When voters approved a sales-tax increase to pay $540 million toward stadiums for Cincinnati’s professional baseball and football teams almost two decades ago, city leaders promised lower property levies and a business district along the Ohio River.
Vincent Viola, whose high-frequency trading firm plans to raise millions of dollars in an initial public offering next month, is seeking tax dollars to help cover the bills for the Florida Panthers hockey team he bought six months ago.
Motorola Mobility, which Google Inc. is selling to Lenovo Group Ltd., faces European Union curbs on its legal efforts to thwart Apple Inc. as antitrust regulators seek to boost competition for smartphones and tablets.
Glendale, Arizona, which has borrowed more than $355 million for professional sports venues, has seen the yield penalty on its bonds jump after approving an additional $225 million outlay to keep the National Hockey League’s Phoenix Coyotes in town.
The lawyers who previously attempted without success to stop the Chrysler LLC sale process have new clients and are again seeking to block the government-backed rescue that pays some unsecured creditors more than secured noteholders.
The Los Angeles Dodgers warned the monitor appointed by Major League Baseball to oversee the team not to interfere with its operations, saying in a letter he would be violating a bankruptcy court order, a person familiar with the document said.