EBay restructures regional operations, lays off a percentage of its workforce
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It will stay in business while it restructures its debt. 5.
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The legislation also dramatically restructures the Medicaid program by capping federal payments.
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The bill also restructures the Medicaid program l by capping federal payments.
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The matter is a key issue as the island restructures its debt.
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So Ford is looking to make new alliances as it restructures its business.
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The departure signals more uncertainty around Jawbone's financial future as the company restructures itself.
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Working with a Republican Congress, Portman restructures Medicare-for-all in a few ways.
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"We recognize that company restructures are particularly difficult for departing employees," a representative said.
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It also said it plans to cut more than 250 jobs as it restructures.
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I always do a lot of rewriting, sometimes just polishing, sometimes pretty major restructures.
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He said in April the House will push a bill that restructures the IRS.
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It will continue to operate its more than 300 stores as it restructures its debt.
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GoPro notes that it will incur about $5 million to $10 million as it restructures.
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The act restructures the Consumer Financial Protection Bureau, created to guard against fraud in lending.
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The change comes as Germany's largest lender restructures its U.S. business and struggles with regulators.
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For her Hauser & Wirth debut, Sherald restructures historical notions of blackness through the use of grisaille.
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RATING SENSITIVITIES Fitch will re-examine China Fishery's credit profile if it successfully restructures its debt.
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Bloomberg reports that three Apple sales executives left the company as it restructures its operations there.
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N shares, on Monday joined the ailing drug company's board as it restructures to repay debt.
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Thirty-two underperforming restaurants are being closed, but the company plans to operate normally while it restructures.
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WPP dropped 6.2 percent after the advertising company cut its profit margin guidance as the group restructures.
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Guzman told Reuters last week that the country will need "substantial relief" as it restructures the debt.
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It will operate normally while it restructures its debt; Brazil's state-run banks are expected to lose out.
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George does a lot of rewrites and polishes and he does all sorts of major restructures as well.
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Kohl's is laying off 250 people as it restructures parts of its business following a dismal holiday season.
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As one company after another "restructures" through bankruptcy, they ditch social and environmental obligations, even as executives prosper.
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Microsoft is cutting an additional 2,850 jobs as it further curtails its smartphone efforts and restructures its sales force.
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Blackstone usually buys hotels and other real estate holdings at a discount, restructures them and sells for a profit.
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It also restructures the Consumer Financial Protection Bureau, created under Dodd-Frank to guard individuals against fraud in lending.
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The House didn't just phase out Obamacare's Medicaid expansion; it restructures the whole program's financing, instituting a spending cap.
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SAA said on Tuesday it could cut more than 900 jobs as it restructures to stem severe financial losses.
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Such appointments would beef up its international media team just as it restructures a 300-strong corporate affairs department.
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Fitch expects the agency channel to remain the core driver of NBV growth as NCI further restructures its business mix.
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Part of the bill, for example, restructures grants that help states boost addiction treatment to better target harder-hit regions.
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Parker said on Wednesday it expected its current cash flow and existing liquidity to support global operations as it restructures.
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While it confirms centralized economic planning, the charter introduces presidential term limits, adds a prime minister and restructures local government.
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Molson Coors is also planning to cut hundreds of jobs as it restructures to move beyond beer, per the Journal.
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This shouldn't necessarily occasion a eulogy; the grocery chain will continue its operations as it restructures and reduces its debt load.
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The struggling German industrial conglomerate needs to raise money as it restructures radically after years of dwindling profits and strategic missteps.
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WeWork is in the process of massive layoffs this week as the company restructures after its failed attempt at an IPO.
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Hundreds of employees are sure to be laid off as the company restructures and closes 20153 stores in the US alone.
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GE is setting aside $2400 million to repair its 220HA, 20HA and 20163FB model turbines as it restructures its power business.
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The Financial CHOICE Act restructures the CFPB, changes its name and mission and budgets the agency through the regular appropriations process.
