Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut.
Subsidiaries of Truvo Luxemburg Sarl, a Belgium-based international publisher of directories, missed a June 1 interest payment on two issues of second-priority notes and filed a Chapter 11 petition early this morning in New York. Truvo has agreement for the holders of 778 million euros ($964 million) of first-priority senior debt to receive the new equity plus 600 million euros in new debt.
“I don’t eat at Wendy’s,” Robert Lenna, the Maine Municipal Bond Bank’s executive director, said when asked why he and three other officials had dinners costing almost $4,000 with Wall Street bankers selling the state’s debt.
Connecticut Attorney General Richard Blumenthal will stay in the race for U.S. Senate, a Democratic Party spokeswoman said, amid a controversy over a New York Times report that he misrepresented his military service record during the Vietnam War.
When Republican Linda McMahon ran for U.S. Senate in 2010, her Connecticut opponents gleefully highlighted images from 2001 showing the former head of World Wrestling Entertainment Inc. in the ring, kicking her husband, Vince, in the groin.
College administrators, students and safety advocates in the U.S. say they are hoping the death of a University of Virginia lacrosse player will lead to the adoption of new methods for tracking violent students.
Bank of America Corp. , the largest U.S. lender by assets, agreed to pay $410 million to settle lawsuits alleging deceptive practices in the management of customer accounts that led to excessive fees for overdrafts.