TEXTRON INC: Has $219M in Liabilities for Finance Unit’s Leases

Textron Inc., at Sept. 27, 2008, recorded US$219 million of deferred tax liabilities on lease transactions within the Finance segment, according to the Company’s latest quarterly report filed with the U.S. Securities and Exchange Commission.

The Internal Revenue Service has challenged…

TEXTRON FIN’L: Settles Internal Revenue Services’ Tax Cut Plaint

Textron Financial Corp. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that it has accepted an offer from the Internal Revenue Service to participate in a settlement initiative related to its…

ROWAN COMPANIES: Bid to Overturn Ruling Over Rig Lease Pending

Rowan Companies, Inc. is pursuing an appeal to overturn the summary judgment ruling in the Texas Court of Appeals relating to the charter agreement on the Company’s lease of the Rowan-Halifax offshore rig.

During 2005, Rowan lost four offshore rigs, including…