fedora project provides the following explanation, Both Fedora and Red Hat Enterprise Linux are open source. Fedora is a distribution and community project and upstream for Red Hat Enterprise Linux. Fedora is a general purpose system that gives Red Hat and the rest of its contributor community the chance to innovate rapidly with new technologies
9.
Fedora (operating system)
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Fedora /fᵻˈdɒr. ə/ is an operating system based on the Linux kernel, developed by the community-supported Fedora Project and sponsored by Red Hat. Fedora contains software distributed under a free and open-source license and aims to be on the edge of such technologies. As of February 2016, Fedora has an estimated 1.2 million users, including Linus Torvalds, Fedora has a reputation for focusing on innovation, integrating new technologies early on and working closely with upstream Linux communities. Making changes upstream instead of specifically in Fedora ensures that the changes are available to all Linux distributions, Fedora users can upgrade from version to version without reinstalling. The default desktop environment in Fedora is GNOME and the user interface is the GNOME Shell. Other desktop environments, including KDE Plasma, Xfce, LXDE, MATE and Cinnamon, are available, Fedora uses the RPM package management system. Flatpak is also supported by default, and support for Ubuntus snaps can also be added, Fedora uses Delta RPMs when updating installed packages. A Delta RPM contains the difference between an old and new version of a package and this means that only the changes between the installed package and the new one are downloaded reducing network traffic and bandwidth consumption. Fedora provides hardening wrapper, and does hardening for all of its packages by using features such as position-independent executable. Fedora comes installed with a range of software such as LibreOffice. Additional software is available from the repositories and can be installed using the DNF package manager or GNOME Software. Additionally, extra repositories can be added to the system, so that software not available in Fedora can be installed, popular third-party repositories include RPM Fusion free and non-free repositories. Fedora also provides users with a build system for creating their own repositories called Copr. It comes with GNOME by default but other desktops can be installed or can be installed as Spins. Fedora Server – Its target usage is for servers, and it includes the latest data center technologies and this edition doesnt come with a desktop environment, but one can be installed. Fedora Cloud – It provides an image of Fedora which includes just the bare essentials. It is meant for deployment in cloud computing and it also provides Fedora Atomic Host images which are optimized minimal images for container uses. A Live USB drive can be created using Fedora Live USB creator or the dd command and it allows the users to try Fedora without making changes to the hard disk
10.
Red Hat Enterprise Virtualization
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Red Hat Virtualization is an enterprise virtualization product produced by Red Hat, based on the KVM hypervisor. Red Hat Virtualization uses the SPICE protocol and VDSM with a RHEL-based centralized management server and it can acquire user and group information from an Active Directory service or FreeIPA Active Directory emulator. Some of the technologies of Red Hat Virtualization came from Red Hats acquisition of Qumranet, before version 4.0 product was named Red Hat Enterprise Virtualization. 2.2 – released June 22,2010, at the Red Hat Summit in Boston,3.1 – released December 5,2012. 3.2 – released June 12,2013,3.3 – released January 22,2014. 3.4 – released June 16,2014, among other improvements, it provides better integration with OpenStack and version 7 of the Red Hat Enterprise Linux. 3.5 – released February 11,2015,3.6 – released March 9,2016. 4.0 – released August 24,2016
11.
OpenShift
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OpenShift is a computer software product from Red Hat for container-based software deployment and management. In concrete terms it is a distribution of Kubernetes using Docker containers. OpenShift Origin is the community project used in OpenShift Online, OpenShift Dedicated. Built around a core of Docker container packaging and Kubernetes container cluster management, Origin is augmented by application lifecycle management functionality, Origin provides an open source application container platform. All source code for the Origin project is available under the Apache License on GitHub, OpenShift Online is Red Hats public cloud application development and hosting service. Online offered version 2 of the Origin project source code, which is available under the Apache License Version 2.0. Online supports a variety of languages, frameworks, and databases, in addition to the built-in languages and services, developers can add other language, database, or components via the OpenShift Cartridge application programming interface. OpenStack Apache ServiceMix Steve Pousty, Katie Miller
12.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
13.
Earnings before interest and taxes
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In accounting and finance, earnings before interest and taxes, is a measure of a firms profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses, when a firm does not have non-operating income, then operating income is sometimes used as a synonym for EBIT and operating profit. To calculate EBIT, expenses are subtracted from revenues, net income is later obtained by subtracting interest and taxes from the result
14.
Net income
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
15.
