International Business News - writedown http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Canada's largest media company Canwest Global Communications Corp. posted a 1.01 billion Canadian dollar ($825.5 million) writedown on its Canadian television operations, citing dire expectations for advertising revenue. http://www.ibtimes.com/articles/20081114/canwest-reports-steep-loss-on-writedown.htm Fri, 14 Nov 2008 16:36:39 EST YRC Worldwide Inc., one of the country's largest trucking companies, said Wednesday it might take a writedown on the value of three of its business units because of its slipping market capitalization and weak economic conditions. http://www.ibtimes.com/articles/20081008/yrc-worldwide-may-take-writedown-on-3-units.htm Wed, 08 Oct 2008 09:55:00 EDT Provident Bankshares Corp. on Wednesday revised its second-quarter results after it said it will take more significant writedowns in its investment portfolio. http://www.ibtimes.com/articles/20080813/provident-bankshares-revises-2q-on-large-writedown.htm Wed, 13 Aug 2008 09:00:56 EDT Struggling to climb back to profitability, Advanced Micro Devices Inc. suffered another setback Friday when the chip maker disclosed that two businesses it acquired in a pricey acquisition were underperforming. http://www.ibtimes.com/articles/20080711/amd-takes-880m-writedown-on-units-from-ati-deal.htm Fri, 11 Jul 2008 16:59:29 EDT Merrill Lynch & Co. may take a $6 billion writedown in for the second quarter and could look to raise capital by selling part of its stake in BlackRock, an investment management firm, for up to $2 billion, according to a Citigroup report. http://www.ibtimes.com/articles/20080707/merrill-lynch-citigroup-blackrock-writedown.htm Mon, 07 Jul 2008 15:09:07 EDT The nation's largest newspaper chain, Gannett Co., will write down its assets by about $2.5 billion to $3 billion this quarter to reflect the declining value of its operations in the United Kingdom and the United States. http://www.ibtimes.com/articles/20080609/gannett-to-take-2-5b-to-3b-write-down.htm Mon, 09 Jun 2008 16:24:50 EDT Discover Financial Services said Thursday it will record a write down of $11 million to $19 million after taxes in its second quarter due to an investment in asset-backed commercial paper notes. http://www.ibtimes.com/articles/20080529/discover-to-write-down-up-to-19m-in-2nd-quarter.htm Thu, 29 May 2008 17:41:07 EDT Citigroup and Goldman Sachs are the most exposed to further writedowns from leveraged loans in the first quarter, as the value of loans and bonds created to finance leveraged buyouts plunges, Bank of America said. http://www.ibtimes.com/articles/20080211/citigroup-goldman-sachs-loan-writedown.htm Mon, 11 Feb 2008 14:05:58 EST Citigroup Inc., the nation's largest bank by assets, reported the company's biggest quarterly loss and slashed dividends on Tuesday as loan defaults in recent quarters forced it to write down the value of subprime-mortgage investments by $18 billion. http://www.ibtimes.com/data/articleimgs/9378-people-pass-a-citibank-office.jpg http://www.ibtimes.com/articles/20080115/citigroup-earnings-writedown.htm http://www.ibtimes.com/articles/20080115/citigroup-earnings-writedown.htm Tue, 15 Jan 2008 09:38:16 EST