OTHER NEWS - Jan. 18, 1993

Dow Anticipates Loss for ‘92: Dow Chemical Co. warned that its 1992 fourth-quarter and full-year results will show a loss, largely because of a $430-million pretax charge for the cost of consolidation. The anticipated quarterly loss stems directly from the special one-time charge for reduced asset value, plant shutdowns and divestitures that are expected to result in new job losses at the chemical giant. The charge, combined with the adoption of new accounting standards, could saddle Dow Chemical with a loss of $1.70 to $1.90 a share for the year. Based on an estimated 272.9 million shares of common stock outstanding, a $1.90-per-share loss would total about $520 million.