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CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States.Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. [2]
Jeffrey Sprecher was a power plant developer who spotted a need for a seamless market in natural gas used to fuel power stations. [2] In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for over-the-counter energy commodity trading.
IHO Group (investment holding of the Schaeffler family) is the controlling shareholder and currently owns 46% of Continental shares. [27] In November 2018, Continental purchased Kmart Tyre & Auto Service in Australia from Wesfarmers for A$350 million. [28] In 2017 Continental signed a partnership to be the Tour de France official tire sponsor ...
Continental Illinois can be traced back to two Chicago banks, the Commercial National Bank, founded during the American Civil War, and the Continental National Bank, founded in 1883. In 1910, the two banks merged to form the Continental & Commercial National Bank of Chicago with $175 million in deposits – a large bank at the time.
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It was established in 1870 [2] as the German-American Bank, which became the Continental Bank of New York. [3] Originally in the Equitable Building at 120 Broadway , the bank was later headquartered at 50 Wall Street , [ 1 ] 25 Broad Street , [ 2 ] and starting in 1932 the Continental Bank Building [ 2 ] It became known as the "brokers bank ...
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The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8]