EU levy worries

Article Abstract:

Partridge Fine Arts specializes in antique furniture, and has a sound business, which had almost no debt in 1996. The company's stock price has risen since Nov 1997 and could rise further, but there is uncertainty about the market as a whole. The European Union brought in a 2.5% levy for imported art works in 1995, and this levy could rise to 5% in 1999. Large auction houses could transfer major sales out of London, England, to the US. Almost 70% of the company's customers are from abroad. The increase in duty and the strength of pound sterling could adversely affect the company.

Used merchandise stores, Antiques & Second Hand Stores, Secondhand industry, Antique dealers, Partridge Fine Arts PLC

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The balance shifts: cash balance support from the Hill

Article Abstract:

The cash balance pension problems faced by IBM is discussed. The efforts of Capitol Hill and the bills to deal with the problem are also discussed.

Management dynamics, United States. Congress, Company business management, Defined contribution plans

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