A key-operated electrical switch assembly is provided and is designed primarily to be used in conjunction with the electrical system of an automobile or truck as a means to provide a source of electric power. This assembly was devised primarily for use with alternator powered electrical systems, as are now utilized in most automotive vehicles. Furthermore, it is designed and constructed in such a manner that the assembly could not be left in an "on" position if one desired to retain the security of the key. This switch assembly includes an insulated plastic enclosed structural support frame, consisting of a rectangular base upon which the switch is mounted, the switch assembly, which is made operative by a coupling means effectuated by a longitudinal actuating plate and controlled by a perpendicular projecting pin which transverses rectilinearly along a longitudinal tract located above the actuating plate, said tract containing a lock bolt attached to the projecting pin; and a key-operated lock device which controls the rectilinear movement of the lock bolt. A universal mounting bracket and a switch cover are also components of the switch assembly. This invention is capable of providing for a minimum power output of at least 20 amperes.
"We delivered solid performance this quarter. For the full year our business model and continued focus on the customer drove receivables growth of 6% and a return on equity of over 20%," Chairman and CEO David Nelms said in a statement.
Date: Jan 21, 2015
Category: Business
Source: Google
Popular Careers Website Ranks Discover among Its Top 25 Companies for ...
"It's very rewarding to me that this honor is attributed to Discover employees who are embracing our workplace culture of collaboration, inclusion and respect," said David Nelms, chairman and chief executive of Discover. "At Discover, employees have an active role in creating an open environment tha
Date: Aug 22, 2014
Category: Business
Source: Google
Discover Profit Top Estimates As Card Spend Improves
"Our record earnings per share this quarter reflect outstanding fundamental performance in our Direct Banking segment in terms of loan growth and credit performance," said David Nelms, the company's chief executive officer.
The level of credit-card growth exceeded the company's growth target of 2% to 5%, triggering cautious optimism from David Nelms, the company's chief executive officer.
"We are achieving increased wallet share with existing customers and adding loans from new accounts as well," Discover Chairman and CEO David Nelms said during a conference call with Wall Street analysts.
Date: Jul 22, 2014
Category: Business
Source: Google
Discover Financial's profit grows 11 percent in 4Q
In a conference call with Wall Street analysts, Discover Chairman and CEO David Nelms said he anticipates a loan growth will be in the low-single-digit range for the industry this year, noting Discover's loan growth has come from taking share from rivals.
Date: Jan 23, 2014
Category: Business
Source: Google
Discover Financial Services Reports Fourth Quarter Net Income of $602 Million ...
"The fourth quarter concluded a strong year for Discover, with record net income for 2013," said David Nelms, chairman and CEO of Discover. "Last year, we grew our card receivables faster than the industry and further established o
Date: Jan 23, 2014
Category: Business
Source: Google
Discover Shares Jump After It Beats Q3 Forecasts DFS V MA
With a nod to the still-sluggish economy and relatively high unemployment, Discover CEO David Nelms said in a statement, "Card sales and receivables grew in a challenging environment while credit quality continued to improve" last quarter.