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Tag: impairment
Range Resources Expects To Book Asset Impairment Charge
2020-01-09 14:00:00| OGI
Range Resources expects a significant charge in the fourth quarter related to its oil and gas properties in North Louisiana, as U.S. natural gas prices trade near two-decade lows.
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Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month
2019-08-13 13:34:00| Telecompaper Headlines
(Telecompaper) Avaya reported a net loss of USD 633 million for its fiscal third quarter to June, hurt by an impairment charge of USD 657 million to write down goodwill at its Products & Solutions division due to reduced prospects. The company also withdrew its long-term outlook, saying this will be updated after it completes its evaluation of takeover offers, expected in the next 30 days.
Telstra to cut 6,000 jobs by end of FY19, take AUD 500 mln impairment charge
2019-05-29 10:01:00| Telecompaper Headlines
(Telecompaper) Australian operator Telstra has announced that "as a result of good progress on its T22 strategy", it expects to take a non-cash impairment and write down the value of its legacy IT assets by around AUD 500 million. Telstra also announced it is increasing guidance on its FY19 restructuring costs by AUD 200 million, as a result of bringing forward consultation on proposed job reductions.
Study suggests some filtering of particulates from diesel exhaust may worsen allergy-induced lung impairment due to increase in NO2
2019-04-12 12:57:02| Green Car Congress
Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill
2018-12-11 16:32:00| Telecompaper Headlines
(Telecompaper) Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo.
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