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United States

Supreme Court Rolls Back Corporate Campaign Spending Limits 1070

lorenlal writes "The Supreme Court of the United States must have figured that restrictions on corporate support of candidates was a violation of free speech, or something like that." From the AP story linked above: "By a 5-4 vote, the court on Thursday overturned a 20-year-old ruling that said corporations can be prohibited from using money from their general treasuries to pay for campaign ads. The decision, which almost certainly will also allow labor unions to participate more freely in campaigns, threatens similar limits imposed by 24 states."
Businesses

Comcast to Buy 51% of NBC, GE Goes After 49% 258

An anonymous reader writes to tell us that Comcast and General Electric announced a joint venture yesterday to control NBC Universal, with Comcast coming out with the controlling interest. Comcast's hopes seem to be on succeeding in a marriage of distribution and content, where Time Warner failed. "The deal was approved by the companies' boards, and is subject to regulatory approval. GE said it expects the deal to go through in the third quarter of 2010. Congress has already said it will hold a hearing to investigate whether Comcast will gain 'undue advantages' from the deal that gives it access to programming."

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