| 单词 | write-down |
| 例句 | The company is also expected to write-down some recent programming purchases at Turner that have not panned out. Time Warner CEO says 'strategy is working' after strong quarter 2014-08-06T04:00:00Z Universal did not disclose the size of the earlier write-downs. Exclusive: Universal takes writedown on new Keanu Reeves film 2013-12-24T20:30:45Z Last year, Paramount took a $115 million write-down on the film. Box Office: 'Hidden Figures' Prevails as 'Monster Trucks,' Ben Affleck's 'Live by Night' Bomb 2017-01-15T05:00:00Z The studio took write-downs on two previous movies, "Mr. Peabody & Sherman" and "Turbo." 'How to Train Your Dragon 2' passes $500-million mark at box office 2014-08-15T04:00:00Z Both movies resulted in write-downs for the company. '22 Jump Street' and 'How to Train Your Dragon 2' battle for No. 1 2014-06-12T04:00:00Z "The charge reflects the impact of write-downs of underperforming programming, including the abandonment of select acquired titles, as well as costs associated with workforce reductions," Viacom said in a statement. Viacom restructuring includes $785-million write-down 2015-04-06T04:00:00Z Laura Martin, a media analyst with Needham & Co., said the expected write-down from canceling "The Interview" wouldn't cause much concern among investors and analysts. Sony shake-up possible after hack, analysts say 2014-12-18T05:00:00Z Last year, it took an $115 million write-down on "Monster Trucks" months before the film even hit theaters. Box Office: 'Hidden Figures' Dominates MLK Weekend as 'Live by Night,' 'Monster Trucks,' 'Silence' Collapse 2017-01-16T05:00:00Z Earlier this year, the company took a $57-million write-down for "Mr. Peabody & Sherman," the third write-down in less than two years for the studio. DreamWorks Animation in talks to sell to Japan's SoftBank 2014-09-28T04:00:00Z The acquisition resulted in a nearly $3-billion write-down that left shareholders unhappy. Murdoch is 'resolute' in dropping Time Warner bid 2014-08-07T04:00:00Z But on the second weekend, the Carter gross dropped a steep 55%, and the studio announced that it was taking a $200-million write-down on the movie. First Quarter 2012: The Hunger Games Leads a Winning Winter 2012-04-06T14:11:07Z Even returning to the Old West even seemed too much, as “The Lone Ranger” became one of the biggest flops in memory, requiring a write-down of about $160 million. The Movies With Pasts Ruled the Year 2013-12-29T22:26:14Z Some analysts expect DreamWorks will take a write-down on that film as well. DreamWorks Animation's box-office flops may result in 400 job cuts 2015-01-20T05:00:00Z According to several industry trade reports, the series and movies targeted for culling weren't popular with HBO Max subscribers but came out recently enough to qualify for a tax write-down. Will your favorite TV shows and movies survive Warner Bros. Discovery's culling? 2022-08-07T04:00:00Z Because of its challenged ratings, Viacom also is considering write-downs in the value of some of its programming. Viacom restructuring results in layoffs at TV Land 2015-03-05T05:00:00Z DreamWorks took a $57-million write-down on its previous film, "Mr. Peabody & Sherman," that prompted the studio to reexamine the types of movies it produces and when to release them. DreamWorks Animation posts $15-million loss in second quarter 2014-07-29T04:00:00Z A year earlier it lost $827 million after taking a $2.7 billion write-down of its investment in a shuttered autonomous vehicle technology startup. Ford earnings fall short of estimates after it strikes a tentative deal with the United Auto Workers 2023-10-26T04:00:00Z It said it would make cuts this year and next and take a write-down. Pfizer's COVID outlook cuts hit other vaccine maker shares 2023-10-16T04:00:00Z SocGen said the new strategy would lead to write-downs for the remaining part of its African, Mediterranean and Overseas activities, as well as its Equipment Finance division, worth a total of about 340 million euros. SocGen shares tumble after new strategy sees little growth 2023-09-18T04:00:00Z Recently, Orsted, the largest offshore wind developer, announced a potential $2 billion write-down on planned projects in the United States and warned that it could wind up canceling them. No Bidders in British Offshore Wind Auction 2023-09-08T04:00:00Z The company said rising interest rates and industry-wide inflation had fuelled the asset write-down at its Iron Bridge project, a major plank in the group’s growth strategy. Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step down 2023-08-28T04:00:00Z In February of that year, the company had recorded a $15.4 billion write-down related to its Kraft and Oscar Mayer brands. Kraft Heinz CEO Patricio to step down, hand baton to insider 2023-08-14T04:00:00Z That loss was driven by a $3.9 billion write-down of the value of its investment in electric vehicle start-up Rivian Automotive. This week: Starbucks, Amazon earnings; July jobs report 2023-07-30T04:00:00Z Last year, Adidas ended its partnership with the rapper after he made antisemitic remarks, but has sought alternatives to destroying its Yeezy inventory, which would lead to a $550 million write-down. Why Elon Musk Bid Twitter Goodbye 2023-07-24T04:00:00Z The real estate write-down, in particular, appeared to pack potential losses into the period. Steep Profit Fall at Goldman Sachs Highlights Wall St. Giant’s Woes 2023-07-19T04:00:00Z The automaker did not provide details on write-down and impairment charges it expected for the additional plant closure. Factbox: Hyundai's plans for EVs, restructuring in China 2023-06-20T04:00:00Z Boeing’s passenger jets have been plagued by production problems, and it took a write-down in the first quarter for a military tanker. Boeing loses $425 million but plans production boost for MAX 2023-04-26T04:00:00Z The fund could bulldoze China by proceeding with bailouts without waiting for Beijing’s agreement on debt write-downs, a process known as “lending in arrears.” U.S.-China split shadows hopes for lifting debt load from global economy 2023-04-13T04:00:00Z Erasing original shows from their libraries can help streamers get tax write-downs and, to a smaller extent, save on residual payments. As streamers cut costs, TV shows — and residuals — vanish 2023-04-07T04:00:00Z Here are some of the implications of the Credit Suisse AT1 bond write-down. Explainer: Why markets are in uproar over a risky bank bond known as AT1 2023-03-20T04:00:00Z As part of the UBS takeover, the Swiss government said its support would “trigger a complete write-down” of about $17 billion worth of Credit Suisse debt held in contingent convertible bonds. Banking sector rescue efforts soothe investor anxiety for now 2023-03-20T04:00:00Z AT1 write-downs have taken place in several countries, including Spain, Greece, Austria and Denmark. Analysis: Credit Suisse rescue presents 'buyer beware' moment for bank bondholders 2023-03-20T04:00:00Z Hundreds of Western firms left Russia in a mass corporate exodus last year, often booking hefty write-downs on the value of their investments. Putin indicates Russia could loosen restrictions on dividend payments to foreigners 2023-03-16T04:00:00Z Those included a including a complete write-down on the company’s participation in Nord Stream AG. Germany’s BASF to shed 2,600 jobs in cost-cutting drive 2023-02-24T05:00:00Z This mostly includes severance and related benefit costs; costs related to exit and disposal activities and asset write-downs and write-offs. Dow is cutting about 2,000 jobs, or 5% of workforce 2023-01-26T05:00:00Z Sri Lanka's central bank has urged China and India to agree a write-down of their loans as soon as possible. Sri Lanka's central bank urges China and India to reduce its debts 2023-01-11T05:00:00Z The company posted a net loss as it booked a 2.3 billion zloty write-down after recognising a fall in value of its investment in Mall and WE|DO by more than half. Allegro third-quarter profit rises as Polish business returns to growth 2022-11-30T05:00:00Z The Seattle-based company reported two consecutive losses this year, driven mainly by write-downs of the value of its stock investment in electric vehicle start-up Rivian Automotive. Amazon begins mass layoffs among its corporate workforce 2022-11-16T05:00:00Z In many cases, China is the biggest creditor and has resisted any write-downs. With Tensions Mounting, Biden and Xi Try a Warmer Tone 2022-11-14T05:00:00Z Nokian Tyres had already recorded an impairment of 280.7 million euros and a write-down of 20 million euros of deferred tax assets in Russia in the second quarter. Finland's Nokian Tyres sells Russian operations to Tatneft 2022-10-28T04:00:00Z That decision led to a $2.7 billion write-down of Ford’s investment in the business. Ford Lost Money in the Third Quarter as Costs Surged 2022-10-26T04:00:00Z Spending cuts, tax hikes and debt write-downs are a common formula for bankrupt countries, but crisis veterans say there are some uniquely difficult elements here. Analysis: Sri Lanka has an IMF deal, now it courts China and India 2022-09-06T04:00:00Z Below is a compilation of write-downs that global banks took during the second quarter: Factbox: U.S., European banks could lose over $5 bln from risky buyout loans 2022-08-17T04:00:00Z Instead of debuting on HBO Max as originally planned or being retro-fitted for a theatrical run, the film will now become a tax write-down. Box office: 'Bullet Train' arrives with so-so $30.1 million debut, 'Easter Sunday' stumbles 2022-08-07T04:00:00Z Wells Fargo reported its second-quarter earnings, revealing an increase in credit loss reserves, write-downs on investments and slowing home loan activity. Big Banks Send Mixed Signals on Economic Outlook 2022-07-15T04:00:00Z In May, the company’s first earnings report since Mr. McCarthy took over included over $200 million in write-downs and a 24 percent drop in revenue from last year. Peloton, seeking to cut costs, will no longer manufacture its bikes. 2022-07-12T04:00:00Z Repsol sold its last remaining stakes in Russian exploration businesses in January, leaving it free from the potential write-downs on assets there that larger peers including BP are now navigating after Moscow's invasion of Ukraine. EXCLUSIVE Spain's Repsol in talks to sell 25% of oil and gas unit to EIG, sources say 2022-06-07T04:00:00Z The company did not disclose any Russia-related charges or write-downs in its quarterly earnings call on May 3, suggesting the loss of its Russian business may not have been material to its finances. Starbucks is leaving Russia, permanently closing 130 coffee shops 2022-05-23T04:00:00Z Amazon reported its first quarterly loss since 2015 last month, stalled by a slowdown in pandemic-induced online shopping, in addition to a huge write-down of its investment in an electric-vehicle startup. Consumers shift again, flummoxing big retailers like Target 2022-05-18T04:00:00Z The reversal of a previous write-down of deferred tax assets last fiscal year also helped send the latest annual profit lower due to the absence of the tax-reduction perk. Sony’s profit surges on healthy film, game, music growth 2022-05-10T04:00:00Z But the billion-dollar write-downs being recorded by energy companies are relatively small as a percentage of their market values. Oil giants hit with multibillion-dollar charges for leaving Russia 2022-05-03T04:00:00Z Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia. Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. 2022-04-29T04:00:00Z The write-down does not impact the company’s comparable operating result but the actions regarding the business in Russia have a negative impact on its operational financials. Factbox - Companies count the cost of ditching Russia 2022-04-29T04:00:00Z The company reported a decline in sales and huge write-down of its investment in an electric vehicle startup. Asian shares jump as Chinese leaders pledge help for economy 2022-04-28T04:00:00Z The Danish paint maker said on April 8 it had initiated the sale of its Russian and Belarusian companies, taking a 115 million Danish crown write-down. Factbox: Companies sell their businesses in Russia 2022-04-28T04:00:00Z But by a different measure of underlying profit, which doesn’t include the write-down, the British company’s net profit swelled to $6.2 billion, helped along by what the company called “exceptional” oil and gas trading. Oil giants hit with multibillion-dollar charges for leaving Russia 2022-05-03T04:00:00Z Canopy said it expected to take charges of C$250 million to C$300 million in the fourth quarter, most of which would relate to the write-down of excess inventory. Pot producer Canopy to cut 250 jobs in profitability bid 2022-04-26T04:00:00Z The Finnish engineering group said it made a write-down of 79 million euros in orders from Russia in the first quarter. Factbox: Companies count the cost of ditching Russia 2022-04-22T04:00:00Z The brewer said it also expected impairment charges in Ukraine of 300 million crowns along with goodwill write-downs of 700 million crowns for the Central and Eastern Europe region, which includes Ukraine. Carlsberg expects $1.4 billion writedown on Russia divestment 2022-04-21T04:00:00Z It had previously said the Russia write-downs would reach around $3.4 billion. Shell raises Russia writedown to as much as $5 billion 2022-04-07T04:00:00Z Overall losses, including anticipated sovereign debt write-downs, are even bigger. Factbox: How bad is Lebanon's economic meltdown? 