Word: write-off
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Rumors of sweeping layoffs and cost cuts had been causing high anxiety at the company for weeks. Even so, when AT&T announced last week that it would close some of its plants, eliminate 27,400 jobs and take a $3.2 billion write-off against its fourth-quarter earnings, the sheer magnitude of the reductions was stunning. The job cuts alone were the largest in the firm's history, and the write- off will all but wipe out 1986 after-tax earnings, which had been expected to approach $2 billion. While one spokesman for the Communications Workers union accused...
...write-off is the second largest in the company's history, trailing only the $5.5 billion reorganization charge the company took in the fourth quarter of 1983, when the breakup of the Bell System was just starting. Like many other large U.S. corporations, from Exxon to General Motors, AT&T has been forced to slim down to compete more effectively in an increasingly fierce global marketplace. Last week IBM said it had reduced its 242,000 American payroll by 10,000 jobs in 1986 by offering employees incentives for early retirement. The computer company says it sees "no signs...
Many deductions will remain allowable but will save taxpayers less money next year because tax rates will be lower. One such write-off is charitable giving, and many nonprofit groups are urging taxpayers to make donations now rather than waiting until after Jan. 1. Combined Jewish Philanthropies of Greater Boston has notified patrons about the tax advantage in its monthly billings and is getting better-than-usual payments on pledges. Dartmouth College plans to send a two-page tax advisory to 57,000 of its supporters to stimulate pre-1987 donations. Manhattan art appraisers are swamped with requests to evaluate...
...people want to sell and get their capital gains before January 1. More investors have their property on the market because they won't be getting the write-off they got before," said Carie B. Graves, a seller with the Cambridge Condominium Collaborative...
...Porson's pretty young wife. There are two clumsy attempts at murder and then two quite successful ones that occur on a PC tour of Venice. If the terrain is familiar to Symons, every detail is fresh, right down to the crisp use of Venice, blessedly free of tax write-off color. A Criminal Comedy is a , zestful work of a master still challenging his craft...