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Berkshire Hathaway operating profit crashes in Warren Buffett's last quarter as conglomerate's chief executiveBerkshire's $4.5 billion writedown for Occidental reflected its belief that the recent decline in the oil company's stock price was not 'te...- US EV slowdown drives $55 billion hit for carmakersIn a turbulent turn of events, major global car manufacturers are grappling with heavy financial losses. Brands like Stellantis, Ford, Gene...
- BP warns of up to $5 billion of energy transition writedownsBP Plc anticipates up to $5 billion in writedowns from its energy transition business following a leadership change and a pivot back to fos...
- SoftBank Vision Fund planning writedown of over $5 billionThe writedown is being driven by the Vision Fund’s holdings in ride-hailing giant Uber and WeWork parent We Co., the beleaguered co-working...
- The wheels have come off at Jaguar Land Rover for Tata MotorsJLR’s writedown signals that previous spending splurges won’t deliver the financial returns.
- Legal fight, delays force Adani writedowns on Carmichael coalThe impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended March 31, Adani Enterprises said in a stock e...
- MphasiS falls 6% on HP’s writedown of $8.8 billionMphasiS Ltd slipped over 6 per cent in morning trade on Wednesday after its majority owner Hewlett-Packard Co took a $8.8 billion writedown.
- 2G licence cancellation: Sistema to take $1 billion writedown on India?The writedown is a non-cash item that will be recognised in Sistema's fourth-quarter results, eroding earnings. Sistema declined to comment.
- Fresh $3.6 bn writedowns spoil Deutsche's Q2 showDeutsche Bank announced $3.6 billion of fresh writedowns on Thursday, taking its bill from the financial crisis beyond $11 billion and putt...
- Merrill may write off $5.4 bn: LehmanMerrill Lynch will likely incur $5.4 billion of writedowns in the second quarter, mainly from its exposure to monolines, said an analyst at...
- AIG may absorb $5-b investment lossesWashington: American International Group (AIG) plans to absorb losses for a dozen insurance units after their securities-lending accounts s...
- Subprime woes continue for Citigroup, MerrillCitigroup, the bank that posted the biggest losses from the collapse of the US mortgage market, may take an additional $8.9 billion in net ...
- Citi, Merrill set for more writedownsCitigroup, Merrill Lynch and UBS may post further writedowns of $10 billion on their debt holdings after the two biggest bond insurers were...
- StanChart has good start to 2008, writes down $97 mlnStandard Chartered took a $97 million writedown on the value of assets tarnished by the financial crisis, but said it had a strong start to...
- Credit Suisse set for further subprime writedowns: AnalystsSwitzerland's second biggest bank Credit Suisse is expected to post writedowns running into billions of dollars on Thursday amid the ongoin...
- 'Bank writedowns may be overdone''Banks are marking their securities against an index that suggests the losses will be 32 times worse than the actual loss experience.'
- Credit Suisse lifts the lid off $2.85-b writedownsCrediT Suisse has written $2.85 billion off the value of its asset-backed investments and found mismarking and pricing errors on its books,...
- Barclays ups ’07 writedown to $3bn, reports lower netOverall, the numbers came in broadly in line with our expectations and consensus.
- Banks may face additional writedowns of over $200 bnThe world’s banks ‘remain at risk’ of up to $203 billion in additional writedowns, largely because the bond insurance crisis could worsen, ...
- Wall Street profits to dry upCitigroup, Bank of America and Merrill Lynch may report their worst-ever quarter, beset by $35 billion of writedowns that threaten to crimp...
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