2022-01-23T05:00:00Z The company had reported a 160 million euro net loss in the same period of 2020 following a 785 million euro write-down of assets in Argentina. Telefonica swings into Q3 net profit, reiterates annual outlook 2021-11-04T04:00:00Z Carnival, which is headquartered in Miami but incorporated in Panama, said that after write-downs its adjusted loss was $1.99 billion in the third quarter, which ended Aug. 31. Carnival loses $2.8 billion but sees solid 2022 bookings 2021-09-24T04:00:00Z As the company worked through issues with regulators, it twice delayed its annual report and unveiled further write-downs of its well-known brands. Kraft Heinz will pay $62 million to settle accusations of an accounting ‘scheme.’ 2021-09-03T04:00:00Z In part, the loss was due to a historic $19 billion write-down on the value of its assets. The Little Hedge Fund Taking Down Big Oil 2021-06-23T04:00:00Z They get used as a write-down, put down in the ledgers as “losers” no matter how much they win, and have to suffer the mansplaining of Emmert while they’re at it. Perspective | The NCAA’s shell game is the real women’s basketball scandal 2021-03-25T04:00:00Z In a filing with the Securities and Exchange Commission it attributed most of the huge loss to write-downs of the value of gas fields under ExxonMobil’s control. Oil companies’ losses in 2020 were staggering. And that was before the government focused on climate change. 2021-02-04T05:00:00Z And aside from the write-downs, Exxon made a small profit in the last three months of the year. After a Bruising Year, the Oil Industry Confronts a Diminished Future 2021-02-02T05:00:00Z Excluding the massive write-downs and other impairment costs, the company said it earned 3 cents per share. Hit by pandemic, oil giants Exxon, BP post huge 2020 losses 2021-02-02T05:00:00Z Another extension benefits the motorsports entertainment industry, such as NASCAR, by allowing for the faster write-down of costs related to their complexes. Tucked into Congress’ massive stimulus bill: tens of billions in special-interest tax giveaways 2020-12-22T05:00:00Z The SEC has been looking into the company’s $22 billion write-down of its power division, which was disclosed two years ago. Regulators may take action against GE over faulty accounting 2020-10-06T04:00:00Z Other oil majors also pointed to write-downs as the reason for all the red ink and parentheses. Oil companies’ losses in 2020 were staggering. And that was before the government focused on climate change. 2021-02-04T05:00:00Z “Mezzanine” lenders — insurance companies, pension funds and private investment pools that earn higher interest rates for taking the first credit losses — are likely to suffer significant write-downs. Perspective | Not so fast, urban exodus: Coronavirus could make New York and San Francisco great places to live again 2020-09-22T04:00:00Z But not shipping the goods to retailers means losing sales and big write-downs on inventory. Suppliers reluctant to ship goods without credit insurance 2020-09-06T04:00:00Z The items included nearly $5 billion of write-downs, in large part related to Disney’s traditional international television business. Disney, Staggered by Pandemic, Sees a Streaming Boom 2020-08-04T04:00:00Z Companies don’t usually break out those expenses, which of late have been overshadowed by massive write-downs for unsold inventory and lower online profits. As virus-wary shoppers opt for online purchases, retailers pay the price 2020-07-15T04:00:00Z In a statement about BP's write-down, CEO Bernard Looney said it was "rooted in our net zero ambition and reaffirmed by the pandemic." BP and Shell will keep (some of) it in the ground 2020-07-06T04:00:00Z BP and Shell have both taken multibillion-dollar write-downs on the value of their assets, warning investors that it will take a long time for the economy to recover after the pandemic. UK firms slash jobs to cope with outbreak’s long term impact 2020-07-01T04:00:00Z The company predicted the write-down for the quarter and said it continues “to adapt to ensure the business remains resilient” in challenging times. Shell writes down oil and gas assets by $22 billion 2020-06-30T04:00:00Z The write-downs are an acknowledgment that the oil and gas fields on BP’s books are not worth as much as they used to be, and will probably stay that way for the foreseeable future. BP Prepares for a Future That Needs Less Oil 2020-06-15T04:00:00Z The old one allowed lenders to wait to write-down values until losses were clear. Crisis-hit Wall Street checks in to Zandi's 'impairment studio' 2020-05-29T04:00:00Z Some of the decline was due to write-downs of the worth of minority investments. Uber says 'no sacred cows' as it faces crisis 2020-05-07T04:00:00Z Ultimately, we need way more than debt write-downs or even debt abolition to heal what ails us. Cancelling student debt was always the right thing to do. Now it's imperative | Astra Taylor 2020-04-07T04:00:00Z Chevron in December took a multibillion-dollar write-down on its Appalachian shale assets, dominated by gas reserves in Pennsylvania, and said it might sell them. Fracking Once Lifted Pennsylvania. Now It Could Be a Drag. 2020-03-31T04:00:00Z The write-downs are being taken for two reasons. BP Prepares for a Future That Needs Less Oil 2020-06-15T04:00:00Z “We will see write-downs, restructuring and radical change.” The fossil fuel industry is broken - will a cleaner climate be the result? 2020-04-01T04:00:00Z “They’re going to have to take a write-down. It’s an asset on their books and it’s worth a lot less,” said Craig Pirrong, a finance professor at the University of Houston. Stock market rout doubles pain for energy firms that took shares for deals 2020-03-16T04:00:00Z It also said it anticipated some drag from write-downs on payments linked to its business in Iran, and the impact of asset sales made during the year. South Africa's MTN flags 2019 profit jump of up to 50% 2020-02-11T05:00:00Z While one-time asset sales or write-downs were large factors, the two companies said earnings suffered from weaker margins in crude oil, chemicals and fuel production. Airbus agrees to $4 billion settlement in international corruption case 2020-01-31T05:00:00Z Oil companies periodically review their businesses, leading to write-downs. BP Prepares for a Future That Needs Less Oil 2020-06-15T04:00:00Z This money, the IMF notes, is in addition to the $492 billion in direct subsidies offered by governments around the world through write-offs, write-downs and land-use loopholes. The disaster of utopian engineering 2020-01-31T05:00:00Z Companies may have some discretion over when they take the write-down, said Pirrong, and could potentially wait a quarter to see if the stock bounces back from its drop. Stock market rout doubles pain for energy firms that took shares for deals 2020-03-16T04:00:00Z “Bombardier will disclose the amount of any write-down when we complete our analysis and report our final fourth quarter and 2019 financial results.” Bombardier shares dive on profit warning, Airbus A220 writedown 2020-01-16T05:00:00Z “We expect the trend of write-downs to continue as price outlooks are adjusted down,” said Tom Ellacott, senior vice president at Wood Mackenzie, a research firm. Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits 2019-12-11T05:00:00Z More than half the write-down is related to gas drilling operations in Appalachia. Chevron will write down assets by at least $10 billion 2019-12-10T05:00:00Z The write-down was solely because of a dimmer price outlook. Spanish oil and gas company vows to become a net-zero emitter of carbon 2019-12-03T05:00:00Z One of these includes an extension of maturities to ease the pressure on Argentina’s struggling finances, but no write-down. Argentina creditors jockey for lead ahead of $100 billion debt talks 2019-11-22T05:00:00Z Most of the loss reflected a write-down of the company’s news assets. Column: The Gannett/GateHouse merger sends a dismal signal about the future of local news 2019-11-19T05:00:00Z The latest of Kraft Heinz’s well-publicized write-downs were on Miracle Whip and Maxwell House, for example. Campbell’s hopes to make canned soup a hot commodity again 2019-11-17T05:00:00Z Earlier this year, the maker of Heinz ketchup explored the possibility of selling Italy-based Plasmon and other labels, as it grappled with write-downs for some of its brands and an investigation into its accounting policies. Kraft Heinz sees potential in baby food, will keep Plasmon 2019-10-23T04:00:00Z SoftBank and the Vision Fund now face the prospect of harsh write-downs on some of their investments. SoftBank Bet Big on Disruptive Companies. Many Have Not Paid Off. 2019-09-26T04:00:00Z After taking a $15.4 billion write-down in February and slashing its dividend by a third, the company reduced the value of its assets by an additional $1.22 billion last month. Kraft Heinz: Two Food Giants That Haven’t Gone So Well Together 2019-09-24T04:00:00Z Argentina’s “Century Bond” maturing in 2117 040114HQ6= traded at a record low below 39 cents on the dollar, showing the kind of write-down markets are now bracing for. Argentine asset prices fall further as S&P rating cut prompts sales 2019-08-30T04:00:00Z The once-celebrated American company has been scarred by troubles in its power business, larger than expected write-downs, and regulatory review of its accounting practices. GE stock rebounds as investors push back against report’s fraud allegations 2019-08-16T04:00:00Z GE’s accounting practices are being scrutinized by the SEC and the Department of Justice regarding a $6 billion charge to its insurance business and a $22 billion write-down to its struggling power division. General Electric shares plunge after report alleges it’s a ‘bigger fraud than Enron’ 2019-08-15T04:00:00Z It also contains 25 billion euros of assets, mostly credit and interest rate derivatives, which Deutsche Bank initially hived off for sale or write-down in 2017. Exclusive: Deutsche Bank faces $1.1 billion bill to exit derivatives 2019-08-02T04:00:00Z And in February, the company took the $15.4 billion write-down, signaling that its beloved brands were less valuable than when it acquired them four years ago. Kraft Heinz: Two Food Giants That Haven’t Gone So Well Together 2019-09-24T04:00:00Z It is doubtful that the bank would be able to sell the positions in their entirety without taking a large write-down requiring the bank to raise capital from shareholders, the three people said. Exclusive: Deutsche Bank's problem derivatives cloud recovery -... 2019-07-23T04:00:00Z Last week, the Walt Disney Company, which owns about 27 percent of Vice, revealed in a securities filing that it had taken a $353 million write-down on its stake. Vice Tries to Turn the Page by Making Content for Others 2019-05-16T04:00:00Z Some £1.1bn of the loss was caused by the decision to write-down the value of My Travel, the business it merged with in 2007. Thomas Cook says Brexit hitting holiday plans 2019-05-16T04:00:00Z Disney took a $157-million write-down on its Vice investment last year. Disney writes off its Vice stake in latest sign of trouble for digital media firm 2019-05-08T04:00:00Z They wanted to avoid any more write-downs that might result if the company defaulted on the loans. The IRS tried to take on the ultrawealthy. It didn’t go well. 2019-04-06T04:00:00Z The loss included a 882.2 million pound non-cash write-down of its retail business after the UK government’s decision to cut stakes on gambling machines to 2 pounds. William Hill 2019 outlook in line as U.S. expansion ramps up 2019-03-01T05:00:00Z Problems at Kraft Heinz, which on Thursday reported weak fourth-quarter earnings and a $15.4 billion write-down, also weighed on Berkshire, which owns a nearly 27 percent stake in the food company. Warren Buffett’s Letter: Big Stock Losses, the U.S. Budget Deficit and Jokes 2019-02-23T05:00:00Z The write-down reduced the value on the balance sheet of United States and Canadian operations and the Kraft and Oscar Mayer trademarks, the company said. Kraft Heinz Stock Plunges as Tastes Change and S.E.C. Investigation Begins 2019-02-22T05:00:00Z Food conglomerate Kraft Heinz took a $15.4 billion write-down in two of its most powerful brands this week, a jarring warning that even the most iconic American names are vulnerable to shifts in consumer tastes. Kraft’s iconic American cheese is losing ground in today’s America 2019-02-22T05:00:00Z Late on Thursday, it revealed a $15.4 billion write-down tied to its Kraft and Oscar Mayer brands, slashed its dividend by about a third and disclosed an SEC investigation of its procurement accounting practices. Kraft Heinz' problems shine light on controversial budget tool 2019-02-22T05:00:00Z Asset and goodwill impairment write-downs also contributed to the loss, it said. A flood of profit warnings from Chinese firms as slowdown bites 2019-01-31T05:00:00Z “There was certainly resistance to the write-down,” said Andrews, who spent more than a year negotiating with the consortium of lenders, the provider of the proton-therapy equipment and SCCA. High-tech Seattle cancer center gets new life as lenders get $135M ‘haircut’ 2018-11-30T05:00:00Z Disney Consumer Products reported another drop in operating income — its fifth quarterly decline in a row — because of write-downs related to the Disney Store chain and worsening licensing results for the “Cars” franchise. Disney’s Profit Soars, but Focus Remains on Its Coming Streaming Service 2018-11-09T05:00:00Z The company is already shuttering its Orchard Supply chain of 99 stores, leading to between $390 million and $475 million in write-downs. Lowe's to shut 51 underperforming stores in U.S., Canada 2018-11-05T05:00:00Z Others said it was not just cost-cuts that led to the write-down of the Kraft and Oscar Mayer brands. Kraft Heinz' problems shine light on controversial budget tool 2019-02-22T05:00:00Z Embattled industrial giant General Electric said Tuesday that federal regulators are looking into its accounting practices regarding a $22 billion write-down from the company’s power business. GE shares