Your Morning Snippets – July 29, 2021 On this day in 1909, the newly formed General Motors Corporation (GM) acquires the country’s leading luxury automaker, the Cadillac Automobile Company, for $4.5 million. Cadillac was founded out of the ruins of automotive pioneer Henry Ford’s second failed company (his third effort, the Ford Motor Company, finallyContinue reading “Naira slumps to 523 against dollar at parallel market”
Your Morning Snippets – July 28, 2021 On this Day in 1971, Wells Fargo launches the world’s first stock-index fund with $6 million from the pension fund of Samsonite Corp. The trader executing the orders for the new fund immediately acquires the sarcastic nickname “Discount Diane.”
Your Morning Snippets – July 27, 2021 On this day in 1949, the world’s first jet-propelled airliner, the British De Havilland Comet, makes its maiden test-flight in England. The jet engine would ultimately revolutionize the airline industry, shrinking air travel time in half by enabling planes to climb faster and fly higher.