Markets

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

Employers announced plans to cut 75,644 jobs in October, according to a report released Thursday from Challenger, Gray & Christmas.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

Three areas are new additions to the work plan of the Tax Exempt and Government Entities Business Operating Division, IRS officials said.

The $33.4 billion of issuance — the second-biggest monthly total of the year — did little to raise hopes for a fourth-quarter resurgence.

The Chicago Business Barometer declined to 58.4 in October from 60.4 in September.

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

Compensation costs for civilian workers increased 0.8%, seasonally adjusted, for the three-month period ending in September.

Private-sector employment was estimated to have risen 227,000 in October, ADP reported.