Sentences with phrase «writedowns of»

The renewables sector warned of a collapse in the price of renewable energy certificates, savage writedowns of existing assets and the shelving of planned projects if the RET was cut.

It is the US business that has been the most troublesome for Treasury, which in mid-2013 was forced to announce embarrassing writedowns of $ 160 million related to its US wine operations.

That could mean BlackBerry will avoid yet another $ 1 billion writedown of unsold inventory.

Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.

The No. 1 U.S. mortgage financing company swung back from a net loss of $ 6.53 billion in the fourth quarter due to a $ 9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax...

Barclays expects to take a writedown of about 1 billion pounds ($ 1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

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.

The price was above BlackBerry's recent value on public markets, following the company's announcement Friday that it will cut about 40 per cent of its global workforce, about 4,500 jobs, and record a writedown of nearly $ 1 billion.

Can't Nobody Hold Coincheck Down As reported by Reuters, Japanese cryptocurrency exchange Coincheck Inc. has recorded a writedown of roughly $ 432.56 million for the financial year ending in March.

Though a $ 5.1 billion writedown of its Canadian operations led to a net loss, Target's operating profit exceeded projections.

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.

Treasury's long - suffering shareholders, who this week endured yet another massive writedown of wine brands and infrastructure at the cheaper end of the market of up to $ 260 million, will be hoping Mr Clarke's recipe is the right one.

The company posted a net loss of $ 117.1 million in the period, dragged lower the writedown of its brand.

David Gray, an analyst with Planet Retail here, said the plan to exit the U.S. «was welcome news for investors, even if the writedown of U.S. assets will prove unhelpful in the short term.

Not exact matches

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.

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.

The Swiss bank UBS reported a net profit of 1.2 billion Swiss francs ($ 1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

On Christmas Eve, a group of senior Goldman executives held a conference call to discuss the writedown and how it would affect employee bonuses, people familiar with the matter said.

It could not be learned how much of the $ 835 million loan came directly from Goldman Sachs, how big the writedown was, or how much bonuses would be affected.

One person said the earnings effect of the writedown isn't «material,» meaning the bank will not have to disclose it in detail on Friday when it announces results.

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.

Several of Canada's lenders with U.S. exposure have indicated they expect to record a writedown in the first quarter to reduce the value of deferred tax assets, but are expecting a long - term, sustainable boost to their earnings from the tax cut.

Given the magnitude of that writedown, Facebook probably didn't have to pay much to take Atlas off Microsoft's hands.

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.

Embattled Noble has been negotiating a $ 3.4 billion debt - for - equity swap — crucial to its survival — after selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs over the past three years.

The company has sold billions of dollars of assets, taken hefty writedowns and cut hundreds of jobs over the past three years to slash debt.

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.

Its new line of smartphones fell flat, and earlier this month the company announced 4,500 job cuts and a nearly $ 1 - billion writedown on unsold inventory.

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.

Yahoo also notes in its release that it has taken a «non-cash goodwill impairment charge» (in other words, a writedown) of $ 4.46 billion on some of its assets — including Tumblr, the blog platform that it acquired in 2013 for $ 1.1 billion.

According to Griesa (uniquely), this means that if any creditor or vulture fund refuses to participate in a debt writedown, no such agreement can be reached and the sovereign government can not pay any bondholders anywhere in the world, regardless of what foreign jurisdiction the bonds were issued under.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

These writedowns effectively wipe out a substantial portion of the earnings growth of the past 5 years, making the actual earnings performance much more mundane.

It's unlikely in any event that these problems have actually been solved, because we can't reconcile the quantity of delinquent loans with the tamer figures for foreclosures and writedowns.

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

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

Further mortgage writedowns, defaults and increased credit difficulties remain a concern, as does commodity price weakness (not necessarily immediate, but soon enough) and the prospect of earnings risk and layoffs driven by cost reductions.

First, if it owned some of the SIV debt on its balance sheet, it obviously had to writedown its value.

On July 20, 2012, Microsoft posted its first quarterly loss ever, despite earning record revenues for the quarter and fiscal year, with a net loss of $ 492 million due to a writedown related to the advertising company aQuantive, which had been acquired for $ 6.2 billion back in 2007.

After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.

In general, writedowns against shareholder equity alone will be enough, provided that regulations are revised to allow institutions to continue servicing existing financial commitments on the basis of more flexible capital requirements.

SIX Swiss Exchange — April 29, 2016 After a turbulent year of restructuring, capital raising and unexpected writedowns punctuated by a net loss, Credit Suisse would like to turn the page at this year's AGM.

Despite its technical staff ruling in 2010 - 11 that Greece's foreign debts could not be paid and hence needed to be written off, its heads — first Dominique Strauss - Kahn and then Lagarde — acted in blatant conflict of interest to support the French bankers demands for payment in full, and U.S. demands by President Obama and Wall Street lobbyist Tim Geithner to insist there be no writedown at all.

The company said it would «explore strategic alternatives» for its media and cloud - infrastructure businesses, and take a writedown on intangible assets including capitalised development within its media and IT units in the first quarter of 2017.

Undoubtedly, all of this will produce future strains in the form of inflation risk, longer - term commodity price pressures, fiscal instability, stagnant lending activity, continued failure of smaller institutions, further loan writedowns, and other events.

With these straightforward, if still painful, solutions closed off it may take a muddle of austerity, higher taxes, debt writedowns and perhaps guarantees from Washington to help fix the mess.

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.

The restructuring continues four years after Sobeys» botched integration of the western Canadian Safeway chain that led to departing customers, spiralling sales and $ 2.9 billion in writedowns before the former Canadian Tire CEO was brought in to turn around the business.

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.

In the year to June 30, 2017, Murray Goulburn reported a loss of $ 370 million loss after a series of writedowns and processing plant closures.