fall after company says Justice Department, SEC looking into its $22 billion write-down from power business 2018-10-30T04:00:00Z The write-down of $22 billion, formally announced on Tuesday, is virtually all of the good will in that business — everything other than hard assets like factories and equipment. Job No. 1 for G.E.’s New Chief: Fix Its Ailing Power Business 2018-10-30T04:00:00Z The Justice Department is also examining the write-down, which stems from goodwill impairment. GE slashes dividend and reveals bigger investigation by U.S. regulators - Los Angeles Times 2018-10-30T04:00:00Z Once among the company’s star performers, GE Power — about 30 percent of its $122 billion in annual sales — is the source of an embarrassing $23 billion write-down that accompanied Monday’s announcement that Flannery was exiting. Larry Culp’s long to-do list to fix GE 2018-10-05T04:00:00Z The big write-down and the rock-bottom valuation, analysts say, suggest that the G.E. board was not confident that the power business was on a recovery path. G.E. Ousts Chief Just Over a Year After Picking Him to Lead a Turnaround 2018-10-01T04:00:00Z Wells Fargo’s wealth and investment management net income slid 37 percent in the second quarter from a year earlier, reflecting a $214 million write-down on the sale of its stake in the RockCreek Group. Wells Fargo CFO says reputation issues a challenge for wealth unit 2018-07-13T04:00:00Z Disney was forced to scrap “Gigantic,” an animated take on “Jack and the Beanstalk,” and took a $98 million write-down. Pixar Co-Founder to Leave Disney After ‘Missteps’ 2018-06-08T04:00:00Z In the nine years after the crisis, RBS’s losses amounted to a staggering £58.4bn, as write-downs, fines and restructuring costs piled up. Britain’s government cuts its losses on Royal Bank of Scotland 2018-06-05T04:00:00Z General Electric’s inexorable downward spiral has been marked by massive, unforeseen write-downs, a cut in its dividend and a boot off its prestigious perch on the Dow Jones industrial average after more than a century. Larry Culp’s long to-do list to fix GE 2018-10-05T04:00:00Z The film, which cost an estimated $250 million to produce, may result in a write-down of $50 million or more for Disney, one analyst predicted Monday. As 'Solo' sputters, some are nervous about Disney's 'Star Wars' future 2018-06-05T04:00:00Z These figures exclude the cost of fines and goodwill write-downs and assume that today’s capital levels were always in place. Should one of the world’s largest banks be wound down? 2018-04-19T04:00:00Z Those accepting bonds due 2034 would be repaid in full and earn higher interest rates while those opting for faster repayment would accept write-downs as high as 20% and be paid less interest. Mozambique Unveils Debt-Restructuring Proposal 2018-03-20T04:00:00Z The company did reverse some of the write-downs it took on reserves as oil prices rose. Exxon CEO struggles to reverse Tillerson's legacy of failed bets 2018-03-07T05:00:00Z Last year Harvard University shocked the investment world when it announced a $1.1 billion write-down of its natural resources portfolio, much of it in alternative investments. College Endowments Opt for Alternative, and Less Lucrative, Route 2018-02-22T05:00:00Z The improvement was primarily due to a comparison to last year, when results were affected by a significant impairment charge and asset write-down. News Corp Revenue Boosted by Digital Real Estate Unit 2018-02-08T05:00:00Z The bank narrowed its write-downs on bad loans to 2.6 billion from over 12 billion last year. Italy’s UniCredit rebounds to 4Q, FY profits 2018-02-07T05:00:00Z GM’s net loss for the final three months of 2017 included a $7.3 billion noncash write-down to reflect the loss in value of deferred tax assets held on its balance sheet. GM Posts Loss on Tax Changes, Logs Strong Demand for Pickups and SUVs 2018-02-06T05:00:00Z The company did reverse some of the write-downs it took on reserves as oil prices rose. Exxon CEO struggles to reverse Tillerson's legacy of failed bets 2018-03-07T05:00:00Z Based on GE’s poor record of forecasting, it seems that large write-downs are possible. GE’s flow of financial information has become fantastically muddled 2018-01-25T05:00:00Z Lots of lenders are inhibited from offering more flexible terms to their unfortunate borrowers by loss-provision rules and write-down formulas set by regulators. How microcredit can help poor countries after natural disasters 2018-01-25T05:00:00Z The International Monetary Fund warned last month that Iran’s banks and lenders “need urgent restructuring and recapitalization,” calling for write-downs of overvalued assets and a crackdown on loans to insiders. How Corruption and Cronyism in Banking Fueled Iran’s Protests 2018-01-20T05:00:00Z General Motors Co. earlier on Tuesday said it would book a $7 billion write-down due to reflect the loss in value of tax-deferred assets held on its balance sheet. Ford Motor Sees Lower Operating Profit on an Earnings-per-Share Basis 2018-01-16T05:00:00Z The actual write-downs were even larger than that, more than $22 billion just in the quarter. Tax law brings big paper losses, long-term gains to US banks 2018-01-16T05:00:00Z Credit Suisse said last month that it would take a $2.3 billion write-down because of the tax bill. Companies Warn of Hits From Tax Cuts. Don’t Be Fooled. 2018-01-04T05:00:00Z President Donald Trump signed the legislation into law Friday, prompting Credit Suisse to write-down the value of its deferred tax assets in the U.S. US tax reform prompts $2.3 billion Credit Suisse write-down 2017-12-22T05:00:00Z Around $40 million of that was a write-down for unsold Spectacles. Snap’s stock price plummets after weak earnings 2017-11-07T05:00:00Z According to analysis by tax expert Ruta Bilkstyte, the loss was achieved by a write-down of the company's fixed assets, the largest of which was the mall building itself. Bono linked to tax probe in Lithuania 2017-11-06T05:00:00Z Citi’s exposure to these deferred tax assets is abnormally large — more than $45 billion before Tuesday’s write-down — and is a byproduct of what happened to the bank during the financial crisis. Tax law brings big paper losses, long-term gains to US banks 2018-01-16T05:00:00Z Schlumberger already has taken hundreds of millions in write-downs or impairments on some of these joint ventures, according to its financial filings. The next oil major? Service firm Schlumberger's big bet on production 2017-09-08T04:00:00Z The company said the loss in the quarter was due to a pre-tax non-cash impairment charge of $464 million, mainly related to the write-down of fixed assets at its UK newspapers. News Corp revenue misses on weak demand for print advertising 2017-08-10T04:00:00Z Toshiba, the sprawling technology conglomerate, is struggling to hold itself together after a series of multibillion-dollar reporting discrepancies and write-downs linked to its United States nuclear power business. Fujifilm-Xerox Venture Ousts Executives Over Accounting Trouble 2017-06-12T04:00:00Z The studio reported an operating loss of $719 million in the fiscal year ended March 31, mostly due to an enormous write-down the parent company declared against the studio this year. Meet Tony Vinciquerra, the 'not flashy' executive tasked with fixing struggling Sony Pictures 2017-05-11T04:00:00Z The other component of the bank’s write-downs this week is the repatriation of foreign earnings. Tax law brings big paper losses, long-term gains to US banks 2018-01-16T05:00:00Z Schlumberger already has taken hundreds of millions in write-downs or impairments on some of these joint ventures, according to its financial filings. The next oil major? Service firm Schlumberger's big bet on production 2017-09-08T04:00:00Z The company said the loss in the quarter was due to a pre-tax non-cash impairment charge of $464 million, mainly related to the write-down of fixed assets at its UK newspapers. News Corp revenue misses on weak demand for print advertising 2017-08-10T04:00:00Z The studio’s film division has struggled badly, recently prompting a $1 billion write-down, but television production — all but abandoned by Sony 16 years ago — has become an engine. Sony Pictures, Shifting Toward TV, Names Tony Vinciquerra Its C.E.O. 2017-05-11T04:00:00Z The write-down, disclosed in SoftBank’s results for the year ended in March, will likely help the Japanese telecommunications and internet company reboot its investment strategy in India. SoftBank Writes Down $1.4 Billion on Investments in Latest Fiscal Year 2017-05-10T04:00:00Z Nordstrom recently announced layoffs and told investors it plans to focus on e-commerce, despite its Trunk Club write-down. As Department Stores Close, Stitch Fix Expands Online 2017-05-10T04:00:00Z In the second quarter of 2015, the company took a $720 million charge for currency devaluation and asset valuation write-downs as the economy faltered. GM faces hard road getting compensated for Venezuela factory 2017-04-20T04:00:00Z The alpacas write-off applies to small business owners of all stripes, letting them speed up depreciation write-downs of business expenses such as equipment. How losing lottery tickets and alpaca farms turn into billion-dollar tax loopholes 2017-04-05T04:00:00Z Months after unveiling billions of dollars of write-downs at its nuclear subsidiary Westinghouse Electric, the Japanese conglomerate still hasn’t emerged from the abyss. Toshiba Needs to Contain Its Nuclear Problems 2017-03-17T04:00:00Z Trump took a write-down of more than a hundred million dollars in 2005, his initial tax liability was just $5.3 million. Who Leaked Part of Donald Trump’s 2005 Federal Tax Return? 2017-03-15T04:00:00Z In October, amid the heat of the presidential campaign, the New York Times reported on portions of Trump's 1995 state returns, which showed that he took a write-down of nearly $1 billion. Another piece of Trump's taxes revealed: $35 million paid on $150 million in income in 2005 2017-03-14T04:00:00Z The AMT rejects specific deductions, including for dependents and assorted real estate write-downs. Trump paid $38 million in income taxes in 2005, the White House says 2017-03-14T04:00:00Z That would be the largest asset write-down in its history. Are fossil fuel companies telling investors enough about the risks of climate change? Probably not, but it’s complicated 2017-02-19T05:00:00Z This week, the Japanese conglomerate announced a $6.3 billion write-down and flip-flopped on its intentions to sell its chip business, which provides more than 80% of its operating profits. Toshiba and Japan’s Struggling Banks 2017-02-17T05:00:00Z The film eventually grossed $260 million worldwide, far below expectations, leading Disney to take a write-down of as much as $190 million for the production. Gore Verbinski opens up about his Hollywood hiatus, finding 'A Cure for Wellness' and sock puppets 2017-02-17T05:00:00Z The company expects a big write-down for the value of the acquisition. Toshiba delays earnings reports until March over audit woes 2017-02-13T05:00:00Z TOKYO—Sony Corp. cut its net profit forecast for the current fiscal year Thursday, following a nearly $1 billion write-down on its struggling Hollywood movie studio unit. Sony Slashes Profit Forecast After Writing Down Nearly $1 Billion on Movie Unit 2017-02-02T05:00:00Z More write-downs — this time possibly oil sands — may be forthcoming. Are fossil fuel companies telling investors enough about the risks of climate change? Probably not, but it’s complicated 2017-02-19T05:00:00Z Toshiba is expected to detail the extent of its write-downs next month. Toshiba, Desperate for Cash After Scandal, Will Sell Microchip Business 2017-01-27T05:00:00Z The Japanese firm may announce write-downs in February of up to $6bn on its American nuclear business. How to build a nuclear-power plant 2017-01-26T05:00:00Z Facing the prospect of billions of dollars in write-downs at its nuclear business, the Japanese company said Wednesday it is weighing a spinoff of its memory unit, its most-profitable business and so the easiest to... Troubled Toshiba Looks to Sell the Family Silver 2017-01-18T05:00:00Z Still, with a $125-million production budget, the film can’t be considered anything but a monster flop, and Paramount has already announced it will take a $115 million write-down on the film. 