PAC support: Cut Off-based Alpha Marine Services, which provides towing and marine support to the military, is listed in a complaint to the Federal Election Commission which says the business broke the law by making a $100,000 contribution to a conservative political action committee. According to FEC quarterly reports, the donation was made in June 2018, when Alpha Marine held multiple contracts worth more than $35 million from the U.S. Department of Defense. Read the full story. Â Â
On the market: U.S. home price gains slowed for the ninth straight month in December, reflecting weaker sales and higher mortgage rates that have since declined. The S&P CoreLogic Case-Shiller 20-city home price index increased 4.2% from a year earlier, down from 4.6% in November, according to a report released Tuesday. Home sales and price increases cooled considerably last year and have been a drag on the economy. Previous price gains have put many homes out of reach for would-be buyers, and a jump in mortgage rates last fall also held back sales, which plunged 8.5% in 2018. Read the full report.
Changing tide: Chevron plans to announce today that it has given $5 million to Catalyst, a nonprofit focused on making corporate America more hospitable toward women, The New York Times reports. It’s funding Men Advocating Real Change, a Catalyst campaign that teaches male executives how to improve diversity and inclusion at their companies. Read the full story.
