The English term schmaltz is derived from Yiddish, and is cognate with the German term Schmalz, meaning rendered animal fat, regardless of sourceâboth tallow and lard are considered forms of Schmalz in German, as is clarified butter. However, English usage tends to follow Yiddish, where it means poultry fat.
Company Description (as filed with the SEC) Booz Allen Hamilton is a leading provider of management and technology, consulting, and engineering services to the U.S. and international governments, major corporations, and not-for-profit organizations.
The Wall Street hype machine is in full swing for the Chinese online retail giant Alibabaâs initial public offering. The company, which operates a series of vast online marketplaces in China, raised $21.8 billion when it priced its IPO at $68 per share Thursday night, making it the largest offering in U.S. history.