Saturday, June 2, 2012

Mitt Romney offloaded shares in stem-cell research company before announcing presidential bid

A new financial report from GOP presidential candidate Mitt Romney shows that his personal fortune remains near $250 million, even after a mass sell-off of stocks from his vast investment portfolio.

Romney's campaign said on Friday that his assets ranged between $190 million and $250 million and in the last two years the Republican candidate has shed stocks in companies that conflict with his stated political views.

In 2010, Romney offloaded shares in Fresenius Medical Care, a German company that has done work in stem cell research, which Romney has said he opposes as well as stocks in Komatsu and Schlumberger, firms that have been targeted in the past for doing business in Iran. Read More