Asset
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In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value, simply stated, assets represent value of ownership that can be converted into cash. The balance sheet of a firm records the value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business, one can classify assets into two major asset classes, tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets, current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace. Examples of intangible assets include goodwill, copyrights, trademarks, patents and computer programs, an asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. One of the most widely accepted accounting definitions of asset is the one used by the International Accounting Standards Board, employees are not considered assets like machinery is, even though they can generate future economic benefits. This is because an entity does not have sufficient control over its employees to satisfy the Frameworks definition of an asset, similarly, in economics an asset is any form in which wealth can be held. The accounting equation is the structure of the balance sheet. It relates assets, liabilities, and owners equity, Assets = Liabilities + Capital Liabilities = Assets − Capital Equity = Assets − Liabilities Assets are listed on the balance sheet. On a companys balance sheet certain divisions are required by generally accepted accounting principles, Assets can be divided into e. g. current assets and fixed assets, often with further subdivisions such as cash, receivables and inventory. Assets are formally controlled and managed within larger organizations via the use of asset tracking tools and these monitor the purchasing, upgrading, servicing, licensing, disposal etc. of both physical and non-physical assets. Current assets are cash and other assets expected to be converted to cash or consumed either in a year or in the operating cycle and these assets are continually turned over in the course of a business during normal business activity. There are 5 major items included into current assets, Cash and cash equivalents – it is the most liquid asset, which includes currency, deposit accounts, short-term investments – include securities bought and held for sale in the near future to generate income on short-term price differences. Receivables – usually reported as net of allowance for non-collectable accounts, inventory – trading these assets is a normal business of a company. The inventory value reported on the sheet is usually the historical cost or fair market value. This is known as the lower of cost or market rule, prepaid expenses – these are expenses paid in cash and recorded as assets before they are used or consumed
16.
Equity (finance)
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In accounting, equity is the difference between the value of the assets and the value of the liabilities of something owed. Equity can be negative if liabilities exceeds assets, shareholders equity represents the equity of a company as divided among shareholders of common or preferred stock. Negative shareholders equity is often referred to as a shareholders deficit, alternatively, equity can also refer to the capital stock of a corporation. The value of the stock depends on the future economic prospects. For a company in liquidation proceedings, the equity is that which remains after all liabilities have been paid, when starting a business, the owners fund the business to finance various operations. Throughout the businesss existence, the equity of the business will be the difference between its assets and debt liabilities, this is the accounting equation, when a business liquidates during bankruptcy, the proceeds from the assets are used to reimburse creditors. The creditors are ranked by priority, with secured creditors being paid first, other creditors being paid next, owners equity is this remaining or residual claim against assets, which is paid only after all other creditors are paid. In such cases where even creditors could not get money to pay their bills. In financial accounting, owners equity consists of the net assets of an entity, net assets is the difference between the total assets and total liabilities. Equity appears on the sheet, one of the four primary financial statements. The assets of an entity can be tangible and intangible items. Intangible assets include such as brand names, copyrights or goodwill. Tangible assets include land, equipment, and cash, issue of new equity in which the firm obtains new capital increases the total shareholders equity. Share repurchases, in which a firm returns money to investors, reducing on the side its financial assets. For practical purposes, share repurchasing is similar to a dividend payment, rather than giving money to all shareholders immediately in the form of a dividend payment, a share repurchase reduces the number of shares outstanding. Dividends paid out to preferred stock owners are considered an expense to be subtracted from net income, sometimes assets bought and held in other countries get translated back into the reporting currency at different exchange rates, resulting in a changed value. When the owners are shareholders, the interest can be called shareholders equity, the remains the same. If all shareholders are in one and the class, they share equally in ownership equity from all perspectives
17.
Red Hat
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Red Hat, Inc. is an American multinational software company providing open-source software products to the enterprise community. Founded in 1993, Red Hat has its headquarters in Raleigh, North Carolina. Red Hat has become associated to an extent with its enterprise operating system Red Hat Enterprise Linux. Red Hat also offers Red Hat Virtualization, a virtualization product. Red Hat provides storage, operating system platforms, middleware, applications, management products, and support, training, Red Hat creates, maintains, and contributes to many free software projects. It has acquired several proprietary software product codebases through corporate mergers, as of March 2016, Red Hat is the second largest corporate contributor to the Linux kernel version 4.5 after Intel. In 1993, Bob Young incorporated the ACC Corporation, a business that sold Linux. In 1994, Marc Ewing created his own Linux distribution, which he named Red Hat Linux, Ewing released the software in October, and it became known as the Halloween release. Young bought Ewings business in 1995, and the two merged to become Red Hat Software, with Young serving as executive officer. Red Hat went public on August 11,1999, achieving the eighth-biggest first-day gain in the history of Wall Street, matthew Szulik succeeded Bob Young as CEO in December of that year. Bob Young went on to found the print on demand and self-publishing company. Before its IPO, Red Hat had received funding from Joyce Young. When Red Hat went public, she cashed in enough stock to recoup her initial investment, then left the remaining stock to linger, for fun. Her return on investment was so great that, by January 2000 she was a millionaire, on November 15,1999, Red Hat acquired Cygnus Solutions. Cygnus provided commercial support for software and housed maintainers of GNU software products such as the GNU Debugger. One of the founders of Cygnus, Michael Tiemann, became the technical officer of Red Hat. Later Red Hat acquired WireSpeed, C2Net and Hells Kitchen Systems, in February 2000, InfoWorld awarded Red Hat its fourth consecutive Operating System Product of the Year award for Red Hat Linux 6.1. Red Hat acquired Planning Technologies, Inc in 2001 and AOLs iPlanet directory, Red Hat moved its headquarters from Durham to North Carolina State Universitys Centennial Campus in Raleigh, North Carolina in February 2002
18.
