financial report

AOL posts $1 billion loss but says it is "getting healthier every day"

August 4, 2010 - 11:26am | Figures | News

AOL posted a massive quarterly loss, having swallowed a Q2 goodwill impairment charge related to its sell-off of Bebo. To make things worse the company also reported that its advertising revenue dropped by 27% in the quarter ended June 30. In the same period a year earlier AOL pulled in $355.7m.

Overall revenues declined 26% to $584.1m during the quarter.

The loss reported by AOL made up $1.6bn, or $9.89 a share, compared with a profit of $90.7m or 86 cents a share in its 2009 Q2. AOL was also hit with a goodwill impairment charge of $1.4bn during the quarter.

0 points

Hedge funds won’t be allowed to die. Temasek comes to the aid

March 24, 2009 - 8:17am | Investment industry | News

Shirin Ismail, head of absolute returns investment strategies at Fullerton Fund Management unit of Temasek, told at the Reuters Private Equity and Hedge Funds Summit in Singapore that the company would be allocating more money into hedge funds. “This is an area we will add on because this is where we think it will give us that level of capital preservation that we need,” she said.

financial report | funds | hedge funds | investment | Temasek

0 points

Merrill writedowns, the role of BofA

March 20, 2009 - 6:35am | Banks and internet banks | News

It has been discovered that Bank of America Corp was a part of fourth-quarter write-downs at Merrill Lynch & Co before it acquired the brokerage firm, writes the Financial Times.

People familiar with the matter have told the paper, Neil Cotty, chief accounting officer of Bank of America, had participated in determining write-downs for complex debt instruments and leveraged loans at Merrill.

0 points

Did not find what you want? Try to search all ecommerce sites!

Custom Search