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Business David Koch

  • Scott Pruitt testifies during his confirmation hearing before the Senate Committee on Environment and Public Works on Capitol Hill, January 18, 2017 in Washington.

    New reports show Scott Pruitt, now the EPA administrator, had close ties with oil and gas producers to reduce environmental regulations. NYT reports.

  • Some of Toyota's 1,500 dealers heeded the call and contacted members of the House of Representatives' tax-writing Ways and Means Committee, urging them to rethink their proposal, according to people familiar with the effort. The Japanese automaker's mobilization of its army of dealers underscores the growing alarm among some of the world's largest...

  • HOUSTON/ NEW YORK, Jan 27- As with many industries now fretting over the uncertain future of U.S. trade policy, the oil business is sizing up the potential impact of the various protectionist measures being bandied about Washington- which have sent crude markets into a tizzy. That would spark a rise in fuel costs across the country that would hurt East and West Coast...

  • WASHINGTON, Jan 24- A leading Republican lawmaker warned on Tuesday that Congress will not be able to lower the U.S. corporate tax rate to the 15 to 20 percent range sought by President Donald Trump unless a controversial "border adjustment" proposal remains part of tax reform. Escalating the war of words over a measure opposed by retailers, oil refiners and...

  • gas prices crude oil

    Analysts said the specter of higher gasoline prices could prove embarrassing for Trump.

  • WASHINGTON, Dec 16- A Koch Industries- funded report warned on Friday U.S. gasoline prices would rise if Congress passed a Republican proposal to adjust U.S. corporate tax rates to favor exports over imports, escalating a lobbying battle over the measure. The report by energy consultant Philip Verleger surfaced a week after the private conglomerate, controlled...

  • WASHINGTON, Dec 15- A sweeping tax reform proposal meant to boost U.S. manufacturing faces mounting pressure from industries that rely heavily on imported goods as President-elect Donald Trump and congressional Republicans work to finalize new tax legislation. Trump and House Republicans have not reached agreement on border adjustability but could iron...

  • WASHINGTON, Dec 15- A sweeping tax reform proposal meant to boost U.S. manufacturing faces mounting pressure from industries that rely heavily on imported goods as President-elect Donald Trump and congressional Republicans work to finalize new tax legislation. Trump and House Republicans have not reached agreement on border adjustability but could iron...

  • WASHINGTON, Dec 15- A sweeping tax reform proposal meant to boost U.S. manufacturing is coming under mounting pressure from industries that rely heavily on imported goods as President-elect Donald Trump and congressional Republicans work to finalize new tax legislation. This week, incoming Trump White House Chief of Staff Reince Priebus expressed support...

  • David and Charles Koch

    Opponents from apparel makers to big retailers unite against a plan to penalize U.S. importers.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • President-elect Donald Trump is expected on Tuesday to name former Labor Secretary Elaine Chao to be his transportation secretary, a source with knowledge of the decision said. She is married to U.S. Senate Majority Leader Mitch McConnell, a Republican from Kentucky. Price, 62, is an orthopedic surgeon who heads the House of Representatives' Budget Committee.

  • Republican Representative Tom Price, an orthopedic surgeon from Georgia, will be Health and Human Services secretary, and consultant Seema Verma will lead the Centers for Medicare and Medicaid Services, a powerful agency that oversees government health programs and insurance standards, Trump said in a statement. Price, 62, is an orthopedic surgeon who heads...

  • SAN FRANCISCO, Nov 16- The investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is spending more than $2 billion to take a significant stake in enterprise software provider Infor, the companies said on Wednesday. Koch Industries, with annual revenue of about $100 billion, owns brands such as Brawny paper towels, Dixie...

  • Nov 12- The private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is nearing a deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion, according to people familiar with the matter. The deal, if completed, would mark the largest investment...

  • Nov 12- The private investment arm of Koch Industries, the industrial conglomerate of the billionaire Koch brothers, is nearing a deal to acquire a significant minority stake in Infor Inc that will value the business software company at roughly $10 billion, according to people familiar with the matter. The deal, if completed, would mark the largest investment...

  • Stanford University campus

    These schools have produced a striking number of today's billionaires.

  • Students walk on the campus of the Massachusetts Institute of Technology.

    According to Wealth-X, these universities produce the most billionaires.

  • Donald Trump

    Donald Trump said he has "no relationship" with Vladimir Putin, despite an interview in 2013 where he stated the opposite, NBC News reports.