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December 2018

Health Care
Did They Knowingly Sell Baby Powder Containing…Asbestos?
      0 Comments     2018-12-17

Johnson & Johnson stock plummeted 10% after Reuters published an investigative piece stating the company knew the raw materials for some of its talcum powder contained small amounts of asbestos from the early seventies until the 2000s. Most test results Reuters reviewed did not show asbestos. Yet the report said Johnson & Johnson failed to report some that did to the […]

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Technology
Facebook: “Sorry this happened.” New Data Breach Prompts EU Inquiry
      0 Comments     2018-12-17

In yet another revelation about Facebook privacy breaches, the company recently announced that a “bug” exposed up to 6.8 million people’s private photos. Three months ago. The company said that for 12 days in September, third-party app developers got access to: Photos people did not share publicly. Images that users started to upload to Facebook but decided not to post – as Facebook holds pending posts […]

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Tax Accounting and Finance
Deutsche Bank Raids: Senior Management in Scope
      0 Comments     2018-12-03

German authorities have carried out multiple raids on the top managers at Deutsche Bank AG as they investigate a possible money laundering cover-up, Bloomberg and other sources report. CEO Christian Sewing is replacing members of the management board, yet the bank’s stock is plummeting. Investigators have found disturbing documents among the Panama Papers indicating a British Virgin Islands firm – Regula Ltd., a subsidiary sold by […]

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Tax Accounting and Finance
Honeywell’s Global Restructuring: HQ Pulled From New Jersey, Despite Tax Deal
      0 Comments     2018-12-03

Notwithstanding a $40 million corporate tax break from the state of New Jersey, Honeywell International Inc., now headquartered in Morris Plains, has picked Charlotte, North Carolina as its future base. Between now next September, Honeywell will relocate at least 150 senior management posts to Charlotte. The tax deal with New Jersey, now in its fourth year, has a span of 10 years. […]

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