The Municipal Securities Rulemaking Board has changed how it calculates "bid to cover" ratios for auction-rate securities to make the data more indicative of investor demand.
MSRB Changes Bid-to-Cover Ratios
DEC 10, 2012 10:37am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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