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Article: DOW CHEMICAL ANNOUNCES $70 MILLION IMPACT ON ITS EARNINGS RESULTING FROM DOW CORNING SPECIAL CHARGE
- Article from:
- PR Newswire
- Article date:
- January 20, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIDLAND, Mich., Jan. 20 /PRNewswire/ -- Dow Corning Corporation, which is partially owned by The Dow Chemical Company (50 percent shareholder), announced today that it will take a pretax charge of $241 million ($152 million after tax) for the fourth quarter of 1994.
As a result of this charge, Dow Chemical (NYSE: DOW) will record its 50 percent share of the after tax loss net of any tax benefits ...