parent company


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parent company

a company that owns more than half the shares of another company
References in periodicals archive ?
This category also includes claims (38) on, or guaranteed by, a qualifying securities firm incorporated in the United States or other member of the OECD-based group of countries (39) provided that: the qualifying securities firm has a long-term issuer credit rating, or a rating on at least one issue of long-term debt, in one of the three highest investment grade rating categories from a nationally recognized statistical rating organization; or the claim is guaranteed by the firm's parent company and the parent company has such a rating.
Bible also mentions Philip Morris' cultural development, including a number of corporate responsibility initiatives instituted in recent years by the parent company and each of the operating units.
* To manage the new venture, the parent company recruits seasoned executives, not less experienced (and less independent) managers.
Tianjin Zhong Xin Pharmaceutical Group is also the parent company of two of the top three traditional Chinese medicine companies and the most profitable exporter of traditional Chinese medicine in China.
Meanwhile, Tom reported that sales reached $245 million last year for its parent company, PPI, which has health and investment-related publications and products.
James was previously executive director and chief procurement officer for Elanco parent company Eli Lilly and Company.
Last February, a group of creditors--led by U.S.-based Citibank, Mexican banks Serfin and IXE, government export finance bank Bancomext and bondholders represented by Bank of New York--took over its parent company after it missed a $100 million Eurobond payment.
BFGoodrich, Charlotte, NC, acquired the personal care business of Lambent Technologies, Norcross, GA, from parent company, Petroferm, Fernandina Beach, FL.
As president he succeeds John Hendrick, who has been named chairman of the firm by its parent company Okuma Corp.
For purposes of the income tax, the state will include the factors (property, payroll and sales) of the LLC in the parent company's apportionment formula.
And the parent company's interests even stretch to pies and Bovril - they also own the catering firm set up to serve food and drink to fans inside the stadium.
To add insult to injury, different courts applied different standards of liability, thus making it difficult for a parent company to take actions to insulate itself from liability.