Spending on construction projects fell 1.2% to a seasonally adjusted annual rate of $1.073 trillion in October as private construction decreased 2.0% and public construction rose 0.7%, according to Commerce Department figures released yesterday.
The overall decrease, which was larger than the 0.9% decrease projected by Thomson Reuters, followed a revised September level of $1.086 trillion, flat from the prior month, originally reported as a 0.3% decline to $1.060 trillion.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
