The idea for what company originated when Reed Hastings paid $40 in fine for returning Apollo 13 well past its due date?
"13.' It was six weeks late and I owed the video store $40. I had misplaced the cassette. It was all my fault. I didn’t want to tell my wife about it. And I said to myself, 'I’m going to compromise the integrity of my marriage over a late fee?' Later, on my way to the gym, I realized they had a much better business model. You could pay $30 or $40 a month and work out as little or as much as you wanted."" Hastings said that when he founded Netflix, he had no idea whether customers would use"
"company to propose such a craft. Similar proposals have been made by Advanced Technologies Group (ATG) in Bedford, England, SkyLINK, Inc, in England, and SkyTower Inc., a subsidiary of AeroVironment Inc. in Monrovia, California, in the United States. Prior to September 25, 2008, Sanswire was previously known as GlobeTel Communications Corp. On October 17, 2012, the U.S. District Court for the Southern District of Florida granted the U.S. Securities and Exchange Commission's motions for over $3 million USD Remedies, and granted Motions For Disgorgement, Civil Penalties and Officer-And-Director Bars Against Timothy Huff, Lawrence Lynch, Joseph J. Monterosso, Luis Vargas. Starting"
"""still wanted to work in the same way as he'd done in his backyard, instinctive and without regard for safety"". Parsons and Forman were unfazed, informing Haley of their prediction that the rocket industry would become obsolete in the postwar age and seeing more financial incentive in starting a chain of laundromats. Haley persuaded them to sell their stock, resulting in Parsons leaving the company with $11,000. With this money he bought the lease to 1003, which had come to be known as ""the Parsonage"" after him. Now disassociated from JPL and Aerojet, Parsons and Forman founded the Ad Astra"
"by Compaq, which began working with Disney Imagineers on the design in April 2000. Hewlett-Packard assumed the sponsorship upon its merger with Compaq in 2002. The simulator hardware used in Mission: Space was designed and built by Environmental Tectonics Corporation of Pennsylvania with a nearly $30 million contract awarded in February 2000. Environmental Tectonics sued Disney in 2003 seeking over $15 million US alleging failure to pay the full amount of the contract and sharing proprietary design details with competitors. Disney countersued alleging the company failed to deliver according to the contract and increased the cost of the ride by"
"as Schindler-Haughton. In 1989, the company dramatically increased its presence in the United States after acquiring the Elevator/Escalator division of Westinghouse, one of the largest producers of elevators and escalators at the time. Currently, Schindler Elevator Corporation, the United States operations of Schindler Group, is based in Morristown, New Jersey. In February 2007, Schindler, along with competitors Otis Elevator Co., ThyssenKrupp, Kone, and Mitsubishi Elevator Europe were fined by the European Union for a price-fixing cartel. Schindler was fined 144 million euros, or about $189.3 million US dollars. Since 2011, Schindler have sponsored Solar Impulse, a solar-powered aircraft. The company's"
"$30,000 (nearly $780,000 in 2013 dollars) in damages. In 1891, a glass trust was formed in Harrisburg, Pennsylvania. The new firm was named United States Glass Company, and John H. Hobbs was on the board of directors. Initially, the Pittsburgh-based company consisted of 16 unionized glass works. Each factory became known by a letter (e.g. Factory A of United States Glass Company). Hobbs Glass Company became Factory H. Within the next year, representatives of the trust evaluated the 16 glass works. Factory H was thought to be old, have high expenses, and produce products that were costly to make. In"
"take lightly what he considered an illegal use of his patent rights. Westinghouse Air Brake Company acquired National Electric, renamed the company the National Brake & Electric Company, which refused to pay royalties to Niels Christensen. Christensen promptly countersued, starting a 24-year legal battle that went before the US Supreme Court on three separate occasions over the rights to manufacture compressed air brake systems for streetcars. In 1933, working in his basement, Christensen discovered by trial and error that a ring-shaped piece of rubber in a groove one and a half times long as the minor radius of the ring"
"military service, Beardsley founded National Research Associates, Inc. (NRA) in College Park and Laurel, Maryland to build practical air-cushion vehicles. Beardsley's experiments led to the development of the skirt and peripheral air-flow, without which hovercraft are impractical. A patent dispute had developed in the early 1960s to determine who had first come up with the ACV-hovercraft concept, Cockerell or Beardsley. Ultimately Cockerell paid a settlement of $85,000 to Beardsley for his patent rights, equivalent to more than $1,000,000 in today's dollars, which made practical the famous Channel hovercraft. Mel Beardsley still had a briefcase full of designs. One of the"
