Markets

KeyBanc Capital Markets, the corporate and investment banking arm of KeyCorp announced today the appointment of Corey Whitbeck and Robert Campbell to its high yield sales team in Albany, New York, further expanding the firm’s capital markets group.

A $1.1 billion tax-exempt revenue bond deal for New Jersey's American Dream retail/entertainment complex did not price as scheduled.

The Chicago Transit Authority and Regional Transportation Authority are latest rating victims of Illinois political gridlock.

Those waiting for the bonds that will finance the long-awaited American Dream development in New Jersey will have to wait a bit longer as the big sale was delayed.

The value of business inventories fell 0.2% in April, as expected by analysts and predicted by an MNI calculation, while business sales were flat, a Commerce Department report Wednesday showed.

Municipal bond traders will see the bonds that will finance the long-awaited New Jersey megamall American Dream hit the market on Wednesday in an unrated sale that has garnered a lot of attention.

Retail sales in May came in below the month's modest expectations Wednesday, with a 0.3% decline, with nine major categories either flat or down.

The consumer price index fell 0.1% in May, and the core rate rose 0.1%, the Bureau of Labor Statistics reported Wednesday.

Top-quality municipal bonds finished mixed on Tuesday, traders said, as the state of Wisconsin came to market with a sale of general obligation bonds and investors awaited the Federal Open Market Committee's decision on interest rates.

Weak reserve levels led S&P Global Ratings to downgrade Suffolk County, N.Y.