BNET Business Dictionary

Business Definition for: Immediate Holding Company

  • a company with one or more subsidiaries but which is itself a subsidiary of another company (the holding company)

Additional Resources

Charys Holding Company's C&B - Cotton Subsidiaries Mark Key Achievements as "New Cotton" Integration Begins
ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTC Bulletin Board: CHYS) announced today several key agreements executed by its newly formed subsidiary C&B - Cotton. The new agreements show immediate momentum by the integrated company, formed following the previously announced merger of Charys' Crochet and Borel Services, Inc. ("C&B") and...
Tags: agreement, FINANCE, Liberty Mutual Group, MARKETING, Pricing, U.S. General Services Administration
Research articles 2006-12-14
21st Century Holding Company Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Michael Braun While we’re waiting for if there’s any questions, just to elaborate a little bit more you can see that our book of business has grown a bit, the homeowners’ book of business and that’s a result of some of...
Tags: Hurricane, Call Transcript, Reinsurance, Earnings, Insurance, Financial Accounting, Business Operations, Corporate Insurance, Finance, Seeking Alpha, 21st Century Holding Co.
Earnings calls 2009-08-10
S&P Cuts Rtgs On Energy Group & Eastern Electricity
LONDON--BUSINESS WIRE--Standard & Poor's CreditWire 10/9/98--Standard & Poor's today lowered its ratings on The Energy Group PLC TEG and Eastern Electricity PLC. At the same time, Standard & Poor's also assigned issuer credit ratings to Eastern Electricity's immediate holding company, Eastern Group PLC and the ultimate, debt-holding company in the...
Tags: company, S&P
Research articles 1998-10-09
American Achievement Corporation and AAC Group Holding Corp. Commence Consent Solicitation
AUSTIN, Texas -- American Achievement Corporation ("American Achievement") and its immediate parent company, AAC Group Holding Corp. ("Holdings", and together with American Achievement, the "Companies"), each announced today that it has commenced a consent solicitation (together the "Consent Solicitations") with respect to proposed amendments (together, the "Amendments") to, in the...
Tags: AAC Group Holding Corp.
Research articles 2008-06-09
MediQuik Services Inc. Executes Stock Purchase Agreement With MiraQuest Ventures, L.L.C.; E-commerce Holding Company to Provide Capital, Synergies and Management Expertise
Business Editors/Health & Medical Writers HOUSTON--BUSINESS WIRE--July 19, 2000 MediQuik Services Inc. (OTC:MDQK) announced today the signing of a stock purchase agreement with MiraQuest Ventures, L.L.C. MiraQuest. With the execution, MediQuik will receive an immediate infusion of investment capital to fund ongoing operating activities, expansion and debt reduction....
Tags: Capital Synergies Inc.
Research articles 2000-07-19
A.M. Best Affirms GEICO's Ratings; Assigns Issuer Credit Ratings
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A++ Superior and has assigned issuer credit ratings ICR of "aaa" to Government Employees Group GEICO (Chevy Chase, MD) and its property/casualty insurance operating subsidiaries. A.M. Best has also affirmed the debt rating of "aaa" of the...
Tags: A.M. Best Co., GEICO
Research articles 2005-05-27
A.M. Best Affirms Ratings of GEICO
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A++ Superior and issuer credit ratings ICR of "aaa" of Government Employees Group GEICO (Chevy Chase, MD) and its property/casualty members. A.M. Best also has affirmed the ICR of "aaa" as well as the debt rating...
Tags: A.M. Best Co., GEICO
Research articles 2008-03-17
A.M. Best Affirms Ratings of GEICO
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A++ Superior and issuer credit ratings ICR of "aaa" of Government Employees Group GEICO (Chevy Chase, MD) and its property/casualty members. A.M. Best has also affirmed the ICR of "aaa" and debt rating of "aaa" of...
Tags: A.M. Best Co., GEICO
Research articles 2007-03-22
A.M. Best Affirms Ratings of GEICO
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A++ Superior and issuer credit ratings ICR of "aaa" of Government Employees Group GEICO (Chevy Chase, MD) and its property/casualty insurance operating subsidiaries. A.M. Best has also affirmed the debt rating of "aaa" of the immediate...
Tags: A.M. Best Co., GEICO
Research articles 2006-03-09
SK Telecom Co. Ltd Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Ladies and gentlemen, now we would like to open up the floor for questions and answers. [Operator Instructions]. In order to offer opportunities to as many participants as possible we would appreciate it greatly if you could limit the number of your questions two per person....