Software
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Computer software, or simply software, is that part of a computer system that consists of data or computer instructions, in contrast to the physical hardware from which the system is built. In computer science and software engineering, computer software is all information processed by computer systems, programs, computer software includes computer programs, libraries and related non-executable data, such as online documentation or digital media. Computer hardware and software require each other and neither can be used on its own. At the lowest level, executable code consists of machine language instructions specific to an individual processor—typically a central processing unit, a machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a storage location in the computer—an effect that is not directly observable to the user. An instruction may also cause something to appear on a display of the computer system—a state change which should be visible to the user. The processor carries out the instructions in the order they are provided, unless it is instructed to jump to a different instruction, the majority of software is written in high-level programming languages that are easier and more efficient for programmers, meaning closer to a natural language. High-level languages are translated into machine language using a compiler or an interpreter or a combination of the two, an outline for what would have been the first piece of software was written by Ada Lovelace in the 19th century, for the planned Analytical Engine. However, neither the Analytical Engine nor any software for it were ever created, the first theory about software—prior to creation of computers as we know them today—was proposed by Alan Turing in his 1935 essay Computable numbers with an application to the Entscheidungsproblem. This eventually led to the creation of the academic fields of computer science and software engineering. Computer science is more theoretical, whereas software engineering focuses on practical concerns. However, prior to 1946, software as we now understand it—programs stored in the memory of stored-program digital computers—did not yet exist, the first electronic computing devices were instead rewired in order to reprogram them. On virtually all platforms, software can be grouped into a few broad categories. There are many different types of software, because the range of tasks that can be performed with a modern computer is so large—see list of software. System software includes, Operating systems, which are collections of software that manage resources and provides common services for other software that runs on top of them. Supervisory programs, boot loaders, shells and window systems are parts of operating systems. In practice, an operating system bundled with additional software so that a user can potentially do some work with a computer that only has an operating system. Device drivers, which operate or control a particular type of device that is attached to a computer, utilities, which are computer programs designed to assist users in the maintenance and care of their computers
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Open-source software
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Open-source software may be developed in a collaborative public manner. According to scientists who studied it, open-source software is a prominent example of open collaboration, a 2008 report by the Standish Group states that adoption of open-source software models has resulted in savings of about $60 billion per year to consumers. In the early days of computing, programmers and developers shared software in order to learn from each other, eventually the open source notion moved to the way side of commercialization of software in the years 1970-1980. In 1997, Eric Raymond published The Cathedral and the Bazaar and this source code subsequently became the basis behind SeaMonkey, Mozilla Firefox, Thunderbird and KompoZer. Netscapes act prompted Raymond and others to look into how to bring the Free Software Foundations free software ideas, the new term they chose was open source, which was soon adopted by Bruce Perens, publisher Tim OReilly, Linus Torvalds, and others. The Open Source Initiative was founded in February 1998 to encourage use of the new term, a Microsoft executive publicly stated in 2001 that open source is an intellectual property destroyer. I cant imagine something that could be worse than this for the software business, IBM, Oracle, Google and State Farm are just a few of the companies with a serious public stake in todays competitive open-source market. There has been a significant shift in the corporate philosophy concerning the development of FOSS, the free software movement was launched in 1983. In 1998, a group of individuals advocated that the free software should be replaced by open-source software as an expression which is less ambiguous. Software developers may want to publish their software with an open-source license, the Open Source Definition, notably, presents an open-source philosophy, and further defines the terms of usage, modification and redistribution of open-source software. Software licenses grant rights to users which would otherwise be reserved by law to the copyright holder. Several open-source software licenses have qualified within the boundaries of the Open Source Definition, the open source label came out of a strategy session held on April 7,1998 in Palo Alto in reaction to Netscapes January 1998 announcement of a source code release for Navigator. They used the opportunity before the release of Navigators source code to clarify a potential confusion caused by the ambiguity of the free in English. Many people claimed that the birth of the Internet, since 1969, started the open source movement, the Free Software Foundation, started in 1985, intended the word free to mean freedom to distribute and not freedom from cost. Since a great deal of free software already was free of charge, such software became associated with zero cost. The Open Source Initiative was formed in February 1998 by Eric Raymond and they sought to bring a higher profile to the practical benefits of freely available source code, and they wanted to bring major software businesses and other high-tech industries into open source. Perens attempted to open source as a service mark for the OSI. The Open Source Initiatives definition is recognized by governments internationally as the standard or de facto definition, OSI uses The Open Source Definition to determine whether it considers a software license open source
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Linux kernel
