New York, NY -- (ReleaseWire) -- 04/10/2013 --Corning Inc. (NYSE: GLW) announced recently an accounting change relating to expense recognition for company-sponsored pension plans. The new method, adopted in the first quarter of 2013, will result in simpler, more transparent financial reporting.
The announcement is an accounting change only and does not affect benefits for plan participants, Corning`s funding obligations, or the company`s cash flow.
This improved methodology records most of the actuarial gains and losses in the income statement in the year incurred, rather than amortizing them over time. The difference between actual and expected returns on assets, as well as other actuarial gains and losses that together fall outside a recognition corridor (10% of the greater of plan assets or benefit obligations), will be recognized in the fourth quarter of each year. Actuarial gains or losses result from changes in discount rates and other actuarial assumptions.
Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide.
Find out if this announcement could benefit GLW by getting the free and full trend analysis report here: http://www.wallstreetscoop.net/market-scan/?symbol=GLW
Southeastern Asset Management, Inc., the largest outside shareholder of Dell Inc. (NASDAQ: DELL), released an open letter to the Special Committee of the Dell Board of Directors and addressed Dell's preliminary proxy statement.
It stated “As the beneficial owner of 8.4% of Dell Inc.'s outstanding shares, we are writing today to express our views regarding the Company's proxy statement. It is our position that the proxy statement fails to make a case for shareholders to accept the $13.65 per share Michael Dell / Silver Lake buyout offer. In addition, we believe that the Special Committee conducted a process that resulted in an inadequate outcome.”
“The proxy statement does not contain any sound reasoning for why, at this stage in the transformation, the Company needs to be taken private.”
Find out how this release could affect DELL here:
http://www.wallstreetscoop.net/market-scan/?symbol=DELL
About WallStreetScoop.net
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.
WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetScoop.net
Disclosure
WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.
Investor Alley, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
For full disclaimer visit: http://www.wallstreetscoop.net/disclaimer/
Contact Info:
Thomas Greene
Wall Street Scoop
info@wallstreetscoop.net
347-905-5009