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W.R. Grace to take $365M charge in 4th quarter
W.R. Grace & Co. said Thursday it will take a $365 million, non-cash charge to its fourth quarter earnings to reflect higher costs related to its asbestos liability.
Columbia-based Grace (NYSE: GRA) said it raised its asbestos-related liability estimate to $2.065 billion, up from $1.7 billion. The higher amount reflects the increased value of a warrant and deferred payments the chemical and building products company plans to give to an asbestos personal injury trust as part of its bankruptcy reorganization…
IN FOCUS TODAY
Wednesday, May 22, 2013 - 6:35am
WYPR's Fraser Smith and political consultant and columnist Laslo Boyd talk about how Baltimore...
Tuesday, May 21, 2013 - 4:44am
For Baltimore businesses, this is "Clean Your Files" day, part of the city's campaign to...
Monday, May 20, 2013 - 6:35am
WYPR's Fraser Smith and Luke Broadwater of the Baltimore Sun talk about the Baltimore City...