Charles and David Koch, the billionaire brothers who run Wichita, Kansas-based Koch Industries Inc., added $1.3 billion to their collective fortune yesterday on reports that U.S. industrial production gained more than forecast. The surge elevated their net worth to more than $100 billion, according to the Bloomberg Billionaires Index.
Democrats are exploring a new attack line against the Koch brothers and Republican allies, telling voters the billionaire energy executives want to let home flood insurance premiums soar to help corporate America.
New York’s top banking regulator sent a subpoena to Credit Suisse Group AG last week as he examines whether its private bank helped clients evade state taxes, a person with knowledge of the matter said.
Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super- political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed.
Documents released in an investigation into an ignition switch flaw on some General Motors Co. cars have shed new light on the government’s decision not to act even as evidence of the fault now linked to 13 deaths was building.