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Lobbyists

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  • TALLAHASSEE, Fla., March 26- A bill to create two casino gambling "destination resorts" in south Florida divided the Republican-controlled statehouse on Thursday, with the expansion of craps, slot machines and high-stakes gaming opposed by family-oriented tourist attractions. Proponents argue that Florida is losing billions in tourism revenue to Caribbean...

  • The overseas witnesses were called by lobbyist Fernando Soares, who prosecutors say was the middleman for alleged bribe payments by the shipbuilder, Samsung Heavy Industries Co Ltd. Neither Samsung Heavy Industries nor its executives have been charged, but prosecutors mentioned evidence the Korean company had paid bribes in corruption and money...

  • WASHINGTON, Feb 27- The Obama administration is battling Wall Street to win the support of dozens of Democrat lawmakers over rules that could rein in brokers who handle trillions of dollars in retirement accounts. President Barack Obama on Monday called on the Department of Labor to write new rules for brokers that seek to reduce conflicts of interest and "...

  • WASHINGTON, Jan 14- The head of the U.S. Chamber of Commerce charged on Wednesday that Senator Elizabeth Warren and other backers of what he called "economic populism" were actually seeking a state-run economy. Thomas Donohue, the chamber's president and a top business lobbyist, said he did not think most Americans shared the views of Warren, a liberal Democrat and...

  • RIO DE JANEIRO, Jan 14- Brazilian police early on Wednesday arrested another former executive at state-run oil company Petroleo Brasileiro SA after prosecutors accused him of continued involvement in corruption and money laundering. Nestor Cervero, former international director of the company known as Petrobras, was detained at Rio de Janeiro's...

  • Julio Camargo, a consultant for contractor Toyo Setal, and lobbyist Fernando Soares were charged along with Cervero with allegedly paying out $40 million in kickbacks to political parties, executives and contractors and accepting $13 million in bribes from Korean shipbuilder Samsung Heavy Industries, the prosecutors said in a statement.

  • Korea holds winning hand as Japan gambling bill dies Sunday, 23 Nov 2014 | 6:14 PM ET
    Hanging above the "Center Bar," a Pepsi-branded LED display with 2.1 million pixels.

    South Korea looks like the consolation prize as Japan's $15 billion casino dream fades.

  • TOKYO/ SEOUL, Nov 24- South Korea looks like the consolation prize as Japan's $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.. Japan is seen as the biggest unclaimed prize, a market that research firm Union Gaming estimated would generate $15 billion in annual...

  • SAN FRANCISCO/ WASHINGTON, Nov 20- President Barack Obama plans to make life a little easier for some foreign tech workers, but Silicon Valley representatives are disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards. The president's moves will make it easier for entrepreneurs to work in...

  • Obama's immigration tweaks leave Big Tech wanting more Thursday, 20 Nov 2014 | 7:21 PM ET

    SAN FRANCISCO/ WASHINGTON, Nov 20- Silicon Valley expects President Barack Obama to make life a little easier for foreign workers, but tech industry representatives were disappointed that his immigration rule changes will not satisfy longstanding demands for more visas and faster green cards for high-skilled employees. The president's moves will make it...

  • If lobbying the FCC fails, the telecoms industry could turn to a legal fight in a court that in the past has been favorable for the industry, as well as making an appeal to regulation-averse congressional Republicans to intervene. Much depends on the wording of the rules, which the FCC has not written. Litigation seems certain if FCC Chairman Tom Wheeler proposes...

  • Lobbying & the stock impact   Wednesday, 26 Feb 2014 | 11:00 AM ET
    Lobbying & the stock impact

    CNBC's Jeff Cox explains how companies that spend more money lobbying Congress tend to have higher stock prices, as well as another surprising factor.

  • What's wrong with exporting oil?   Tuesday, 7 Jan 2014 | 3:12 PM ET
    What's wrong with exporting oil?

    Chris Faulkner, Breitling Oil & Gas president & CEO, and Tyson Slocum, Public Citizens Energy Program director, debate lifting the ban on oil exportation and the effect it will have on gas prices. Faulkner argues that exporting crude will create more jobs and invest in the U.S. oil revolution.

  • The politics of social media   Monday, 12 Aug 2013 | 11:49 AM ET
    The politics of social media

    Social media giant Twitter is forming a political action committee in Washington appointing its first registered lobbyist. Ben Smith, BuzzFeed, weighs in.

  • AIG Back in the Lobbying Game   Thursday, 24 Jan 2013 | 10:46 AM ET
    AIG Back in the Lobbying Game

    CNBC's Eamon Javers reports the insurance giant is quietly marking its return to the K Street lobbying game.

  • Why Is India Launching a Probe Into Wal-Mart? Wednesday, 12 Dec 2012 | 6:41 PM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    India's government has announced an inquiry into the lobbying practices of Wal-Mart after a report that the giant retailer had pressed U.S. lawmakers to help gain access to foreign markets.

  • Lawmakers Regulate Banks, Then Flock to Them Wednesday, 14 Apr 2010 | 10:36 AM ET
    Dick Armey

    The revolving door between Washington and Wall Street is an oft-noticed phenomenon here, but in recent years, the migration from Congress to the financial services firms that are trying to stave off greater federal regulation has become more pronounced. The NYT reports.

  • Lobbyists Get Potent Weapon in Campaign Finance Ruling Friday, 22 Jan 2010 | 11:43 AM ET
    Sen. Chuch Schumer

    The Supreme Court has handed lobbyists a new weapon. A lobbyist can now tell any elected official: if you vote wrong, my company, labor union or interest group will spend unlimited sums explicitly advertising against your re-election.

  • Deep in Health Bill, Very Specific Beneficiaries Monday, 21 Dec 2009 | 10:57 AM ET
    Stethescope and money

    The New York Times reports on some of the hidden compromises in the final version of the Senate's health care reform bill.

  • capitol_building_new.jpg

    As the Senate prepares to tackle global warming, the nation’s energy producers, once united, are battling one another over policy decisions worth hundreds of billions of dollars in coming decades.