1882: Standard Oil Trust Forms
On January 2, 1882, Standard Oil formed its landmark trust, reshaping corporate control and fueling the American antitrust movement.
Category: Business – This Day
2008: Lehman Brothers Files for Bankruptcy
Lehman Brothers filed for Chapter 11 protection after failing to secure a rescue, marking the largest bankruptcy filing in U.S. history.
1908: General Motors Is Founded
William C. Durant organized General Motors in Flint, Michigan, beginning a corporation that would assemble multiple automotive brands under one structure.
2001: U.S. Stock Markets Reopen After 9/11
The New York Stock Exchange and other U.S. markets reopened after a four-session closure following the September 11 attacks.
1958: Bank of America Launches the BankAmericard Test
Bank of America mailed its BankAmericard to customers in Fresno, California, beginning a large-scale test of revolving consumer credit.
2014: Alibaba Completes a Record U.S. IPO
Alibaba Group shares began trading on the New York Stock Exchange after an initial public offering that raised about $25 billion.