Write-downs

RECENT NEWS
Reuters  Nov 19  Comment 
* Options include recapitalisation, break-up, asset sales
Reuters  Nov 17  Comment 
(Adds comment from former executive, updates share performance)
The Australian  Nov 13  Comment 
GLENCORE says the reporting of $16bn of 2013 impairments in its Australian accounts does not represent additional writedowns.
The Australian  Nov 12  Comment 
TRADING and mining giant Glencore has been forced into an extra $6 billion of 2013 writedowns on its Australian subsidiary.
Forbes  Nov 11  Comment 
Transocean’s quarterly revenues declined by 7.5% year-over-year to $2.27 billion owing to lower rig utilization rates, while adjusted net income fell by about 29% to $352 million. On a GAAP basis, the company’s posted a $2.217 billion net...
The Australian  Nov 10  Comment 
FERTILISER and explosives maker Incitec Pivot has shrugged off $109m in writedowns and signed a deal it hopes will provide cheaper gas.
The Australian  Nov 10  Comment 
FERTILISER and explosives maker Incitec Pivot has booked a sharp fall in full-year profit, largely due to writedowns.
Financial Times  Nov 10  Comment 
Outsource group issues fourth profit warning this year after expected £1.5bn writedowns




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