Former Virginia Governor Robert McDonnell, once a rising star in the Republican Party, was accused by U.S. prosecutors of using his office to enrich himself and his family in exchange for helping an in-state company’s chief executive promote his dietary supplement.
Signet Jewelers Ltd., operator of the Kay and Jared brands, agreed to buy Zale Corp. in a deal valued at about $1.4 billion, including debt, letting the company extend its lead as the largest jewelry chain in the U.S.
President Barack Obama took his campaign to Republican lawmaker Eric Cantor’s home turf, the second day in a row he sought support in Virginia, a once solidly Republican state that he won four years ago.
Former Virginia Governor Robert McDonnell, once a rising star in the national Republican Party, pleaded not guilty to federal charges he used his office to help a businessman in exchange for more than $165,000 in loans and gifts.
The first annual losses in U.S. government-backed mortgage bonds since 1994 are deepening as the dual threats of a new regulator and a Federal Reserve pullback leave buyers navigating around what JPMorgan Chase & Co. calls a modern-day Scylla and Charybdis.