Most of the one-time charges stem from acquisitions, primarily its purchase of Bindley Western Industries in Indianapolis.
BANK OF AMERICA EKES OUT A PROFIT | Bank of America managed to post a slim third-quarter profit after agreeing to settle legal claims stemming from its acquisition of Merrill Lynch.
It has faced an array of legal issues, many stemming from its acquisition of the subprime lender Countrywide Financial in 2008.
REUTERS As European Acquisition Struggles, Tata Takes $1.6 Billion Write-Down | Citing the "weaker macroeconomic and market environment in Europe," Tata Steel said that it would take a $1.6 billion write-down, mainly stemming from its acquisition of Corus.
JPMorgan Chase seems to have made fewer bad loans, although it has major headaches stemming from its acquisition of the assets of Washington Mutual, one of the largest irresponsible players.
Although Postmedia's revenue rose 20% in the three-month period ending 31 May to $205.1m compared with $171m in the same quarter a year ago, those figures included the substantial increase stemming from its acquisition of 175 Sun Media newspapers and digital assets from Quebecor in April.
As for profits, even in today's market they are hard to come by witness recent losses at Compaq, the word's biggest PC maker.Although some of Compaq's difficulties are unique, stemming from its acquisition of Digital in 1998, few of its competitors are thriving either.
The computing giant Hewlett Packard announced an $8.8 billion charge yesterday stemming from its acquisition of Autonomy, a British software maker it acquired last year for $11.1 billion.
Bank of America is headquartered in Charlotte, and Wells Fargo also has a presence there stemming from its acquisition of Wachovia, which was also based in the city.
On Tuesday, the attorney general said that his office had uncovered "evidence of potential criminal acts of wrongdoing" stemming from Greitens' acquisition of an electronic donor list.
The bank has been submerged in red ink stemming from its 2008 acquisition of the subprime specialist Countrywide Financial.
