President Obama’s 2012 campaign has a new senior adviser — a former lobbyist for the company pushing the Keystone XL pipeline, who also lobbied for Comcast throughout the period that the media conglomerate was seeking approval for its merger with NBC-Universal.
The Comcast’s acquisition of a controlling stack in NBC Universal, approved on Tuesday by the Federal Communications Commission (FCC), included a stipulation for Comcast to increase broadband access to low-income households.
A House Oversight and Government Reform hearing on the controversial merger between Bank of America and Merrill Lynch has been postponed “due to additional documents recently received,” the panel announced today.
The hearing, initially to be held Thursday, has not been rescheduled.
Former Merrill Lynch CEO John Thain apparently is having second thoughts about a fancy $1.2 million redecoration of his office, which he undertook before his firm nearly tanked and was merged with Bank of America. Thain has decided to reimburse the bank for the $1,045 trash can, the $35,115 commode, More…
In perhaps the greatest financial paroxysm yet, a spate of gigantic mergers sparked by the recent global crisis has overnight reordered the American economic landscape — if not America itself.
Once almighty Wall Street is being forced by its nosediving fortunes into a shotgun marriage with Main Street — relying More…
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