Romney tops Obama’s July fundraising by $25 million

Posted Aug. 06, 2012, at 8:25 p.m.

WASHINGTON — For the third month in a row, Republican presidential challenger Mitt Romney’s campaign outraised the re-election effort of President Barack Obama, scooping up $101.3 million, while the president pulled in more $75 million.

The Obama campaign said on Twitter Monday that 201,000 of those who donated in July were new contributors who had not supported his efforts earlier this year or in 2008. In all, 2.7 million people have donated since he kicked off his re-election bid in April 2011.

But those new contributors were not sufficient to overcome Romney’s momentum in the money race. His schedule in July was packed with high-priced events, including a fundraiser in London that brought in at least $2 million from American expats.

On Monday, Romney’s campaign sought to stress the small donors who are backing him, saying that 600,627 contributions received in July were under $250, totaling $25.7 million.

Knight Capital confirms rescue deal in filing

NEW YORK — Knight Capital Group Inc. on Monday confirmed it has entered into a $400 million deal to rescue the struggling brokerage after a trading software glitch last week left it on the verge of collapse.

In a filing with the U.S. Securities and Exchange Commission, Knight said a group of investors agreed to purchase $400 million of 2 percent convertible preferred stock.

The preferred stock would be convertible into 267 million shares, diluting current shareholders. Knight’s stock tumbled after the opening bell on Wall Street.

Knight lost $440 million last week when a trading software glitch sent a slew of errant trades into the stock market. The loss forced the major Wall Street brokerage to seek rescue financing or find a buyer.

Hiroshima marks 67th anniversary of A-bomb attack

TOKYO — Hiroshima marked the 67th anniversary of the world’s first atomic bomb attack on Monday with a call for the elimination of nuclear arsenals.

About 50,000 people gathered in Hiroshima’s peace park near the epicenter of the 1945 blast that destroyed most of the city and killed as many as 140,000 people. A second atomic bombing Aug. 9 that year in Nagasaki killed tens of thousands more and prompted Japan to surrender to the World War II Allies.

The ceremony, attended by representatives of about 70 countries, began with the ringing of a temple bell and a moment of silence. Flowers were placed before Hiroshima’s eternal flame, which is the park’s centerpiece.

11 slain Israelis remembered at Munich memorial

LONDON — The widow of an Israeli athlete slain during the 1972 Munich Olympics denounced the IOC during a memorial Monday to honor the dead, shouting “Shame on you!” for failing to offer a moment of silence during the opening ceremony for the London Games.

Ankie Spitzer took the podium during the service for the 11 athletes and officials killed in a terrorist attack and pointedly directed her remarks to International Olympic Committee head Jacques Rogge, who had spoken only moments earlier.

The Munich Olympics were meant to right an historical wrong. They were the first held in Germany since the 1936 Berlin Olympics, which were tainted by images of Nazism. But the Black September Palestinian militant group penetrated the laxly secured athletes village and took Israeli team members hostage. Eleven died at the village or in a botched rescue attempt.

SEE COMMENTS →

ADVERTISEMENT | Grow your business
ADVERTISEMENT | Grow your business

Similar Articles

More in Nation