The loss was mainly due to an impairment charge of 3.1bn Swiss francs that UBS is taking to cover the cost of the changes to its investment bank.
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On January 19th Royal Bank of Scotland's shares collapsed as the British government raised its stake and the battered lender said it could report Britain's largest-ever corporate loss after an impairment charge on its takeover of ABN AMRO, a Dutch bank.
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That loss is not counting a further goodwill impairment charge of an as-yet to be determined amount.
According to council documents, Devon's overall "on-street parking account" is running at a surplus, but the collection of Penalty Charge Notices (PCNs) is making a loss and has been for the last five years.
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Excluding the charge, earnings were nine cents per share, versus a loss of 12 cents per share in the same period last year.
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Advanced Micro Devices reported a wider than expected loss after the closing bell Thursday, largely the result of a previously announced impairment charge related to its acquisition of ATI Technologies.
Subtract a one-time charge related to its acquisition of graphics chip specialist ATI, and AMD reported a loss of 90 cents per share during its March quarter, far short of analyst expectations of a loss of 48 cents per share--even after AMD had guided estimates lower not once but twice over the preceding quarter.
CELCo said it developed its system to meet the power needs of MIT--its second-largest client--and the charge was needed to cover the loss.
The apparent failure of the devices' main explosive charge means that only sheer good fortune, or the incompetence of the bombers, prevented further great loss of life.
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Think of a company that, say, sells off a division at a loss, incurring a large non-cash charge against its earnings, so the EPS dips temporarily way below the per-share dividend.
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