Word: writedowns
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...situation is already taking a toll on insurers, who have been forced to write down the value of their CDS portfolios. American International Group, the world's largest insurer, recently reported the biggest loss in the company's history largely due to an $11 billion writedown on its CDS holdings. Even Swiss Reinsurance Co., the industry's largest reinsurer, took CDS writedowns in the fourth quarter and warned of more to come in the first quarter...
...workers have postponed several stoppages planned for the coming months. Agnelli had already sold a 20% stake in the auto company to General Motors for $2.4 billion in stock in 2000, in what turned out to be a better deal for Fiat. GM has already taken a $2-billion writedown on the stock. Yet it may have to acquire more. Fiat has a put option that could force GM to buy the remaining shares after 2004. "Fiat Auto cannot be a stand-alone company competing on a global level," says Gareth Williams, an auto analyst at Actinvest. "It needs...
According to the source, the Hampshire writedown marks the largest loss sustained on any single venture capital investment in Aeneas' 18-year history...
...said the writedown was not important in the larger picture of Aeneas' investments and would not have much of an effect on the portfolio's performance in fiscal...
...think we're looking at any writedown resulting from this," he added. Harvard invested $66 million in 1983 for a stake in the buildings, and completed its purchase in 1990, according to the Globe report...