Business bets big on Fiorina

carly_fiorina.gi.top.jpgFormer Hewlett Packard CEO Carly Fiorina's Senate bid has gotten a boost from business advocates. By Charles Riley, staff reporter


NEW YORK (CNNMoney.com) -- If former Hewlett Packard CEO Carly Fiorina's bid to become the next senator from California succeeds, she will owe a giant "thank you" to the U.S. Chamber of Commerce.

The Chamber has pumped $4.9 million into the California Senate race to help Fiorina, a Republican, defeat Democratic Sen. Barbara Boxer, according to the Sunlight Foundation, a nonprofit that advocates for transparency in government.

The Chamber, a business federation located just steps from the White House, is categorized as a 501(c)(6) trade association. Under this year's revamped spending laws, the Chamber is ramping up its independent spending nationwide.

If its political donations are any indication, the Chamber is particularly interested in the California race.

According to Sunlight, which compiles data from the Federal Election Commission, the Chamber has spent more on the California race than any other by far.

Its second highest spending figure was $2 million in the Florida Senate campaign.

In California, the Chamber has bought a slew of ads.

And surprise! The subject matter is fiscal policy.

"For 28 years Barbara Boxer has been bad with our money," one ad alleges before adding, "Now she's bankrupting the Treasury, voting to add trillions to the national debt."

In response, the Boxer campaign said Friday that "the special interests" were targeting Boxer because they "know that [she] will keep fighting to reign in Wall Street abuses and stop tax breaks for companies that ship jobs overseas."

Fiorina has campaigned on her business smarts -- the notion that good management and fiscal responsibility will save the tarnished Golden State.

That appears to be a priority for the Chamber as well, which devotes a section of its website, and a lengthy report, to turning California's economy around.

"To spur job creation, the state needs a new direction," Chamber CEO Thomas Donohue said in a statement that accompanied its August report on California. "Federal and state policies must be dramatically changed in order to revitalize California's economy before other states and other nations steal away more businesses, investors, and jobs."

Fiorina has deep ties to the business world the Chamber represents. She served as the chairman and CEO of Hewlett Packard from 1999 to 2005 before being forced out by the company's board.

Before HP, she spent 20 years at AT&T and Lucent Technologies. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,098.45 18.88 0.11%
Nasdaq 4,580.27 22.57 0.50%
S&P 500 2,003.37 6.63 0.33%
Treasuries 2.34 0.01 0.39%
Data as of 9:12pm ET
Company Price Change % Change
Bank of America Corp... 16.09 0.08 0.50%
Apple Inc 102.50 0.25 0.24%
Intel Corp 34.92 0.27 0.78%
Facebook Inc 74.82 0.96 1.31%
General Electric Co 25.98 -0.03 -0.12%
Data as of 4:04pm ET

Sections

The deal would value Vice at $2.5 billion. The online media company would also create content for the cable network, delivering a wider audience. More

Gas prices are falling to nearly $3 a gallon in some parts of South Carolina, and that will soon be common in much of the country. More

Netflix told the FCC that its speed on the Comcast network became so slow that customers began dropping their service. More

Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Five CNNMoney readers share stories about saving that you can learn from: What they would do differently if they had another chance. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.