Midwest

CHICAGO — Cleveland Hopkins International Airport will enter the market Wednesday with $241 million of airport system refunding bonds.

Milwaukee County Supervisor Johnny L. Thomas Jr. has suspended his campaign for Milwaukee city comptroller after criminal charges were filed against him for accepting a bribe during a sting operation in exchange for advancing a financial advisory contract.

CHICAGO — A Michigan film studio has defaulted on its Feb. 1 payment on $18 million of privately placed tax-exempt bonds, forcing the state pension plans, which back the debt, to make the payment.

CHICAGO — Mayor Dave Bing last week said Detroit has reached a tentative agreement with about half of its unions, which could help stave off the appointment of an emergency manager.

Michigan lawmakers have unveiled a series of bills that would revamp the state's transportation infrastructure formula, raise $1 billion of new money, and create a new bond-issuing regional transit authority for the Detroit region.

Grigsby & Associates Inc. owner Calvin Grigsby said he will vigorously fight accusations leveled by the Illinois secretary of state that he failed to properly supervise a former banker in the firm's Chicago office who advised the Illinois Student Assistance Commission to invest in a bank that later failed.

Illinois Gov. Pat Quinn called for legislative action this year on pension and Medicaid reforms to stabilize the state's fiscal house but offered few details on how to accomplish that goal in his state of the state address.

The Nebraska Public Power District will price $234 million of new-money and refunding general revenue bonds to capture interest rate savings and finance capital projects at its nuclear plant.

Nebraska Gov. Dave Heineman made a rare appearance before legislators last week, pushing for a $327 million tax-cut plan that would reduce individual and corporate income taxes and eliminate the inheritance tax.

Michigan Gov. Rick Snyder appointed Jack Martin, a former chief financial officer for the U.S. Department of Education, to be emergency manager of the Highland Park School District.