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The Linux kernel is a monolithic Unix-like computer operating system kernel. The Android operating system for computers, smartphones and smartwatches is also based atop the Linux kernel. While the adoption on desktop computers is low, Linux-based operating systems dominate nearly every segment of computing. As of November 2016, all but two of the worlds 500 most powerful supercomputers run Linux, Linux rapidly attracted developers and users who adopted it as the kernel for other free software projects, notably the GNU Operating System. The Linux kernel has received contributions from nearly 12,000 programmers from more than 1,200 companies, the Linux kernel API, the application programming interface through which user programs interact with the kernel, is meant to be very stable and to not break userspace programs. As part of the functionality, device drivers control the hardware. However, the interface between the kernel and loadable kernel modules, unlike in many other kernels and operating systems, is not meant to be stable by design. The Linux kernel, developed by contributors worldwide, is a prominent example of free, day-to-day development discussions take place on the Linux kernel mailing list. The Linux kernel is released under the GNU General Public License version 2, in April 1991, Linus Torvalds, at the time a 21-year-old computer science student at the University of Helsinki, Finland, started working on some simple ideas for an operating system. He started with a task switcher in Intel 80386 assembly language, on 25 August 1991, Torvalds posted the following to comp. os. minix, a newsgroup on Usenet, Im doing a operating system for 386 AT clones. This has been brewing since April, and is starting to get ready, id like any feedback on things people like/dislike in minix, as my OS resembles it somewhat. Ive currently ported bash and gcc, and things seem to work and this implies that Ill get something practical within a few months Yes - its free of any minix code, and it has a multi-threaded fs. It is NOT portable, and it never will support anything other than AT-harddisks, as thats all I have. Its mostly in C, but most people wouldnt call what I write C and it uses every conceivable feature of the 386 I could find, as it was also a project to teach me about the 386. As already mentioned, it uses a MMU, for both paging and segmentation and its the segmentation that makes it REALLY386 dependent. Some of my C-files are almost as much assembler as C, unlike minix, I also happen to LIKE interrupts, so interrupts are handled without trying to hide the reason behind them. After that, many people contributed code to the project, early on, the MINIX community contributed code and ideas to the Linux kernel. At the time, the GNU Project had created many of the components required for an operating system
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Intel
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Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California that was founded by Gordon Moore and Robert Noyce. It is the worlds largest and highest valued semiconductor chip makers based on revenue, and is the inventor of the x86 series of microprocessors, Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel Corporation was founded on July 18,1968, by semiconductor pioneers Robert Noyce and Gordon Moore, the companys name was conceived as portmanteau of the words integrated and electronics. The fact that intel is the term for intelligence information made the name appropriate. Intel was a developer of SRAM and DRAM memory chips. Although Intel created the worlds first commercial microprocessor chip in 1971, during the 1990s, Intel invested heavily in new microprocessor designs fostering the rapid growth of the computer industry. The Open Source Technology Center at Intel hosts PowerTOP and LatencyTOP, and supports other projects such as Wayland, Intel Array Building Blocks, and Threading Building Blocks. Client Computing Group – 55% of 2016 revenues – produces hardware components used in desktop, data Center Group – 29% of 2016 revenues – produces hardware components used in server, network, and storage platforms. Internet of Things Group – 5% of 2016 revenues – offers platforms designed for retail, transportation, industrial, buildings, non-Volatile Memory Solutions Group – 4% of 2016 revenues – manufactures NAND flash memory products primarily used in solid-state drives. Intel Security Group – 4% of 2016 revenues – produces software, particularly security, programmable Solutions Group – 3% of 2016 revenues – manufactures programmable semiconductors. In 2016, Dell accounted for 15% of Intels total revenues, Lenovo accounted for 13% of total revenues, in the 1980s, Intel was among the top ten sellers of semiconductors in the world. In 1991, Intel became the biggest chip maker by revenue and has held the position ever since, other top semiconductor companies include TSMC, Advanced Micro Devices, Samsung, Texas Instruments, Toshiba and STMicroelectronics. Competitors in PC chip sets include Advanced Micro Devices, VIA Technologies, Silicon Integrated Systems, however, the cross-licensing agreement is canceled in the event of an AMD bankruptcy or takeover. Some smaller competitors such as VIA Technologies produce low-power x86 processors for small factor computers, however, the advent of such mobile computing devices, in particular, smartphones, has in recent years led to a decline in PC sales. Since over 95% of the worlds smartphones currently use processors designed by ARM Holdings, ARM is also planning to make inroads into the PC and server market. Intel has been involved in disputes regarding violation of antitrust laws. Intel was founded in Mountain View, California in 1968 by Gordon E. Moore, a chemist, and Robert Noyce, arthur Rock helped them find investors, while Max Palevsky was on the board from an early stage. Moore and Noyce had left Fairchild Semiconductor to found Intel, Rock was not an employee, but he was an investor and was chairman of the board
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Mail order
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Mail order is the buying of goods or services by mail delivery. The buyer places an order for the products with the merchant through some remote method such as through a telephone call or web site. Then, the products are delivered to the customer, some merchants also allow the goods to be shipped directly to a third party consumer, which is an effective way to send a gift to an out-of-town recipient. A mail order catalogue is a publication containing a list of general merchandise from a company, companies who publish and operate mail order catalogues are referred to as cataloguers within the industry. Cataloguers buy or manufacture goods then market those goods to prospects, cataloguers may rent names from list brokers or cooperative databases. The catalogue itself is published in a fashion as any magazine publication and distributed through a variety of means, usually via a postal service. Sometimes supermarket products do mail order promotions, whereby people can send in the UPC plus shipping and handling to get a product made especially for the company, in 1498, the publisher Aldus Manutius of Venice printed a catalogue of the books he was printing. In 1667, the English gardener, William Lucas, published a seed catalogue, Catalogues spread to colonial America, where Benjamin Franklin is believed to have been the first cataloguer in British America. In 1744 he produced a catalogue of scientific and academic books. The Welsh entrepreneur Pryce Pryce-Jones set up the first modern mail order in 1861, starting off as an apprentice to a local draper in Newtown, Wales, he took over the business in 1856 and renamed it the Royal Welsh