Word: write-offs
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To draw some attention to the subject of depreciation, Bill Miller has been promoting a slogan that sounds like a Super Bowl play: 1-5-10. His idea is to allow a full write-off in just one year for all equipment, such as pollution-control gear, that the Government...
Most of the Bethlehem losses stemmed from $750 million in pretax charges caused by the company's moves to cut production capacity by 10%. Most important: a $483 million write-off to cover pension and benefit payments to 12,000 workers put out of jobs.
So now Anderson must try to lessen the TriStar drag that has left Lockheed trailing badly behind its chief competitors in the commercial aircraft market, Boeing and McDonnell Douglas. Last year all three had comparable sales: $3.2 billion for Lockheed, $3.5 billion for McDonnell Douglas and $3.9 billion for Boeing...
The result: one of the biggest privately financed urban-development deals in history. Ren Cen's first mortgage loan came to $200 million, which Ford and friends say is the largest mortgage ever awarded to a single real estate project. Twenty-eight banks had to share the load for...
But though the Post story was vastly overplayed and gave little perspective, it did touch on real concerns with in the banking community. The comptroller's office no longer keeps the list that the newspaper described, but it did until sometime last year. Citi bank, the second largest U.S...