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Wave of Write-Offs Rattles Market.
- Source :
-
Wall Street Journal - Eastern Edition . 3/1/2008, Vol. 251 Issue 50, pA1-A7. 2p. - Publication Year :
- 2008
-
Abstract
- The article discusses large write-offs being recorded by U.S. corporations. An $11.1 billion write-off announced by American International Group Inc. on February 29, 2008 contributed to a 315 point decline in the Dow Jones Industrial Average. Some argue that accounting rules governing write-offs are helping to create excessive volatility in the stock market.
- Subjects :
- *WRITE-offs
*DOW Jones industrial average
*STOCK exchanges
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 251
- Issue :
- 50
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 31129149