Far West

Tobacco bonds may be on their way to the biggest volume since 2007, led by Wednesday's $1.7 billion sale from California, as issuers refinance amid a decline in smoking that's cut deeply into revenue.

Brian White, chief executive of the $10.4 billion San Diego County Employees Retirement Association, has resigned effective March 30.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Fitch Ratings upgraded San Francisco Community College District, Calif.’s general obligation bonds to A from BBB-plus.

A state authority in Wyoming is considering financing port projects in Oregon or Washington to strengthen Wyoming’s coal industry.

A coalition comprised of businesses, labor union, community groups and non-profits took a significant step forward on plans to build a desalinization plant in Huntington Beach, Calif.,

A House bill would stop federal funding for public transit and bike paths to protect solvency of the Highway Trust Fund.

California lawmakers proposed legislation to accelerate more than $1 billion in bond spending for drought relief as the state enters its fourth year of drought.

Bel Air Investment Advisors LLC opens, a Los Angeles-area firm that manages $7 billion in assets including many munis, opened a San Francisco office as part of a larger expansion plan.