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PPG to make $825 million in payments in Pittsburgh Corning case
Court for the Western District of Pennsylvania has issued an interim order confirming a reorganization plan for Pittsburgh Corning, a business jointly owned by PPG and Corning Inc. Under the plan, PPG will make payments totalling $825 million through 2023 from Pittsburgh Post-Gazette Read more »
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News: Corning Inc. looks to the future in allocating research funds
about $730 million throughout Sullivan Park, Cornings sprawling research facility in Erwin. Morse, who has been with Corning for 37 years, was named CTO about a year ago, replacing Joseph Miller, who retired. As the head of the companys research facility, from The Star-Gazette Read more »
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Fitch Affirms Corning's IDR at 'A-'; Outlook Stable
uneven capital spending by carrier customers and the project-oriented nature of data center customers. As of March 31, 2013, Corning's liquidity was strong and supported by: --Approximately $5.8 billion of cash, cash equivalents, and short-term investments, from Reuters Read more »
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US stock market falls after retail sales report
Brands Inc. fell 1.5 percent after the owner of the KFC and Pizza Hut dining chains reported a slump in April sales in China. Corning Inc. climbed 2.1 percent as analysts raised their recommendation for the shares. Theravance Inc. rose 11 percent after Elan from NorthJersey.com Read more »
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Business: Corning Watch: Buy-back strategy boosts dividends
word dividend was avoided at Corning Inc. Shortly after the turn of the new millennium, the telecommunications market then Cornings largest collapsed in a pile of financial rubble. The Twin Tiers largest employer collapsed with it when it saw sales drop from The Star-Gazette Read more »
