As US politics heats up, companies seek to avoid controversy

A record number of U.S. companies are either banning political spending or making sure they disclose it, as they seek to steer clear of controversy ahead of the Nov. 3 election, a new study has found.

While many U.S. companies donate to political candidates and campaigns, some do not disclose it. This can put them in the crosshairs of customers and suppliers who can accuse them of a lack of transparency.President Donald Trump has also criticized some companies, including tire manufacturer Goodyear Tire & Rubber Co and drugmaker Merck & Co Inc for taking political stands.

The Center also found that 162 companies implemented board oversight for political spending, up 46per cent since 2016. Without board oversight, companies' lobbyists and local managers are left to handle the spending on their own.

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Tokyo: Stocks close higher after US rallies[TOKYO] Tokyo stocks closed marginally higher in sluggish trading on Tuesday following rallies on Wall Street, as investors remained on the sidelines ahead of Japan's corporate results season. Read more at The Business Times.
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