Wells Fargo & Co. won’t be able to claim $115 million in tax deductions from 2002 based on an appellate court’s ruling that its leases with public transit agencies and technology companies amount to “abusive tax shelters.”
Michigan State University, the 11th- largest college in the U.S. with more than 46,000 students, plans to place new bets in the derivatives market even as it seeks to unwind existing interest-rate swaps linked to its debt.
Seattle City Light, the municipally owned electricity supplier for some 1 million people in Washington state, sold about $791.8 million of revenue bonds as tax-exempt yields fell for the first time in a week.
President Barack Obama declared the world a “better place” one day after announcing the death of Osama bin Laden , even as the U.S. and its allies were on guard against possible retaliation by al-Qaeda sympathizers.
Washington Metropolitan Area Transit Authority Photos