Warehouse, selling local Welsh flannel. The establishment of the Uniform Penny Post in 1840, and the extension of the network to Newtown. In 1861, Pryce-Jones hit upon a method of selling his wares. He distributed catalogues of his wares across the country, allowing people to choose the items they wished and order them via post, he would then dispatch the goods to the customer via the railways. It was a way of meeting the needs of customers in isolated rural locations who were either too busy or unable to get into Newtown to shop directly. This was the worlds first mail order business, an idea which would change the nature of retail in the coming century, the further expansion of the railways in the years that followed allowed Pryce Jones to greatly expand his customer base and his business grew rapidly. He supplied his products to a variety of famous clientele, including Florence Nightingale and Queen Victoria. He also began exporting drapery to the US and British colonies, by 1880, he had more than 100,000 customers and his success was rewarded in 1887 with a knighthood. In 1845, Tiffanys Blue Book was the first mail-order catalogue in the United States, in 1872, Aaron Montgomery Ward of Chicago produced a mail-order catalogue for his Montgomery Ward mail order business
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Business
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A business is an organizational entity involved in the provision of goods and services to consumers. Businesses may also be social non-profit enterprises or state-owned public enterprises operated by governments with specific social, a business owned by multiple private individuals may form as an incorporated company or jointly organise as a partnership. Countries have different laws that may ascribe different rights to the business entities. The word business can refer to an organization or to an entire market sector or to the sum of all economic activity. Compound forms such as agribusiness represent subsets of the broader meaning. Businesses aim to maximize sales to have their income exceed their expenditures, resulting in a profit, the owner operates the business alone and may hire employees. A sole proprietor has unlimited liability for all obligations incurred by the business, partnership, A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business, the three most prevalent types of for-profit partnerships are, general partnerships, limited partnerships, and limited liability partnerships. Corporation, The owners of a corporation have limited liability and the business has a legal personality from its owners. Corporations can be either government-owned or privately owned and they can organize either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, a privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange. Cooperative, Often referred to as a co-op, a cooperative is a limited-liability business that can organize as for-profit or not-for-profit, a cooperative differs from a corporation in that it has members, not shareholders, and they share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives, cooperatives are fundamental to the ideology of economic democracy. In contrast, unincorporated businesses or persons working on their own are not as protected. Franchises, A franchise is a system in which entrepreneurs purchase the rights to open, franchising in the United States is widespread and is a major economic powerhouse. One out of retail businesses in the United States are franchised and 8 million people are employed in a franchised business. Real estate businesses sell, invest, construct and develop properties – including land, residential homes, retailers, wholesalers, and distributors act as middlemen and get goods produced by manufacturers to the intended consumers, they make their profits by marking up their prices. Most stores and catalog companies are distributors or retailers, transportation businesses such as railways, airlines, shipping companies that deliver goods and individuals to their destinations for a fee
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Unix
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Among these is Apples macOS, which is the Unix version with the largest installed base as of 2014. Many Unix-like operating systems have arisen over the years, of which Linux is the most popular, Unix was originally meant to be a convenient platform for programmers developing software to be run on it and on other systems, rather than for non-programmer users. The system grew larger as the system started spreading in academic circles, as users added their own tools to the system. Unix was designed to be portable, multi-tasking and multi-user in a time-sharing configuration and these concepts are collectively known as the Unix philosophy. By the early 1980s users began seeing Unix as a universal operating system. Under Unix, the system consists of many utilities along with the master control program. To mediate such access, the kernel has special rights, reflected in the division between user space and kernel space, the microkernel concept was introduced in an effort to reverse the trend towards larger kernels and return to a system in which most tasks were completed by smaller utilities. In an era when a standard computer consisted of a disk for storage and a data terminal for input and output. However, modern systems include networking and other new devices, as graphical user interfaces developed, the file model proved inadequate to the task of handling asynchronous events such as those generated by a mouse. In the 1980s, non-blocking I/O and the set of inter-process communication mechanisms were augmented with Unix domain sockets, shared memory, message queues, and semaphores. In microkernel implementations, functions such as network protocols could be moved out of the kernel, Multics introduced many innovations, but had many problems. Frustrated by the size and complexity of Multics but not by the aims and their last researchers to leave Multics, Ken Thompson, Dennis Ritchie, M. D. McIlroy, and J. F. Ossanna, decided to redo the work on a much smaller scale. The name Unics, a pun on Multics, was suggested for the project in 1970. Peter H. Salus credits Peter Neumann with the pun, while Brian Kernighan claims the coining for himself, in 1972, Unix was rewritten in the C programming language. Bell Labs produced several versions of Unix that are referred to as Research Unix. In 1975, the first source license for UNIX was sold to faculty at the University of Illinois Department of Computer Science, UIUC graduate student Greg Chesson was instrumental in negotiating the terms of this license. During the late 1970s and early 1980s, the influence of Unix in academic circles led to adoption of Unix by commercial startups, including Sequent, HP-UX, Solaris, AIX. In the late 1980s, AT&T Unix System Laboratories and Sun Microsystems developed System V Release 4, in the 1990s, Unix-like systems grew in popularity as Linux and BSD distributions were developed through collaboration by a worldwide network of programmers
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Red Hat Linux
