In a statement, German chemicals and pesticides giant Bayer stated, the costs of settlement over claims of its Roundup weedkiller which causes cancer, which it had initially placed at $11 billion, will go up further by $750 million. Although earlier this… Read More ›
In a significant development, the Securities and Exchange Commission has voted to relax internal audit controls measures that were first introduced at smaller publicly listed companies in 2002, following a string of accounting scandals including one at Enron Corp. The… Read More ›
Jill Soltau, who will join the company in mid-October, will have the task of turning it around. In August 2018, J. C. Penney reported a higher than expected second quarter loss and revised its full-year forecast. J. C. Penney Co… Read More ›
The one-time tax hit is because of changes made to the U.S. tax code. On Tuesday, Australian mining giant BHP Billiton stated it will incur a $1.8 billion income tax hit due to changes in the income tax rate for… Read More ›
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