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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 23, 1990

Page

5

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.

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.

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.

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.

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.

One Valley Bancorp of West Virginia, Inc Robert R. Baronner Heilig-Meyers Company

Also Mentioned on This Page

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