News and Information from Bond Buyer

The university and its foundation are on review because of allegations into recruiting violations.

The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board.

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

The Securities and Exchange Commission will issue a new series of educational materials.

The proposed combination is the latest in a continuing wave of nonprofit healthcare consolidation in Illinois and nationally.

Puerto Rico bonds plunged on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

The governor said he would borrow against $1.25 billion in profits from the state liquor system.

The breach occurred in 2016, but was not publicly addressed by the SEC until Sept. 20.

The city wants to quickly pick an advisory team and update the timeline on its Lambert Airport privitazation plan.

A lower court rejected many residents' arguments, including one about how bond proceeds will be used to buy amenities from the developer.

Puerto Rico bonds took a big hit on Wednesday after President Donald Trump suggested the commonwealth’s debt needed to be “wiped out” to help the island recover from the devastation caused by Hurricane Maria.

About 4,482,300 online job postings appeared on leading internet job boards in September, the Conference Board reported Wednesday.

The U.S. services sector expanded in September as the non-manufacturing business activity composite index was 59.8 in the month, compared to 55.3 in August, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

Puerto Rico bonds took a hit on Wednesday after President Donald Trump suggested the commonwealth’s debt would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Private-sector employment increased by 135,000 in September, on a seasonally adjusted basis, ADP estimated Wednesday.

Port Aransas, Texas, was placed on watch list for a possible downgrade after sustaining damage from Hurricane Harvey.

Puerto Rico’s general obligation bonds maturing in 2035 have lost a fifth of their value in secondary trading on concern over the economic impact of the storm.

Oyster Bay Town Supervisor Joseph Saladino proposes slashing outstanding debt by $50 million in his first budget proposal since taking over the junk-rated Long Island municipality eight months ago.

The Oklahoma Department of Transportation is scaling back on highway and bridge projects.

Bonds financing a portion of the Cavaliers Arena transformation will be sold this week.