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GERMANY — Bayer plans to slash thousands of jobs as part of a corporate overhaul following its acquisition of Monsanto.The chemicals and pharmaceuticals group said it would cut 12,000 jobs out of its global workforce of 118,000 by the end of 2021. A significant number of reductions will be made in its home market of Germany.More than 4,000 jobs will go at the company's crop sciences division, a consequence of Bayer's acquisition of US rival Monsanto earlier this year.Bayer (BAYRY) spent over billion buying Monsanto. To gain regulatory approval for the deal, Bayer agreed to sell assets including its seed business and some herbicide brands.The German company said in a statement on Thursday that it was considering whether to sell more assets, including the sunscreen business Coppertone and footwear brand Dr. Scholl's.It will get out of the business of animal health, and sell its 60% stake in Currenta, a company that provides services to chemical companies.Shares in Bayer have dropped by more than a third so far this year, in part because of concerns over the company's exposure to lawsuits involving Roundup, a weedkiller made by Monsanto.In August, San Francisco jurors awarded 9 million in damages to a former school groundskeeper who said his terminal cancer had been caused by the product.The damages were later reduced by a judge, but hundreds of other patients have made similar claims. Monsanto has said the product is safe when used as directed. 1481
Google chief executive Sundar Pichai appeared on Capitol Hill Wednesday where he faced questions from lawmakers on a number of issues, including data privacy, misinformation, a search product being developed for China, and allegations from Republicans that the search engine giant is biased against conservative users."All of these topics -- competition, censorship, bias, and others -- point to one fundamental question that demands the nation's attention: Are America's technology companies serving as instruments of freedom—or instruments of control?" House Majority Leader Kevin McCarthy said at the outset of the hearing, which was held by the House Judiciary Committee.McCarthy added, "[T]he Free World depends on a free Internet. We need to know that Google is on the side of the Free World, and that it will provide its services free of anti-competitive behavior, political bias, and censorship."The hearing, Pichai's first before Congress, came just a few months after a different attempt to get him to Capitol Hill turned so contentious that a Senate committee featured an empty chair in his place at a hearing.The House Judiciary Committee has questioned technology executives at hearings throughout the year, most recently Twitter (TWTR) chief executive Jack Dorsey in September.Those hearings have focused primarily on whether technology companies are biased against conservative users, but have touched on other issues. 1447
Hey All, thank you all so much for all the love, texts, msgs & support thru this! It’s all still shocking for me but know I’ll do what I have in me to beat this! My whole life I’ve beaten the odds, so it’s NOT time to stop now! Ready for 2020 to be fkn over! #gripitandripityall— John Daly (@PGA_JohnDaly) September 11, 2020 336
Heavy rain this week could help quench the Camp Fire burning in Northern California, bringing with it an end to the threat of more wildfires this year but also new dangers.The rain will end "fire concerns for the winter," Robert Baruffaldi, a meteorologist in the National Weather Service's Sacramento office, told CNN Monday night.However, officials in Butte County are warning residents already devastated by the deadliest and most destructive wildfire in the state's history that rain arriving Wednesday could cause flash flooding and mudflows. The Camp Fire has killed 79 people, 64 of whom authorities have tentatively identified.The National Weather Service has issued a flash flood watch from Wednesday through Friday for the Camp Fire area. 756
Getting a big paycheck is nice, but not so much come tax season.Typically, about 18 percent of Americans are underwithholding and owe money to the IRS instead of getting a refund, according to Market Watch. But this year, the Government Accountability Office says 3 million more people are expected to join that 18 percent.Tax attorney Michelle McCarthy, with Gantenbein Law Firm, says a majority of people expected to owe money to the IRS will be large families. That’s because of the changes made in the new reform. 551