MCI to Write Down Asset Values by $3.5 Bln in 3rd Qtr
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MCI Inc., the second-largest US long- distance telephone company, will write down assets by $3.5 billion in the third quarter, reflecting their reduced value as calling prices tumble and demand declines.
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Barclays Plc , Britain's  third-biggest bank, raised its 2007 write-down on the value of  risky assets to 1.6 billion pounds ($3.1 billion) but reported  profits broadly in line with analysts' expectations.
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Corrects third paragraph to say 100 million more shares outstanding
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WASHINGTON - MCI Inc. on Thursday reported a $3.4 billion third-quarter loss as it wrote down the value of its assets due to a withering price war for long-distance telephone service.
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Settennali per 3,5 mld e decennali per 2,5 mld
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MCI Inc.&#39;s quarterly loss ballooned to $3.4 billion as the No. 2 US long-distance company wrote down the value of its assets due to a price war in long-distance services, MCI said on Thursday.
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Prospettiva e' quotazione in Borsa entro 3-5 anni
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Dow Jones +1,45%, Nasdaq +2,32%, SP's 500 +1,36%
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NEW YORK -- MBIA Inc. reported write-downs of $3.5 billion on souring credit derivatives in the fourth quarter Thursday, raising the possibility that the world's largest bond insurer could lose its top credit rating.
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3M Co. (MMM.N: Quote, Profile, Research) on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer&#39;s results
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Fondo Usa offre 3,5 mld di dollari per colosso commerciale
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MBIA Inc,  a bond insurer  struggling to maintain the top credit ratings necessary for its  business, posted a quarterly loss on Thursday after a $3.5  billion writedown.
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Morgan Stanley unveils a $9.4bn asset write-down and sells a $5bn stake to the Chinese sovereign wealth fund.
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The price range for the shares is for institutional clients and excludes brokerage fees. It values Hutchison Telecom at between US$3.
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MCI said it planned to take a $3.5 billion charge in the third quarter to better reflect the loss in value of its phone and data networks, mirroring similar steps by AT&T and Sprint.
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Dow Jones a -36, Nasdaq a -3,75, SP500 a -1,9
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3M Co.  on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer's results came in below Wall Street's estimates for the first time in at least seven quarters.