California’s borrowing costs have fallen to the lowest level in three months, with Governor Jerry Brown calling a special legislative session to alter plans for a budget reserve just as the most indebted U.S. state offers $750 million of bonds.
Detroit’s “divide-and-conquer” campaign to build support for its plan to shrink $18 billion in debt with a recent series of creditor accords may put pressure on holdouts to settle before a bankruptcy judge decides to push it through, lawyers following the case said.
Nissan Motor Co., after best-ever U.S. sales of Leaf hatchbacks in 2013, plans to offer two years of free public charging for the battery-powered car in its strongest U.S. markets to entice more drivers to buy one.
California’s credit rating, ranked second-lowest in the U.S. by Standard & Poor’s, is poised to benefit if Governor Jerry Brown is able to persuade a special legislative session to alter plans for a budget reserve.
Google Inc. Chief Legal Officer David Drummond is among the six people chosen by Sacramento Mayor Kevin Johnson to serve on the committee that will help pick the next executive director of the National Basketball Association players’ union.