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Red Hat Linux, assembled by the company Red Hat, was a widely used Linux distribution until its discontinuation in 2004. Early releases of Red Hat Linux were called Red Hat Commercial Linux, Red Hat first published the software on November 3,1994. In 2003, Red Hat discontinued the Red Hat Linux line in favor of Red Hat Enterprise Linux for enterprise environments, Fedora, developed by the community-supported Fedora Project and sponsored by Red Hat, is a free-of-cost alternative intended for home use. Version 3.0.3 was one of the first Linux distributions to support Executable and Linkable Format instead of the older a. out format. Red Hat Linux introduced a graphical installer called Anaconda developed by Ketan Bagal, intended to be easy to use for novices, and it also introduced a built-in tool called Lokkit for configuring the firewall capabilities. In version 6 Red Hat moved to glibc 2.1, egcs-1.2 and it also introduced Kudzu, a software library for automatic discovery and configuration of hardware. Version 7 was released in preparation for the 2.4 kernel, although the first release still used the stable 2.2 kernel. Glibc was updated to version 2.1.92, which was a beta of the upcoming version 2.2, the decision to ship an unstable GCC version was due to GCC2. 95s bad performance on non-i386 platforms, especially DEC Alpha. Newer GCCs had also improved support for the C++ standard, which caused much of the existing code not to compile. In particular, the use of a version of GCC caused some criticism, e. g. from Linus Torvalds and The GCC Steering Committee. GCC2.96 failed to compile the Linux kernel, and some software used in Red Hat. It also had an incompatible C++ ABI with other compilers, the distribution included a previous version of GCC for compiling the kernel, called kgcc. As of Red Hat Linux 8.0, UTF-8 was enabled as the character encoding for the system. However, this did cause some negative reactions among existing Western European users, version 8.0 was also the second to include the Bluecurve desktop theme. It used a theme for GNOME-2 and KDE3.0.2 desktops. KDE members did not appreciate the change, claiming that it was not in the best interests of KDE, version 9 supported the Native POSIX Thread Library, which was ported to the 2.4 series kernels by Red Hat. Red Hat Linux lacked many due to possible copyright and patent problems. For example, MP3 support was disabled in both Rhythmbox and XMMS, instead, Red Hat recommended using Ogg Vorbis, which has no patents, MP3 support, however, could be installed afterwards, although royalties are required everywhere MP3 is patented
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Cornell University
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Cornell University is an American private Ivy League and land-grant doctoral university located in Ithaca, New York. These ideals, unconventional for the time, are captured in Cornells motto, the university also administers two satellite medical campuses, one in New York City and one in Education City, Qatar. Cornell is one of three private land grant universities in the nation and the one in New York. Of its seven colleges, three are state-supported statutory or contract colleges through the State University of New York system, including its agricultural. Of Cornells graduate schools, only the college is state-supported. As a land grant college, Cornell operates a cooperative extension program in every county of New York. The Cornell University Ithaca Campus comprises 745 acres, but is larger when the Cornell Botanic Gardens are considered. Since its founding, Cornell has been a co-educational, non-sectarian institution where admission has not been restricted by religion or race, the student body consists of more than 14,000 undergraduate and 7,000 graduate students from all 50 American states and more than 120 countries. Cornell University was founded on April 27,1865, the New York State Senate authorized the university as the land grant institution. Senator Ezra Cornell offered his farm in Ithaca, New York, as a site, fellow senator and experienced educator Andrew Dickson White agreed to be the first president. During the next three years, White oversaw the construction of the first two buildings and traveled to attract students and faculty, the university was inaugurated on October 7,1868, and 412 men were enrolled the next day. Cornell developed as an innovative institution, applying its research to its own campus as well as to outreach efforts. For example, in 1883 it was one of the first university campuses to use electricity from a dynamo to light the grounds. Cornell has had active alumni since its earliest classes and it was one of the first universities to include alumni-elected representatives on its Board of Trustees. Today the university has more than 4,000 courses, since 2000, Cornell has been expanding its international programs. In 2004, the university opened the Weill Cornell Medical College in Qatar and it has partnerships with institutions in India, Singapore, and the Peoples Republic of China. Former president Jeffrey S. Lehman described the university, with its international profile. On March 9,2004, Cornell and Stanford University laid the cornerstone for a new Bridging the Rift Center to be built, Cornells main campus is on East Hill in Ithaca, New York, overlooking the town and Cayuga Lake
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Lacrosse
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Lacrosse is a contact team sport played between two teams using a small rubber ball and a long-handled stick called a crosse or lacrosse stick. The mens version is considered as a sport, with slashes and intense checks to the stick. The head of the stick is strung with loose mesh designed to catch. There are many different ways to put mesh on the head of the stick, also known as stringing the stick. Offensively, the objective of the game is to score by shooting the ball into a goal past the goalie, using the lacrosse stick to catch, cradle. Defensively, the objective is to keep the team from scoring and to gain the ball through the use of stick checking. The sport has four types, mens field lacrosse, womens lacrosse. The sport consists of four positions, midfield, attack, defense, long stick middies only play defense and come off of the field on offense. As a result of its origins, it is traditionally a Northeastern US, or east coast sport, but in recent years has grown into the South, Midwest. Lacrosse may have developed as early as 1100 AD among indigenous peoples on the North American continent. By the seventeenth century, it was well-established and it was documented by Jesuit missionary priests in the territory of present-day Canada. The game has many modifications since that time. In the traditional aboriginal Canadian version, each consisted of about 100 to 1,000 men on a field that stretched from about 500 m to 3 km long. These games lasted from sunup to sundown for two to three days straight and these games were played as part of ceremonial ritual, a kind of symbolic warfare, to give thanks to the Creator or Master. Lacrosse played a significant role in the community and religious life of tribes across the continent for many years, early lacrosse was characterized by deep spiritual involvement, befitting the spirit of combat in which it was undertaken. Those who took part did so in the role of warriors, with the goal of bringing glory and honor to themselves, the game was said to be played for the Creator or was referred to as The Creators Game. The French Jesuit missionary Jean de Brébeuf saw Iroquois tribesmen play the game during 1637 in present-day New York and he was one of the first Europeans to write about the game. The name seems to be originated from the French term for field hockey, a crosse in French is any stick curved at its end In 1855, William George Beers, a Canadian dentist, founded the Montreal Lacrosse Club
