Lobby Blitz: Comcast Corp. is beginning a carefully orchestrated lobbying campaign to win support for it $45 billion merger with Time Warner Cable. The company will seek support from members of Congress, state officials and leaders of nonprofit and minority-led groups as it tries to nudge federal authorities to approve the merger, The New York Times reports.
Bid Derailed?: The French government is negotiating with the State Department over paying reparations to America’s Holocaust survivors who were deported to Nazi death camps in French trains — a decades-old controversy that may derail a French company’s bid on Maryland’s Purple Line rail project, the Washington Post reports. Covington & burling partner Stuart Eizenstat is serving as special adviser to Secretary of State John F. Kerry on Holocaust issues.
No More Maker-Taker: About 15 securities industry executives met with members of the Securities and Exchange Commission earlier this month, asking the agency to abolish the “maker-taker” rebate system paid to large brokers as a way of attracting trades to stock exchanges and other platforms, Bloomberg reports. Among those lobbying the SEC – The New York Stock Exchange, T. Rowe Price Group Inc. and Royal Bank of Canada.
Back in Black: Fannie Mae will send the U.S. Treasury $7.2 billion – a profit-related dividend that makes taxpayers whole for the 2008 bailout. Freddie Mac has yet to report fourth quarter results, but it’s already paid back $9 billion more than it got in aid. Both the House and Senate are working on legislation that would do away with the entities as currently structured, Reuters reports.
Total Recall: A Georgia attorney is alleging that General Motors dragged its feet for a decade on recalling popular compact cars with a defect that was involved in the deaths of at least six people, CNN reports.