Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of Commerce, which spends more to lobby Congress than anyone else, saw long-sought legislation on asbestos claims advance in Congress today.
Koch Industries Inc., a holding company led by two billionaire brothers who help finance Republican-aligned public policy groups, sent a letter to U.S. senators yesterday saying the company hasn’t advocated using Obamacare as leverage in the debate about government spending.
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
Molex Inc., a maker of electronic components for products such as Apple Inc.’s iPhone, agreed to a $7.2 billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers.
Koch Industries Inc., which drew protests earlier this year over speculation that it might buy the Los Angeles Times or other Tribune Co. publications, said it’s no longer interested in bidding for the newspapers.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.