Write-downs

RECENT NEWS
WA Business News  Jul 28  Comment 
Education provider Navitas's full year profit has fallen 31 per cent after writedowns to its university division overshadowed stronger revenues.
WA Business News  Jul 27  Comment 
Construction giant Leighton has suffered a 20 per cent slide in first half profit after writedowns and restructuring costs offset an increase in revenue.
WA Business News  Jul 25  Comment 
Flight Centre expects a seven per cent slide in pre-tax profit due to writedowns on the value of its underperforming US and Indian businesses, plus an $11 million price fixing fine.
New York Times  Jul 24  Comment 
Banks will have more leeway in deciding when to report future loan losses. That could provide information to investors earlier, but it also could lead to earnings management.
Bloomberg  Jul 24  Comment 
Mark Carney, chairman of the Financial Stability Board, is trying to forge a global compromise on liabilities banks must hold that can automatically be written off in a crisis.
Wall Street Journal  Jul 24  Comment 
Newcrest Mining's new chief executive warned of another possible multibillion-dollar write-down of assets, testing the patience of investors already unnerved by weakening metal prices and a recent penalty for disclosure breaches.
Wall Street Journal  Jul 23  Comment 
Broadcom Corp. said it would cut 2,500 jobs and that its second-quarter loss narrowed sharply despite write-downs related to its planned exit from its cellular-chip business.
Wall Street Journal  Jul 22  Comment 
Broadcom Corp. said it would cut 2,500 jobs and that its second-quarter loss narrowed sharply despite write-downs related to its planned exit from its cellular-chip business.
newratings.com  Jul 22  Comment 
WA Business News  Jul 22  Comment 
Australia's largest gold miner Newcrest is preparing to fight a class action by shareholders hurt by a massive financial writedown in 2013.




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