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International Bank for Reconstruction and Development

(Encyclopedia)International Bank for Reconstruction and Development (IBRD) (IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated develop...

Morita, Akio

(Encyclopedia)Morita, Akio äkˈēō môrˈētä [key], 1921–99, Japanese business executive, b. Nagoya, Japan. The eldest son of a successful sake brewer, Morita joined Masaru Ibuka to found Tokyo Telecommunicat...

Harrison, Benjamin, President of the United States

(Encyclopedia)Harrison, Benjamin, 1833–1901, 23d President of the United States (1889–93), b. North Bend, Ohio, grad. Miami Univ. (Ohio), 1852; grandson of William Henry Harrison. After reading law in Cincinnat...

Heck, Richard Fred

(Encyclopedia)Heck, Richard Fred, 1931–2015, American chemist, b. Springfield, Mass., Ph.D. Univ. of California, Los Angeles, 1954. Heck was a researcher at the Hercules Corporation in Wilmington, Del., from 1957...

Goldberg, Arthur

(Encyclopedia)Goldberg, Arthur, 1908–90, American labor lawyer and jurist, associate justice of the U.S. Supreme Court (1962–65), b. Chicago. He received his law degree from Northwestern Univ. in 1929. A corpor...

Giacconi, Riccardo

(Encyclopedia)Giacconi, Riccardo, 1931–2018, Italian-American astrophysicist, b. Milan, Italy, Ph.D. Univ. of Milan 1954. He was a researcher at American Science and Engineering Corporation (1959–73), professor...

conglomerate, in business

(Encyclopedia)conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of t...

political action committee

(Encyclopedia)political action committee (PAC), U.S. organization formed by a corporation, labor union, or association to raise money for political activity. Funds can be gathered by voluntary contributions from me...

profit

(Encyclopedia)profit, in economics, return on capital, also called earnings, minus the costs of maintaining land, labor, and capital. It is also known as net income. Economic theorists generally make a distinction ...

Baltimore & Ohio Railroad

(Encyclopedia)Baltimore & Ohio Railroad (B&O), first U.S. public railroad, chartered in 1827 by a group of Baltimore businessmen to regain trans-Allegheny traffic lost to the newly opened Erie Canal. Constr...