/wholesale
NYSE Euronext (NYSE: NYX) today reported a net loss of ($1,338) million, or ($5.06) per diluted share, for the fourth quarter of 2008, and ($738) million, or ($2.78) per diluted share, for the full year 2008. The net loss for the fourth quarter and full year 2008 includes a pre-tax $1,590 million non-cash charge, primarily for the impairment of certain goodwill and indefinite-lived intangible assets related to the merger of NYSE Group and Euronext. The charge adjusts the carrying values of goodwill and indefinite-lived intangible assets to their estimated fair values. The impairment was driven primarily by adverse equity market conditions that have caused a material decline in industry market multiples in the latter part of 2008. This charge has no impact on debt covenants, cash flows, or normal day-to-day business operations. These results are presented in accordance with U.S. generally accepted accounting principles (GAAP).