Humana also recorded a significant write-down of deferred acquisition costs associated with its individual medical product business.
(AP) — XM Satellite Radio Holdings said on Thursday that it narrowed its fourth-quarter loss, helped by a 20percentt increase in revenue and a favorable comparison to last year, when the company took a significant write-down.
The Times Company's last significant write-down on a business unit was $152 million in the second quarter of last year on the Regional Media Group, which it sold to Halifax Media Holdings in January for $143 million.
As the Morgan Stanley spokesman put it, "This deal must be viewed in the context of a significant write-down for Morgan Stanley in 2007, when the firm recorded huge losses in its public securities filings related to other subprime C.D.O.
Significant write-downs guided for 2014 illustrate the reality of pricing in too much exploration success ahead of commercial derisking.
Mortgage bank Alliance & Leicester is expected to make significant write-downs on the value of its holdings of so-called 'toxic loans' in its trading update.
European bank shares trade at well below asset value, suggesting that investors expect their balance-sheets to suffer significant write-downs in future.
The E*Trade Financial Corporation, the discount brokerage and banking firm, said yesterday that it would not be able to meet its previously announced profit targets because it expected to report "significant write-downs" in the value of mortgage-backed securities it holds.
When Beazer reports its third-quarter earnings on Friday, the company will probably reveal such significant write-downs on land that is losing value that it might trip the covenants its banks have set to determine its minimum tangible net worth, she said.
Market bulls take consolation in the pullback in oil prices, a marginal rise in July consumer confidence that ended a six-month decline, and a sense of clarity (however dour) in Merrill Lynch's decision to sell $30 billion in asset-backed securities at a significant write-down.
This will lend some confidence to investors, much needed at a time when ING is still making significant write-downs to its real estate portfolio.
