Corning Incorporated Fourth-Quarter Results To Reflect Impact of Special Charge.CORNING, N.Y.--(BUSINESS WIRE)--Jan. 20--Corning Incorporated (NYSE NYSE See: New York Stock Exchange :GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) said the company s fourth-quarter results will include its 50-percent share of the special charge announced today by Dow Corning Corporation relating to breast-implant litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The impact on Corning will be approximately $76 million after tax, or $0.36 per share. The company expects to release its 1994 fourth-quarter and year-end results Monday, Jan. 23. Corning Incorporated is a Fortune 200 company which competes in four business segments: specialty materials, telecommunications, laboratory services and consumer products. Dow Corning Corporation is 50-percent owned equity company with The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. . CONTACT: Corning Inc. Investor Relations Contact: Richard B. Klein, 607/974-8313 Kathryn C. Littleton, 607/974-8206 John H. Abrams, 607/974-8832 |
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