California

Academy Securities, a registered broker-dealer and certified disabled veteran business enterprise, has announced a merger agreement with broker-dealer Carolina Capital Markets.

Moody's Investors Service said a new law that increases the contribution rates to the California State Teachers' Retirement System fund is a credit positive for the system.

A hearing officer is recommending throwing out new pension rules enacted last summer by the city of Los Angeles, but a city official says it is still early in the process.

Moody's Investors Service placed a negative outlook on Sutter Health’s revenue bonds, based on the system's poor operating performance and significant capital needs.

Moody's Investors Service has upgraded the rating to Aa3 from A1 on the Southern California Public Power Authority's Milford Wind Project Revenue Bonds and gave the bonds a stable outlook.

California Gov. Jerry Brown appointed Tia Boatman-Patterson, a Democrat, to be executive director of the California Housing Finance Authority.

Raymond James is continuing its expansion on the West Coast with the recent addition of an education banker to its public finance group in San Francisco.

The 114-mile segment of California's high speed rail project from Fresno to Bakersfield received the record of decision from U.S. Department of Transportation's Federal Railroad Administration enabling it to break ground on that segment.

A proposal for a state school bond is moving forward in the California Legislature, though the total amount of the bond has not yet been agreed upon.

A recently approved policy change that extends the accreditation review period is a credit positive for the San Francisco Community College District, according to Moody’s Investors Service.

KNN Public Finance hired public finance veteran Mark Young to lead the firm's new office in Los Angeles and hired Erwin Tam as a vice president in the financial advisory firm's Oakland office.

California school districts could see their credit quality weaken if a bill that would cap the amount of funds they can keep in reserves gets approved in November.

Despite widespread agreement that Los Angeles County's main jail is obsolete, there is far less consensus about what to do about it, though any answer is likely to be expensive.

Moody's Investors Service on Wednesday upgraded California to Aa3 from A1, based on its improved fiscal position.

Barbara Liebert, executive director at the California Health Facilities Financing Authority, is leaving her post to join State Controller John Chiang's office.

San Bernardino, Calif., leaders failed to pass a budget at Monday night's council meeting, postponing a vote to June 30 – the last day of the fiscal year.

California Gov. Jerry Brown on Friday signed a controversial budget trailer bill that would cap the amount of funds that school districts can keep in reserves.

Fitch Ratings has affirmed El Rancho Unified School District, Calif.'s general obligation bond rating at A and has removed a negative watch impacting $13.8 million in bonds.

Seleta Reynolds of the San Francisco Department of Transportation was nominated Friday by Los Angeles Mayor Eric Garcetti to be the next general manager of the Los Angeles Department of Transportation.

San Bernardino's firefighters union has replaced the California Public Employees' Retirement system as the most adversarial creditor in the city's Chapter 9 bankruptcy.