Exact(3)
Toshiba denied speculation, however, that it would need to draw down deferred tax assets of Westinghouse, its United States-based nuclear business.
G.M. said Tuesday that it lost $722 million in the fourth quarter and a record $38.7 billion in 2007, although the annual loss was inflated by a one-time charge of $38.3 billion to write down deferred tax assets.
G.M. said on Wednesday that it had lost $39 billion during the third quarter, largely because of a huge charge to write down deferred tax credits, but also because of a deeper-than-expected loss in its operations.
Similar(5)
Debts must be written down, payments deferred and interest rates reduced.
But NovaStar said yesterday that it expected to write down that deferred tax asset, although it did not give a figure.
On a non-GAAP basis, excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects the combination to be slightly accretive in the first year and improve beyond that.
It specialized in asking homeowners with bad credit and no proof of income to put no money down and defer interest payments for as long as possible.
The subtext of the Morgan Lewis report, and of the industry's latest messaging, is that DOL should "stand down" and defer instead to the expert regulators at the Securities and Exchange Commission SECC).
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