Williams profits slide 46 percent; big writedown slashes earningsThe petroleum services division, which includes the North Pole refinery and gas stations in Alaska, showed better results than a year ago Allen Baker PNA Contributing Writer
Williams Cos. took a $232 million charge against its first quarter earnings to write down money owed by its former communications subsidiary.
The charge came amid a flurry of activity by the Tulsa company to raise cash and improve its balance sheet as Williams Communications inched toward the Chapt....
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