California

ALAMEDA, Calif. — Every firm in California’s bond underwriting pool will be required to file quarterly reports on its municipal credit default swap activities, Treasurer Bill Lockyer announced Friday, while also urging the imposition of federal and international rules to limit “naked trading” of municipal CDS.

ALAMEDA, Calif. — Voters in California’s statewide primary election on Tuesday will consider more than $1.8 billion of local general obligation bond measures — a relatively small amount by recent standards — with most of the political heat being generated by the race for governor.

ALAMEDA, Calif. — A California Senate committee has approved a watered-down version of a bill designed to make it harder for cities or other local agencies to file for Chapter 9 municipal bankruptcy.

LOS ANGELES — The first public-private partnership project under a program championed by California Gov. Arnold Schwarzenegger recently cleared a major procedural hurdle, though questions remain over whether the Presidio Parkway project is the right way to use P3s.

ALAMEDA, Calif. — The ranks of California issuers filing civil suits in connection with an alleged bid-rigging conspiracy for guaranteed investment contracts continues to grow.

ALAMEDA, Calif. — The San Francisco Public Utilities Commission this week will bring its wastewater credit to the market for the first time in seven years.

ALAMEDA, Calif. — Gov. Arnold Schwarzenegger has correctly identified the scope of California’s $17.9 billion budget deficit, according to the state’s independent Legislative Analyst’s Office, which disagreed with some of his proposed solutions in a report released Tuesday.

ALAMEDA, Calif. — California’s Bay Area Toll Authority will hit the market next month with a hefty Build America Bond deal.

A group of 11 California issuers are charging that an affiliate of Goldman Sachs & Co., J Aron & Co., is pressuring a member of the group to remove Goldman as a defendant in its civil suit charging that 36 Wall Street and other firms participated in a vast bid-rigging conspiracy for municipal swaps and investment agreements.

ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger delivered his May budget proposal Friday afternoon, addressing a $17.9 billion deficit by proposing wholesale elimination of key social welfare programs, with no tax increases.

ALAMEDA, Calif. — What’s that sound you hear? Probably California’s budget problems hitting the fan again.

ALAMEDA, Calif. — A California appeals court has denied a bid by redevelopment advocates for a temporary stay to block implementation of a recent court ruling that allows the state to shift more than $2 billion from local redevelopment agencies to help balance the state budget.

ALAMEDA, Calif. — Seeing an environment favorable to smaller firms, San Francisco-based Nollenberger Capital Partners Inc. last week announced the hiring of two California municipal market veterans in what the firm described as a “re-launch” of its public finance unit.

ALAMEDA, Calif. — California’s plans for a bond-financed high-speed passenger train system are in critics’ crosshairs following the release last week of a critical report by the state ­auditor.

ALAMEDA, Calif. — California Treasurer Bill Lockyer has sent another round of questions to six large investment banks about their involvement in credit default swaps linked to California bonds.

ALAMEDA, Calif. — A Superior Court judge in California Tuesday upheld the state government’s shift of $2.05 billion away from local redevelopment agencies to help balance the budget.

ALAMEDA, Calif. — The tight supply situation in the primary tax-exempt bond market will get a $2 billion boost from one issuer next week when the California Department of Water Resources prices power supply revenue bonds.

WASHINGTON — A federal judge in Manhattan has ruled that a group of 11 California localities, including Los Angeles, may go forward with their civil cases against Goldman, Sachs & Co., Citigroup, and several other high-profile firms because they may have participated in an alleged conspiracy to rig bids for municipal investment contracts and derivatives.

California’s general obligation bonds have caught fire since Moody’s Investors Service and Fitch Ratings slapped higher ratings on the state’s credit earlier this month.

SAN FRANCISCO — The Los Angeles County Metropolitan Transportation Authority unanimously voted to endorse Los Angeles Mayor Antonio Villaraigosa’s proposal to accelerate the region’s mass-transit capital plan.