A mistrial was declared after a jury failed to reach a unanimous verdict on charges that former Massachusetts Treasurer Timothy Cahill misused state lottery advertising funds in his failed campaign for governor.
The Ohio Water Development Authority , whose AAA credit rating is a level higher than the state’s, plans to sell $423 million in Build America Bonds tomorrow in the agency’s largest offering of the taxable debt.
Neil Morrison , a Goldman Sachs Group Inc. banker fired in December, began advising former Massachusetts Treasurer Tim Cahill ’s gubernatorial campaign in 2009 even as he was seeking to underwrite state bonds, according to e-mails obtained through a public records request.
British Airways Plc and other carriers accused of fixing cargo prices could face U.S.-style class-action suits in the U.K. for the first time if a court eases rules on customers joining together to sue, lawyers say.
Oaktree Capital Group LLC, the world’s largest distressed-debt investor, relied on Simpson Thacher & Bartlett LLP for its initial public offering that debuted yesterday. The lead underwriters, Goldman Sachs Group Inc. and Morgan Stanley, turned to Sullivan & Cromwell LLP for advice.
U.S. high-school girls typically send and receive 100 text messages a day, according to a study, which found that cheaper mobile-phone plans have boosted the technology’s popularity among young people.