The Bank of Nova Scotia, based in Toronto, has taken write-offs totaling 540 million Canadian dollars ($340 million) on its business in Argentina, trimming net income for the quarter ended Jan . 31to 52 million Canadian dollars, compared with 510 million Canadian dollars a year earlier.
L-3 said on Tuesday that the special operations contract represented 3 percent of its 2009 sales, and the loss of it would trim fiscal year net income by 4 cents a share and full-year revenue by $150 million.
It trimmed its net profit forecast for the year by 8percentto to 23 billion yen ($209 million).
It also trimmed its net loss to $4.1 million, compared with a $12 million loss in the quarter a year earlier.
With 1 minute 50 seconds left, Sebastian Telfair made two free throws to trim the Nets' lead to 85-80.
The company trimmed its net loss and said it had shipped a total of 783,000 smartphones to retailers in its fiscal second quarter, which ended Nov. 27.
The 2G telecom scandal and related investigations trimmed the net worth of — among others — Anil Ambani, chairman of Reliance Group, Unitech's Ramesh Chandra, Swan Telecom promoters Vinod Goenka and Shahid Usman Balwa, and Kalanithi Maran, chairman of Sun Network.
BearingPoint, the computer consultant that in August said that it would restate results because of accounting errors, trimmed its net for the first three quarters of fiscal 2003 by $13 million, or 7 cents a share.
At the time of the government investigation, Google set aside $500 million in advance of the government's ruling in the matter, which trimmed its net income to $1.8 billion, or $5.51 a share, in the period.
Many Republican-led states are trimming safety nets as the recession wanes.