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It may have to lay off more than two-thirds of its workforce as it restructures to cope with the weak market.
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Walmart's problems in India highlight the regulatory complications it faces as it restructures its international business to boost growth and online sales.
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Li also noted that China has some deep-rooted problems and is seeing unavoidable but temporary adjustment pains as its economy restructures.
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Walmart's problems in India highlight the regulatory complications it faces as it restructures its international business to boost growth and online sales.
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It is now tasked with minimizing fallout as it restructures its money-losing India operations, which will continue making cars for export.
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That pattern seems to have played out at Millbrow, which has been taken over by the local council while the company restructures.
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Kohl's could be the biggest winner in retail as regional department store chain Bon-Ton restructures its store fleet, according to Jefferies.
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And in June, Boeing said it was cutting around 50 executives as it restructures its defence and space business into smaller units.
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Supporting them might make sense as a marriage of convenience, but one can't make those tactical choices without real restructures and shared principles.
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"The longer this commodity rout continues, the greater number of restructures," David McCarthy, national leader for restructuring at Deloitte in Sydney, told Reuters.
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Almost a week after the main bloodbath, we're still learning about ESPN personalities laid off by the sports broadcasting titan as it restructures.
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It also rolls back Medicaid expansion under ObamaCare and restructures Medicare to permit seniors to buy private insurance plans with subsidies or vouchers.
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The closures are scheduled to begin in early February and run through mid-April as it restructures and hopes to emerge from bankruptcy.
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Under Armour plans to cut about 2 percent of its global workforce as it restructures its business in the face of slumping sales.
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Ford is closing an engine plant in the U.K. as the Detroit automaker restructures its global workforce, according to someone familiar with the plans.
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The bond sale marks the city's last use of so-called scoop and toss, which restructures existing bonds to free up money for operations.
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Isolux is trying to shed assets as it restructures and the deadline for offers for T-Solar is on June 30, Cinco Dias said.
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Chen's appointment comes as Ford restructures operations worldwide, and its China business will now become stand-alone business unit, reporting directly to global headquarters.
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It is also at risk for changes to how post-acute care services are reimbursed if U.S. President Donald Trump restructures the healthcare system.
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The plan also restructures the way we tax multinational businesses and incentivizes large U.S. companies to invest their earnings back into the U.S. economy.
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FMBI's non-performing asset (NPA) ratio (inclusive of accruing troubled debt restructures) increased from 0.87% at June 30, 2016 (103Q16) to 1.05% at 2Q17.
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The appointment of the 53-year-old Swiss, which was confirmed by a UBS spokeswoman, comes as Switzerland's biggest bank restructures its investment bank.
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Bond prices have stumbled lower as Argentina restructures a total of $100 billion in "unsustainable" debt it says it inherited from the previous administration.
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Still, Lane of Bernstein believes WeWork could still be disruptive to the existing real estate market so long as SoftBank restructures WeWork's business plan.
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The bill also significantly restructures Medicaid and allows states to require able-bodied adults to work if they want to be eligible for the program.
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The bill also significantly restructures Medicaid and allows states to require able bodied adults to work if they want to be eligible for the program.
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These bills are designed to phase out Medicaid expansion, even as it restructures the program into a block grant and/or per capita cap system.
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It is also at risk for changes to how post-acute care services are reimbursed if U.S. President Donald Trump restructures the health-care system.
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The buoyant financial results were announced at a time of fundamental change and deep anxiety in the newsroom as The Times restructures its news operations.
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International real estate Long a haven for foreign companies and their employees, the small nation is facing a housing squeeze as Europe restructures its business.
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Investors could see a 40 percent return on Ford stock as the automaker restructures its business and boosts its bottom line, according to Goldman Sachs analysts.
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The group posted a 2105.1 percent drop in net profit in the second quarter from a year earlier, as Germany's largest bank restructures under new leadership.
