writedowns

Exxon Posts $680M Loss as Oil Slump Continues
Financial Performance

Exxon Posts $680M Loss as Oil Slump Continues

The company disclosed that further capital spending cuts and possible writedowns of assets are ahead as it battles the pandemic-induced oil bust.
By Matthew Heller | October 30, 2020
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FASB Eyes Big Changes in Inventory Disclosure
Working Capital

FASB Eyes Big Changes in Inventory Disclosure

Companies would have to disclose the makeup of their inventory and the reasons for unusual changes in it.
By David Katz | February 15, 2017
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Credit Suisse to Slash 2,000 Jobs in Trading Unit
Turnarounds

Credit Suisse to Slash 2,000 Jobs in Trading Unit

The layoffs are part of a major strategic revamp of the bank aimed at reducing its dependence on investment banking.
By Matthew Heller | March 23, 2016
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