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Carnegie Mellon University
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Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania. Founded in 1900 by Andrew Carnegie as the Carnegie Technical Schools, in 1967, the Carnegie Institute of Technology merged with the Mellon Institute of Industrial Research to form Carnegie Mellon University. The universitys 140-acre main campus is 3 miles from Downtown Pittsburgh, john Heinz III College of Information Systems and Public Policy, and the School of Computer Science. The university also has campuses in Qatar and Silicon Valley, with degree-granting programs in six continents, Carnegie Mellon consistently ranks in the top 25 in the national U. S. News & World Report rankings. It is home to the world’s first degree-granting Robotics and Drama programs, the university spent $242 million on research in 2015. Carnegie Mellon counts 13,650 students from 114 countries, over 100,000 living alumni, Carnegies vision was to open a vocational training school for the sons and daughters of working-class Pittsburghers. Carnegie was inspired for the design of his school by the Pratt Institute in Brooklyn, in 1912 the institution changed its name to Carnegie Institute of Technology and began offering four-year degrees. The Mellon Institute of Industrial Research was founded in 1913 by banker and industrialist brothers Andrew, Mellon in honor of their father, Thomas Mellon, the patriarch of the Mellon family. The Institute began as an organization which performed work for government. In 1927, the Mellon Institute incorporated as an independent nonprofit, in 1938, the Mellon Institutes iconic building was completed and it moved to its new, and current, location on Fifth Avenue. In 1967, with support from Paul Mellon, Carnegie Tech merged with the Mellon Institute of Industrial Research to become Carnegie Mellon University, Carnegie Mellons coordinate womens college, the Margaret Morrison Carnegie College closed in 1973 and merged its academic programs with the rest of the university. The industrial research mission of the Mellon Institute survived the merger as the Carnegie Mellon Research Institute and continued doing work on contract to industry, CMRI closed in 2001 and its programs were subsumed by other parts of the university or spun off into independent entities. Carnegie Mellons 140-acre main campus is three miles from downtown Pittsburgh, between Schenley Park and the Squirrel Hill, Shadyside, and Oakland neighborhoods, Carnegie Mellon is bordered to the west by the campus of the University of Pittsburgh. Carnegie Mellon owns 81 buildings in the Oakland and Squirrel Hill neighborhoods of Pittsburgh, for decades the center of student life on campus was Skibo Hall, the Universitys student union. Built in the 1950s, Skibo Halls design was typical of Mid-Century Modern architecture, the original Skibo was razed in the summer of 1994 and replaced by a new student union that is fully wi-fi enabled. Known as University Center, the building was dedicated in 1996, in 2014, Carnegie Mellon re-dedicated the University Center as the Cohon University Center in recognition of the eighth president of the university, Jared Cohon. A large grassy area known as the Cut forms the backbone of the campus, the Cut was formed by filling in a ravine with soil from a nearby hill that was leveled to build the College of Fine Arts building. The northwestern part of the campus was acquired from the United States Bureau of Mines in the 1980s, the sculpture was controversial for its placement, the general lack of input that the campus community had, and its aesthetic appeal
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Initial public offering
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Through this process, a privately held company transforms into a public company. Initial public offerings are used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors. A company selling shares is never required to repay the capital to its public investors, after the IPO, when shares trade freely in the open market, money passes between public investors. The IPO process is known as going public. Details of the offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter, underwriters provide several services, including help with correctly assessing the value of shares and establishing a public market for shares. Alternative methods such as the dutch auction have also been explored, in terms of size and public participation, the two most notable examples of this method is the Google IPO and Snapchats parent company Snap Inc. China has recently emerged as a major IPO market, with several of the largest IPOs taking place in that country, the earliest form of a company which issued public shares was the case of the publicani during the Roman Republic. Like modern joint-stock companies, the publicani were legal bodies independent of their members whose ownership was divided into shares, there is evidence that these shares were sold to public investors and traded in a type of over-the-counter market in the Forum, near the Temple of Castor and Pollux. The shares fluctuated in value, encouraging the activity of speculators, mere evidence remains of the prices for which partes were sold, the nature of initial public offerings, or a description of stock market behavior. Publicanis lost favor with the fall of the Republic and the rise of the Empire, the first modern IPO occurred in March 1602 when the Dutch East India Company offered shares of the company to the public in order to raise capital. All the shares were tradable, and the shareholders received receipts for the purchase, a share certificate documenting payment and ownership such as we know today was not issued but ownership was instead entered in the companys share register. In the United States, the first IPO was the offering of Bank of North America around 1783. An IPO, therefore, allows a company to tap into a pool of potential investors to provide itself with capital for future growth, repayment of debt. A company selling shares is never required to repay the capital to its public investors. Those investors must endure the unpredictable nature of the market to price. After the IPO, when shares trade freely in the open market, for early private investors who choose to sell shares as part of the IPO process, the IPO represents an opportunity to monetize their investment. This type of offering is not dilutive, since no new shares are being created, once a company is listed, it is able to issue additional common shares in a number of different ways, one of which is the follow-on offering
30.
