Mark Sanford, the South Carolina Republican governor disgraced by lying to conceal an extramarital affair, has staged a political comeback and will be sworn in as the newest U.S. House member this week.
It seems like an idea all Republicans would love: the U.S. sells the largest federally owned power company, paying down debt and ending a project begun at the height of the New Deal’s government expansion.
President Barack Obama’s proposal to wean the Tennessee Valley Authority from the U.S. government faces the same obstacles that have frustrated privatization advocates since President Dwight Eisenhower termed the state- controlled power company “creeping socialism” in the 1950s.
Billionaire hedge-fund manager Steve Cohen is bidding for the Los Angeles Dodgers, according to a person familiar with the effort, his second try this year to buy at least a piece of a Major League Baseball team.
Jon Horvath, a former analyst at SAC Capital Advisors LP who pleaded guilty to passing illegal tips to one manager at the hedge fund, also funneled inside information to another supervisor, U.S. regulators said in a lawsuit that may help accelerate the massive criminal investigation of SAC and its founder, Steven A. Cohen.
Steve Cohen , the billionaire hedge- fund manager bidding for a minority stake in the New York Mets, might want to take note of what’s happened to rivals after they bought pieces of professional sports teams.