Midwest

Creditors opposed to Detroit's bankruptcy petition face a midnight deadline today to file their objections to the plan, while firms fighting the city's one and only settlement gear up for a Wednesday hearing.

Columbus Ohio will offer buyers high-grade paper beginning Monday when it takes retail orders on a $320 million sale of general obligation notes and bonds to cover its annual spending on capital projects.

The judge overseeing American Airlines' bankruptcy put confirmation of the carrier's restructuring plan on hold after the federal government moved to block its merger with US Airways Group.

A federal grand jury indicted former Ohio deputy treasurer Amer Ahmad, recently Chicago comptroller, on corruption charges of orchestrating a kickback scheme involving Ohio investment business.

The Louisville region is well on track toward reaching post-recession highs in employment, says the Louisville, Ky., office of the St. Louis Federal Reserve Bank.

Detroit's Chapter 9 filing may be "a game changer" that resolves controversial issues that have not been dealt with in prior cases, according to paper on muni defaults from the Bond Dealers of America.

The tax-exempt market ended weaker Thursday, following Treasuries, as two major deals priced in the primary market, including $5.5 billion of California notes and Chicago Parks District.

In a blow to state pension reforms, a Michigan appellate panel struck down provisions in a 2011 law requiring a minimum contribution from state employees to remain in the state's defined benefit plan.

Two small revenue deals from Michigan — a state transportation refunding and a school district financing — found buyers this week at acceptable rates, breaking a logjam on issuance from the state following Detroit's bankruptcy filing.

The Chicago Park District enters the market as soon as Thursday with $162 million of general obligation bonds after being stung with double-notch downgrades from two rating agencies over its deteriorating pension fund and city relationship.