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UK's British American Tobacco Plc said on Thursday it will cut 2,300 jobs, including a fifth of its senior employees, as the company restructures its business.
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The group's operating margin slipped however, down 0.4 points, and it is likely to stay at a similar level for the full year as it restructures.
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When you take that element out, it not only restructures the cost of the ride-hailing service, but the cost to the consumer ultimately comes down.
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As for the future of the company, which has undergone a series of restructures in recent years, Saito said profitability and efficiency were renewed points of focus.
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MI) has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said.
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Intel announced Tuesday it would cut 22.5,000 jobs, or 11 percent of its workforce, by 2017 as the company restructures toward more high-profit areas like cloud.
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She restructures commonplace things and their uses—a constant in her filmography—and turns the kitchen into a space in which to experiment, play, and finally escape.
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But, unlike other countries, China has the flexibility to ward off sharp economic decline as it restructures its economy toward consumption and services, the Xinhua article said.
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The first leased A380 aircraft are set to return to the market in 2017 and Malaysia Airlines is also looking to offload some A380s as it restructures.
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The decision by General Electric to cut its dividend in half as the company restructures should be a warning to investors: Don't count on income from dividends.
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Cold Carriers, a refrigerated trucking company with more than 400 truck drivers, filed for bankruptcy last week; it will continue operations as it restructures its debt obligations.
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But, unlike other countries, China has the flexibility to ward off sharp economic decline as it restructures its economy towards consumption and services, the Xinhua article said.
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The changes come as Credit Suisse restructures units, exits activities not consistent with its new strategy and accelerates cost-cutting plans, according to a March 23 news release.
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Credit Suisse has already cut 1,800 jobs in London this year as it restructures its business and moves some jobs to lower cost countries like India and Poland.
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Udacity restructures operations, lays off 20 percent of its workforce The objective is to do more than simply keep the company afloat, according to co-founder Sebastian Thrun.
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Under the circumstances, it is farfetched to imagine them also passing a legislative garble like the GOP's American Health Care Act that restructures one-sixth of the economy.
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The GOP plan restructures the Medicaid program by capping federal payments and replacing it with a new system centered on a tax credit to help people buy insurance.
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Hulu restructures under Disney, CEO Randy Freer departs Hulu CEO Randy Freer is stepping down from his role as part of a major restructuring of Disney's streaming business.
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WPP dropped as much as 8.5 percent after the advertising company cut its profit margin guidance as the group restructures, though it did raise its net sales outlook.
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The document restructures how plea deals are made, advising prosecutors to begin deals offering the lesser prison sentence, not the highest as had been done in the past.
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Matuson has almost 35-years of experience in the field and has worked on some of the largest corporate restructures in South Africa, according to his firm's website.
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The Italian insurer has put its 210 billion euro ($210 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said.
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Deutsche Bank's ratings have been under pressure from major agencies such as S&P as the bank restructures under new Chief Executive Christian Sewing who took charge last April.
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That's critical since Ford will be relying on its trucks and SUVs to generate profits while it restructures its business, investing billions in future technology like autonomous drive vehicles.
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Peer Generali earlier this year put its 44 billion euro German life insurance portfolio up for sale as it restructures in Europe, sources familiar with that deal have said.
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CEO John Cryan will attend the meeting, in what some see as a show of confidence in the bank's leveraged finance business as Deutsche restructures its investment banking operations.
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And this is probably not going to change until the bottom falls out or fairer taxes greatly reduce income inequality, and the economy, the art world included, restructures itself.
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BEIJING (Reuters) - China will try to avoid mass layoffs as it restructures the steel and coal sectors, even as it pushes ahead with economic reforms, Premier Li Keqiang said.
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Bond prices have stumbled a total 3.5% lower so far this year as Argentina restructures about $100 billion in "unsustainable" debt it says it inherited from the previous administration.
