Ready or not, earliest 2016 fundraising numbers are in
Former Secretary of State Hillary Rodham Clinton has dropped hints, but hasn’t said definitively that she will run for president again in 2016. That hasn’t stopped the Ready for Hillary super PAC from raising $1.7 million in the first three months of the year and $4 million in all of 2013. Clinton’s newest memoir covering her time running the State Department will be released in June.
BlackBerry could get out of handset business
BlackBerry CEO John Chen said he will sell the company’s struggling handset business if it can’t make money. The once-preeminent smartphone company reported revenue from less than 2 million devices last quarter, a far cry from fiscal 2011, when it shipped more than 52 million. BlackBerry consolidated most of its global PR work with Text100 and APCO Worldwide nearly a year ago.
Comcast, Time Warner execs defend merger plans on Hill
Executives from Comcast and Time Warner faced a tough crowd on Wednesday on Capitol Hill as lawmakers questioned how their pending merger would benefit consumers. The two companies’ top brass mostly stuck to their talking points that the combination would not dwindle competition because the companies largely operate in different markets.
GM probe turns to engineers
Congressional investigators looking into why it took General Motors a decade to recall Chevrolet Cobalts with defective ignition switches are focusing their inquiry on engineers who may have known about the issues long prior to the recall. Ignition-switch problems in the cars have been linked to 13 deaths.
B of A settles with feds over credit card marketing
Bank of America said Wednesday that it reached a deal with federal agencies to settle claims that it deceptively sold debt-cancellation and identity-theft-protection services to consumers. The $783 million accord is not expected to affect the financial institution’s first-quarter results, due out next Wednesday.