'Hidden Figures' triumphs at the holiday weekend box office, while Affleck and Scorsese fizzle 2017-01-16T05:00:00Z These data allow investors to estimate reasonably accurately the effects of climate change on companies, including the expectation of write-downs. Are fossil fuel companies telling investors enough about the risks of climate change? Probably not, but it’s complicated 2017-02-19T05:00:00Z China wasn’t the only place the Heard made a good negative call: Shares of Toshiba Corp. fell 20% after it warned of write-downs in its nuclear business. The Best and Worst Asia Calls of 2016 2016-12-29T05:00:00Z The fall followed a 12% decline on Tuesday after initial reports of the write-down. Toshiba Shares Crash After Write-Down Warning 2016-12-28T05:00:00Z The Japanese group said cost overruns at U.S. power projects handled by a nuclear construction business newly acquired from Chicago Bridge & Iron would be much greater than initially expected, potentially requiring a huge write-down. Toshiba may lose billions of dollars on troubled U.S. nuclear power deal 2016-12-27T05:00:00Z TOKYO— Toshiba Corp. said Tuesday it would record another hefty write-down connected to its U.S. nuclear business, clouding the company’s plan for turning around after an accounting scandal in 2015. Toshiba Expects Hefty Write-Down Related to U.S. Nuclear Unit Westinghouse 2016-12-27T05:00:00Z There will be offsets, such as write-downs on certain securities that would hit capital levels, and reduced mortgage activity. Banks’ Interest-Rate Dreams Coming True 2016-12-26T05:00:00Z The bad-debt write-down, restructuring costs and other bits and bobs will partially offset the gains from these sales and the rights issue. Italy’s biggest bank unveils a recapitalisation plan 2016-12-15T05:00:00Z The prospect of falling rents explains the valuation write-downs announced this week by Britain’s largest property companies. London Offices: Brexit Isn’t the Only Problem 2016-11-17T05:00:00Z The table which followed cited the 5.9 billion pounds figure in a column called "Estimated write-downs before tax." RBS rejected Goldman, Deloitte warning over 2008 cash call, lawsuit alleges 2016-11-17T05:00:00Z Adjusted earnings, which exclude the write-downs, grew to 88 cents from 80 cents. Lowe’s Cuts Guidance Amid Traffic Slowdown 2016-11-16T05:00:00Z Energy Transfer Partners also reported lower earnings on a write-down of its investment in the Midcontinent Express Pipeline. ·Energy Transfer Equity, Energy Transfer Partners Post Weaker Results 2016-11-09T05:00:00Z Beyond that, the key is to find buyers for the legacy assets, but at reasonable prices that don’t require big write-downs. AIG’s Turnaround Hits a Pothole but Stays on the Road 2016-11-03T04:00:00Z Last year, Repsol suffered in the wake of a slump in oil prices and U.S. asset write-downs. Repsol turns a Q3 profit on lower costs and asset sale 2016-11-03T04:00:00Z He accused the board of acting illegally by dismissing him and alleged accounting irregularities and the need for $18 billion in write-downs. The Outdated Tata Way 2016-11-02T04:00:00Z In contrast, Exxon Mobil resisted write-downs, saying that it conservatively valued its assets on a long-term basis and that price volatility was normal in commodity markets. Exxon Concedes It May Need to Declare Lower Value for Oil in Ground 2016-10-28T04:00:00Z It resulted in billions of dollars in write-downs and years of litigation. AT&T and Time Warner hope to break the cycle of failed mergers 2016-10-28T04:00:00Z Only eight months later, Deutsche Telekom announced a write-down on the valuation of its real estate portfolio, sparking a slide in the shares, which now trade at around 13 euros. Lawyer urges court to speed up 2001 Deutsche Telekom case 2016-10-27T04:00:00Z The company recorded a net charge of $172 million, including a write-down of some intangible assets. DuPont reports steep drop in quarterly profit 2016-10-25T04:00:00Z Sloppy mortgage underwriting and lax bond ratings contributed to the financial crisis that caused at least $1.9 trillion in credit losses and write-downs at banks worldwide as home loans defaulted at record rates. moodys-swoons 2016-10-22T04:00:00Z Exxon Mobil’s oil sand reserves in Canada’s Alberta province are a prime target for a write-down because they are particularly expensive to mine. Exxon Concedes It May Need to Declare Lower Value for Oil in Ground 2016-10-28T04:00:00Z Royal Dutch Shell reported a write-down of more than $8 billion. A New Debate Over Pricing the Risks of Climate Change 2016-09-26T04:00:00Z A fire sale is not possible without write-downs since the unit, which was valued at 4.5 billion euros at the end of last year, is now worth between 2-2.5 billion euros, analysts say. Deutsche Bank's options to solve capital dilemma seen to be limited 2016-10-17T04:00:00Z And, last month, Viacom made the startling disclosure that it was taking a $115-million write-down for “Monster Trucks,” a movie that rolls into theaters in January. CBS Chief Executive Leslie Moonves could be key to Viacom's future 2016-10-13T04:00:00Z Trump’s accountants probably used losses on the sale or write-down of assets that Trump purchased with the $900 million in loans to help generate the enormous business loss reported on his 1995 tax return. The Daily 202: Want to know why Trump’s winning Ohio? Drink a beer with ‘the deplorables’ in Boehner’s old district. 2016-10-04T04:00:00Z Neiman Marcus Inc. posted a much deeper loss in its fourth quarter as sales slowed and the company was hit by substantial write-downs. Neiman Marcus Posts Deeper Loss on Write-Downs 2016-09-26T04:00:00Z Studios traditionally announce write-downs on underperforming movies during quarterly earnings reports. Paramount Takes $115 Million Write-Down for Movie That Isn’t Released Yet 2016-09-22T04:00:00Z The company also disclosed that it was taking a $115-million write-down because it was expecting another wreck at the box office, “Monster Trucks,” which is due in theaters in January. Moody's downgrades Viacom credit 2016-09-22T04:00:00Z After write-downs, the amount of bad loans falls to €87 billion. Stress Tests Find Some Big European Banks Wanting 2016-07-29T04:00:00Z One of the bills Brown vetoed, for example, would have given tax forgiveness to homeowners who managed to get write-downs on their underwater mortgages. California Editorial Roundup 2016-09-21T04:00:00Z The company also announced it was taking a write-down in the current quarter because of the anticipation of another disappointment from Paramount Pictures. Viacom shake-up continues; interim CEO Tom Dooley is out 2016-09-21T04:00:00Z In response to a report in The Wall Street Journal about the New York attorney general’s probe into write-downs last week, an Exxon spokesman said the company follows all rules and regulations. SEC Probes Exxon Over Accounting for Climate Change 2016-09-20T04:00:00Z For many producers, such losses in net income and reserves would make write-downs inevitable, but Exxon didn’t write down the overall value of its reserves. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z The former H-P took an $8.8 billion write-down on the Autonomy deal and accused Autonomy of inflating its financial results, an allegation disputed by Autonomy’s former management. HP Enterprise Seeks Buyer for Software Operations 2016-09-01T04:00:00Z Struggling homeowners fight hard to get those write-downs, which can make the difference for people trying to keep their homes. California Editorial Roundup 2016-09-21T04:00:00Z The data came before the Zenefits write-down, though other investments in this fund may have appreciated. Andreessen Horowitz’s Returns Trail Venture-Capital Elite 2016-09-01T04:00:00Z Companies tend to put pension-fund deficits in the same box as goodwill write-downs or hedge revaluations: accounting technicalities with little bearing on business. This Kind of Corporate Debt Gets Bigger as Rates Drop 2016-08-19T04:00:00Z That reduces its exposure to write-downs if the assets later prove to be worth less than expected, it says. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z The company took a write-down earlier this year on the residual value of its used equipment. Lean Harvest Expected for Deere 2016-08-18T04:00:00Z Exxon, Shell and Total SA TOT 1.19 % all notched losses or write-downs from their shale businesses, even before oil prices began falling two years ago. Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling 2016-08-16T04:00:00Z Excluding write-downs and other items, adjusted per-share earnings from continuing operations were 19 cents. Williams Swings to Loss, Slashes Dividend 2016-08-01T04:00:00Z However, the structure of the deal means that the price is really closer to 27%, as Berenberg notes, and that entails billions more in write-downs for others. Why All Italians Feel Monte dei Paschi’s Pain 2016-08-01T04:00:00Z Exxon hasn’t taken any write-downs—the only major oil producer not to do so—which has led some analysts to question its accounting practices. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z Chevron Corp. missed profit and production estimates as wildfires, write-downs and weak refining margins battered oil explorers already reeling under a glut-driven price collapse. Employment cost index increases 0.6 percent in the second quarter 2016-07-29T04:00:00Z Underlying earnings exclude one-time items such as accounting write-downs. Anglo American Just Scratching Surface in Effort to Slim Down 2016-07-26T04:00:00Z Williams posted a second-quarter loss mostly on an asset write-down related to Canadian operations the company wants to sell. Williams Swings to Loss, Slashes Dividend 2016-08-01T04:00:00Z The company took a big accounting write-down last week to reflect the declining value of Tumblr. Plenty of questions for Yahoo users as Verizon takes over 2016-07-25T04:00:00Z Exxon’s ability to avoid write-downs—and potential losses that come with them—has been among the factors helping the company outperform rivals since prices began falling in mid-2014. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z For example, its loss ballooned in the second quarter on write-down of Tumblr’s value. Why the Yahoo Bid Is a Rounding Error 2016-07-22T04:00:00Z The pain continued in its most recent quarter with further write-downs and restructuring charges related to its phone business totaling $1.1 billion. Microsoft Earnings Are Up, Cushioned by Its Cloud Business 2016-07-19T04:00:00Z The answer to Italy’s banking problems seems sure to involve more capital—from whatever source—more asset sales and more write-downs, as well as consolidation of smaller lenders, which the government is encouraging. Crisis and opportunity 2016-07-07T04:00:00Z That was about three times the company’s loss in the previous quarter and largely reflected write-downs in the value of its phone business. A Sad Day for Punchers: BlackBerry to Discontinue Its Last Keyboard Phone 2016-07-05T04:00:00Z The company is known for its conservatism in recognizing the value of reserves, a practice that results in lower write-downs, said Sean Heinroth, a principal in the energy practice at management consultancy A.T. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z They tend to ignore the bad deals, dismissing the write-downs as one-time events that don't impact the future, says R.G. As desire to acquire mounts, so does risk of losses 2016-07-01T04:00:00Z The loss a year ago included $8.4 billion in charges related to a write-down in the value of the smartphone business it acquired from Nokia, along with expenses from layoffs in that group. Microsoft Earnings Are Up, Cushioned by Its Cloud Business 2016-07-19T04:00:00Z They tend to ignore the bad deals, dismissing the write-downs as one-time events that don’t impact the future, says R.G. As desire to acquire mounts, so does risk of losses 2016-07-01T04:00:00Z The heavy fall was due to restructuring costs and a write-down of some assets. Blackberry loss widens to $670m - BBC News 2016-06-23T04:00:00Z “I would have expected some write-downs, even to avoid being called out on it, on being the last company not to have write-downs,” he said. Exxon’s Accounting Practices Are Investigated 2016-09-16T04:00:00Z The company took an $8.8 billion write-down and accused Autonomy of inflating its results. Emails Reveal Bitter Silicon Valley Fight 2016-06-19T04:00:00Z But since Disney’s announcement earlier this year that it was shuttering its the toys-to-life Infinity line and taking a $147 million write-down on its games business, questions have swirled about the genre’s future. The Next 'Skylanders' Is Way More Imaginative Than Anybody Realizes 2016-06-01T04:00:00Z At Computer Sciences, Mr. Lawrie encountered issues such as a $1.45 billion write-down stemming from a disputed contract with a U.K. agency and a Securities and Exchange Commission investigation into its accounting practices. Computer Sciences CEO Is Betting on Expansion 2016-05-25T04:00:00Z The $20.6 million reflects the write-downs Abercrombie took, net of the amount it was able to recover selling inventory at a discount. Abercrombie: Pro Forma Results Aren’t Cool 2016-05-15T04:00:00Z The delays and cost overruns of the Dreamliner programme mean that, although it is selling well, it is not profitable and a write-down is likely. The eye of the storm 2016-05-12T04:00:00Z That led Disney to incur a $147 million charge that it said was "primarily due to an inventory write-down." Disney posts 2% increase in profit for second quarter, but misses analysts' expectations 2016-05-10T04:00:00Z That follows tens of millions of dollars in write-downs last year, partly related to the price cut for its Session. GoPro Swings to Deep Loss 2016-05-05T04:00:00Z Excluding write-downs, restructuring charges, acquisition-related costs, litigation and investigation charges and other items, adjusted per-share earnings from continuing operations fell to 45 cents from 67 cents. Tenet Healthcare Hurt by Lawsuit Costs, Helped by Decline in Uninsured 2016-05-02T04:00:00Z It excluded from pro forma earnings $20.6 million in charges related to a write-down of its inventory. Abercrombie: Pro Forma Results Aren’t Cool 2016-05-15T04:00:00Z That means, for the winning bidder, an almost never-ending stream of cash expenses and asset write-downs. Buying Yahoo Without Coming Off as One 2016-04-26T04:00:00Z Toshiba on Tuesday called the write-down purely an accounting move and expressed continued optimism about the business. Toshiba to Take $2.3 Billion Write-Down on Nuclear Business 2016-04-26T04:00:00Z The loss was driven primarily a write-down of 3.8 billion francs after Credit Suisse reassessed the value of its investment bank as part of the continuing overhaul. Credit Suisse Hires Former Deutsche Bank Executive 2016-04-20T04:00:00Z It made a $700 million write-down on its Australian metallurgical coal assets last year. Peabody Energy, U.S. Coal Giant, Files for Bankruptcy Protection 2016-04-13T04:00:00Z In contrast, the write-down Sumitomo announced on this project so far is a measly ¥77 billion. Sumitomo Corp.: Where Commodity Pain Has Yet to Be Acknowledged 2016-04-08T04:00:00Z The write-downs are an unwelcome distraction as Thiam, 53, embarks on Credit Suisse's biggest revamp in a decade. Credit