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The German engineer posted a worse than expected 2.43 percent drop in quarterly industrial profit and signaled a tough year ahead as it restructures its turbine and wind power businesses.
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Ryan's American Health Care Act restructures the subsidies in a way that doesn't accomplish anything from a health insurance point of view, but does directly address this labor market issue.
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As Toys "R" Us restructures its debt, he plans to refocus the chain on in-store experiences and spruce up its marketing — beyond using a decades-old commercial jingle, presumably.
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FRANKFURT, Oct 24 (Reuters) - Deutsche Bank posted a 65 percent decline in net profit in the third quarter, it said on Wednesday, as Germany's largest bank restructures under new leadership.
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And NRG has pulled back from its headlong rush into alternative energy as it restructures to focus on its conventional operations after the ouster of its chief executive, David Crane.
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Cold Carriers, a refrigerated trucking company with about 400 truck drivers, filed for bankruptcy protection late last month; it said it would continue operations as it restructures its debt obligations.
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New York (CNN Business)BuzzFeed laid off dozens of employees on Friday inside its prized news division as the media organization restructures to grapple with the tumultuous digital news landscape.
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The disclosure comes a week after billionaire investor John Paulson, whose hedge fund firm is the biggest owner of Valeant, joined the company's board as it restructures to repay debt.
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Argentine bonds have also fallen and economy minister Martin Guzman said this week the country will need "substantial relief" as it restructures nearly $70 billion in debt with international bondholders.
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Argentine bonds have also fallen and economy minister Martin Guzman said this week the country will need "substantial relief" as it restructures nearly $70 billion in debt with international bondholders.
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Verity Chief Executive Officer Richard Adcock told Reuters he expected the operator to remain in bankruptcy protection from creditors for a couple years as it restructures and works with potential buyers.
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HAVANA (Reuters) - Communist-run Cuba passed a new electoral law on Saturday that restructures governance including creating the role of prime minister and provincial governors while retaining the one-party system.
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It doubles down on current parity laws, including ACA protections, authorizes new and existing federal prevention and treatment programs and restructures leadership at the Substance Abuse and Mental Health Services Administration.
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Tax reform The newly minted tax law shells out major tax cuts and restructures the federal tax system, with analysis of the plan showing benefits skewed for top earners and corporations.
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FRANKFURT, July 25 (Reuters) - Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany's largest bank restructures under new leadership.
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HOUSTON/NEW YORK (Reuters) - Global commodity trader Koch Supply & Trading has cut dozens of workers across at least four offices worldwide, several sources said on Tuesday, as the firm restructures its business.
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The decision, which will apply to the 16 department stores that stocked Apple products as well as online sales, comes as the department store operator restructures to better compete with online retailers.
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GE has been laying off thousands of workers worldwide as it restructures in the wake of a $22.8 billion loss last year, caused largely by a write down in the power unit.
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The bill introduces a new electronic process for foreclosures on overdue loans and arrears to the state, opens up closed professions, restructures family benefits and makes it harder to call a strike.
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Springer announced in November it would eliminate some jobs as its restructures its German business into digital and print divisions, seeking to accelerate growth online while maximizing profits from its legacy titles.
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TIM Participações SA, the Brazilian telephone unit of Telecom Italia plans to lay off 2300 to 2225,2100 workers as it restructures operations to boost efficiency, a union representing company workers said on Thursday.
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Amid official schemes, one called Resolution was recently launched as a regulatory mechanism which restructures and, where necessary, winds down a lending institution by doling out losses to both equity and debt holders.
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New York Magazine said Monday it has laid off 16 full-time staffers and 16 freelancers or part-time employees, as the media company restructures to adapt to a volatile digital news landscape.
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The contract signed with EDF clears the way for Areva to raise five billion euros in new capital, largely from the state, as it restructures to focus on uranium mining and nuclear fuel.
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China plans to lay off millions of people as it restructures industries mired in overcapacity, but Li said the government would "use market tools" to create new job opportunities to offset the impact.
