Southwest

Former RBC Capital Markets managing director Mel Schonhorst achieved a measure of success after seven years trying to clear his name in a Texas investigation that cost him his job though he was never accused of anything.

New Mexico Senate Majority Leader Michael Sanchez said the Senate was "sucker-punched" by the House in the last hour of the 2015 session, leaving nearly $270 million of projects unfunded.

The West Texas city of Lubbock will price a $131 million general obligation bond refunding and $99.3 million of certificates of obligation for its water and sewer program.

The Kansas Legislature has approved Sen. Ty Masterson's bill replacing the state's school funding formula with a block grant system recommended by Gov. Sam Brownback.

Integris Health Group received more than $1 billion of orders for $200 million of refunding bonds issued through the Oklahoma Development Finance Authority, producing savings of 5.8%.

Issuers in Colorado and Nevada separately disclosed this week that the Internal Revenue Service is conducting routine audits of bonds they issued in 2006.

Texas Gov. Greg Abbott named Tyron Lewis chair of the Texas Transportation Commission, the state's largest issuer of debt, replacing Ted Houghton.

The U.S. Bureau of Prisons has cancelled a contract with the operator of a private detention facility in Raymondville, Texas, that was closed after an inmate revolt.

With the reactivation of ancient fault lines by seismic activity over the past five years, Oklahoma now faces the risk of a major earthquake in areas of the state where oil and gas is produced by hydraulic fracturing of tight shale formations, according to a new report by geological researchers.

Corpus Christi, Texas, will price $141 million of fixed and variable-rate bonds for its Mary Rhodes Pipeline project with the benefit of a one-notch upgrade from Standard & Poor's.