Word: write-off
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...Asia's hoteliers-seasoned innkeepers who have stared down many a crisis-this summer will be a write-off and SARS is the worst bottom-line bummer they can remember. It's worse, and much longer, than the slumps that followed 9/11, the Bali bombing, the Iraq war and even the Asian currency crisis. "Devastating," Palmer calls it. A last-quarter spike in visitor numbers is more than a prediction these days: it's an article of millennial faith...
...time that week, she slept through the night. In late September, even after netting $1.5 million by exercising personal stock options, Lay told Enron employees that "our financial liquidity has never been stronger." By mid-October, the company announced a $618 million third-quarter loss and a $1.2 billion write-off, tied to the murky partnerships that had worried Watkins. On Dec. 2, Enron filed for Chapter...
...would have done better to stay home on the range. He announced last month that Dallas-based TXU (as the company was renamed) would sell the U.K. business to German energy giant E.On for just $2.1 billion and book a write-off that might hit $4.2 billion. In a soft drawl he explains, "We were on the ropes...
...boats for their activities, most simply resell them. Often the donation takes the form of a so-called bargain sale: the owner sells the boat to a charity at half its value or less. The difference in price is considered a donation, giving the seller a big tax write-off. The charity then makes money when it resells the boat. The practice has drawn scrutiny from the irs, which has issued new rules to prevent donors from overestimating the value of their cars and boats for the tax benefit. Some charities, too, are concerned--that owners are shopping around their...
When public confidence in the company—and Enron’s stock prices—began to slip, Enron was forced to cut its ties with LJM and take a $1 billion write...