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The bank reported September-year cash earnings of $236 million, down 40 per cent on a year ago. The six months to September were particularly painful with cash earnings of just $34 million against $240 million for the same period a year earlier. Westpac...
Tags: Westpac New Zealand, Westpac NZ, bad debts, St George Bank, chief executive, impairment charges, executive gail, Gail Kelly, cash earnings, financial crisis
The company reported a loss of $466 million, or $1.31 a share, compared with a profit a year ago of $94 million, or 25 cents a share. Marriott is a bellwether for the lodging industry, and its results should bode well for the rest of the industry as other...
Tags: A.D. Marriott International Inc., Marriott Posts Loss, impairment charges, timeshare business
MGM Mirage stayed in the loss column during the second quarter, as the gambling giant reported Monday it was saddled with massive debts and a further deterioration in visitor traffic and spending on the Las Vegas Strip. MGM Mirage /quotes/comstock/13*!mgm...
Tags: quarter loss, impairment charges, MGM Mirage, casino operator
Banking giant Barclays today posted a 15% rise in pre-tax profits today but part-nationalised rival Lloyds Banking Group said it was still on course for losses this year. Barclays posted a surplus of £1.37 billion in the first three months of 2009 â...
Tags: Barclays PLC, Barclays Capital, Lloyds Banking Group Plc, banks group, Lehman Brothers, bad debts, lloyds banks, impairment charges, investment banks