OTHER NEWS - Jan. 5, 1993
From Times Staff and Wire Reports
Du Pont to Take $4.8-Billion Accounting Charge: Du Pont Co. said it will reduce 1992 earnings by $4.8 billion for the future cost of health care and life insurance benefits for workers after their retirement. The charge is to comply with a new rule that requires companies to record obligations for retirees’ future health benefits during the years those benefits are promised, rather than when the payments are actually made. Financial analysts said the charge did not affect the company’s value in the stock market. Du Pont stock closed 37.5 cents higher at $47.50 a share in NYSE trading.
