September 9, 2013 |
After scratching plans to buy the Los Angeles Times and other Tribune Co. newspapers, billionaire industrialists Charles and David Koch have agreed to buy Molex Inc., a maker of electronic connectors used by several companies, including Apple Inc. The $7.2-billion acquisition helps the Koch brothers diversify from their traditional holdings in energy, chemicals and paper. Under the deal, Koch Industries will pay a 42% premium, on average, for shares of the Lisle, Ill., company.
June 25, 2012 |
The Koch brothers' attempted takeover of the libertarian Cato Institute has come to an end, at least for now. Charles and David Koch - the Kansas billionaires at the center of a network of conservative financial and intellectual influence sometimes derisively called “the Kochtopus” - have reached an agreement that changes the structure of the Cato Institute in exchange for its current chief executive, Ed Crane, stepping down. So ends one phase of a power grab that had tossed one of the most famous think tanks in Washington into confusion.
February 26, 2014 |
WASHINGTON - Majority Leader Harry Reid, angered by a new round of anti-Obamacare ads he called "lies," condemned the Koch brothers as "un-American" on the Senate floor Wednesday. Reid's remarks attacking the billionaire Republican contributors Charles and David Koch reflect Democrats' increasing concern that the spending by outside groups like Americans for Prosperity against Democratic candidates could cost the party its Senate majority. The Nevada Democrat, in the first of two floor speeches on the subject Wednesday, questioned the veracity of new advertisements from Koch-backed groups that feature individuals sharing stories about the apparent hardships they've faced because of the Affordable Care Act. One features a Michigan resident who said she was fighting leukemia and had her insurance canceled because of the new law. The woman says Rep. Gary Peters' vote to pass the law "jeopardized my health.
March 27, 2013 |
A Wisconsin man could face years in federal prison if he is convicted of helping hacker collective Anonymous take down Koch Industries' website during protests in the state's capital in 2011, according to an indictment revealed this week. The charges were announced Tuesday by the U.S. attorney's office in Wichita, Kan. -- the home of Koch Industries, a $115-billion-a-year oil and manufacturing conglomerate owned by libertarian iconoclasts Charles and David Koch. Officials said Eric J. Rosol, 37, of Black Creek, Wis., participated in an Anonymous-organized shutdown of Koch websites www.kochind.com and www.quiltednorthern.com on Feb. 27 and 28 in 2011.
April 19, 2014 |
WASHINGTON - The political attack ad that ran recently in Arizona had some familiar hallmarks of the genre, including a greedy villain who hogged sweets for himself and made children cry. But the bad guy, in this case, wasn't a fat-cat lobbyist or someone's political opponent. He was a solar-energy consumer. Solar, once almost universally regarded as a virtuous, if perhaps over-hyped, energy alternative, has now grown big enough to have enemies. The Koch brothers, anti-tax activist Grover Norquist and some of the nation's largest power companies have backed efforts in recent months to roll back state policies that favor green energy.
August 2, 2012 |
Are two of the left's most useful villains, Charles and David Koch, not quite as unredeemable as liberals believe? Could it be they might change their minds about climate change and admit that it is real? UC Berkeley physics professor Richard A. Muller says that, after years of paying for studies by global warming skeptics, the Koch brothers honestly want to get the science clarified. They helped fund Muller who, only three years ago, doubted that the Earth was heating up to dangerous levels due to human activity.