On this day in economic and business history ...
The Panic of 1893 reached its frenzied apex on May 5, 1893. This event, and the depression that followed it, represent a major turning point in the economic growth of the United States. Let's take a good look at what happened that day, and how it changed the country.
The signs were not always obvious, but by the spring of 1893 it was increasingly apparent that the American economy was slowing. Construction of all sorts had been in decline for the past year. Consumption and production trends fell across a broad range of materials (cotton, rubber, iron, coal, crude oil, and so on) throughout the early months of 1893. Vicious cycles of overproduction and weather-diminished poor harvests had ground all prosperity out of agriculture. Railroad shares, which had driven a huge investment boom through the decade's early years, were starting to wobble, as many shaky business models became apparent throughout the sector.
Top Railroad Companies To Watch For 2014: Premier Cons Oil(PMO.L)
Premier Oil plc engages in the exploration, development, and production of oil and gas properties. The company has various oil and gas interests in the North Sea, the Middle East-Pakistan, Asia, and Africa. As of 31 December 2010, it had proven and probable reserves of 261 million barrels of oil equivalent. The company, formerly known as Caribbean Oil Company, is headquartered in London, the United Kingdom.
Top Railroad Companies To Watch For 2014: IG GROUP HLDGS ORD GBP0(IGG.L)
IG Group Holdings plc operates as a financial spread betting company worldwide. The company offers financial spread bets and contracts for difference on forex, stock indices, shares, commodities, binaries, options, interest rates, and other financial markets; fixed odd bets on financial markets; and margined forex and binary options. It is also involved in spread bets and fixed odds bets on sporting and other events, as well as operates a regulated futures and options exchange. In addition, the company engages in the operation of an online casino; margin trading and futures brokerage; and software development. It offers its products and services primarily to retail clients, market professionals, and corporate entities. The company was founded in 1974 and is headquartered in London, the United Kingdom.
Top 10 Canadian Stocks To Own For 2014: DSP Group Inc.(DSPG)
DSP Group, Inc. provides wireless chipset solutions for converged communications at home. It enables consumer electronics (CE) manufacturers to develop new applications through system solutions that combine semiconductors and software with reference designs. The company offers solutions supporting various major digital cordless technologies with a primary share in the wireless home telephony market. It provides a portfolio of wireless chipsets integrating digital enhanced cordless telecommunications, Wi-Fi, public switched telephone network, and voice over Internet protocol (VoIP)/communications over Internet Protocol technologies with application and multimedia processors. The company?s products enables converged voice, audio, video, and data connectivity across various consumer products, including cordless and VoIP phones, home gateways and broadband multimedia terminals, and home automation and wireless audio to fixed mobile convergence offerings, as well as partners w ith CE manufacturers to provide converged communications at home. It markets its products through direct sales and marketing offices, as well as through a network of distributors to CE brands, original equipment manufacturers, original design manufacturers, telecommunications operators, and service providers primarily in the United States, Japan, Europe, Hong Kong, and Korea. The company was founded in 1979 and is based in San Jose, California.
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