"costs of pad operational expenses could be shared over the long term. One potential shared user in the Blue Origin notional plan was with United Launch Alliance. In September 2013—prior to completion of the bid period, and prior to any public announcement by NASA of the results of the process—Blue Origin filed a protest with the U.S. General Accounting Office (GAO) over what it said was ""a plan by NASA to award an exclusive commercial lease to SpaceX for use of mothballed space shuttle launch LC-39A."" NASA planned to complete the bid award and have the pad transferred by October"
"trial scheduled for July 2003 Starchaser withdrew their action and decided not to go to court with their case provided the BBC agreed to pay Starchaser's costs. The BBC was prepared to go to court but in the interests of saving licence fee payer's money agreed to pay Starchaser's costs. The BBC did not issue Starchaser with an apology and the BBC continues to stand by its article. Starchaser Industries Starchaser Industries is a privately owned company based in the UK whose principal aim is to become a viable business in space tourism. Formed in 1992, the company designed and"
"original brand name. The United States Environmental Protection Agency states that no corporation has been linked to a greater number of Superfund toxic waste sites than has Honeywell. Honeywell ranks 44th in a list of US corporations most responsible for air pollution, releasing more than 4.25 million kg (9.4 million pounds) of toxins per year into the air. In 2001, Honeywell agreed to pay $150,000 in civil penalties and to perform $772,000 worth of reparations for environmental violations involving: In 2003, a federal judge in Newark, New Jersey ordered the company to perform an estimated $400 million environmental remediation of"
"be one of his difficulties in the coming patent disputes. In 1738 Kay went to Leeds, where his problem had become royalty collection (the annual licence fee was 15 Shillings per shuttle). He continued to invent, patenting some machines in the same year, though these were not taken up industrially. Kay (and, initially, his partners) launched numerous patent infringement lawsuits, but if any of these cases were successful, compensation was below the cost of prosecution. Rather than capitulate, the manufacturers formed ""the Shuttle Club"", a syndicate which paid the costs of any member brought to court; their strategy of patent"
"supportive of the effort, and said it showed the merits of supporting commercial spaceflight. John E. Pike of GlobalSecurity.org said that the company's cost estimate was unrealistic: ""Stern doesn’t have enough zeros in his budget."" The company's Indiegogo funding campaign raised $19,450 of its $240,000 goal. Golden Spike Company The Golden Spike Company was an American space transport startup active from 2010–2013. The company was chartered for business in Colorado with the objective to offer private commercial space transportation services to the surface of the Moon. The name of the company is in reference to the ceremonial final spike placed"
"launched its cruise line with the christening of ""Disney Magic"" and a sister ship, ""Disney Wonder"". The Katzenberg case dragged on as his contract included a portion of the film revenue from ancillary markets forever. Katzenberg had offered $100 to settle the case, but Eisner felt the original claim amount of about half a billion too much, but then the ancillary market clause was found. Disney lawyers tried to indicate a decline situation which reveal some of the problems in the company. ABC had declining rating and increasing costs while the film segment had two film failures. While neither party"
"in that it was manned, had reusable stages, and its topmost stage was designed to ferry personnel and cargo to a large space station orbiting the earth. The concept was designed in 1954 to 1958, with a launch date of 1962. The company became Goodyear Aerospace Corporation in 1963 to reflect the diverse range of products. In 1987 it was sold to Loral Corporation for $640 million following a massive restructuring of Goodyear prompted by the hostile takeover attempt by James Goldsmith and the Hanson Trust. The Goodyear name disappeared and became the defense systems unit of Loral. Loral's rights"
"Mesta since it was first patented in 1872 and had since been made by other machinery builders besides Birdsboro and Mesta. by 1960, while the case was still in session, Birdsboro Steel Foundry and Machine Co reorganized for the final time as Birdsboro Corp. by 1963 both Birdsboro and Mesta were found guilty of price fixing and anti trust violations. Two years later in 1965, a sentence was delivered stating that both Birdsboro and Mesta would have to pay fines up to $25,000 as well as personal fines up to $3,500. Though it was still one of the largest employers"
"tricky to fabricate, leading to delays in the construction schedule. In a lawsuit filed in Los Angeles County Superior Court in 2014, the museum sued German fabricator Seele, Zurich American Insurance Company, and the Fidelity and Deposit Company of Maryland for $19.8 million in damages for allegedly failing to deliver the components of the ""veil"" facade on schedule. Fidelity and Deposit Company The Fidelity and Deposit Company was a trust company in Baltimore, Maryland. Founded in 1890 by Edwin Warfield, it was also known as the ""Fidelity and Deposit Trust Company of Maryland"" and the ""Fidelity and Deposit Company of"
