November 5, 2012 |
For anyone seeking the original source of the $11 million political donation from an obscure Arizona nonprofit, Monday morning's disclosure was unsatisfying. The out-of-state group said only that the money came from other nonprofits. But the disclosure was revealing in its own way, showing how a chain of blandly named organizations can shuttle money around the country with little transparency. It also showed more ties to Charles and David Koch, billionaire energy executives and secretive Republican donors.
CALIFORNIA | LOCAL
November 5, 2012 |
SACRAMENTO - After a frantic court battle, state election officials succeeded Monday in forcing an Arizona group to disclose the identities of contributors that provided $11 million to a California campaign fund. But the revelations added little clarity for voters. The mystery donors turned out to be other nonprofits, whose individual contributors remained secret. The money started with the Virginia-based Americans for Job Security and was transferred to a group called the Center to Protect Patient Rights.
CALIFORNIA | LOCAL
November 2, 2012 |
SACRAMENTO — The Arizona nonprofit at the center of a controversy over secret campaign donors Thursday appealed a judge's order to turn over records to California's campaign finance watchdog. The Fair Political Practices Commission is seeking the records to determine whether the nonprofit is improperly shielding the identities of its contributors. The nonprofit, Americans for Responsible Leadership, gave $11 million to fight Gov. Jerry Brown's tax hike plan and support a separate measure to curb unions' political influence.
October 11, 2012 |
The scars from JPMorgan Chase & Co.'s whopping trading losses have healed -- at least in its stock price. Five months after the bank disclosed a trader nicknamed the "London Whale" lost billions in risky derivatives bets, its stock has recovered from a sharp dive. At $41.77 a share Wednesday, JPMorgan's stock was $1.13, or 3%, higher than it was on May 10, when the company revealed the bad bets. The bank's stock gained another 57 cents, or 1%, to $42.34 in early trading Thursday.
October 10, 2012 |
Facebook resisted prodding by the U.S. Securities and Exchange Commission to disclose more about the risks from a burgeoning user base accessing the social-networking site from mobile devices, according to a news report. A lengthy article by Bloomberg News highlights letters between Facebook and the SEC's corporation finance division, which oversees what publicly traded companies disclose in regulatory filings before their initial public offerings. The letters, made public by the SEC, "depict a management team hesitant to disclose information and still guessing at even rudimentary aspects of its business just weeks before the company held the largest-ever technology initial public offering," Bloomberg News reported.
October 9, 2012 |
Heart attack patients in states that require healthcare providers to report the outcomes of procedures to open blocked arteries are less likely to receive those live-saving treatments than similar patients in states without public reporting mandates, according to a new study. The disparities in care, however, appeared to have little effect on patient survival rates. The analysis, based on nearly 100,000 Medicare patients in 10 states, comes amid a nationwide push for greater transparency in how doctors and hospitals measure up against one another.
CALIFORNIA | LOCAL
October 6, 2012 |
SAN JOSE - A Northern California-based supermarket chain that caters to Latino immigrant shoppers and was founded by an undocumented schoolteacher from Mexico announced Friday that the company is being audited by federal immigration officials. Disclosure of the audit, which could result in a mass firing, comes six weeks after San Jose-based Mi Pueblo Food Center joined E-Verify, a voluntary and controversial computerized system that screens the immigration status of new employees.
September 18, 2012 |
WASHINGTON - Conservative groups pumping hundreds of millions of dollars into the 2012 campaign won a reprieve Tuesday when the U.S. Court of Appeals in Washington overturned a decision requiring organizations that run election-related television ads to reveal their donors. In an unsigned decision, a three-judge panel said a lower court erred in finding that Congress intended to require such disclosure. It sent a case brought by Rep. Chris Van Hollen (D-Md.) against the Federal Election Commission back to the district court and called on the FEC to defend its regulations or issue new ones.
August 31, 2012 |
CHICAGO — U.S. airline behemoths United Airlines and Delta Air Lines could be joined by a third mega-carrier, as talks to merge American Airlines and US Airways heated up heading into the Labor Day weekend. AMR Corp., parent of American Airlines, and US Airways Group Inc. announced Friday that they signed a non-disclosure agreement and would exchange confidential information in an effort to merge their companies. A merged airline would have complementary route networks and achieve the scale necessary to compete head-to-head with the largest carriers, US Airways officials have said.
August 30, 2012 |
Bowing to pressure from consumers and Congress, major banks are simplifying the information they provide to customers about their most basic product - the checking account. Bank of America Corp. said Wednesday that it was adopting plain-language disclosures that fit on a single sheet of paper, as suggested by the Pew Charitable Trusts, a Philadelphia nonprofit that has been outspoken about consumer frustration with lengthy legal terms and conditions. The changes were spurred by complaints that banks - which caused the financial crisis and were bailed out by taxpayers - had embedded hidden fees and penalties in dozens of fine-print pages describing supposedly free checking accounts.