LEGAL

A jury in Washington cleared Kent Wakeford, a former executive director at AOL's business affairs unit, and Michael Kennedy, who was chief technology officer at defunct Las Vegas software company PurchasePro, of civil fraud charges brought by federal regulators who accused them of concocting sham financial transactions in 2001.

Christopher Benyo, who was PurchasePro's senior vice president for marketing, was found liable of aiding and abetting PurchasePro, but was cleared on three other counts.

GOVERNANCE

Three nominees backed by a dissident investor group that has been pushing for changes at Media General have won seats on the nine- member board of the media company. The newspaper ...