USG Corporation, in the first quarter of 2009, received final congressional Joint Committee on Taxation approval of a US$1.061 billion federal tax refund that the Company received in 2007.
Of this amount, US$1.057 billion resulted from tax deductions generated by payments…
USG Corporation states that it has no further payment obligations to a trust created and funded under Section 524(g) of the U.S. Bankruptcy Code for the payment of all of the present and future asbestos personal injury liabilities of the…
USG Corporation made total payments of about US$3 million in 2008 for asbestos property damage settlements, compared with US$40 million in 2007, according to the Company’s annual report filed with the Securities and Exchange Commission on Feb. 20, 2009.
Asbestos property…