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The AHCA repeals most of the ObamaCare taxes and doubles contributions to Health Savings Accounts, but it restructures several other provisions, keeps much of ObamaCare intact, and maintains federal control over health care.
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To have a fighting chance to recover and avoid a new downward spiral, Puerto Rico will need more than short-term disaster aid and protection from its creditors while it restructures its debt.
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Switzerland's second-biggest bank, which is recovering from back-to-back annual losses as it restructures under Chief Executive Tidjane Thiam, said the decision should remove any lingering concerns about its capital strength.
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Deutsche Bank has been weighing the sale of Abbey Life since October, sources had told Reuters, as Germany's largest lender restructures its business amid increasing regulation, negative interest rates and a competitive home market.
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Toys R Us is reportedly considering closing more stores across the U.S. as it restructures its business, and Target is a top candidate to win those customers' dollars, according to UBS analyst Michael Lasser.
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The House bill dramatically restructures the Medicaid program overall by capping federal payments, and in 2020 it would cut off the extra federal dollars ObamaCare sent to states to cover more low-income residents.
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But in some good news for Andrew, Toys R Us says it intends to continue operating its 1,600 Toy R Us and Babies R Us locations around the world as it restructures its debt.
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DETROIT – Toyota Motor will shift all production of the Tacoma midsize pickup from Texas to Mexico as it restructures its North American footprint and invests $13 billion in U.S. manufacturing operations through next year.
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Brazilian stocks extended Wednesday's gains to touch a fresh record high, as the Senate on Wednesday approved a bill that restructures the military's career and welfare, part of President Jair Bolsonaro's government welfare reform.
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That would raise proceeds of between 1.5 billion and 1.8 billion euros, less than the maximum the bank had initially hoped for as it repairs its balance sheet and restructures the flagship German bank.
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Germany's Commerzbank reported to a smaller-than-expected fourth-quarter loss on Thursday, adding that it was looking for further cost cuts as it restructures after a failed attempt to merge with Deutsche Bank.
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BAKU (Reuters) - Azerbaijan's biggest lender, International Bank of Azerbaijan (IBA) said on Thursday it had suspended payments on some of its liabilities and asked its foreign creditors for support while it restructures its bad loans.
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DE) is in talks with creditors over an agreement to hold off debt claims for three years while the troubled South African retailer restructures 9 billion euros ($10.55 billion) of debt, it said on Wednesday.
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SINGAPORE (Reuters) - Jorge Montepeque, widely credited with inventing the modern system of setting world oil prices, has joined Italian energy major Eni as it restructures its business to focus on oil and gas production and sales.
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H & M, Spain-listed Industria de Diseño Textil's Zara and Tokyo-listed Fast Retailing Co Ltd's Uniqlo have already driven hefty restructures at Australia's top two upmarket department store chains, David Jones and Myer Holdings Ltd.
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Match Group restructures exec team with focus on Asia Specifically, the company has appointed three new general managers in Asia to focus on areas like Japan, Taiwan, India, South Korea and other parts of Southeast Asia.
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As China restructures its state-owned companies, it will also moderately increase investment in infrastructure and public services, Xu Shaoshi, head of the National Development and Reform Commission (NDRC), told reporters at a briefing in Beijing.
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BUENOS AIRES (Reuters) - Argentina will need "substantial relief" as it restructures nearly $70 billion in debt with international bondholders, the country's economy minister Martin Guzman told Reuters, signaling a tough tonic ahead for the country's creditors.
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CAPE TOWN, Aug 13 (Reuters) - Steinhoff will struggle to turn a profit in coming years despite strong turnover as it restructures following an accounting scandal, the South African retailer said in a presentation to investors on Tuesday.
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DUBAI, March 10 (Reuters) - Abu Dhabi-listed Etisalat has appointed Hatem Dowidar as its acting chief executive officer until the group restructures by June-end, a statement by the telecom operator to the bourse showed on Thursday.
