QIC to Embrace New Products
Byline: Matthew Cranston Nov 14, 2012 (The Australian Financial Review - ABIX via COMTEX) -- QIC's new head of Global Real Estate, Steve Leigh, has rejoined the company after stints at property group...
View ArticleTighter Rein Urged on LNG Spending
Byline: Perry Williams and Angela Macdonald-Smith Nov 14, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Rising costs on Australian resources projects are partly due to poor management....
View ArticleNSW Launches $3Bn Power Sale into Weak Tide
Byline: Angela Macdonald-Smith Nov 14, 2012 (The Australian Financial Review - ABIX via COMTEX) -- The New South Wales Government will proceed with the $A3 billion sale of its power stations. The...
View ArticleRinehart's Roy Hill in $7Bn Debt War
Byline: Jamie Freed Nov 14, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Hancock Prospecting executive director Tad Watroba notes that rivals Rio Tinto and BHP Billiton doubt whether...
View ArticleCredit Changes Not Likely for Issuers Hurt by Sandy
Byline: Jennifer DePaul WASHINGTON a The credit quality for most municipal issuers who were affected by Hurricane Sandy is likely to remain unchanged, despite late debt service payments by four of...
View ArticleLIPA COO Resigns Amidst Sandy Criticism
Byline: Tonya Chin The chief operating officer of the Long Island Power Authority submitted a letter of resignation Tuesday evening amid criticism of the utilityas response to Hurricane Sandy. After 12...
View ArticlePennsylvania Housing Agency Plans $230M Bond Sale
Byline: Paul Burton Retail pricing began Wednesday for the Pennsylvania Housing Finance Agencyas $230 million sale of single family mortgage revenue bonds. The institutional pricing will be Thursday....
View ArticleTreasury Year Bills Go at 0.180% High Rate
Byline: Gary Siegel The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.180% high yield, a price of 99.818000. The coupon equivalent was 0.183%. The bid-to-cover ratio was...
View ArticleAssured Joins JeffCo Sewer Motion
Byline: Shelly Sigo Assured Guaranty Municipal Corp. on Monday joined Bank of New York Mellon in filing a motion seeking relief in Jefferson County, Ala.'s bankruptcy case after the county proposed...
View ArticleRoad Tax Perishes in Ascension Parish
Byline: Jim Watts Opposition was deep and wide at last week's election to Ascension Parish's proposal for a 25-year, 0.5% increase in the local sales tax for road projects in unincorporated portions of...
View ArticleMortgage Applications Jump 12.6% in Week
Mortgage applications soared 12.6% in the week ended Nov. 9, as refinances grew 13% and purchases rose 11%, according to data from the Mortgage Bankers Association's weekly mortgage applications...
View ArticleMarket Post: Munis Rally on Large Issuance
Byline: Taylor Riggs The tax-exempt market saw a huge rally Wednesday afternoon and buyers ate up new deals. Traders said the large amount of new issues that priced did not faze the market and were...
View ArticleSEC Doubles Muni Enforcement Actions in Fiscal 2012 from Previous Year
Byline: Lynn Hume WASHINGTON a The Securities and Exchange Commission filed 17 municipal securities-related enforcement actions during the fiscal year that ended Sept. 30, more than twice the number...
View ArticleFOMC Minutes: After Twist, a New Purchase Program
Byline: Kyle Glazier WASHINGTON a With the economic situation continuing to generate mixed news, the Federal Open Market Committee agreed to hold the highly accommodative course steady for the...
View ArticleMcCrory Leads GOP Triumphs in North Carolina
Byline: Shelly Sigo North Carolina Gov.-elect Pat McCrory is calling for a 25-year transportation and infrastructure plan "to send a clear signal to the business community of the state's future...
View ArticleMarket Post: Munis Steady as Biggest Deals Flood Market
Byline: Taylor Riggs Trading in the tax-exempt market was steady Wednesday morning as many of the week's largest deals hit the primary. Traders said they were focused on the primary as the largest...
View ArticleMarket Close: Munis Again Set Record Low Yields on Demand, Fiscal Cliff Woes
Byline: Taylor Riggs The tax-exempt market continues to rally with new record low yields being set almost every day in the last week of trading. Municipal bond traders noted demand has outpaced supply...
View ArticleMendocino Coast Health Care Bonds Lowered to C by S&P
Standard & Poor's Ratings Services said it lowered its underlying rating to C from CC on the Mendocino Coast Health Care District, Calif.'s general obligation bonds. The outlook remains stable....
View ArticleFitch Upgrades Missouri Joint Muni Util's Prairie State Revs to A
Fitch Ratings said it has upgraded the following Missouri Joint Municipal Electric Utility Commission power project revenue bonds (Prairie State Project) to A from A-minus with par amounts as of Dec....
View ArticleSeptember Business Inventories Gain 0.7%; Sales Jump 1.4%
Byline: Market News International WASHINGTON a The value of business inventories rose 0.7% to another record high level in September, while retail inventories rose 0.3% to add to the inventory gains at...
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