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.
Shares of PHH Corporation (NYSE:PHH), a provider of outsourced mortgage-banking services to financial institutions and real estate brokers in the U.S., crumbled at its foundation and lost as much as 20% on Thursday after the company announced its fourth-quarter earnings results and updated Wall Street on its strategic plans following a yearlong ...