Wall Street
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Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City. Over time, the term has become a metonym for the markets of the United States as a whole. Several other major exchanges have or had headquarters in the Wall Street area, including the New York Mercantile Exchange, the New York Board of Trade, there are varying accounts about how the Dutch-named de Walstraat got its name. A conflicting explanation is that Wall Street was named after Walloons— the Dutch name for a Walloon is Waal, among the first settlers that embarked on the ship Nieu Nederlandt in 1624 were 30 Walloon families. The Dutch word wal can be translated as rampart, however, even some English maps show the name as Waal Straat, and not as Wal Straat. But soon after that, the Dutch governor, Kieft, sent his men out there one night, few of them escaped, but they spread the story of what had been done, and this did much to antagonize all the remaining tribes against all the white settlers. Shortly after, Nieuw Amsterdam erected a palisade for defense against its now enraged red neighbors. The space between the walls is now called Wall Street, and its spirit is still that of a bulwark against the people. In the 1640s basic picket and plank fences denoted plots and residences in the colony, in 1685, surveyors laid out Wall Street along the lines of the original stockade. In these early days, local merchants and traders would gather at disparate spots to buy and sell shares and bonds, Wall Street was also the marketplace where owners could hire out their slaves by the day or week. The rampart was removed in 1699, the slave market operated from 1711 to 1762 at the corner of Wall and Pearl Streets. It was a structure with a roof and open sides, although walls may have been added over the years. The city directly benefited from the sale of slaves by implementing taxes on every person who was bought, in the late 18th century there was a buttonwood tree at the foot of Wall Street under which traders and speculators would gather to trade securities. The benefit was being in proximity to each other, in 1792, traders formalized their association with the Buttonwood Agreement which was the origin of the New York Stock Exchange. The idea of the agreement was to make the more structured and without the manipulative auctions. Persons signing the agreement agreed to each other a standard commission rate, persons not signing could still participate. In 1789 Wall Street was the scene of the United States first presidential inauguration when George Washington took the oath of office on the balcony of Federal Hall on April 30,1789 and this was also the location of the passing of the Bill Of Rights. Alexander Hamilton, who was the first Treasury secretary and architect of the early United States financial system, is buried in the cemetery of Trinity Church, in the first few decades, both residences and businesses occupied the area, but increasingly business predominated
31.
Print on demand
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Print on demand is a printing technology and business process in which book copies do not print until the company receives an order, allowing prints of singular or small quantities. Many traditional small presses have replaced their traditional printing equipment with POD equipment or contract their printing to POD service providers, many academic publishers, including university presses, use POD services to maintain large backlists, some use POD for all of their publications. Larger publishers may use POD in special circumstances, such as reprinting older, before the introduction of digital printing technology, production of small numbers of publications had many limitations. Large print jobs were not a problem, but small numbers of printed pages were typically during the early 20th century produced using stencils and these produced printed pages of inferior quality to a book, cheaply and reasonably fast. By about 1950, electrostatic copiers were available to make paper master plates for offset duplicating machines, from about 1960 copying onto plain paper became possible for photocopy machines to make multiple good-quality copies of a monochrome original. As technology advanced it became possible to store text in digital form—- paper tape, punched cards readable by digital computer, magnetic mass storage, etc. Print on demand with digital technology is a way to print items for a fixed cost per copy, regardless of the size of the order. While the unit price of each copy is greater than with offset printing. POD has other business benefits besides lesser costs, Technical set-up is usually quicker than for offset printing, large inventories of a book or print material do not need to be kept in stock, reducing storage, handling costs, and inventory accounting costs. There is little or no waste from unsold products and these advantages reduce the risks associated with publishing books and prints and can result in increased choice for consumers. However, the risks for the publisher can also mean that quality control is less rigorous than usual. Digital technology is suited to publish small print jobs of posters when they are needed. The introduction of inks and media for large format inkjet printers has allowed artists. This was brought about after a fire destroyed £3 million worth of stock, the introduction of POD technologies and business-models has created a range of new book-creation and publishing opportunities. There are three categories of offerings. POD creats a new category of publishing company that services, usually for a fee. These services generally include printing and shipping each individual book ordered, handling royalties, the initial investment required for POD services is less than for offset printing. Other services may also be available, including formatting, proofreading, and editing, such companies are suitable for authors prepared to design and promote their work themselves, with minimal assistance and at minimal cost
US$2.9 billion (2017)[2]
United States
Germany
Israel
Spain
France
Ireland
