Highlights
A collection of news and information related to USG Corporation published by Tribune Company sources.
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USG shares climb 25% on Buffett's boost in stake
Tribune staff reporterCash-strapped USG Corp. said investor Warren Buffett and a Canadian insurance concern have teamed up to provide USG with a $400 million cash infusion, through the purchase of potentially lucrative contingent convertible notes. The news sent USG shares up...Tags: Stock Broking, Warren Buffett, Berkshire Hathaway Incorporated, New York Stock Exchange, Fairfax (Fairfax, Virginia)
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Buffett deal bolsters USG
Tribune reporterInvesting guru Warren Buffett teamed up Friday with a Canadian insurance company to provide Chicago-based USG Corp. with a badly needed $400 million cash infusion. For the building products-maker, the buy-in is a welcome but high-priced, shot of...Tags: Stock Broking, Warren Buffett, Berkshire Hathaway Incorporated, Fairfax (Fairfax, Virginia), General Electric Company
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Md. jobless rate reaches 12-year high
The economic crisis pushed Maryland's jobless rate to a 12-year high in October, the Labor Department said yesterday, but economists said even modest growth in the labor force kept unemployment from spiking further. Maryland's unemployment rate hit 5...Tags: Moody's Corporation, Economic Policy, Bankruptcy, Wages and Pensions, Employment
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Paul S. Quigg, fire-protection engineer who helped develop drywall screws, dies at age 80
Tribune reporterMany of the fire-resistant construction systems Paul S. Quigg helped design can be found in high-rise buildings today. Mr. Quigg, a fire-protection engineer, helped create everything from drywall screws to temporary dividers found in hotel conference...Tags: Georgia, Building Material, Illinois, Penn State University, Colleges and Universities
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USG says cost-cutting put it ahead of declining market
Tribune staff reporterBuilding-products maker USG Corp., which has been increasingly battered by the housing sector's meltdown for close to two years, said Thursday that recently announced cost-cutting measures -- primarily the planned elimination of 900 white-collar jobs --...Tags: Metal and Mineral, Building Material
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USG to cut 20% of salaried workforce
Tribune reporterBuilding-products maker USG Corp., citing "continued adverse market conditions," disclosed in a regulatory filing Friday afternoon that intends to cut about 900 white-collar jobs worldwide, representing about 20 percent of the Chicago company's salaried... -
USG plans 900 job cuts worldwide
Building products-maker USG Corp., citing "continued adverse market conditions," intends to cut about 900 white-collar jobs worldwide, or about 20 percent of the Chicago company's salaried workforce. In its Securities and Exchange Commission filing...Tags: Calamos Asset Management Incorporated, Layoffs and Downsizing, Naperville
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Deloitte alleges insider trading
Tribune reporterThe giant accounting firm Deloitte LLP claims that one of its former partners in its Chicago office traded on inside information related to an audit client. Thomas Flanagan, a 30-year Deloitte partner and vice chairman, abruptly resigned in September,...Tags: Northbrook, Trials, Allstate Corporation, Accounting and Auditing, Securities
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This drywall breaks the mold
gary.dymski@newsday.comPerhaps no other building product is as underappreciated as drywall. Bend it, shape it, paint it. Plaster or panel over it. The result is an inexpensive and dependable wall covering. Even the most difficult parts of "hanging" drywall - taping and...Tags: Georgia, New York, Long Island
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Success, failure pay for more CEOs
Tribune staff reporterIn rosier times, when corporate profits and rising stock prices were regarded as givens, as they were in the not-too-distant past, it was a relatively simple matter to discern which corporate chieftains were delivering the biggest bang for the buck....Tags: Stock Market, Bankruptcy, Des Plaines, Old Republic International Corporation, Corporate Performance
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All About Drywall
WHAT DO you know about your drywall? The guess here is not much. And you're probably asking what's there to know? More than you might think, especially if a remodeling project or a new house is in your near future. Drywall is not just a generic interior...Tags: Metal and Mineral, Building Material
Nov 21, 2008
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Nov 22, 2008
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Nov 22, 2008
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Nov 18, 2008
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Nov 13, 2008
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Nov 7, 2008
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Nov 8, 2008
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Nov 8, 2008
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Aug 8, 2007
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Apr 28, 2002
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Mar 9, 2000
|Column| Newsday
