Lewistown Hospital, Pa., Outlook to Negative by S&P
Standard & Poor's Ratings Services said it revised the outlook on its BBB-minus rating on Mifflin County Hospital Authority, Pa.'s series 2000 and 2007 revenue bonds, issued for Lewistown Hospital,...
View ArticleLeading Economic Indicators Grow 0.2% in October
Byline: Gary Siegel The composite index of Leading Economic Indicators rose 0.2% in October following a revised 0.5% gain in September, originally reported as a 0.6% increase, the Conference Board...
View ArticleHeavy Weekly Inflows Revive Muni Money Funds
Byline: Christine Albano Tax-exempt money market funds were boosted by $3.68 billion of inflows a one of the single highest weekly increases of the year a as assets swelled to $271.78 billion in the...
View ArticleMoody's Cites Sandy, Puts NYU Hospitals Center under Review
Byline: Paul Burton Moodyas Investors Service has placed New York University Hospitals Centeras A3 bond rating under review for possible downgrade, after damage from Hurricane Sandy forced the...
View ArticleDetroit CFO: City Won't Run out Cash despite Loss of $30M in Bond Proceeds
Byline: Caitlin Devitt CHICAGO a aBankruptcy is not an optiona and Detroit is not going to run out money or miss a debt payment by the end of the year, the cityas chief financial officer said...
View ArticleStudy: Charter School Finances Exceed Expectations
Byline: Keeley Webster LOS ANGELES a An in-depth study on the credit quality of charter school bonds reported stronger-than-expected financial performance, especially among rated borrowers, and...
View ArticleWestchester: No Tax Hike
Byline: Tonya Chin Westchester County Executive Robert Astorino released a proposed $1.7 billion budget for 2013 that does not raise taxes, marking the third consecutive year that the budget has...
View ArticleTreasury Indexed 10-Year TIPs Go at -0.720% High Yield
Byline: Gary Siegel The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a negative 0.720% yield, an adjusted price of 109.101900, with a 1/8% coupon. The bid-to-cover...
View ArticleVeritas Shows Indian Brokerages the Way ; the Cosy Arrangement of...
Every night when Saurabh Mukherjea, head of institutional equities at broking firm Ambit Capital, leaves his office in central Mumbai for home, he remembers a chilling phone call he got two years ago....
View ArticleOn Record: IIP Contracts 0.4% in Sept ; Who Said What When IIP Contracted 0.4...
Who said what when IIP contracted 0.4 per cent in September - "RBI will relook at its monetary policy in the light of latest index of industrial production figures and reduce interest rates" R.V....
View Article'Veritas Is Not Influenced by Its Clients' ; Neeraj Monga, Executive Vice...
Neeraj Monga, Executive Vice President, Veritas Investment, talks about the 'sensational' language of Veritas reports and other issues, in a phone interview with Business Today. Edited excerpts: Q....
View ArticleIndia's Best Banks 2012: The Ranking Process ; the Data Used for the Rankings...
The data used for the rankings was based on published annual reports of banks and the Reserve Bank of India's Profile of Banks, 2011/2012. The period covered is 2008/09 to 2011/12 . The ranking looks...
View ArticleBest Banks 2012: YES Bank Seeks to Cast a Wider Net ; in the Business...
You do not need much convincing when you sit across the table with Rana Kapoor, 55, Founder, CEO and Managing Director of India's youngest private-sector lender, YES Bank. You are readily swayed by his...
View ArticleBT-KPMG List India's Best Banks 2012 ; the Indian Banking Sector Is Coping...
Four years after the global financial crisis began, India's $1,508 billion (Rs 82.6 trillion; a trillion is 100,000 crore) banking sector still grapples daily with heightened risk. Banks and borrowers,...
View ArticleCorporates, Banks Taking Undue Advantage of CDR Mechanism ; Some Corporate...
For the last two years, ferro alloys maker Balasore Alloys Ltd, an Ispat Group company, has been trying to get out of the corporate debt restructuring (CDR) package it agreed to in 2009. It maintains...
View ArticleSpirited Move ; Vijay Mallya Gains from the Deal with Diageo, but Lenders to...
The first clarification from UB Group Chairman Vijay Mallya, after he announced the sale of a controlling stake in United Spirits Ltd (USL) to Diageo Plc, was that the funds from the deal need not flow...
View ArticleBest Banks 2012: Bank of Baroda Tops Again ; the 104-Year-Old Public Sector...
Mangalore Devdas Mallya, 60, Chairman and Managing Director of Bank of Baroda (BOB), has just returned to Mumbai. He had been away at his son's wedding in his Karnataka hometown for a week. "When I was...
View ArticleCompete or Perish ; Companies Are Increasingly Setting Up Competition...
Students graduating from business schools know the summer vacation that follows is anything but a holiday. It is placement season, when they must gear up to meet prospective employers. And companies...
View ArticleNew Generation Banks Have Catalysed Growth ; the New Generation Private Banks...
When the new generation private sector banks started operations in 1993, they had to compete against established players, some of whom had been in business for over a century. The market was dominated...
View ArticleBranch Banking Unlikely to Go out of Fashion in India ; Electronic...
Tap, click and swipe - these are the new sounds of money. Modern technology is fast replacing paper with computer files, bank tellers with automated teller machines (ATMs) and file cabinets with server...
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