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This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
United States bear market of 2007–2009: 11 Oct 2007 USA: From their peaks in October 2007 until their closing lows in early March 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all suffered declines of over 50%, marking the worst stock market crash since the Great Depression era. [16] [17] Financial crisis of 2007–2008 ...
Company Source of loss Year Person(s) associated with incident at time of loss USD 10 bn 1 USD 10 bn -19.4% USD 8.06 bn United States: Archegos Capital Management [4] Total return swaps 2021 Bill Hwang: USD 9 bn: 1: USD 9 bn: −3.7%: USD 8.67 bn United States: Morgan Stanley [5] Credit Default Swaps: 2008 Howie Hubler: USD 9 bn: 1: USD 9 bn ...
Accounting fraud. An auditor was murdered, an adviser committed suicide. The largest collapse in Hong Kong history. Texaco: United States: 13 April 1987: Oil: After a legal battle with Pennzoil, whereby it was found to owe a debt of $10.5 bn, Texaco went into bankruptcy. It was later resurrected and taken over by Chevron. Qintex: Australia ...
The largest civil-damage award in business history was first rendered in 1985 in the case of v. Pennzoil. However, it was far from certain that the $10.53 billion judgment would stand on appeal
Largest intraday point losses that turned positive These are the largest intraday point losses that closed in positive territory at the end of the trading session. In order to be considered an intraday point loss, the intraday low must be below the previous day closing price, while the opening price is used to calculate intraday lows.
Oct. 22, 2008: Widespread corporate losses, which include a $24 billion quarterly loss from Wachovia, point to a 10% year-over-year decline in third-quarter profit. The Dow closes at 8,519.21 ...
In 2002, AOL Time Warner reported nearly $100 billion in losses, at the time the largest annual loss in history, according to the 2003 Fortune 500 list. The company never fully recovered after the ...