Suisse faces tough questions after $1 billion write-downs 2016-04-04T04:00:00Z For the year ending March 2015, the company took a write-down of a little over a billion dollars in its consolidated numbers. Thousands of jobs at risk as India's Tata Steel seeks British exit 2016-03-30T04:00:00Z On Wednesday, Mitsui & Co. said it is facing its first-ever annual loss due to write-downs on investments that include the same Chilean copper mines. Mitsubishi Hit by Nearly $4 Billion in Commodities-Related Write-Downs 2016-03-24T04:00:00Z TOKYO--Mitsui & Co. said Wednesday that $2.3 billion in write-downs would result in the first annual loss in its 69-year history, as a global commodity slump takes a toll on Japanese trading houses. Mitsui Expects to Post First Annual Loss Ever 2016-03-23T04:00:00Z The bank also said that it expected further write-downs of $346 million related to the business in the first quarter. Credit Suisse Chief Says Risky Bets Were a ‘Surprise’ 2016-03-23T04:00:00Z A further $346 million in write-downs followed in the first quarter as of March 11, the bank disclosed on March 23. Credit Suisse faces tough questions after $1 billion write-downs 2016-04-04T04:00:00Z Since the recent crisis reflected the high number of write-downs on mortgage-related securitizations, especially on collateralized debt obligations, some banks increased their holdings while lowering the required capital buffer. The Circle of Crisis and Capital 2016-03-21T04:00:00Z A substantial loss thanks to write-downs to asset... Glencore: A Real Share-Price Rebound Depends on This 2016-03-01T05:00:00Z The $1.2 billion write-down of coal assets and contracts the company announced earlier in the week were a long-overdue step in the right direction. Noble Group Lays Building Blocks for Survival 2016-02-26T05:00:00Z The loss in the recent period included a $180 million write-down of the Sears trade name. Weak Holidays Force Retailers to Shrink, Rethink Web 2016-02-25T05:00:00Z PARIS—French power utility Engie said Thursday that it plunged to a net loss in 2015 after booking hefty write-downs prompted by problems in the oil and gas market. Engie Pushed to Loss by Hefty Write-Downs 2016-02-25T05:00:00Z Noble attributes the write-down to the recent climate-change agreement struck in Paris, which bodes ill for coal use, and the fall in oil prices, which act as a barometer for the energy industry. Noble Group Comes to Terms With Coal’s Collapse 2016-02-23T05:00:00Z E.ON booked an $8.9 billion impairment charge in November last year, accounting for lower electricity and commodity prices, asset write-downs and regulatory uncertainty. Knight Vinke Takes Stake in Germany Utility E.ON 2016-02-17T05:00:00Z Expectations of further write-downs remain an overhang on both the stock and the bonds. Noble Group Lays Building Blocks for Survival 2016-02-26T05:00:00Z These retail bonds would be vulnerable if banks run short of capital after big write-downs. A tempest of fear 2016-02-11T05:00:00Z Mr. Thiam quickly moved ahead with plans to raise capital and cut business such as foreign-exchange trading, prompting the latest write-downs. Credit Suisse Pays Price for 16-Year-Old Misstep 2016-02-04T05:00:00Z But for UBI and many of its peers, this year’s share price falls are pricing in bad loan write-downs that simply aren’t needed. Italian Banks: The World Hasn’t Really Changed 2016-01-26T05:00:00Z The latest period included a $335 million write-down tied to technology assets and other things. AmEx Offers Gloomy Outlook, as Profit Drops 38% 2016-01-22T05:00:00Z Woolworths said it would prefer a trade sale of the Masters business but hadn’t yet received any approaches from interested parties, leaving the possibility of large write-downs if the business is liquidated. Woolworths and Lowe’s Exit Home-Improvement Venture 2016-01-18T05:00:00Z That part of the write-down stemmed from a higher discount rate. Oil-Price Pain for BHP Billiton: More Cuts to Come 2016-01-15T05:00:00Z The German bank indicated at the time that the write-down was prompted in part by new regulatory requirements. Credit Suisse Pays Price for 16-Year-Old Misstep 2016-02-04T05:00:00Z The write-down against the energy unit surpasses US$5.5 billion of charges reported in 2013 across several assets, previously its biggest impairment on record. BHP Billiton to Take Big Charge on U.S. Onshore Energy Assets 2016-01-15T05:00:00Z Bank of America Corp. expects to post a write-down of roughly $600 million in the fourth quarter related to the redemption of $2 billion of trust preferred securities. Bank of America to Book Charge on Securities Redemption 2015-12-29T05:00:00Z Collectively, U.S. producers are taking tens of billions of dollars more in write-downs on their assets than they did during the oil bust of 2008. Energy Companies Gird for Weaker Prices in 2016 2015-12-25T05:00:00Z Even after the Russian write-down, Havana is still in arrears to the rest of the world—ex-U.S.—on some $85 billion of debt. Cuba One Year After Obama’s Overtures 2015-12-20T05:00:00Z The write-down, which helped push Credit Suisse shares sharply lower Thursday, followed the bank’s decision last fall to restructure and shrink its investment-bank unit. Credit Suisse Pays Price for 16-Year-Old Misstep 2016-02-04T05:00:00Z For investors, the latest write-down wasn’t unexpected, although its scale caught some off guard. BHP Billiton to Take Big Charge on U.S. Onshore Energy Assets 2016-01-15T05:00:00Z Toshiba said in November that its U.S. nuclear business, Westinghouse Electric Co., booked about $1.3 billion in impairment charges, but it disclosed the write-down only after it was reported by Japanese news organizations. Toshiba Accounting Scandal Draws Record Fine From Regulators 2015-12-07T05:00:00Z Some recent would-be franchises have flopped, including “The Last Witch Hunter,” starring Vin Diesel, on which Lions Gate took a $7.2 million write-down. Lions Gate Braces for New World Order 2015-11-22T05:00:00Z The business was hurt by lower results in Latin America and a write-down in Ecuador. Duke Energy Profit Tops Expectations on Warmer Weather 2015-11-05T05:00:00Z Its net loss was ¥83.6 billion after booking many special write-downs stemming from restructuring efforts. Sharp in Talks Over Panel Business After Hefty Loss 2015-10-30T04:00:00Z The overhaul comes as the German company reported a loss of $6.6 billion in the quarter, driven by write-downs and litigation charges. Your Thursday Briefing 2015-10-29T04:00:00Z The loss was primarily driven by 5.8 billion euros, or $6.4 billion, in charges related to the write-down of intangible assets. Deutsche Bank Posts $6.6 Billion Loss After Charges 2015-10-29T04:00:00Z Its label settlement and write-down of royalties contributed to a net loss of $85.9 million, compared with a loss of just over $2 million last year. Pandora and Big Labels Settle Suit for $90 Million 2015-10-22T04:00:00Z It also marks a year since Amazon disclosed its Fire smartphone was a flop, prompting a $170 million write-down as inventory of the unpopular handset mounted. Amazon Posts Surprise Profit While Sales Surge 2015-10-22T04:00:00Z The company announced at an earnings call that it will be taking a $42 million write-down in the third quarter for its video division. Yahoo takes a $42 million write-down on Community and other shows 2015-10-21T04:00:00Z He warned them that this year’s bonuses might be endangered after the €5.8 billion of write-downs announced this month. Deutsche Bank Shake-Up Should Improve Accountability 2015-10-19T04:00:00Z Excluding the impact of the write-down of its stake in Huaxia Bank, Deutsche Bank said its revenue in the third quarter was comparable to the same period last year despite “challenging market conditions.” Deutsche Bank Posts $6.6 Billion Loss After Charges 2015-10-29T04:00:00Z Excluding items such as asset write-downs and costs related to the Baker Hughes deal, per-share earnings from continuing operations were 31 cents. Halliburton Posts Loss on North America Weakness 2015-10-19T04:00:00Z The bank earlier this month said it expects a big third-quarter loss, citing write-downs and litigation costs. Deutsche Bank to restructure units, change management structure in bid to streamline business 2015-10-18T04:00:00Z The faux pas led to a large write-down linked to the vintner’s U.S. operations that hastened the departure of its former chief executive, David Dearie, later that year. Australian Winemaker Treasury to Buy Diageo’s Wine Operations 2015-10-14T04:00:00Z Deutsche Bank said that the majority of the write-downs are due to tougher regulation that requires it to set aside more capital. Germany’s Deutsche Bank Warns of a Record Loss 2015-10-08T04:00:00Z Deutsche Bank shares initially fell around 7% in after-hours trading in Germany on Wednesday night after market close following the write-down disclosure, before regaining some ground. Deutsche Bank’s Warnings Greeted by Analysts 2015-10-08T04:00:00Z Still, the write-downs of intangible assets appeared to be prompted by higher capital requirements by regulators. Deutsche Bank Forecasts a Loss of Nearly $7 Billion, Taking an Array of Charges 2015-10-07T04:00:00Z Another part of the write-down relates to expectations about what the sale of Postbank, its mass market retail business, will realize. Deutsche Bank’s Big Charge: Get Real 2015-10-07T04:00:00Z The profit figure was hit by a one-off charge of £238m, mostly related to the write-down of assets at its Nordic business. Plumb Center owner Wolseley cuts revenue outlook - BBC News 2015-09-29T04:00:00Z Shell said it will provide a more detailed update about possible write-downs in its third-quarter earnings on Oct. Shell Abandons Arctic Drilling After Poor Test Results 2015-09-28T04:00:00Z Either could lead to write-downs or actual losses if they sell at lower prices than they paid. The New Bond Market: Big Buyers of Corporate Debt Are Other Corporations 2015-09-25T04:00:00Z The trouble is, some resources companies are still wary of buying up assets following hefty write-downs on those bought during the peak of the commodities boom. Investors Worry as Miners Cut Spending 2015-09-13T04:00:00Z This past April, the retailer reported its steepest annual loss on record, partly because of a £4.7-billion property write-down. Look Out, U.S Grocers, U.K.’s Free-for-All Heads Across the Pond 2015-09-11T04:00:00Z The tally provided Monday includes large write-downs in several Toshiba units, including nuclear power plants, semiconductors and home appliances. Toshiba Slashes Earnings for Past Seven Years 2015-09-07T04:00:00Z The sale will jettison a big part of Tesco’s global operations, following an accounting scandal, massive write-downs and upheaval in its management ranks. MBK Partners Clinches Deal for Tesco’s Korean Operations 2015-09-07T04:00:00Z Excluding the inventory write-down, the company reported a profit of 14 cents a share. Boutique Retailer Vince’s Shares Plummet After Slashing Guidance 2015-09-04T04:00:00Z Many also face heavy write-downs as investment plans predicated on surging China demand look increasingly unrealistic as the country’s growth slows. Winners, Losers in China’s Upheaval 2015-08-26T04:00:00Z In June, a federal judge in California approved a $100 million settlement between HP and its shareholders related to the write-down. The Price of Silence on Wall Street 2015-08-25T04:00:00Z A $790 million write-down on the value of its Chad oil business is embarrassing, given that it was bought for $1.4 billion last year just before prices started collapsing, but hardly a shock. Glencore Needs Reinforcement Against Commodities Slump 2015-08-13T04:00:00Z With its dismal opening, Fantastic Four joins the ranks of recent summer box office busts, including 2013’s The Lone Ranger, which led to Walt Disney taking a reported $100 million write-down. 