Exxon to Take Record Writedown, Slash Spending
The "high-grading" of Exxon's asset base will enable it to "manage future commodity price cycles while working to maintain a reliable dividend."
Altria Takes $4.5 Billion Hit on Investment in Juul
"We did not anticipate this dramatic a change in the e-vapor category,” CEO Howard Willard says.
Boeing to Take $4.9B Charge for MAX Grounding
The charge will result in Boeing's largest-ever quarterly loss and "underlines the magnitude of the crisis" it is facing.
Verizon to Take $4.6B Writedown on Media Unit
After spending $8.9 billion to acquire Yahoo and AOL, the telecom giant is reducing the goodwill value of its media brands to only $200 million.
Barclays Shares Jump 4.4% on Dividend Hike
The bank had cut the dividend by more than half two years ago but is confident it will "generate excess capital going forward."
Fannie Mae Takes $9.9B Hit From Tax Law
The writedown will require the mortgage giant to seek a $3.7 billion cash infusion from the Treasury, its first draw since 2012.
Deutsche Bank Expects $1.8B Tax Act Writedown
Morgan Stanley, Darden Restaurants also report effects of the tax cuts.
Goldman to Take $5B Charge From New Tax Law
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
Tax Bill Forces Barclays to Take $1.2B Charge
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
Tax Cuts Come With Writedowns for Insurers
S&P estimates the cut in the corporate tax rate will result in an aggregate writedown of about $14 billion of life insurers' deferred tax assets.
VW Adds $2.95B to ‘Dieselgate’ Scandal Costs
The automaker's latest writedown brings the total bill from its diesel emissions cheating scandal to more than $30 billion.