Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets.
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
The new tax cuts will make winners out of companies with big deferred tax liabilities and losers of those with large tax assets, an expert forecasts.
The struggling retailer gets more time to pay off a $400 million loan and expects to obtain a new secured credit facility.
Regulators are seeking to give banks more information about the testing process without enabling them to game the system.
Sponsors seek to tackle the rising costs and onerous administrative burdens of defined-benefit pension plans.
GE's new CEO tightens reins as cash-flow projection plummets to $7 billion.
Former Rio Tinto finance chief steps down from Royal Dutch Shell’s board as a result of the charges.
The coated paper industry "faces a long-term, structural decline as dependency on digital technology has increased," the company says.