'Fantastic Four' Meets Doom at the Box Office 2015-08-10T04:00:00Z This was a result of huge write-downs on several highly leveraged finance commitments. Q2 2015 U.S. Investment Bank Round-Up: Debt Origination 2015-08-10T04:00:00Z The company was facing $2 billion in losses and write-downs from a troubled contract to computerize patient records for Britain’s National Health Service. A turnaround specialist reshapes Computer Sciences Corp. 2015-07-30T04:00:00Z The company took a more than $2 billion write-down on its Venezuelan operations, and foreign exchange shaved off nine percentage points. Procter & Gamble Gives a Muted Outlook 2015-07-30T04:00:00Z That is roughly in line with the debt write-down by private creditors that Greece received as part of its last rescue package in 2012. Greece can only get what it wants from the lender it hates 2015-07-29T04:00:00Z General Motors reported on Thursday that its second-quarter earnings were five times as large as a year ago, despite taking charges for currency fluctuations and asset write-downs in foreign markets. G.M. Earnings Soar in 2nd Quarter 2015-07-23T04:00:00Z Excluding the write-down, restructuring charges and other items, per-share earnings were 62 cents. Microsoft Reports Biggest Quarterly Loss Ever 2015-07-21T04:00:00Z Some sort of write-down, restructuring or default is inevitable. The Greek Solution Solved Nothing 2015-07-16T04:00:00Z But the bells and whistles didn’t entice customers, and the launch was followed by mediocre reviews, a steep price cut to entice buyers and write-downs on the cost of developing the phone. As Amazon turns 20, a look at its biggest bets 2015-07-16T04:00:00Z But the bells and whistles didn't entice customers, and the launch was followed by mediocre reviews, a steep price cut to entice buyers and write-downs on the cost of developing the phone. Beyond books: Amazon's 20, here's a look at the biggest bets over the years if they paid off 2015-07-16T04:00:00Z “The I.M.F. will participate both financially and technically, despite the fact no principal haircuts will be forthcoming,” he added, referring to a debt write-down. I.M.F.’s Insistence on Greek Debt Relief Adds to Complexity of Talks 2015-07-15T04:00:00Z A debt write-down is a political non-starter for fiscal hawks such as Germany, however. IMF Warns Eurozone Greece Needs More Credible Debt-Restructuring Plan 2015-07-14T04:00:00Z And the document stated unequivocally that no write-down of the debt — or a “haircut” in financial parlance — would be considered. International Monetary Fund Proposed Greek Debt Relief 2015-07-14T04:00:00Z Schaeuble said on Friday that Greece needed a debt "haircut" but such write-downs were illegal within the euro zone. Germany floats Greek euro 'time-out' without more reforms 2015-07-11T04:00:00Z To be sure, debt relief does not necessarily mean a face value write-down. German Finance Minister Wants Greece Out Of Euro 2015-07-11T04:00:00Z The document issued on Monday by eurozone leaders specifically stated that no write-downs of Greek debt would be considered. I.M.F.’s Insistence on Greek Debt Relief Adds to Complexity of Talks 2015-07-15T04:00:00Z So if the Greek parliament allows Tsipras to move ahead with his proposal, it seems likely that European leaders will grant Greece a partial write-down of its debt when they meet on Sunday in Brussels. Greece Gives In To Creditors – But On Its Own Terms 2015-07-10T04:00:00Z The slump in activity, which hurts pricing discipline and leaves assets sitting idle, offers ample scope for other bad surprises to emerge on contract terms or potential write-downs. Saipem’s Russia Blow Dents Recovery Hopes 2015-07-09T04:00:00Z Microsoft may not be giving up on phones just yet, but the write-down suggests recognition that it won’t dominate in consumer hardware. Microsoft’s Write-Down on Nokia Adds to String of Merger Missteps 2015-07-08T04:00:00Z It also said a debt write-down may be necessary to ensure the country’s debt is sustainable. U.S. Treasury Secretary: Europe Must Restructure Greek Debt 2015-07-08T04:00:00Z In 2011, Cyprus’s banks were required to accept a 50 percent write-down on that debt. These 5 Facts Explain Greece's Bank Shutdown 2015-07-08T04:00:00Z Major debt overhangs are only solved after deep write-downs of the debt’s face value. Germany’s Debt History, Echoed in Greece 2015-07-07T04:00:00Z James Nixon, chief European economist at Oxford Economics, said there’s “a narrow trajectory from here that sees an emboldened Greek parliament accepting the need for reform in return for a debt write-down.” Greek Prime Minister Races to Restart Talks After Vote Win 2015-07-07T04:00:00Z James Nixon, chief European economist at Oxford Economics, says there's "a narrow trajectory from here that sees an emboldened Greek parliament accepting the need for reform in return for a debt write-down." How close is Greece to leaving the euro? A look at the country's options and what happens next 2015-07-06T04:00:00Z Austerity without debt write-downs created a depression, making the debt burden even harder to handle. Greece Wanted to Reframe Europe’s Austerity Debate. It Failed. 2015-07-01T04:00:00Z Emerson took a $508 million goodwill impairment write-down on Chloride late last year. Emerson Electric to Spin Off Its Network Power Business 2015-06-30T04:00:00Z And even the I.M.F.’s economists recognize that there may be no way around a Greek write-down. Germany’s Debt History, Echoed in Greece 2015-07-07T04:00:00Z Rio Tinto’s losses were not solely the fault of Albanese but he accepted responsibility, leaving the company immediately after the write-down was announced. Tom Albanese Builds Vedanta And Rebuilds His Reputation 2015-06-23T04:00:00Z Production stopped for a month and the firm took a $2.6 billion write-down. Keep seatbelts fastened 2015-06-18T04:00:00Z The government's immediate problems are with repaying loans from the IMF and European Central Bank while privately held debt is relatively modest following a major write-down in 2012. Tsipras seeks debt relief as Greeks take offer to Brussels 2015-06-13T04:00:00Z Because of more than $1 billion of various charges and write-downs in recent months, losses are swelling and executives are warning that things are not expected to improve anytime soon. J. Crew Flounders in Fashion’s Shifting Tides 2015-06-10T04:00:00Z The longer it takes for the debt to be cut, the bigger the necessary write-down will turn out to be. Germany’s Debt History, Echoed in Greece 2015-07-07T04:00:00Z Those results were hit by a number of one-off costs, including a write-down in the value of some of its stores. Sainsbury's sales fall for sixth consecutive quarter - BBC News 2015-06-10T04:00:00Z In 2012, the pension funds, which were obliged under Greek law to own government bonds, were hit by a huge debt write-down as those bonds plummeted in value. Pensions in Greece Feel the Pinch of Debt Negotiations 2015-06-08T04:00:00Z The fact is this instance of default would not be much different than past write-downs, which saw little consequences other than tenuously agreeing to bailout terms involving austerity that were later renegotiated. Greece and the Troika's 'Grexit' Game Theory 2015-06-03T04:00:00Z Understandably, if there are a substantial group of such free riders, other debt holders, including the Russians, will not accept write-downs. The case for debt reduction 2015-05-17T04:00:00Z A charitable explanation of the strategy of Greece’s creditors is that they feared Europe’s financial system was too fragile in 2010, when Greece’s insolvency first became apparent, to survive a write-down of Greek debts. Germany’s Debt History, Echoed in Greece 2015-07-07T04:00:00Z The company unveiled one set of write-downs in 2013, reflecting poor results in its foreign operations. Don’t write off write-offs 2015-05-14T04:00:00Z The UK's third-largest supermarket chain reported a £72m loss in the year to March, after being hit by several one-off costs, including a write-down in the value of some of its stores. London shares see mixed opening - BBC News 2015-05-06T04:00:00Z What is needed, most objective analysts agree, is a big write-down in Greece’s debts and a new policy regime that restores economic growth: that’s how almost all sovereign-debt crises get resolved. Sidelining Varoufakis Won’t Solve Greece’s Real Problem 2015-04-28T04:00:00Z Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. Petrobras writedown may give new ammunition to class-action suit 2015-04-28T04:00:00Z Greece’s creditors were not prepared to take a hit from a Greek debt write-down and then explicitly bail out their own banking system. Germany’s Debt History, Echoed in Greece 2015-07-07T04:00:00Z If you were to ignore the ensuing write-downs, you should also adjust down profits for previous years. Don’t write off write-offs 2015-05-14T04:00:00Z In Northern Virginia, county budgets are suffering from write-downs of commercial property values as near-record office vacancies pile up. Virginia’s cicada-eating, Kegerator-using head salesman, Terry McAuliffe 2015-04-23T04:00:00Z The company also emphasises that the property write-down was a one-off. Very little helps 2015-04-22T04:00:00Z The company did not comment on the U.S. lawsuit in Wednesday’s statement on its write-down. Petrobras writedown may give new ammunition to class-action suit 2015-04-28T04:00:00Z Still, the results excluding write-downs and other one-time costs amounted to an adjusted profit of 49 cents per share, beating the forecast of 41 cents among 19 analysts surveyed by Zacks Investment Research. Halliburton says it has cut 9,000 jobs in wake of oil's drop 2015-04-20T04:00:00Z Furthermore, such write-downs tell investors something about the management’s ability to understand its own industry. Don’t write off write-offs 2015-05-14T04:00:00Z It owes 80 percent of that debt to official lenders after private bondholders took a hefty write-down in 2012. Greece May Have Ruined Its Best Chance 2015-04-13T04:00:00Z A trio of formidable challenges loomed: massive asset write-downs mandated by mark-to-market accounting regulations, seemingly impassable roadblocks at every exit channel and a towering wall of portfolio company debt refinancings needed to avoid defaults. Capital Superabundance Is Here To Stay In Private Equity 2015-04-09T04:00:00Z Another legal expert, James Park, a professor at the University of California Los Angeles School of Law, said Wednesday's write-downs bolster the class-action case, particularly for bondholders. Petrobras writedown may give new ammunition to class-action suit 2015-04-28T04:00:00Z The charge will result from a mix of write-downs of underperforming TV shows and the abandonment of shows that it bought, as well as severance costs. Viacom announces layoffs, $785M in expenses 2015-04-06T04:00:00Z In the case of the financial industry, the massive write-downs during the crisis were a necessary correction of the overstatement of profits in previous years. Don’t write off write-offs 2015-05-14T04:00:00Z Other bondholders, who Ukraine will ask for lengthened terms as well as a write-down of principal, object to any deal that does not include Russia. Helping Ukraine in its time of need 2015-03-17T04:00:00Z He says it would be “a sin” not to use the present difficulty to push for write-downs. When relief looks barely enough 2015-03-12T04:00:00Z The fourth quarter included a $410 million write-down related to Staples’ businesses in China, South America and Australia. Staples Reports Lower Sales and a Higher Loss 2015-03-06T05:00:00Z The results include a 4 billion pound write-down on Citizens Bank, which RBS plans to shed by the end of 2016. RBS chief says he won't accept share award amid losses 2015-02-26T05:00:00Z The loss was largely the result of a £4 billion write-down related to the value of its partly owned Citizens Financial Group unit in the United States. With 7th Annual Loss, R.B.S. Announces Drastic Restructuring 2015-02-26T05:00:00Z Universal, however, did not invest in either picture, which required $160 million in combined write-downs. Universal Pictures Regains a Bit of Its Old Sheen 2015-02-12T05:00:00Z The lower figure probably understates the write-down that will be needed, because the problem with dubious contracts may extend beyond Mr Costa’s former fief. Pitfalls at Petrobras 2015-02-05T05:00:00Z But the debt write-downs enjoyed by Brazil and Mexico did not appear to undermine their desire to enact far-reaching changes in their economies in the following years. As Greece Rebels, the Notion of Debt Forgiveness Returns 2015-02-04T05:00:00Z The fast food giant reported a net loss of 20 cents per share for the quarter, due to a $361 million charge related to the write-down of Little Sheep assets. Yum! Still Scorned In China, But Taco Bell Breakfast Is A Hit 2015-02-04T05:00:00Z BP also posted a $3.6 billion write-down of assets given the lower oil price and its impact on the company’s operations. BP and BG Group Count Costs of Oil Price Dip 2015-02-03T05:00:00Z So, short of a debt write-down, there are options for Greece. Greek options for a deal on its debts 2015-02-02T05:00:00Z Without a credible write-down number, the firm’s auditor, PwC, refused to sign off the accounts. Pitfalls at Petrobras 2015-02-05T05:00:00Z And even most proponents of debt write-downs concede that Italy’s debt is too big to restructure without devastating side effects. As Greece Rebels, the Notion of Debt Forgiveness Returns 2015-02-04T05:00:00Z However, Athens will face significant resistance to any write-down of Greek debt. Greece: The Dangerous Game 2015-02-01T05:00:00Z Factoring in the write-down and other published one-off impairments, the company actually posted a loss for the three months to December of $969 million. BP and BG Group Count Costs of Oil Price Dip 2015-02-03T05:00:00Z Creditors still lose in a sense since they're being repaid over a longer period of time, but they're not taking a write-down on the principal lent to Greece. Greek options for a deal on its debts 2015-02-02T05:00:00Z For his part, Mr. Dijsselbloem rejected the Greek government’s call for a conference to examine relief or a write-down of the country’s debt, remarking that an arena for discussion already exists. Greece Signals Unwillingness to Cooperate With Auditors 2015-01-30T05:00:00Z Much of the rest of Greece’s total debt of €318 billion is in the form of loans from other European Union governments, which do not want a write-down that would cost their taxpayers. Greece’s Feisty Finance Minister Tries a More Moderate Message 2015-01-29T05:00:00Z Post took a $295 million noncash adjustment in the quarter that ended Sept. 30, the bulk of which represented the write-down of the “goodwill” of its cereal brands, according to analysts. Post Holdings Buying MOM Brands for $1.15 Billion 2015-01-26T05:00:00Z Bill Damaschke, the studio’s chief creative officer, stepped down this month after some movies failed to meet box-office projections or required write-downs, including “Turbo,” “Rise of the Guardians,” “Mr. Peabody & Sherman” and “Penguins of Madagascar.” DreamWorks Cuts Its Staff and Output 2015-01-22T05:00:00Z For the first time, J&J will exclude the cost of asset write-downs, effectively boosting that number by 32 cents and putting the $6.20 midrange below analyst expectations. Johnson & Johnson tops 4Q earnings expectations 2015-01-20T05:00:00Z Shares in Hewlett-Packard, an American technology firm, have also recovered since late 2012, when it took a decisive write-down over alleged accounting irregularities at a firm it had bought. Sailing through a scandal 2014-12-17T05:00:00Z The write-downs “will require difficult budgetary decisions that we must make to ensure that Maryland government lives within its means,” Hogan said. Maryland budget shortfall swells after latest revenue estimates 2014-12-15T05:00:00Z Instead, investors are clearly worried about taking a write-down on their bonds. Frozen or Buzz? 2014-12-11T05:00:00Z Those pressures contributed to write-downs on three of the company’s last four films: “Rise of the Guardians,” “Mr. Peabody & Sherman” and “Turbo.” Many Forces Are Pulling DreamWorks Animation in Diverse Directions 2014-11-13T05:00:00Z The company eventually suspended the project, taking a $5 billion write-down. Value diluted 2014-11-06T05:00:00Z Following Q3 results, a number of analysts noted the shortfall relative to expectations was largely a result of the Fire phone write-down while acknowledging the company’s investment phase is lasting longer than anticipated. David Einhorn Shines A Little Light On His 'Bubble Basket' With Amazon Critique 2014-11-05T05:00:00Z "Profit growth in 2014 helped consolidate the earnings recovery, thanks to improving revenues, falling costs and less need for write-downs," Ms Botin said. Santander profits boosted by UK 2014-11-04T05:00:00Z Amazon disclosed last week that it was sitting on $83 million in unsold Fire Phones, and would be taking a $170 million write-down on that program. Looking for a Design Behind Amazon’s Devices 2014-10-29T04:00:00Z A loss of around $170 million was incurred due to Fire phone inventory write-down and supplier commitment costs. Amazon's Weak Q3 Performance Fails To Match Investor Expectations 2014-10-27T04:00:00Z If you were to add back in the Fire smartphone write-down, the stock compensation expense and the other operating expenses and remove the tax benefit the loss would be $1.39 per share. Amazon: Show Me The Margins! 