The IRS will revamp rules made to curb political activity by nonprofits after receiving more than 150,000 comments. The NYT reports.» Read More
WASHINGTON— A powerful government workers' union will end its support for the United Negro College Fund after the group accepted $25 million from the conservative powerhouse Koch brothers and the college fund's president appeared at a Koch event. It accepted a $25 million grant last month from Koch Industries Inc. and the Charles Koch Foundation.
*To pay minority shareholders $14 in cash for each PetroLogistics unit. May 28- A Koch Industries Inc unit will take PetroLogistics LP private in a deal worth $2.1 billion, including debt, gaining control of a plant that can convert cheap U.S. shale gas into propylene, a key petrochemical used to make plastics.
May 28- Propylene producer PetroLogistics LP said it would be taken private by a unit of Koch Industries Inc in a deal worth $2.1 billion, including debt. The unit, Flint Hills Resources LLC, will pay $14 in cash for each PetroLogistics unit to minority shareholders who own 27 percent of the company.
Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.
SAN FRANCISCO, Oct 3- California Governor Jerry Brown has a problem. Yet Molly Munger and Charles Munger Jr., children of Warren Buffett's business partner, Charles Munger, Sr., have together become Brown's worst nightmare as the November election approaches.