Romney, Bain Capital Founder And Hedge-Fund Favorite, Loses Presidential Bid

Nov 7 2012 | 10:37am ET

In a race that proved somewhat less close than pundits expected, Bain Capital founder Mitt Romney's seven-year bid for the presidency ended in defeat last night with the re-election of President Barack Obama.

Romney, the former governor of Massachusetts, fell short by just over 2.5 million votes, or 2.2%. The president carried all of the highly-watched "swing states" save one, North Carolina, which flipped into the Republican column, along with Indiana; Obama won both states in 2008.


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