"a disastrous cabin fire during a launch rehearsal killed the flight crew. The Robbins Company of Attleboro, Massachusetts, was contracted in 1968 to produce commemorative medallions beginning with Apollo 7, the first manned Apollo flight since the Apollo 1 disaster. These were purchased by astronauts and support crew personnel at NASA Astronaut Flight Office, and a total of over 3,000 sterling silver Robbins medallions were flown into space across the 12 manned flights of the Apollo program. Some of these were later sold in public auction for up to $60,000. The basic elements of the medallion design are consistent throughout"
"In 2007, The Planetary Society, a California-based space advocacy group, organized a $50,000 competition to design an unmanned space probe that would 'shadow' Apophis for almost a year, taking measurements that would ""determine whether it will impact Earth, thus helping governments decide whether to mount a deflection mission to alter its orbit"". The society received 37 entries from 20 countries on 6 continents. The commercial competition was won by a design called 'Foresight' created by SpaceWorks Enterprises, Inc. SpaceWorks proposed a simple orbiter with only two instruments and a radio beacon at a cost of ~140 million USD, launched aboard"
"Airways was fined £271 million over the allegations. Virgin Atlantic was given immunity for tipping off the authorities and received no fine—a controversial decision the Office of Fair Trading defended as being in the public interest.On 9 February 2007, Branson announced the setting up of a new global science and technology prize—The Virgin Earth Challenge—in the belief that history has shown that prizes of this nature encourage technological advancements for the good of mankind. The Virgin Earth Challenge was to award $25 million to the individual or group who are able to demonstrate a commercially viable design that will result"
"missions. In September 2013—before completion of the bid period, and before any public announcement by NASA of the results of the process—Blue Origin filed a protest with the U.S. General Accounting Office (GAO) ""over what it says is a plan by NASA to award an exclusive commercial lease to SpaceX for use of mothballed space shuttle launch pad 39A"". NASA had planned to complete the bid award and have the pad transferred by October 1, 2013, but the protest ""will delay any decision until the GAO reaches a decision, expected by mid-December"". SpaceX said that they would be willing to"
"saying the patent was unenforceable because it was an obvious combination of pre-existing technologies. After 11 years of legal battles from 1990-2001, just before going to another round of appeals, the companies agreed to settle for $440 million to end the long dispute Honeywell called ""time-consuming and distracting."" Honeywell Aerospace has been involved in most major space missions and projects. Some notable projects include: In 1966 a young filmmaker, Stanley Kubrick, started developing the movie “.” Five Honeywell engineers were assigned to the project to create plausible fictional space technologies. Honeywell computers were also featured in “Modesty Blaise,” a 1966"
"its primary focus to collectibles and comic books in the 2010s. Through the early to mid 2010s, Hastings became the largest comic book retailer in the United States. While this strategy initially benefited the company, it ultimately suffered from a decision made during a mass expansion in the 1990s to lease all of its properties rather than purchase them, which lowered the business' overall value. Amidst ongoing rebranding, the company was sold to merchandising firm Draw Another Circle LLC in 2014 for $21.4 million. Hastings suffered under Draw's management, plunging the company $140 million into debt. In an effort to"
"in the carriers airtime profit. Airtime contracts could pay certain 'agents' as much as $350 and 7% of the customers monthly service bill for your customers, who signed airtime contracts for 2-3 years of cellular service. Price Club buyers explained that those profits were 'excessive' according to the corporate enshrined profit limits established by Price Club founders. This profit rejection was an issue that needed to be addressed and Price Club buyers asked Mr. Bennett to try and find a way for them to participate. After considering several options, Mr. Bennett eventually choose to form a third party company, called"
"and was acquired by Unexcelled Inc. That corporation was sold to Tracor Aviation. Jack Conroy organized a new company, Conroy Aircraft, which built more airplanes for transporting oversized cargo. By November 1968, NASA had paid Aero Spacelines $11,591,633 in contracts. Conroy ceased operations in 1972. As of July 2012, one Super Guppy is still in operation. NASA uses it to transport its vehicles as needed, and leases it to third parties in the meantime. In early 2016, NASA used this aircraft to transport the main structure of Orion Mars exploration crew capsule, from its assembly facility in Michoud, Louisiana, to"
