IRS announces 1990 business tax return deadlines and rules
The IRS outlines Form 941 filing dates for the June quarter due July 31 1990 with future deadlines October 31 1990 and January 31 1991. Extensions allow Aug 15 filings for those with four month extensions. Estimated tax payments are due Sept 17 1990 and Jan 15 1991. Ron Kirby Parkersburg district director notes penalties for late filing and details contact numbers for forms and publications.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Ron Kirby
IRS
Kirby
Computers overpower rally pushes stocks lower in New York
The stock market fell Friday as computer program selling spurred a broad decline. Dow Jones dropped 44.55 to 2,857.18, with a week loss of 78.71. NYSE volume reached 172.57 million shares, while Bell South and Intermec led declines in their sectors.
MENTIONED IN THIS ARTICLE
Holland
NEW York
New York Stock Exchange
IBM
Eman
Ye Air
Va Kroger
At&t
Mobil
Amoco
NCR
Va Armco
AtRich
itaAr
Exxon
Gillete
William
Gdrich
WinDix
Goodyr
Winnbg
Bell South
Nynex
Pacific Telesis
Southwestern Bell
Consumer caution grows through May
Washington AP says personal spending was flat in May, signaling growing consumer caution after seven years of growth. The Commerce Department reports spending at a seasonally adjusted annual rate of 3.66 trillion dollars, with seven straight gains ending in April and March. Stephen Roach of Morgan Stanley notes a dramatic pullback by consumers.
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Washington
Stephen S. Roach
Morgan Stanley & Co
New York
Commerce Department
Philip Morris to buy Swiss Suchard in $3.8 billion deal
Philip Morris Cos. will acquire Jacobs Suchard AG in a $3.8 billion transaction creating Europe’s third largest food company. The union with Kraft General Foods International boosts Suchard’s brands Tobler Milka and Suchard chocolates with Night and Day coffee. Suchard is the world’s top candy maker after Mars and Nestle. The deal may trigger an insider trading probe.
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New York
Philip Morris Cos
Jacobs Suchard AG
Europe
Suchard
Philip Morris
Kraft General Foods International
Nestle SA
Unilever NV
One Valley Bancorp approves 27 cent dividend for 1990
The Board of Directors of One Valley Bancorp of West Virginia Inc approves a quarterly 27 cent per share cash dividend payable July 12 1990 to shareholders of record June 28 1990 marking an eight percent increase over the previous April 1990 dividend. Robert R Baronner notes the rise. Heilig-Meyers reports first quarter 1990 results with net earnings at 7,139,000 or 68 cents per share vs 5,974,000 or 57 cents prior year. Revenue climbs to 112,676,000 a 13.7 percent gain from 99,081,000.
MENTIONED IN THIS ARTICLE
One Valley Bancorp of West Virginia, Inc
Robert R. Baronner
Heilig-Meyers Company
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