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The standoff this time is over money to refill the nation's disaster emergency fund, which is fast dwindling from record costs for hurricane, flood and earthquake relief.
Ethan Allen, based in Danbury, Conn., said in a regulatory filing that it would close plants in Boonville, N.Y., and Bridgewater, Va., and record costs of 20 cents to 22 cents a share.
TOWER AUTOMOTIVE, Grand Rapids, Mich., said it would cut 250 jobs and record costs of as much as $50 million to move production of frames for Ford Ranger pickup trucks from Milwaukee to Bellevue, Ohio.
Record costs for energy and metals are compounding the woes of appliance makers, which have already been wrestling with weak results in the American market as the housing slump lowers demand and higher food and gasoline prices cause consumers to curb big-ticket purchases.
It will restate results for the past six years to record costs for misdated stock-option grants to executives.
Dow Chemical also announced a second round of price increases, as much 25.0%, in July to offset record costs for energy and raw materials.
Similar(47)
The embarrassing record cost Coach Jeff Ruland his job.
The album took six months to record, cost half a million dollars – and bombed, relatively speaking.
With each successive record costing more and earning less than the last, he is finding it increasingly difficult to maintain his lavish lifestyle.
The Office of the National Coordinator for Health Information Technology reported that each instance of a misidentified record cost the Mayo Clinic roughly $1,200 — and that's just within the Mayo system.
As construction was wrapping up on phase two, phase three of the project again set a record cost at $17.4 million in January 1982.
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