2014-10-24T04:00:00Z Figure 1 shows accumulated asset write-downs accelerating concurrent with an acceleration in revenue decline. Bob Evans Looks Set To Serve Up Heartbreak 2014-10-14T04:00:00Z Larry Hogan, the Republican nominee for governor, offered a less charitable take, calling the write-down “utterly devastating” and taking a shot at his opponent, Lt. Blaming the economy, Md. officials lower state revenue projections by $405 million Says the fixed income team at the Pru, future write-downs “may allow the major institutions to replenish their capital from internal and external sources.” China Credit Bubble Unlikely To Lead To Financial Instability, Prudential Says 2014-09-21T04:00:00Z Lawyers acting for bondholders said the group would "take a significant write-down on their debt". Bondholders offer Phones 4U deal 2014-09-18T04:00:00Z Roughly $7 billion of the deal is earmarked for direct borrower relief, and a large chunk of that is expected to involve principal write-downs for underwater owners. Will Congress renew tax relief for homeowners' debt forgiveness? 2014-09-14T04:00:00Z These write-downs, which began to climb in 2009, consist mostly of closing restaurants and goodwill impairment. Bob Evans Looks Set To Serve Up Heartbreak 2014-10-14T04:00:00Z Foster on Wednesday said she was “disappointed” by the need for a write-down but said that “we have to remember that we are still forecasting economic growth,” albeit at a slower pace than hoped. Blaming the economy, Md. officials lower state revenue projections by $405 million The struggling flag carrier said the result was in part due to an A$2.6bn write-down on its international fleet. Qantas reports its biggest loss ever 2014-08-27T04:00:00Z HP is being sued in conjunction with its $8.8 billion write-down for its acquisition of Autonomy, a data analysis company. Lawyers Suing HP Lose a Payday, Gain a Target 2014-08-25T04:00:00Z Included in the consumer aid will be write-downs of principal of mortgages and interest rate reductions. BofA to pay $16.65 billion over soured home loans in mortgage meltdown 2014-08-21T04:00:00Z The bank announced in April 2010 that it would sell its majority stake in the project – after taking a write-down of roughly $1 billion. Revel Resort in Atlantic City, Already Abandoned by Morgan Stanley, to Close 2014-08-12T04:00:00Z A variety of factors negatively affected the company’s results, including higher write-downs for film development, the lack of a hit movie and the timing of payments for television rerun rights. More Financial Struggles for DreamWorks Animation 2014-07-29T04:00:00Z If the odds of repayment subsequently fall substantially, the lender must register a new write-down for the probable losses over the loan’s entire lifetime. Freedom to fudge 2014-07-24T04:00:00Z “By this settlement, HP seeks to forever bury from disclosure the real reason for its 2012 write-down of Autonomy: HP’s own destruction of Autonomy’s success after the acquisition,” the executive wrote in a court filing. Ex-Executive of Autonomy Seeks to Block HP Settlement Over Disastrous Deal 2014-07-21T04:00:00Z Such a write-down was listed in Tuesday’s financial reports, though without specific mention of Cardinal Bertone. Pope Francis Names New Leadership for Vatican Bank 2014-07-09T04:00:00Z This was attributed in part to write-downs of investments made before the bank's reform programme, started when less vigilance was exercised. Vatican bank chief to step down 2014-07-08T04:00:00Z The Memphis-based company said that it earned $730 million in its fiscal fourth quarter, which ended May 31, compared with $303 million a year ago, when write-downs weighed on the results. FedEx 4Q profit rises on growth in ground shipping 2014-06-18T04:00:00Z The decline was driven by the expiration on Dec. 31 of some temporary tax provisions, such as a 50% bonus on depreciation write-downs and a tax credit for research and development costs. Top CEOs downgrade economic growth forecasts, expect to spend less 2014-06-17T04:00:00Z The lack of means to stop the satellite project led to one of the biggest write-downs ever. Too-Big-To-Innovate Is Not About Innovation 2014-06-12T04:00:00Z The Port Authority wrote down the value of the property in its annual financial statement before the end of 2010; the authority attributed the write-down to an “increase in acquisition costs.” Port Authority Land Purchase Is Boon to Bayonne, and Christie 2014-06-08T04:00:00Z High write-downs reflect not just poor performance from the films, but also an inability of management to adeptly allocate capital. DreamWorks Could Be A Horror Flick Without Better Films, Fundamentals 2014-05-19T04:00:00Z A further write-down of the PC division would add an additional ¥30 billion in costs in the past fiscal year, the company said Thursday. With PC Exit, Sony Expects Additional Loss 2014-05-01T09:25:19Z The largest earnings impact came from $2.9 billion in write-downs, mostly on the value of Shell’s marketing and refining units in Europe and Asia. Shell Profit Off by 45 Percent as Oil Production Falls 2014-04-30T07:55:16Z Long-term investors have been burned during the last two years as major write-downs, cost overruns and other issues have sent their shares tumbling. DEALTALK-Barrick-Newmont union: is the third time the charm? 2014-04-21T18:46:32Z But in response to recent questions from The Times, a spokesman supplied a written explanation, saying the write-down was taken because an independent appraisal valued the property at $150 million. Port Authority Land Purchase Is Boon to Bayonne, and Christie 2014-06-08T04:00:00Z Last year, the company took $3.4 billion in write-downs on various metal and mining assets, including a $1.6 billion hit from delays in government approvals at a copper and gold mine in Mongolia. Despite Slowdown in China, Rio Tinto Stays Committed to Mining Plans 2014-04-02T14:37:26Z The Italian bank Intesa Sanpaolo said Friday that it posted a large loss in the fourth quarter on charges for poorly performing loans and an accounting write-down. DealBook: Intesa Sanpaolo Posts Steep Fourth-Quarter Loss 2014-03-28T10:28:43Z A great deal of I.M.F. support would allow Ukraine to make its debt payments on time – good news for the Western investors in Ukrainian debt, which may avoid restructurings and write-downs. Economix Blog: The I.M.F., Ukraine and President Obama 2014-03-12T14:00:31Z Their return to profitability also allowed them to reverse write-downs of certain tax-related assets, leading to large one-time windfalls. Freddie Mac posts record profit, to surpass $71.3 billion bailout 2014-02-27T13:43:03Z The write-down will be considered a special item and won't affect Duke's adjusted earnings per share, the company said. Duke Energy to Shed Midwest Generation Business 2014-02-17T21:12:45Z Shell has also taken substantial write-downs on shale gas acreage acquired in the United States. Shell Issues Profit Warning 2014-01-17T10:20:09Z News of the write-down caught the attention of a bipartisan group of lawmakers on Capitol Hill who prodded regulators to ease the burden on small banks. Trade group backs down on lawsuit as regulators revise Volcker rule provision 2014-01-16T00:12:48Z Ms Reinhart and Mr Rogoff suggest debt write-downs and “financial repression”, meaning the use of a combination of moderate inflation and constraints on the flow of capital to reduce debt burdens. Free exchange: This time is worse 2014-01-09T16:00:03Z Shares of gold and base metal companies plunged in 2013 due to weaker metal prices, soaring mining development costs and massive write-downs on acquisitions made at the peak of the mining boom. China Gold eyes Canadian purchase, but says prices still steep 2014-01-02T23:17:53Z In response, he said that Ocwen would incur costs itself in processing the write-downs. DealBook: Beware of Big Mortgage Settlement Numbers 2013-12-24T13:00:19Z The company plunged further into net loss in the first nine months of 2013 hurt by one-off write-downs related to asset sales and bad debt provisions, it said earlier on Monday. Mechel plans 2014 asset sales to cope with $2 billion debt 2013-12-23T17:26:01Z Patch then proceeded to churn through leadership, business models and write-downs on the way to its reduced state. The Media Equation: AOL Chief’s White Whale Finally Slips His Grasp 2013-12-16T02:18:10Z In August, the company said it was writing off about $2 billion in the shale oil properties after taking previous write-downs on shale gas acreage. Citing Cost Concerns, Shell Will Not Build Gulf Coast Plant 2013-12-05T22:02:59Z And he sees no way around messy write-downs of existing government and bank debts that are holding back the euro zone's recovery. Flawed Integration Risks More European Divisions 2013-11-21T22:26:52Z The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, the person said on Monday. JPMorgan, government set terms for consumer relief deal 2013-11-18T23:50:03Z The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, according to the report, which cited people familiar with the matter. JPMorgan and government set terms for $4 billion piece of $13 billion deal: WSJ 2013-11-18T22:14:00Z That was the highest yearly total for such write-downs since the financial crisis. PRESS DIGEST - Wall Street Journal - Nov 12 2013-11-12T05:06:32Z In its latest quarter BlackBerry lost $965m, mostly because of a write-down of unsold phones. BlackBerry: Only thorns 2013-11-07T16:05:15Z Excluding write-downs of intangible assets and other special charges, profit was 82 cents per share. AbbVie beats forecast as Humira sales surge 2013-10-25T18:23:21Z In the most recent quarter, BlackBerry lost $1 billion, mostly from a write-down of inventory after its most recent line of smartphones flopped. Fixing BlackBerry Would Be Enormous Task for Lenovo 2013-10-18T12:22:18Z The problem is that BlackBerry bet the house on the Z10, and the market did not buy into, resulting in an almost one billion dollar write-down due to the overproduction of the Z10. BlackBerry Z30 Review: High-End Hardware But Software Issues Remain 2013-10-06T23:52:00Z As my colleague Abram Brown reported, management took a massive write-down on inventory of their new phones, along with slashing 40% of its workforce, or 4,500 employees, and continued to burn through cash. BlackBerry To Go Private In $4.7B Deal As Fairfax Bets On Enterprise Business 2013-09-23T17:56:00Z Not taking write-downs protects banks' short term earnings, but risks storing up losses for later. The Landesbanken: Inside Germany's trillion euro banking blind spot 2013-09-17T07:13:47Z It scrapped 100 major store developments and took a write-down of £804 million on the value of some properties. After Taking a Beating Overseas, Tesco Seeks Comfort at Home 2013-09-12T01:19:39Z Including the write-downs, Co-op Bank alone reported a total loss of £709m. Co-op Group reports big banking loss 2013-08-29T06:29:27Z Shutting down or spinning off search and Microsoft’s efforts in mobile devices would reduce losses like the $900 million write-down it took on its Surface tablets in July. DealBook: Next Microsoft Chief Should Pare the Menu 2013-08-23T18:36:35Z A year ago, H.P. reported a loss of $8.9 billion, based on a write-down of various assets. Hewlett-Packard Sales Drop as PC Demand Wanes 2013-08-21T20:52:17Z These include the 2009 automaker bankruptcies, Detroit’s municipal troubles and, most recently, efforts to use the process regarding eminent domain to force mortgage write-downs. Today's Economist: When Lenders Are Not Paid Back 2013-08-20T18:23:59Z Some analysts said the write-down was probably the result of a decline in value of Xstrata’s nickel operation after a disappointing performance. 