Heavy equipment supplier Emeco Holdings has its sights set on a positive year ahead, after narrowing its net loss to $180 million following a year of write-downs and the completion of a three-way merger.
Seven West Media chief executive Tim Worner has wrapped up a controversy-laden year with a pay cut as his TV network suffered a $744 million loss, courtesy of persistent weak ad revenues and a massive writedown on its broadcast licences.
Monte dei Paschi di Siena reported a 3.1 billion euro (US$3.7 billion) second-quarter loss after additional writedowns on the bad loans Italy's fourth biggest bank is selling as part of its bailout by the state.
Back in February, Endo took a whopping $3.5 billion write-down—but that wouldn’t be it for the year. On Tuesday, the company reported $725 million in impairment charges, thanks largely to the restructuring of its manufacturing network and its...