"investing in research and product development is an expensive move that often doesn't pay off for the innovator and mostly benefits competitor clones. In 1960, the U.S. government uncovered an attempt to form a cartel in the heavy electric equipment industry. It charged 13 companies, including the largest in the industry (Westinghouse, General Electric, and Allis-Chalmers), with price fixing and bid rigging. Most feigned innocence, but Allis-Chalmers pleaded guilty. Although one motive for the forming of cartels is so that amply profitable firms can try to become obscenely profitable, it did not apply in this instance, according to Buescher; rather,"
"America's Space Prize America's Space Prize was a US$50 million space competition in orbital spaceflight established and funded in 2004 by hotel entrepreneur Robert Bigelow. The prize would have been awarded to the first US-based privately funded team to design and build a reusable manned capsule capable of flying 5 astronauts to a Bigelow Aerospace inflatable space module. The criteria also required the capsule be recovered and flown again in 60 days. The prize expired January 10, 2010, without a winner or any test flights attempted. The teams were required to have been based in the United States. The prize"
"2011, the company was fined $100,000 by the MPSC. On 16 August 2013, the commission closed the file after finding that the company had completed the required remedial measures it had agreed to. In a statement, founder Kerry Breitbart attributed the problems to rapid growth, and stated that the company was improved by its re-examined practices. The company also sold Renewable Energy Certificates (RECs) through their American Wind program. A 2014 report by environmental watchdog group EcoRI said that the company did not specify if these certificates were from the older class of RECs, or from the substantially more expensive"
"and as chairman from 1977 to 1999. During and after his tenure, the firm grew dramatically, with revenues rising from $197 million in 1968 to over $7 billion in 2005. The company debuted on the New York Stock Exchange in 1964, under the ticker symbol PH. In 1966, the company joined the Fortune 500. The company designed parts for the craft used in NASA's first manned moon landing in 1969. An economic downturn in 1970 forced the company to expand beyond its focus on hydraulic systems. In the following years it began to expand into the automotive aftermarket, considered a"
"of fiscal 1999. On March 14, 2000, Hastings Entertainment, Inc. was sued for reporting profits of more than $12 million during the Class Period, while they used Hastings common stock to maintain false reports of the company's growth and profitability, by raising almost $40 million in an initial public offering. Hastings paid $5.75 million for settlement. Despite the closure of other video rental stores such as Blockbuster and Hollywood video, Hastings initially thrived in the early 2010s due to a diversification of merchandise. In 2010, the company opened an account with Diamond Comic Distributors, making Hastings the largest direct market"
"as private companies, met with little success. An ongoing area of conflict, especially with the U.S. Navy, were the high prices Fessenden tried to charge. The Navy in particular felt Fessenden's quotes were too far above the device's manufacturing costs to be considered reasonable, and contracted with other companies to build equipment that used Fessenden designs. This led to bad feelings and a series of patent infringement lawsuits. An alternate plan to sell the company as a whole was unsuccessful in finding a buyer. Eventually a radical change in company orientation took place. In 1904 it was decided to compete"
"Systems of Hastings Minnesota as the VHR-400. Price: unknown Daisy wheel printers from Qume Corporation and Diablo Systems could be connected to the 8000 and 8500 series word processors. These printers could support both fixed pitch and proportional fonts, but could not print graphics/pictures. Price: unknown Laser printers were required for printing the documents produced by the Phoenix series word processors as the documents produced could contain embedded graphics. Price: unknown CPT Corporation CPT Corporation was founded in 1971 by Dean Scheff in Minneapolis, Minnesota, with co-founders James Wienhold and Richard Eichhorn. CPT first designed, manufactured, and marketed the CPT"
"million for predicted asbestos liability costs through 2017. Crane Co. The Crane Company is an American industrial products company based in Stamford, Connecticut. Founded by Richard Teller Crane, it became a holding company with a diverse portfolio. Its business segments are Aerospace & Electronics, Engineered Materials (fiberglass paneling and telecom equipment), Payment and Merchandising Technology (vending machines, payment technology, currency technology and printing), Fluid Handling, and Controls (sensing and control systems). Industries served by these segments includes: chemical industries, commercial construction, food and beverage, general and commercial aviation, and power generation. The company was one of the leading manufacturers of"