2 Mining Giants Report Lower Earnings 2013-08-20T12:24:18Z The firm, which was created in May, said the write-down reflected tougher conditions in the mining sector. Glencore takes $7.7bn Xstrata hit 2013-08-20T07:53:33Z This summer, earnings disappointed on the same day for Google and Microsoft, which took an ugly write-down of $900 million because of poor sales of its Surface tablet. Tech industry slips into a surprising slump 2013-08-19T03:51:00Z See article Royal Dutch Shell took a $2.2 billion write-down in the second quarter, primarily on its American shale assets. Business this week 2013-08-08T15:00:01Z “What investors are upset about is how these mining companies burned billions of dollars through write-downs,” said Rob Clifford, a mining analyst at Deutsche Bank. DealBook: After Going All In During Mining Boom, BHP Cuts Its Ambitions 2013-08-08T18:41:08Z Analysts say the official ratio, which is below 1 percent, clearly understates the scale of bad debt problems and they fear that banks will seek to avoid write-downs by keeping unviable borrowers on life support. China policy mantra signals privatization, securitization: official 2013-08-07T09:49:40Z Although Disney did not formally announce a write-down, the company’s executives were expected to address the movie’s impact on the current quarter in a Tuesday afternoon conference call with analysts. Profit Flat at Disney, as ESPN and Parks Smooth Setbacks in Film 2013-08-06T21:35:03Z In its disappointing summer earnings report Microsoft took an ugly $900-million write-down because of poor sales of its Surface tablet, above. Tech industry slips into a surprising slump 2013-08-19T03:51:00Z The Times Company has taken several write-downs related to the New England Media Group, and in February it said it was putting The Globe and other assets in the group up for sale. New York Times Company Sells Boston Globe 2013-08-03T06:42:12Z By comparison, Rio Tinto took a $14 billion write-down this year on two bad investments in Canadian aluminum and African coal. DealBook: After Going All In During Mining Boom, BHP Cuts Its Ambitions 2013-08-08T18:41:08Z Last year’s results were hurt by write-downs the Times took during the same quarter in 2012 related to the sales of About.com and the company’s regional newspaper group. New York Times Company Swings to a Profit 2013-08-01T12:35:18Z Balance sheets were further cleansed through aggressive write-downs of poor-quality loans and other assets. Open for Business: The U.S. Economy Is Finally Back to Life 2013-08-01T13:05:24Z The most critical part was halting the inherited nose-bleed in the global services division, which runs big IT contracts but delivered a £1.6bn write-down in Livingston's early years. BT Sport sign-up figures not as impressive as they seem 2013-07-25T17:25:52Z That write-down completely overshadowed the performance of the rest of the products and services that contributed to the company’s Q4 2013 earnings. Links 20 July: Microsoft's Results Drop Stock And Expose Strategy 2013-07-20T16:25:00Z But he also bluntly told Greeks to stop asking for a second debt write-down following a restructuring last year that imposed massive losses on private holders of Greek bonds. Schaeuble says Germany does not want a 'German Europe' 2013-07-19T17:16:38Z For the larger lenders the increase could be offset by write-downs in their bond holdings. Analysis: Higher interest rates? Not a problem for some U.S. stocks 2013-07-16T18:19:41Z Losing $20 million on a failed stage musical seems like nothing in Hollywood, where a movie bomb can result in a write-down of $100 million or more. 20th Century Fox Opening Division for Live Theater 2013-07-11T20:21:33Z The company was forced to write-down its entire $500 million investment. DealBook: Adventures Abroad Could Hurt U.S. Companies 2013-07-10T19:06:02Z "The returning discussions about a debt write-down are not helpful as they distract from the necessary reform efforts," Asmussen said in comments published in Die Welt newspaper on Wednesday. ECB's Asmussen: Greece has more to do to convince troika 2013-07-03T05:12:47Z The chancellor could gift the shares to individuals, but with the cost of a giant write-down in the Treasury's accounts. George Osborne to decide on model for selling bank shares 2013-06-09T23:01:05Z More write-downs are clearly necessary, but only after the debtors surrender some assets. Recommended economics writing: Link exchange 2013-05-23T20:01:52Z The decline reflects only withdrawals; it doesn't include the write-downs that will be imposed on uninsured deposits, a process that is still continuing. ECB: Cyprus Shock Rattled Deposits 2013-05-29T21:52:12Z The group also took a £1.8 billion charge on its business in Italy, bringing the total write-downs for Spain and Italy for the year to £7.7 billion. Vodafone Reports Rare Full-Year Decline in Revenue 2013-05-21T11:25:48Z Fannie Mae is weighing whether to reverse a write-down on about $60 billion. Freddie Mac Posts $4.6 Billion Quarterly Profit 2013-05-08T14:30:45Z But a reversal of leverage, CA imbalances and stabilizing of public finances would have been extremely tough under all circumstances, with or without the Greek bond write-down. Decoupling: One expensive euro 2013-04-02T21:13:07Z The group also wrote down the value of its property in Britain, by 804 million pounds, and took a write-down on its businesses in Poland, Czech Republic and Turkey of half a billion pounds. Tesco quits U.S. as profits fall for first time in 20 years 2013-04-17T06:31:51Z Both banks, which held considerable quantities in Greek government bonds, suffered huge losses on a write-down on Greek debt agreed by the European Union in late 2011. Cyprus faces "very unfavorable" outlook in near term: Sarris 2013-04-03T19:14:12Z The Kazakh miner, under pressure recently after recent asset write-downs, also saw analysts at Credit Suisse cut their target price from 400p to 380p. FTSE 100 records biggest daily fall since late February as miners drop and US data disappoints 2013-04-03T15:53:24Z While there are recent signs that some large institutional investors are warming again to high-risk real-estate funds, many of the biggest remain sour on them after suffering big write-downs. Buyout Firm TPG to Try Hand at Fund 2013-03-13T02:43:25Z The goodwill write-down was linked primarily to a weak performance in the United States and Latin America and pushed Adidas to a surprise fourth quarter loss. Adidas sees role for Reebok despite writedown 2013-03-07T19:38:51Z In addition to the Autonomy deal, a deal tainted by accusations of accounting improprieties, CtW has criticized HP for write-downs following acquisitions of Electronic Data Systems Corp and Palm. UPDATE 1-Union pension adviser says will oppose two HP directors 2013-02-25T21:03:47Z The main reason for the losses was $5 billion in write-downs on plants, nearly all of them in Europe, the company said. ArcelorMittal, Announcing Loss, Indicates No Further Plant Closures in Europe 2013-02-06T12:21:17Z “Even if it was a one-time write-down in value, it’s another marker for how that business in general is struggling in the international arena,” said Daniel Kurnos, an analyst at Benchmark, a market research firm. LivingSocial records net loss of $650 million for 2012 2013-01-30T23:06:00Z He leaves under the cloud of his firm’s latest huge write-down, of up to $11 billion, on the business. Mining giants switch bosses: New heads for a new cycle 2013-01-24T16:02:30Z The write-downs, which reflect a reduction in the value of assets, will be included in Rio Tinto's full-year results due on February 14. Rio Tinto chief executive resigns 2013-01-17T18:13:35Z HP in August swung to an $8.9 billion quarterly loss as it swallowed a write-down linked to its $13.9 billion purchase of EDS. Labor group asks Hewlett-Packard to replace auditor E&Y 2013-01-18T21:10:19Z The group also expects to report a number of smaller asset write-downs in the order of $500 million. UPDATE 1-Rio Tinto CEO to step down after $14 bln charge 2013-01-17T07:51:31Z They include steep write-downs in the value of the senior bonds in the country’s two largest financial institutions, Bank of Cyprus and Cyprus Popular Bank. The Cyprus Bailout Question 2013-01-10T20:56:50Z Perhaps some of the write-down is the result of accounting problems, but $5 billion? DealBook Column: Hold Your Applause, Please, Until After the Toasts 2013-01-01T00:47:04Z Around $3bn of the write-down relates to Rio Tinto's coal mining operations in Mozambique, which only began shipping coal in June last year. Rio Tinto chief executive resigns 2013-01-17T18:13:35Z After a decade of little or negative growth, Hitachi fell first and hardest, booking its big loss at the height of the global financial crisis because of large write-downs and losses in its electronics businesses. Hitachi’s Revival Isn’t So Good for the City of Hitachi 2012-12-29T02:41:56Z The report says lower financial projections for Autonomy contributed to the write-down. DealBook: Questions Remain Over Hewlett's Big Charge on Autonomy Acquisition 2012-12-28T22:39:27Z Furthermore, it is now less clear how much of the $5 billion write-down is in fact being attributed to the alleged accounting issues, and how much to other changes in business performance and earnings projections. HP Says DOJ Probes Autonomy Deal; Mike Lynch Responds 2012-12-28T02:15:37Z It said the write-down would be a non-cash charge in its fourth quarter results and would not affect net debt or core profit. ArcelorMittal takes $4.3 billion write-down on weak Europe 2012-12-21T11:38:46Z The international regulators privately argued that the pricing of loans reflected the degree of loss expected, therefore there was no need for an initial write-down. Accounting Proposal Would Force Earlier Write-Downs of Bank Loans 2012-12-21T01:34:19Z Second, everything must be done to avoid using write-downs to reduce government indebtedness. DealBook: 3 Unorthodox Ways to Solve Europe's Debt Crisis 2012-12-11T17:59:31Z That write-down was overseen by the so-called troika that continues to determine when and if Greece receives each round of bailout money: the European Commission, the and the International Monetary Fund. Greek Banks Sign On to Bond Buyback 2012-12-07T20:08:41Z That followed a write-down of almost $11 billion on its EDS services division in the second quarter. HP, RIM take flak from nervous financial industry customers 2012-12-06T22:50:32Z Now the company is reeling from its Nov. 20 announcement that it is taking a massive write-down on Autonomy, a software company it paid $11 billion for in 2011. How Bad Mergers Are Killing Innovation 2012-12-06T15:26:50Z The principal difference is that the rule that board plans to propose would limit the initial write-down to the losses expected during the first year the loan was outstanding, rather than over its entire life. Accounting Proposal Would Force Earlier Write-Downs of Bank Loans 2012-12-21T01:34:19Z He acknowledges that big write-downs of sovereign debt could be too jarring and unpopular in Europe. DealBook: 3 Unorthodox Ways to Solve Europe's Debt Crisis 2012-12-11T17:59:31Z Still, no one was prepared for a write-down of the magnitude H.P. announced last week, let alone allegations of fraud. Common Sense: H.P.’s Autonomy Blunder Might Be One for the Record Books 2012-11-30T18:25:36Z HP said in November that a UK software company it bought last year for more than $11 billion cooked its books prior to the acquisition, requiring an $8.8 billion write-down in its third quarter. HP, RIM take flak from nervous financial industry customers 2012-12-06T22:50:32Z That makes the Big Four tally two for Autonomy and two for H.P., or at least it will when H.P.’s annual finances are released with the Ernst audit approving books that include the write-down. High & Low Finance: Auditors Clash in H.P. Deal for Autonomy 2012-11-29T21:06:41Z Its shares fell 12 percent to a 10-year low last week after it announced an $8.8 billion write-down on its acquisition of Autonomy. Audit firms sued in HP's Autonomy acquisition 2012-11-29T00:03:00Z The deal — at best — bought more time for Germany and other major creditors before they might need eventually to accept outright write-downs, or “haircuts,” on their debts, according to analysts. News Analysis: Debt Deal Doesn't Clear Cloud Over Greece's Future 2012-11-27T20:51:16Z So he is calling on H.P. to defend its $8.8 billion write-down tied to the takeover. DealBook: Autonomy's Ex-Chief Calls on H.P. Board to Defend Allegations 2012-11-27T17:36:11Z HP dropped a bombshell last Tuesday with an $8.8 billion write-down on its acquisition of British software firm Autonomy, saying the company inflated sales with improper accounting. UPDATE 1-HP hit with civil securities lawsuit over Autonomy deal 2012-11-26T21:06:04Z “That’s not on the agenda at the moment,” said Maria Fekter, the Austrian finance minister, arriving at the meeting on Monday, referring to a write-down of Greek debt by governments. Euro Finance Ministers Confront a Standoff Over Greece 2012-11-26T14:46:01Z Because tax assets must be used or written off, the company faced a partial write-down of these assets, which made up almost half of Fairfax’s book value. Fair Game: Years Later, the I.R.S. Questions a Tax Deal 2012-11-24T20:59:21Z In its fourth-quarter results HP reported not only the write-down of Autonomy but also falling revenues from PCs, printers, services, servers—just about everything except software, of all things, where revenue rose by 14%. Hewlett-Packard and Autonomy: Fallen idols 2012-11-22T16:03:02Z Among his questions: In order to justify a $5 billion accounting write-down, a significant amount of revenue must be involved. DealBook: Autonomy's Ex-Chief Calls on H.P. Board to Defend Allegations 2012-11-27T17:36:11Z “It’s very disappointing,” she said of the write-down. H.P.’s Misstep Shows Risk in the Push for Big Ideas 2012-11-22T03:17:12Z The "kitchen sink" charge - rolling up all kinds of write-downs and costs into one gargantuan number - is something of a ritual in corporate America. DealBook: Does Hewlett's Big Charge Add Up? 2012-11-22T00:06:27Z |
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