Far West

Alaska is unlikely to find another good opportunity to issue pension obligation bonds soon after the last-minute halt of a more than $2 billion sale several days ago, the state’s debt manager said.

California needs to spend $7 billion annually to make city and county streets and roads safe, according to a new report funded by local governments and transportation agencies.

Underwriters should walk away from municipal securities transactions when they discover the issuer has failed to disclose key information, dealer officials said here, citing their own experiences as examples.

California's gross domestic product has grown enough to earn it a ranking as the fifth largest economy in the world, but that distinction does not quiet critics at the Milken Institute's California Summit who say the state has an anti-business climate.

Washington voters will chose between Michael Waite, a private-sector investment manager, and Benton County Treasurer Duane Davidson, in a Republican v. Republican race for state treasurer.

A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.

Northern California’s East Bay Municipal Utility District has suspended Wells Fargo from investment, broker-dealer and underwriter business for one year, though it won’t upend existing liquidity agreements.

An alignment of Catholic Health Initiatives with Dignity Health to create one of the nation’s largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moody’s Investors Service.

Alaska Gov. Bill Walker called off a planned $2.35 billion sale of pension obligation bonds citing a lack of legislative support.

Catholic Health Initiatives and Dignity Health are in negotiations that could result in creation of the nation’s largest nonprofit hospital chain or another form of “alignment.”