Source: Seeking Alpha
Falling metal prices have caused more than $60 billion of write-downs of mineral assets. The tough environment is forcing the global mining giants to sell less lucrative assets of falling quality. BHP Billiton (BHP) the w ...
Full article at: Seeking Alpha
More like this 12 hours ago, 1:19pm CDT
Source: Economist
WRITE-OFFS of goodwill are confusing. When they happen, companies insist they do not matter. Goodwill is the excess paid for an asset over its book value. Writing it down is a mere accounting adjustment, bosses tend to say. Yet t ...
Full article at: Economist
More like this 4 days ago, 9:59am CDT
Source: Wall Street Journal
By Robb M. Stewart And Alex MacDonald The new chief executive of BHP Billiton has pledged to put the brakes on profligate investment over the next few years, following meager returns from big projects in areas such as shale ga ...
Full article at: Wall Street Journal
More like this 6 days ago, 3:08am CDT