Word: stockings
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...HIGH FINANCE $4 billion Estimated amount the leveraged-buyout firm Blackstone Group will raise by taking 10% of its stock public later this month $2.33 billion Estimated amount the company's two co-founders will earn by selling some of their shares in the initial public offering...
...average retiree can count on a pension equal to 96.8% of his working income. Ample money is set aside to fund pensions, and it is invested prudently but not timidly. Companies contribute to employees' accounts but aren't stuck with profit-killing obligations if their business shrinks or the stock market tanks...
...band together to make a go of it, and industry-wide funds became standard. Run more as independent cooperatives than as captive corporate divisions, the Dutch funds were less prone to underfunding than their U.S. counterparts. When they nonetheless ran into financial trouble in 2002 after the stock market crashed and interest rates sank, the country came up with a unique response. The Dutch funds are now no longer on the hook for providing a set income in retirement no matter what happens to financial markets--that is, they've gone DC--but they didn't shunt everything to individual...
...pizazz, however, he has made up for in strategic smarts. He's charting an ambitious course to recast the 84-year-old former cartoon studio as a creatively nimble, technologically savvy global-entertainment company. The results so far have won over even jaded money managers and analysts. Disney's stock has soared 42% since Iger took over, and its profits in the first half of fiscal 2007 jumped 79% over last year, to $2.63 billion. More important, "He has succeeded in persuading the Street to think of him as a technologist," says David Miller, media-and- entertainment analyst...
...mail, Hoxby praised the chairman of the Economics Department, James H. Stock, for "trying to ensure that the Harvard situation worked out for us," a possible reference to her husband's bid for tenure in the Faculty of Arts and Sciences...