Union Carbide Canada plans restructuring and Linde exchange
Union Carbide Canada Ltd said its board approved a restructuring proposal from majority shareholder Union Carbide Chemicals and Plastics Co. Shares retain current interests in the gases business under Linde Canada Inc. Other shareholders may participate in the chemicals and pets business via Linde Canada exchangeable preferred shares. A C$140 million transfer to a subsidiary will be followed by a C$142 million distribution to shareholders. Goody Products inks Disney license for hair, cosmetic, and travel accessories. An expected rise in volume in 1991 due to Disney and Mattel deals.
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Union Carbide Canada Ltd
Union Carbide Chemicals and Plastics C
Union Carbide Canada
Linde Canada Inc
U.S
Linde Canada
Union Carbide Corp
Union Carbide Chemicals and Plastics Co
Chemi
Cals and Plastics
Disney Pact
Goody Products Inc
Walt Disney Co
Goody
Mattel Inc
Market mixed after Fed discount rate cut sparks rally
New York stocks closed mixed as traders weighed the economy and Middle East tensions. The Dow stood at 2,626.73, up early gains but finishing flat, with 854 advancers to 712 decliners and volume near 180 million on the NYSE.
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Appliance myths and tips from the Major Panel
The Major Appliance Consumer Action Panel urges readers to study new appliance use and care guides to distinguish real problems from normal noises. Modern fridges, stoves, and ovens may differ from older models, and some sounds are expected. When in doubt, consult the dealer and the manual.
Jefferson Bankshares plans stock buyback up to 10 percent
Charlottesville based Jefferson Bankshares Inc announces a stock repurchase plan to buy back as much as 10 percent of its outstanding shares. Chairman P Hovey Dabney says it will raise book value and earnings per share and reflect market undervaluation of financial stocks. Roanoke expansion frames Farm Fresh entry into Roanoke Valley with Tomboy Supermarket purchase.
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Charlottesville, Va
Jefferson Bankshares Inc
P. Hovey S. Dabney
Charlottesville
Roanoke
Farm Fresh Inc
Tomboy
Roanoke Valley
Keith Alessi
Alessi
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