Midwest

Jury selection began Tuesday in a federal class action lawsuit accusing the former Morgan Keegan & Co. Inc. of securities fraud for its role in underwriting $39 million of defaulted bonds for a failed artificial sweetener plant in Moberly, Mo.

The University of Notre Dame is selling $400 million of Aaa-rated taxable bonds this week to refund hedged variable-rate bonds and raise money for the largest building project in the university's history, centered on its iconic football stadium.

A coalition opposed to public funding for stadiums is warning that the proposed St. Louis Rams stadium funding scheme would require a public vote.

Outgoing Illinois Gov. Pat Quinn signed a legislative package that includes a measure setting a special election in 2016 to fill the latter half of the late Judy Baar Topinka's new term as comptroller.

The Securities and Exchange Commission is urging a federal court to accept the settlements it had reached with two former officials of the city of Allen Park, Mich., in November, after the court vacated them a day later and asked for more information.

Bruce Rauner took over the Illinois governor's office Monday, vowing to fix the state's bleak finances through shared sacrifice, bolster its competitive edge for business, improve education, and to end "business as usual."

Missouri officials made their pitch Friday to keep the St. Louis Rams in town, unveiling plans for an open-air, nearly $1 billion National Football League stadium partially financed with borrowing.

Hoosier Gov. Mike Pence proposed a $31 billion, two-year spending plan that includes $700 million in capital projects that would be funded entirely with cash.

Illinois lawmakers set a 2016 special election to fill the final two years of the late Judy Baar Topinka's upcoming term as comptroller, in a move attacked by Republicans as a political jab at incoming Gov.-elect Bruce Rauner.

Standard & Poor's has revised Illinois-based Carle Foundation's outlook to positive in recognition of its strong financial performance and improved balance sheet.