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The company has said that it expects to fund the airbag repairs through the asset sale and that it has secured financing to ensure it can continue operations, including dealing with the defective inflaters, while it restructures.
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The company said it plans to sell its construction equipment rental company, AMECO, and its government business as well as monetize its real estate as it restructures its operations after booking losses in the last two quarters.
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Fixing the problem, then, will require collective action—action taken by massive groups of people in a concerted fashion—that at bare minimum holds the power players accountable and at maximum seriously restructures our political-economic system.
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The plan also limits price increases in Medicare Part D and Part B to inflation (applied retroactively to 2016), creates an out-of-pocket spending cap in Part D, and restructures how Part D is paid for.
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Background: MNG Enterprises, known commonly as Digital First Media, is owned mostly by a New York-based hedge fund called Alden Global Capital, which often buys up distressed newspapers and restructures them to slash costs and drive profits.
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Sears Canada Inc said it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants.
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BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti said on Tuesday it will exit western Europe early next year, as it restructures its global operations and turns its attention to sales in the world's top two auto markets.
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Earlier on Wednesday, GE said it would cut up to 6,7003 jobs in Europe over the next two years, including 765 in France and 1,300 in Switzerland, as it restructures and integrates its acquisition of Alstom's energy business.
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Shares of General Electric could rally 28 percent to $40 in the next 12 months as the Dow Jones industrial average component restructures its portfolio of businesses, grows earnings and benefits from lower corporate taxes, according to Bernstein analysts.
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FRANKFURT, Sept 18 (Reuters) - German publisher Bertelsmann said on Tuesday it was merging its customer service business with that of its Moroccan partner Saham, opting for a global alliance rather than a sale as it restructures its sprawling portfolio.
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Cisco said today that it will cut up to 5,500 jobs as it restructures and — like many big, old IT companies — tries to shift its business toward software and services and away from selling hardware that sits in data centers.
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The global networking company announced last August it would cut 5,500 jobs, or 7 percent of its global workforce, starting in 2017, as it restructures to focus on key priority areas such as security, internet of things, collaboration and cloud services.
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Ralph Lauren recently announced it was and cutting its full-time workforce by about 8 percent, steps that are expected to save the company up to $220 million a year in a move to become more nimble as it restructures.
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Esprit said in November that it would cut about 40 percent of its non-store jobs and reduce the number of products it sells in stores as it restructures in the wake of tough competition from online and fast-fashion retailers.
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Switzerland's second-biggest bank, which is recovering from back-to-back annual losses as it restructures under Chief Executive Tidjane Thiam, announced the cash raising plans in April and hopes it will remove any lingering concerns about its capital strength.
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The bank's approach to the U.S. tech companies, which has not been previously reported, is part of a 13 billion euro ($14.20 billion) technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.
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The enterprise technology company announced on Wednesday it would cut 24,25 jobs, or 7 percent of its global workforce, starting in fiscal year 2017, as it restructures to focus on key priority areas such as security, internet of things, collaboration and cloud services.
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In the film, the humans can't understand that the futuristic technology the alien "heptapods" are offering humanity is not a new weapon or energy device, but their language, which reframes and restructures the way one understands the nature of time and existence.
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But China is accused by America and others of saturating markets with cheap exports to keep its mills going while it restructures the industry, by cutting production by up to 150m tonnes a year, and of unfairly supporting steelmakers with tax rebates.
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But the German flag carrier continues to face a long list of serious challenges, including heightened competition on both short- and long-haul routes and tense relations with labor unions as it restructures and places more emphasis on Eurowings, a low-cost subsidiary.
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"The court granted a six month moratorium in favour of Hyflux, which means no claims or enforcement actions can be brought against Hyflux in this six month period while it restructures its debt," the lawyer, Manoj Pillay Sandrasegara from Wong Partnership, said in an email.
