Friday, February 13, 2009
Great-West Lifeco Swings to 4Q Net Loss on Charge at Putnam Investments
Canada's Great-West Lifeco swung to a fourth-quarter net loss on a big charge at its U.S.-based Putnam Investments unit.
Net loss amounted to C$907 million (US$728 million). Great-West Lifeco said it recorded a C$1.3 billion non-cash impairment charge related to Putnam goodwill and intangible assets. The charge mostly reflected the significant deterioration in financial markets since the company acquired it in August 2007, Great-West Lifeco said...
TradingMarkets: Great-West Lifeco Swings to 4Q Net Loss on Charge at Putnam Investments
Net loss amounted to C$907 million (US$728 million). Great-West Lifeco said it recorded a C$1.3 billion non-cash impairment charge related to Putnam goodwill and intangible assets. The charge mostly reflected the significant deterioration in financial markets since the company acquired it in August 2007, Great-West Lifeco said...
TradingMarkets: Great-West Lifeco Swings to 4Q Net Loss on Charge at Putnam Investments
Permalink posted by markw @ 6:59 AM 
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