More good news:
Illinois Tool Works Inc. lowered its first quarter and yearly earnings forecast Tuesday due to costs related to the health care legislation recently passed by Congress.
The industrial equipment maker said it will record a tax adjustment of $22 million, or 4 cents per share, to reflect the fact that future Medicare prescription drug subsidies received by the company for retiree prescription drug coverage will now be taxable.
And even more good news:
Honeywell International increased its first-quarter earnings outlook Tuesday and said it will log a $13 million non-cash charge in relation to the recent health care overhaul legislation.
Bart Stupak is looking for more chairs at this very moment.
If anyone would know about tools from Illinois it would be Obama and Company.
Posted by: Tim | March 31, 2010 at 09:39 AM