Detroit’s bankruptcy filing is bringing added scrutiny to the finances of Chicago, as the Illinois city’s struggle to contain its murder rate and swelling pension costs leave it with the lowest credit grade in 26 years.
Rawleigh Warner, the Mobil Oil Corp. chairman and chief executive officer who took corporate image- management to a new level through company sponsorship of “Masterpiece Theater” on public television and paid opinion pieces that appeared in U.S. newspapers, has died. He was 92.
The Los Angeles Times won Pulitzer Prizes for exposing corruption in a California city and for feature photography, sharing the lead in the annual journalism competition with the New York Times at two awards each.
Illinois Representative Jesse Jackson Jr. ended a career of almost 17 years in the U.S. Congress by resigning his House seat as he battles depression and confronts a federal investigation into his conduct.
Conrad Black, the former Hollinger International Inc. chairman convicted in 2007 on fraud and obstruction charges, lost a bid to void that verdict on grounds he was blocked from hiring the defense lawyers he wanted.