Tags: SK Telecom Co.
Earnings calls 2007-10-25
Bankruptcy Option Looms as Bush Weighs Auto Aid
By Poornima Gupta and John Crawley DETROIT/WASHINGTON (Reuters) - The White House said on Thursday it is considering the option of an "orderly" bankruptcy as it weighs aid for U.S. automakers and Chrysler LLC prepared to shut down all of its 30 factories for a month. The move by the...
News items 2009-08-07
Takeover battle shaking up NY thrift business. (Long Island Bancorp Inc.)
Buying LISB will make winner one of biggest competitors here A bidding war is breaking out for Long Island Bancorp Inc. that could change the balance of power for thrifts in the New York region. The immediate suitors for the holding company of Long IslBuying LISB will...
Research articles 1998-03-02
Hanover Insurance Group, Inc. Q2 2008 Earnings Call
Question-and-Answer Session[Operator Instructions]. And your first question comes from the line of Jay Gelb of Lehman Brothers. Please proceed. Jay Gelb - Lehman Brothers Thanks. Good morning. Frederick H. Eppinger - President and Chief Executive Officer Good morning Jay. Jay Gelb - Lehman Brothers Fred, I think you've spoken...
Tags: Hanover Insurance Group Inc.
Earnings calls 2008-08-01
Regulators Close Colonial Bank; Assets Sold to BB&T
NEW YORK (Reuters) - Colonial Bank, of Montgomery Ala., was shuttered on Friday and its assets sold to southeast regional bank BB&T Corp, marking the largest bank failure this year. The bank closure -- the 74th this year -- brings an end to the Alabama lender which has seen its...
Tags: Bank, FDIC, BB&T Corp.
News items 2009-08-14
Goldman, Morgan Dive Into Banking System's Safety Net
All of a sudden those down-to-earth neighborhood bank accounts are looking pretty good next to a couple of Wall Street's fallen stars, Goldman Sachs and Morgan Stanley. In scrapping the pure investment banking business model and opting to become bank holding companies, the duo will be allowed to attract and hold billions...
Tags: Bank, Banking, Financial Services, Goldman Sachs Group Inc., Investment Bank, Investment Banking, Morgan Stanley, Robert Reed
Blog posts 2008-09-22
Is American Express Worth the Risk?
Ockham Research submits: One of the major developing stories this week is the conversion of American Express AXP to a bank holding company in order to receive funds from the government’s Troubled Asset Relief Program (TARP). This situation is similar to the Fed’s decision to allow the immediate conversion...
Tags: Bank, Federal Reserve Board, Credit Card, American Express Co., Seeking Alpha, Ockham Research, AmEx, Financial Services, Sales Channel, Financing Startups, Sales, Finance, Financial
External links 2008-11-13
Northwest Pilots Plan to Reject Airline's Request for Immediate Wage Cuts.
By Jane Roberts, The Commercial Appeal, Memphis, Tenn. Knight Ridder/Tribune Business News Mar. 13--After being updated on Northwest Airlines' financial outlook Wednesday, the company's pilots see no need for immediate concessions. The update came from a report that is being...
Tags: FINANCE, Northwest Airlines Corp.
Research articles 2003-03-13
PBS Holding, Inc. Announces New Web Site to Better Service Customers and Investors
PBS Holding, Inc. (OTC BB: PBHG) announced that it has completed the latest upgrade of its new web site to better service customers and investors. The site supports easy and secure transactions to accommodate the Company's rapidly growing base of clients and employees. Clients need to access, collect, integrate and...
Tags: Human Resources, PBS
Research articles 2006-01-13
Jet Republic is on brink of collapse
Jet Republic, the upstart business jet company, is on the brink of collapse after failing to secure crucial funding, which has forced it to suspend operations. "It is with great regret that I announce that Jet Republic appears to be technically insolvent," Jonathan Breeze, founder and chief executive, told his...
Tags: company, operation, business, employee, brink, Republic Corp., Bombardier Inc.
News items 2009-08-20
AllianceBernstein Holding L.P. Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. [Operator Instructions]. Thank you. Our first question is coming from Bill Katz from Buckingham Research. Please go ahead. William Katz - Buckingham Research Group Okay. Thank you and good afternoon. I was just wondering if you could talk a little bit about...
Tags: AllianceBernstein Holding LP
Earnings calls 2007-10-25
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