The Internal Revenue Service is getting savvier at following taxpayers' online and social media footprints, according to this article. Its use of tech data worries privacy advocates and is expected to be a subject of discussion at the next IRS commissioner's Senate approval hearing.
Companies are moving forward cautiously after the Securities and Exchange Commission has given permission to release material financial information via social media. One example is the California State Teachers' Retirement System, which plans to vet information it releases on social media to make sure it is not misleading and meets regulation.
Harsco has secured a $9 million contract to supply scaffolding and insulation to Royal Dutch Shell's refinery near Pernis, Netherlands. The ultra-low-sulfur fuel-production facility is expected to be finished by the end of 2011.