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The company claimed to be an essential service as they sell fabric and school supplies. [47] [48] In a reversal, in April 2020, Hobby Lobby closed all stores and furloughed nearly all employees without pay, announcing that they were "ending emergency leave pay and suspending use of company provided paid time off benefits and vacation." [49]
In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. The deal was financed with cash and senior debt financing. [8]
As of December 31, 2023, the company managed more than $270 billion in assets for more than 1.3 million clients, mostly in 401(k) plans. [ 6 ] [ 28 ] In March 2021, Edelman Financial Engines announced that Warburg Pincus would be taking a minority stake in the company.
On June 2, 2007, Bell Canada increased the cost of a local pay phone call to 50 cents when paid in cash and one dollar when paid by calling card or credit card, [32] Bell's first increase in pay phone rates since 1981. [31]
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In 1998, investment bank Goldman Sachs brought James Ferrell an idea that would help him transition into retirement (although he later returned as Ferrellgas' President and CEO in 2016). The idea was for Ferrell to sell his interest in Ferrellgas to the company's employees in a leveraged Employee Stock Ownership Plan, or ESOP. [15]
In rural areas with magneto crank telephones connected to party lines, the local phone number consisted of the line number plus the ringing pattern of the subscriber. To dial a number such as "3R122" meant making a request to the operator the third party line (if making a call off your own local one), followed by turning the telephone's crank ...
The stadium has sold out every Denver Broncos' home game since its inception in 2001, extending the "sold-out" streak that began during the team's tenure at Mile High Stadium, where every home game had been sold out since 1970 (though due to NFL policy, local TV broadcasts of sold-out games did not start until 1973).
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