Write downs

RECENT NEWS
The Australian  May 24  Comment 
NEWS Corp's board has approved the group's split, as the media company named new directors and revealed a $US1.2bn writedown.
Wall Street Journal  May 23  Comment 
Tata Steel posted its biggest quarterly loss ever as the company took a $1.51 billion non-cash charge on some asset write-downs, including in its key European market.
Cellular News  May 21  Comment 
Vodafone Group has announced that its full year revenues fell by 4.2 percent, as the company was hurt by the weak Southern European market. Revenues for the full year came in at andpound;44.45 billion (US$67.6 billion). Click here for more.
Financial Times  May 17  Comment 
Tony Hayward returns from the depths; Tata Steel writedown; Google turns up the challenge;
Financial Times  May 17  Comment 
The US group secures a $135m reduction to the purchase price of the Chinese group it bought in 2012, following writedown in January
Financial Times  May 15  Comment 
Essen-based steel and engineering conglomerate hit by fresh writedown on its network of Americas steel plants that it has been trying to sell
Sydney Morning Herald  May 14  Comment 
Metals recycler Sims Metal has added further inventory write-downs following its earlier provisions following fraud at its UK operations.     
The Economic Times  May 14  Comment 
Its shares fell as much as 3 per cent in early trade in Mumbai, but later recovered and by 12.15 p.m. were trading at Rs 303.55, down just 0.6%.
Financial Times  May 13  Comment 
Weak European economy blamed for record writedown by an Indian company, as chronic overcapacity across the continent hits steelmakers




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