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.
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.
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.
September 9, 2013 |
Molex Inc., a maker of electronic components for Apple Inc.'s iPhone and other products, agreed to a $7.2-billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers. Koch will buy Molex's shares for $38.50 apiece, a 31% premium over the publicly traded common stock, the companies said Monday. Koch, a closely held company that owns things as varied as biofuel, fertilizer makers and commodity-trading services, is using the acquisition to expand into connector components.
May 15, 2013 |
About 300 labor union members and other activists staged a demonstration to protest the potential sale of the Los Angeles Times to the politically conservative Koch brothers. Demonstrators marched outside the downtown L.A. headquarters of Oaktree Capital Management, an investment firm that holds a roughly 20% stake in Tribune Co., which owns The Times. Protesters alleged that Charles and David Koch, billionaire siblings who fund conservative causes, want to buy The Times in order to skew the paper's coverage to favor anti-union objectives.
CALIFORNIA | LOCAL
July 17, 1998 |
Los Angeles Unified School District Supt. Ruben Zacarias announced his decision Monday to fill the long-vacant position of business czar with a district insider. In a closed meeting Tuesday, the Board of Education gave its assent to the appointment of district Business Manager David Koch to the position of chief administrative officer, which has been vacant since Jan. 1. Zacarias also announced that he is forming an advisory counsel of business leaders to assist Koch.