Finance

Gov. Bruce Rauner says he will act to authorize $6 billion of borrowing to knock out overdue bills.

Top-rated municipal bonds finished stronger on Thursday, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $583 million sale.

Fitch Ratings said the increased costs to complete reactors at Plant Vogtle drove the downgrades.

It will be the organization's first annual conference outside of Chicago.

Top-rated municipal bonds were stronger at mid-session, traders said, as the week’s largest deal came to market — the New Jersey Economic Development Authority’s $554 million sale.

The MSRB is now providing market-wide data on the most active securities and issuers.

Municipal bond traders are set to see the week’s largest deal come to market on Thursday — the New Jersey Economic Development Authority’s $595 million offering.

A U.S. district court on Tuesday rejected that bond insurer Ambac Financial was liable for allegedly overly optimistic and misleading statements it had made about its insured Puerto Rico bonds.

Assured Guaranty Municipal Corp., a subsidiary of Assured Guaranty Ltd., and Wasmer, Schroeder & Company announced the closing of AGM's acquisition of a minority interest in WSC on Wednesday.

Top-quality municipal bonds ended mixed on Wednesday as the big Honolulu and Pennsylvania sales hit the screens.

They say a report shows state could shave billions off interest costs if it borrows to pay down the state's unpaid bill backlog.

S&P Global Ratings cited improved employment and demographic indicators, and projected growth in reserve levels.

Top-quality municipal bonds were stronger at midday as buyers look ahead to the big Honolulu sale set to hit the screens on Wednesday.

UBS Wealth Management Americas started to fill openings in its newly revived public finance business, with 19 employees joining the firm.

Moody's Investors Service says firmed-up state and city funding has stabilized the district's finances, for now.

The municipal bond market on Wednesday is set for the start of the week’s new deal slate, which will see a large sale from a Hawaiian issuer hit the screens.

Mayor Rahm Emanuel will introduce an ordinance Wednesday to pave the way for the new bonds.

Zucker previously oversaw debt issuance at the New York State Homes and Community Renewal’s Office of Finance and Development.

Investor-owned utilities are recovering quickly from the storm, the rating agency said.

Top-rated municipal bonds finished stronger on Tuesday, according to traders who returned to their desks to get ready for a lighter-than-average holiday week calendar.