Word: solidated
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...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...
Needless to say, this little brouhaha may serve solidify Cambridge's solid image as being a hot spot for big-names-who-have-run-ins with the law. But somehow, we doubt Galluccio and the family of four will sort out their differences over a pint any time soon...
...late 1990s, when frenzied private-equity players and venture capitalists tripped over each other in a mad dash to snap up the next best tech company - and paid outrageous prices for starry-eyed growth forecasts. Today's deals involve strategic buyers, who are seeking out companies with solid track records and real customers. "People are focused on buying proven businesses and technologies as opposed to ideas and dreams," says Moriarty. (See 10 ways Twitter will change American business...
...time marked a personal best at Franklin Park for Chenoweth, and a 24-second victory for the All-Ivy selection. Along with Richardson’s dominant first-place performance on the women’s side, Harvard coach Jason Saretsky was pleased with his juniors’ solid showing...
While Pohorence said he was not concerned with elaborate strategy in the dual meet, the rest of the squad used a solid game plan to overcome a Bulldog squad that topped the Crimson just two weeks...