Write-downs

RECENT NEWS
Wall Street Journal  Jan 23  Comment 
Arrium Ltd. has been forced to close one its two mines, slash 580 jobs and will book a 1.34 billion Australian dollar writedown, as the price of iron ore languishes at more-than-five-year lows.
Reuters  Jan 22  Comment 
Brazilian state-run oil company Petrobras will take a charge of about 10 billion reais ($3.9 billion) in its delayed third-quarter results to write down overvalued assets, the O Globo newspaper reported on Thursday, citing an unnamed government...
Wall Street Journal  Jan 21  Comment 
BHP Billiton flagged as much as $250 million in write-downs on its petroleum business and a sharp reduction in U.S. drilling activity, in the latest example of falling oil prices roiling a major energy producer.
Forbes  Jan 16  Comment 
While the turmoil in the oil markets didn’t reflect on the company's adjusted quarterly earnings, given the contract driven nature of the services industry, the company took significant one-time charges relating to write-downs in assets values...
The Australian  Jan 15  Comment 
WOODSIDE Petroleum will start cutting back investment and has flagged up to $400 million in writedowns.
Yahoo  Jan 14  Comment 
Goldman Sachs Group Inc had to write down its loan to the troubled Portuguese bank Banco Espirito Santo SA in the fourth quarter, cutting the bank's profit and some employees' bonuses, people familiar ...




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