S&P Upgrades Birmingham-Jefferson Civic Center Authority, Ala
Byline: Shelly Sigo Standard & Poor's on Monday raised its long-term underlying rating to AA from BBB on $18.8 million of special tax bonds issued in 1992 by the Birmingham-Jefferson Civic Center...
View ArticleBank Regulators Can't Say How Long It Will Take to Finalize Basel III Rules
Byline: Lynn Hume WASHINGTON a Federal banking regulators on Wednesday were unable to say when they might finalize rules under the international Basel III accord that would require banks to increase...
View ArticleMWAA Sets Dulles Toll Rate Increases
Byline: Kyle Glazier WASHINGTON a The board of the Metropolitan Washington Airports Authority voted Wednesday to increase rates on the Dulles Toll Road in 2013 and 2014, a move it defended as necessary...
View ArticleL.A. City Council Approves Sales Tax Measure
Byline: Keeley Webster LOS ANGELES a The Los Angeles City Council on Tuesday approved placing a half-cent sales tax on the March ballot to help combat the city's financial woes. Three other taxes being...
View ArticleTomblin Wins Full Term
Byline: Shelly Sigo West Virginia voters last week kept Gov. Earl Ray Tomblin, a Democrat, in office to serve a full four-year term. Tomblin defeated Bill Maloney with 51% of the vote. Tomblin won a...
View ArticleIllinois Pension Funds Deteriorate in Fiscal 2012
Byline: Yvette Shields CHICAGO a The health of Illinoisa pension system continued its downward spiral in the last fiscal year when unfunded liabilities rose by more than $11 billion and the funded...
View ArticleMayor Landrieu Calls for Reform of New Orleans Sewer and Water Board
Byline: Jim Watts DALLAS a Reform of the New Orleans Sewerage and Water Board must be accomplished before utility rates are raised to support debt needed for system renewal projects, Mayor Mitch...
View ArticleTreasury 4-Weeks Auctioned at 0.145% High Yield
Byline: Gary Siegel The Treasury Department Wednesday auctioned $40 billion of four-week bills at a 0.145% high yield, a price of 99.988722. The coupon equivalent was 0.147%. The bid-to-cover ratio was...
View ArticleMiami-Dade Adds Vets Bond Firm to Pool
Byline: Shelly Sigo The Miami-Dade County Commission last week made an exception in procurement regulations and added Drexel Hamilton LLC to the county's qualified pool of underwriters. The firm, which...
View ArticleJasper, Texas, Downgraded to A3 by Moody's
Moody's Investors Service has downgraded to A3 from A2 the outstanding rating on the city of Jasper, Texas's general obligation limited tax debt. Concurrently, Moody's assigned an A3 underlying rating...
View ArticleParkway Utility District, Texas, Downgraded to BBB-Minus by S&P
Standard & Poor's Ratings Services said it lowered its rating to BBB-minus from BBB-plus on Parkway Utility District, Texas' existing general obligation debt. At the same time, Standard &...
View ArticleJanet Yellen: 'Optimal' to Keep Near-Zero Rate to 2016
Byline: Market News International Federal Reserve Board Vice Chair Janet Yellen suggested Tuesday the Fed may need to hold the federal funds rate near zero even longer than she and her fellow Fed...
View ArticleRetailers Foresee Christmas Cheer
Byline: Blair Speedy Nov 15, 2012 (The Australian - ABIX via COMTEX) -- Some 69 per cent of Australian retailers polled by Deloitte anticipate higher sales over Christmas 2012 than in the same period...
View ArticleJanine Allis on How To. Survive a Fad
Byline: Janine Allis Nov 15, 2012 (BRW - ABIX via COMTEX) -- Successful new companies can soon find themselves falling out of favour with consumers if they are seen as being a fad. The company growing...
View ArticleState to Avoid Court by Paying out Fire Victims
Byline: Nicholas Perpitch Nov 15, 2012 (The Australian - ABIX via COMTEX) -- Law firm Slater & Gordon may still launch a class action suit for compensation of bushfire victims in Western Australia,...
View ArticleRich and Getting Richer
Byline: Phil Ruthven Nov 15, 2012 (BRW - ABIX via COMTEX) -- The average Australian household had a gross annual income of $A139,200 in the 2012 fiscal year, according to recent figures. The richest 20...
View ArticleBudget Surplus Is Smoke and Mirrors
Byline: Chris Richardson Nov 15, 2012 (BRW - ABIX via COMTEX) -- The Australian Government is finding it harder to stick to its aim of achieving a Budget surplus for 2012-13, a goal it first announced...
View ArticleHarold Mitchell on People Power
Byline: Harold Mitchell Nov 15, 2012 (BRW - ABIX via COMTEX) -- Being located in the right sort of environment can be a big asset to a newly formed company. The creative environment to be found in...
View ArticleSame President New Challenges
Byline: Michael Bleby Nov 15, 2012 (BRW - ABIX via COMTEX) -- Barack Obama will have little time to rest on his laurels, following his successful re-election as US President. Andrew Swan from BlackRock...
View ArticleNew Fund for Devices
Byline: Jessica Gardner Nov 15, 2012 (BRW - ABIX via COMTEX) -- A new venture capital fund will focus on device developments in the defence, medical and environmental sectors. Verde Capital is the...
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