What does a "M.A.C." clause from a lending institution mean?

Business Trivia / May 17, 2025

Material Adverse Change. "M.A.C." is a means to protect the acquirer from major changes that make the target less attractive as a purchase.

What is the ratio of long-term debt to total capitalization?

Business Trivia / May 16, 2025

Long Term Debt Ratio. The ratio is calculated by dividing long-term debt by available capital.

Who is the founder of the USA Network?

Business Trivia / May 16, 2025

Barry Diller. Diller, who was president of ABC programming in the 1960s, is Chairman of Expedia, Inc. and Ticketmaster, Inc.

When was the Dow Jones Transportation Average created?

Business Trivia / May 15, 2025

1884. The Dow Jones Transportation Average preceded the Industrial Average and was composed of nine railroad stocks and two non-rail stocks.

What type of trade involving futures contracts is prohibited by the Commodity Exchange Act?

Business Trivia / May 15, 2025

Round Trip Trading. "Round Trip Trading" is also known as "wash trading".

Terry Semel was the CEO of what internet company from 2001-07?

Business Trivia / May 14, 2025

Yahoo!. Terry Semel was given stock options of over $110 million as a bonus when he joined Yahoo! in 2001.