Sentences with word «writedown»

These acquisitions resulted in a steady stream of asset impairments and goodwill writedowns of over $ 106 million between 2002 and mid-2009, and by 2005, only the Gateway and Memphis tracks remained part of Dover Motorsports.

Treasury's 73,000 shareholders have endured enormous pain over the past 12 months, and this new set of impairments come on top of the infamous $ 160 million in writedowns in mid-2013 of $ 160 million as its US business faltered.

Tablets may not be a good business model for BlackBerry, which took huge writedowns on BlackBerry PlayBook inventory, were forced to run massive fire sales with price cuts of up to $ 400 to clear out inventory, and even finally discontinued the entry - level 16 GB version entirely.

Goldman (gs) said the consumer relief will include among other things principal writedowns for homeowners who are either behind or underwater on their mortgages, as well as financing for affordable housing.

We'll talk about debt writedowns later.

That was up from $ 1.26 million or a penny per share in the fourth quarter of 2016, when Torstar recorded non-cash asset writedowns at its Workopolis joint venture and its Metroland Media division, which has been reorganized.

On Feb. 7, 2007, HSBC set aside an extra $ 1.8 billion to cover losses on U.S. subprime mortgages, the first of countless writedowns from what would become known as the global financial crisis.

What I did not know at the time was that Ed Harrison of Credit Writedowns was behind getting me onto the show.

Not a quarter goes by that we don't hear another corporation announcing an asset writedown related to a previous acquisition.

How would FHA handle losses resulting from mortgage writedowns?

In addition to the multitude of goodwill writedowns and asset impairments which occurred over the decade, it was believed that the Gateway, Memphis, and Nashville tracks collectively operated at a $ 5 - $ 6 million annual loss and had never been profitable.

The principal writedown program at FHA is for use on non-FHA loans.

That approach saw CWB turn down the opportunity to invest in asset - backed commercial paper offered by the likes of Lehman Bros. and Merrill Lynch, thus sparing it from the 2007 meltdown that caused huge writedowns at its larger peers.

TORONTO — Poor sales of BlackBerry (TSX: BB) smartphones have forced the company to take a massive writedown on the devices and slash 4,500 jobs across its operations.

Furthermore, any meaningful increase in loans will probably continue to be more than offset by the continual destruction of liquidity as writedowns, chargeoffs, elimination of derivatives, etc. persists for years.

Coopers Brewery has been forced into another big writedown of its Mr Beer home brewing kits business in the United States after major bricks and mortar retailers stopped stocking it in physical stores, as online juggernauts led by Amazon up - ended the market.

Lion has taken billions of dollars in writedowns against its dairy assets and there has been speculation that company wants to exit the dairy business.

A sale may push a multi-billion dollar writedown on lenders, but would validate Prime Minister Modi's reform credentials.

If writedowns come frequently, it means that management has made bad / liberal accounting decisions.

Noble is pursuing a $ 3.4 billion debt restructuring - crucial for the survival of the company - which has sold billions of dollars of assets, taken hefty writedowns and cut hundreds of jobs over the past three years to cut debt.

Like its peers on Wall Street, Goldman had to take a paper writedown due to the tax reform legislation Congress passed in December.

Beringer in the Napa Valley has often been in the spotlight in Australia because it was acquired for a whopping $ 2.9 billion in 2000 by Treasury's former owner, Foster's Group, and was the subject of heavy writedowns over the years.

Foster's, which was taken over by SABMiller in 2012, spent up big on wine assets in the United States in 2001 with the acquisition of Beringer but made big writedowns over the next decade.

«I'm hoping that we never have to have a conversation going forward about inventory writedowns,» Chen said.

It was the biggest deal in the company's history, but last February it announced a $ 2.49 - billion writedown after finding out that the gold at Red Back's Tasiast mine was of a lower grade than previously thought.

Uber's loss is based on generally accepted accounting principles, which includes writedowns, as well as the company's enormous legal expenses, such as the cost of defending against a trade secrets lawsuit from Alphabet Inc.'s Waymo.

Of course, this is all subject to limits on income, and needed writedowns on other assets.

The banks have already taken substantial writedowns, which may cover most of the damage.

Shares in food and coffee franchisor Retail Food Group fell 10 per cent after the company trimmed profit growth forecasts and flagged writedowns.

It said it would give an update on the cost of writedowns with third - quarter results.

RIM fell 9.7 percent on the day it announced the PlayBook writedown, its biggest decline since its previous quarterly sales miss in September.

In regards to bank writedowns, «Put more succinctly, bad is good, unless it's really really bad.»

The country's six biggest lenders reported less than $ 20 - billion in debt - related writedowns since the credit crisis began in 2007, about 2 % of the US$ 887.1 - billion recorded by banks and brokerages worldwide.

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The auction of the prized asset is essential to Toshiba's plans to cover multi-billion writedowns at U.S. nuclear unit Westinghouse that have plunged it into crisis.

«We expect to earn back the tax writedown in the first year through the lower tax rate on U.S. earnings,» he told analysts on a conference call.

And boy, this approach can deliver — what emerges from the mist can really amaze sometimes... Remember, most writedowns, «compliance», interest (/ capital structuring), taxes etc. happen at the corporate level.

Company officials say a $ 9.7 million charge in the fourth quarter of 2003 to reflect a fair value writedown of its World Golf Village Renaissance Resort in St. Augustine, Fla., has skewed the ratio.

I have been able to make sweeping changes to our organization, invest in our customers while taking a considerable writedown, execute a $ 12 - billion acquisition and much more — all in slightly longer than the average tenure of most CEOs.

Analysts and investors, however, remain focused on CWB's oil exposure — especially after the sizable writedown in its loan book earlier this year, which marks the bank's highest ever loan loss, according to Darko Mihelic, an RBC Capital Markets analyst.

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

First - quarter results, however, will be impacted by one - time writedowns as the banks reduce the value net deferred tax assets already held on company balance sheets.

This Yahoo earnings report is the long awaited report card for Marissa Mayer — Tumblr writedown — Mass layoffs — Officially up for sale

For example, earlier this year Valeant Pharmaceuticals International Inc. (TSX: VRX) took a $ 1.1 - billon writedown of goodwill arising from several acquisitions.

Oddly, the «principal activities» section of Uber Australia's directors» report mentions nothing about ridesharing or Uber Eats, the food delivery business staffed by its «driver partners» which launched here in 2016 and was a major factor globally in the 40 per cent writedown of Menulog, an Australia - founded app for restaurants with their own delivery fleet.

The Tesco writedown was part of an overall loss of $ 107 million on Berkshire's investments and derivatives.