Write-downs

RECENT NEWS
MarketWatch  May 22  Comment 
Hewlett-Packard’s update on its upcoming separation into two companies takes up much of its earnings call with investors, with the bombshell that the computing and printing giant is looking at writing down about $3 billion over the next three...
The Australian  May 20  Comment 
Iluka Resources hasn’t given up on its United States operations despite incurring an $82 million writedown last year.
The Australian  May 20  Comment 
Infrastructure and environmental services group Cardno has flagged a $200m writedown on its US and Ecuadorean investments.
MarketWatch  May 19  Comment 
Treasury Secretary Jack Lew on Tuesday called on Ukraine's creditors to exercise "enlightened self-interest" in talks over a possible debt restructuring. The creditors, led by Franklin Templeton, are balking on accepting any writedown on their...
Financial Times  May 15  Comment 
Indian group cuts value of European steel assets for second time in as many years
Reuters  May 14  Comment 
Tata Steel Ltd said on Thursday it expected to take a non-cash writedown of about 50 billion rupees ($785.3 million) in the quarter ended March 31, chiefly relating to its loss-making long products business in the United Kingdom.
Reuters  May 14  Comment 
Vedanta Resources Plc posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.
The Economist  May 6  Comment 
INVESTORS were expecting bad news when Sainsbury’s, Britain’s second-largest supermarket chain, reported annual results on May 6th. Sainsbury’s obliged, following Tesco, its bigger rival, in recording a “kitchen-sink” loss—writing down...
guardian.co.uk  May 6  Comment 
Supermarket hit by onerous contract charges relating to sites where it no longer plans to build supermarkets Sainsbury’s has reported its first annual loss in a decade after being forced to cut prices and write down the value of its stores and...
Motley Fool  May 4  Comment 
The headline numbers could get ugly when BreitBurn Energy Partners LP reports first quarter results on May 5.




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