Wheeling-Pittsburgh to Record $170 Million Fourth Quarter Charge
Wheeling-Pittsburgh Steel Corp will record a special fourth quarter charge of about $170 million. The non recurring item includes $74 million to set accrued liabilities for post employment major medical insurance benefits and about $96 million to adjust prior estimates for post employment medical and life insurance benefits. In-Flight Phone Corp wins FCC approval for nationwide air to ground service as Goeken touts competition.
MENTIONED IN THIS ARTICLE
Wheeling-Pittsburgh Steel Corp
Wheeling-Pittsburgh
Dow Holds Mixed End On Slump Fears
Wall Street finished mixed as late buying aided blue chips amid worries over the length and depth of the economic slump. The Dow gained 3.71 to 2629.21, with decliners ahead of advancers on the NYSE and markets assessed by major indexes and indicators.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Taxpayers get simpler 1990 tax form options
The IRS will mail tax packages starting December 28 with 1990 Form 1040A usable by retirees and others with pension or annuity income IRA distributions or taxable Social Security. Form 1040EZ remains on a separate booklet. About 97 million taxpayers will receive packages. 11 million get postcards. Greg Jordan.
MENTIONED IN THIS ARTICLE
IRS
Unemployment tax hike to hit state businesses
Charleston AP reports West Virginia will raise unemployment security taxes in 1991. The rate on the first 8000 dollars of wages climbs from 0.5-3.5 percent to 1.5-4.5 percent, adding about 34 million dollars to the fund. The tax increase, automatic under a 1990 law, aims to stabilize the trust fund, which ends the year with an estimated 155 million dollars versus over 201 million without higher rates. The fund is expected to pay under 100 million in benefits for the second straight year, about 94.1 million last year and similar this year.
MENTIONED IN THIS ARTICLE
Charleston
Andy Richardson
Richardson
West Virginia
Division of Employment Security
Dow Jones Averages Finalizes Day Totals
New York AP reports final Dow Jones averages with figures for Open High Low and Close across component stocks. Details show varied intraday highs and lows among Industrials, Transports, and Utilities, with trading volumes listed for several issues.
MENTIONED IN THIS ARTICLE
New York
Indus Ase
Daily Telegraph Raises Home Delivery Rates
The Daily Telegraph will raise home delivery prices by two cents per issue, or $8.40 for daily and Sunday subscriptions, effective January 1. The rise reflects rising costs and yields a 21 percent savings versus regular newsstand prices. other prices remain unchanged.
MENTIONED IN THIS ARTICLE
Daily Telegraph
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Scott & Stringfellow Investment Corp
NYSE
SIPC
Abbott L
Eee AM. F. Ily
Ameritech
At&t
Amer Works
Atlantic Richfield
Bowline Baker-Hughes A
Amerigen
Baltimore
GAS & EL el Spaeencass
J—— Bell
Bellsouth Corp
Enna Dice
Bona Bethlehem Steel
C~ Mn
C&S/SOVRAN
Cabot Corp
Carolina ER
Chevron Corp. Ne
Nascent Chrysle Corp
Coca-Cola Co
Columbia Gas Sys. Ias
Nat'l Gas
INC
CSX Corp
Detroit Edison Fee
Walt Disney
Ckies
Dominion Res
Dominion Beshs
DOW CIV Chemical
Dupont
Eastman K
Ned
Emerson Lectric
Eries
Ee Ee Annesnese
Virginia Bank
Eget
Teeta
Flowers Industries
FMC Corp
Eee
Ford Motor CO
GEE
Georgia Pacific Ne
Gillette CO
Glaxo Holdings
Goodyear Tire
Cascada Sesansiamine Incaisnonssns
Hercules
Humana Corp
IBM Corp
Higge
Ingersoll-Rand
Kkey Centurian
Mart Corp
Esate
P Kroger CO
al Date Lowe's CO
Menetene Esata
MAPCO
Icdonald's Corp
Cl ‘Communication
RCK & CO
RCC Ape
Mavistar Int
ONE Valley Bank
Pacific Lesis
J.C. Penney CO
Pennzoil CO
Pepsico Inc
Phila. Electric
Philip Morris
Phillips Pete. Recargenatas
Pittston Coal
Potomac Elec
PWR Eee
Premier Bankshare
Pulaski Furniture
REEBO
Reynolds Metals
Rite Aid Corp
Rockwell Int'l
SA EE Corp
Sears Roebuck
Shoney' S Inc
Signet Banking
Southern CO Creanre Cerpanies
Ate
Tenneco Inc
Texaco Inc
Union Carbide
Universal Corp
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Greg Jordan
The
NCA Inc
Amer T&t
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Toysrus
PhilMor
America
TANDY
Apptovew Srwween
Radio Shack
R—O — Aska
Iphics
Jac
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