BP takes a monster hit, Boeing loses control, 'The Last Jedi' cashes in, Playboy may make big changes

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.

Oil giant BP (BP) will take a one-time, $1.5B charge to its Q4 earnings thanks to the new US tax law. BP says in the short term, the lower corporate tax rate will affect its deferred tax assets and liabilities, but, longterm, the new tax rate will have a positive impact on US earnings.

Boeing (BA) is no longer looking to take control of Brazilian plane-maker Embraer, according to a local newspaper. The tie-up in talks originally started late last year as a way to save money and to boost Boeing’s position in the jetliner market. Now, the two are reportedly focused on a partnership that would focus on joint ventures and business agreements.

The force took ‘The Last Jedi’ all the way to the top of the box office in 2017. Less than three weeks after its debut, the latest Star Wars installment raked in over a billion dollars at the worldwide box office, making it the highest-grossing film of 2017. And get this … ‘The Last Jedi’ hasn’t even opened in China yet, which is Disney’s (DIS) second-largest market.

Playboy may scrape its iconic print magazine. CEO Ben Kohn tells the Wall St. Journal he wants Playboy to move away from the media business and focus instead on brand partnerships and licensing deals. Before he died, Hugh Hefner had reportedly struck a deal with Playboy’s largest shareholder to keep publishing his money-losing magazine as long as he was alive. Hefner died in September at age 91.