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Thousands of stores have shut and entire shopping malls have closed as the retail industry restructures, while online retailers such as Net-a-Porter have captured customers who used to shop in the upscale boutiques and high-end department stores that Mr. Aronsson regularly visited.
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New York (CNN Business)New York Media, the parent company of New York magazine, laid off 16 full-time staffers and an additional 16 freelancers or part-time employees as the publication restructures, chief executive Pam Wasserstein said in a memo to employees on Monday.
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DHAHRAN, Saudi Arabia/DUBAI (Reuters) - Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).
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BUENOS AIRES (Reuters) - Argentina will revamp as much as $68.8 billion in foreign law bonds as it restructures its debt, the government said in a decree on Tuesday, paving the way for tense negotiations as the country looks to strike a deal with creditors this month.
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The plan, which critics say benefits the wealthy more than the middle class, lowers the corporate tax rate down from 35% to 21%, nearly doubles the standard deduction for individuals, repeals the individual mandate in the Affordable Care Act and restructures the way pass-through businesses are taxed.
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TODAY'S NUMBER 9 That's the percentage of staff that Tesla is laying off, as the electric car maker, which has gone through something of a rough patch, restructures AND FINALLY One-man band Who needs a band like Toto when this guy can recreate its '80s classic, "Africa," using just his voice.
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The plan -- which critics say is heavily weighted to ease the tax burden on businesses rather than the middle class -- drops the corporate tax rate down from 35% to 21%, repeals the corporate alternative minimum tax, nearly doubles the standard deduction for individuals and restructures the way pass-through businesses are taxed.
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The announcement comes a few weeks after CEO John MacFarlane noted in a blog post that the company was in the process of letting go of some employees as it restructures for a future dominated by streaming music, but few expected Whitten — the former chief product officer for Xbox — to be on the outs.
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Facebook restructures Building 8, separating projects into Reality Labs and Portal groups Bringing an AR/VR engineer to take on Portal while the guy who was leading Portal takes on AR/VR may seem a bit questionable but Facebook does see quite a bit of crossover between the two hardware efforts which both heavily leverage computer vision tech.
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What's in the bill The bill -- which critics say is heavily weighted to ease the tax burden of businesses rather than the middle class -- drops the corporate tax rate down from 21.5% to 210%, repeals the corporate alternative minimum tax, nearly doubles the standard deduction for individuals and restructures the way pass-through businesses are taxed.
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Read more:Wayland Group just revealed it&aposs shedding workers as the Canadian cannabis firm restructures amid an industry shakeoutLayoffs, cratering stocks, and blown-up deals: 11 experts take us inside the cannabis industry&aposs meltdown and tell us where the industry goes from hereCannabis companies have slashed over 1,000 jobs in recent weeks as the industry contends with a &apostoxic&apos landscape.
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"There are a lot of grumpy climate change specialists expressing frustration right now that we've been trying to motivate massive restructuring of society since forever, and then this virus comes and massively restructures society almost immediately," said Seth Baum, executive director of the Global Catastrophic Risk Institute and a researcher on the risks involved in pandemics and other very bad events.
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The policy CNN has covered what's in the final bill extensively, but here are just a few of the highlights: The plan -- which critics say is heavily weighted to ease the tax burden of businesses rather than the middle class -- drops the corporate tax rate down from 295% to 299%, repeals the corporate alternative minimum tax, nearly doubles the standard deduction for individuals and restructures the way pass-through businesses are taxed.
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DOJ asks for more time in House intel request for Trump 'wiretap' evidenceA better way to walk on ice: think like a penguin How NASA will keep astronauts from going stir-crazy on long space missions Here are five things to know about what the CBO said: The CBO projects that the plan, if enacted, would cut the federal budget deficit by $337 billion by 2026 The plan restructures the state-federal Medicaid health plan for the low-income, disabled and elderly.
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