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Hillary Clinton sets fundraising record

070405_hilary.gifHillary Clinton, the Democratic frontrunner for the White House, on Sunday said she had raised $26m since she entered the race — almost twice her campaign’s target and more than three times the record for the first quarter of the year before a presidential election. (…) A group of more than 20 large fund managers with responsibility for more than $55bn is demanding that companies — which traditionally keep their political spending secret — disclose all political donations, have them approved by the board and crack down on secret ­political spending by trade associations. The campaign will intensify in the next few weeks when the season of annual investors’ meetings gets under way. Managers involved include New York City’s $41bn pension fund, the Teamsters’ union ­pension fund and Calvert, Walden and Trillium. Forty-two companies — including blue-chips such as AT&T, Boeing and Citigroup — will face shareholder votes on resolutions calling for greater transparency on donations this year, according to Institutional Shareholder Services. A further 10 companies targeted by the campaign — including General Electric, Pfizer and Chevron — have already agreed to improve disclosure of their political spending. Image source: queerty.comNews selected by Covalence | Country: USA | Company: General Electric, Pfizer and Chevron | Source: Financial Times

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