Word: close
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...dollars' worth of unwanted stock by mid-2008. Some of the work was already under way: Crocs has shed 32% of jobs since 2007, shuttering factories, paring its distribution network and cutting its inventory in half over the past couple of years. That's helped nudge Crocs' stock close to $7, but for it "to move higher, [the company] ultimately needs to become profitable," says Mitch Kummetz, a senior research analyst at Wisconsin wealth-management firm Robert W. Baird. New cuts aim to bring a return to positive earnings in 2010. (See a TIME video on high-heeled shoes...
...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...High interest rates in the inflationary 1970s produced solid returns for Oxy's bond-heavy pension fund - so much so that Oxy's accountants figured the plan was overfunded by $600 million. For Oxy to get at that cash, pension laws required it to close its fund and start again. It did so with a far cheaper option: the employee-funded 401(k). The company made it clear that with the high interest rates at the time, Oxy employees could see their 401(k) account balances soar with little risk. Few doubted it - Oxy, like most other big companies...
Despite a descent into sluggish play to close the period, the Crimson still managed to escape with a 4-2 lead...
...Conservatives from the ruling center-right Union for a Popular Majority backed Mitterrand. On Thursday evening, a close aide to Nicolas Sarkozy said the French President backed his Culture Minister and described the controversy around him as "pathetic." A few of Mitterrand's backers noted that while disturbing in parts, La Mauvaise Vie has been hailed by critics both for its literary boldness and its provocative examination of homosexuality. Mitterrand, who was tapped for the Culture Ministry job by Sarkozy in June, has long been open about his sexuality. His defenders note that the current hubbub over the book...