Archive for the ‘Business’ Category

What does AMEX stand for?

AMEX stands for American express operates in over 130 countries around the globe. The tale of American Express is a mesmerizing one filled with interesting and quirky characters who — through a combination of brains, perseverance and luck — shaped the company’s development during the past century and a half. The express company that forwarded […]

What does HSBC stand for?

HSBC originally stood for Hongkong and Shanghai Banking Corporation. It now falls under the parent company HSBC Holdings plc and it is a public limited company that was established in England and Wales in 1990, with headquarters in London since 1993. It is both the world’s largest banking group and the world’s 6th largest company, […]

What does AIG stand for?

The acronym AIG stands for American International Group. It is an insurance corporation located in America with its corporate head quarters in the New York City. AIG was established in 1919 by Cornelius Vander Starr in Shanghai China. Starr was the first Westerner to sell insurance to Chinese which he continued until he relocated AIG […]

What does Geico stand for?

GEICO stands for Government Employees Insurance Company. This name was adopted based on the roots from which the Company has matured. Its founder Leo Goodwin first decided to target military and government employees but the business further expanded to include services for wide range of customers. During the Great depression in the United States in […]

What does NYSE stand for?

NYSE is the acronym for the New York Stock Exchange. The New York Stock Exchange originated in 1792 from the Buttonwood Agreement which was signed by twenty four (24) New York City merchants and stockbrokers. The agreement saw to the unswerving and unfailing commitment of the New York Stock Exchange to issuers and investors. The […]

What does NASCAR stand for?

NASCAR stands for National Association for Stock Car Auto Racing. NASCAR is a family-owned and operated business venture that administers and authorizes numerous auto racing sports events. Bill France Snr. Founded the association in 1947-48. Since the start of 2009, the CEO for the company is the grandson of the late Bill France Sr., Brian […]

What does ECN stand for?

ECN is the acronym for Electronic Communications Network. This term is often used in financial circles to represent a type of computer system that facilitates the trading of financial products outside of stock exchanges. Currencies and stocks are the main products that are traded on ECNs. ECNs came into being in 1998 when the SEC […]

What does NADA stand for?

About NADA NADA is a intialism for the National Automobile Dealers Association which was founded in 1917. It represents more than 19,700 new car and truck dealers, both domestic and international, with more than 43,000 different franchises. It was established by a group of dealers who were determined to lower the luxury tax on automobiles […]

What does MSNBC stand for?

About MSNBC MSNBC is a cable news channel located in the United States that is available in both the United States and Canada. The name is an amalgamation of “Microsoft” and “NBC”. Two partnerships with the names MSNBC and msnbc.com were established in 1996 by Microsoft and General Electric’s NBC unit, which is presently NBC […]

What does CIGNA stand for?

About CIGNA CIGNA Corporation or NYSE: CI is an American for profit health insurance company. The health care headquarters may be found in Bloomfield, Connecticut, while the corporate headquarters are located at Two Liberty Place in Center City Philadelphia, Pennsylvania. CIGNA additionally has a major presence in the Phoenix, AZ metro area with its full-service […]