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Bankruptcy attorney Mark Kaufman has joined King & Spalding as a partner in its Atlanta and Washington, D.C., offices, the firm announced. He was formerly at Dentons, where he was a partner.
May 20
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Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.
May 20 - Rhode Island
Rhode Island General Treasurer Seth Magaziner nominated Sylvia Maxfield to serve on the State Investment Commission and Dr. Laura Shawhughes to serve on the State Retirement Board.
May 20 - Illinois
The health of Chicago's municipal and laborer's funds further eroded over the last year with another $3 billion of unfunded liabilities being dumped on to the city's pension tab, according to new 2015 actuarial reports.
May 20
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It's time to cut the paperwork and expedite the planned Gateway Tunnel between New Jersey and Manhattan, argues a critic of the permitting process.
May 20
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Existing home sales grew 1.7% to a seasonally adjusted 5.45 million-unit rate in April from a revised 5.7% gain to a 5.36 million sales pace, first reported as a 5.1% increase to a 5.33 million pace the previous month, the National Association of Realtors announced Friday.
May 20 -
The municipal bond market was winding down the busiest week of the year as traders waited to see the size and shape of new week's calendar.
May 20
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May. 20, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.68 1.21 1.96 2.77 California Aa3/AA+/A+ 0.6 1.05 1.77 2.52 Hawaii Aa2/AA/AA 0.59 1.05 1.74 2.6 Idaho Aa1/AA+/AA+ 0.56 1.05 1.78 2.64 Montana Aa1/AA/AA+ 0.56 1.06 1.79 2.66 Nevada Aa2/AA/AA+ 0.6 1.09 1.8 2.68 Oregon Aa1/AA+/AA+ 0.58 1.01 1.66 2.5 Washington Aa1/AA+/AA+ 0.6 1.07 1.8 2.67 Wyoming NR/AAA/NR 0.56 1.03 1.7 2.55
May 20 -
5/19/2016 5/12/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 19 612,935 14 1,051,700 -438,765 Hawaii 0 0 0 0 0 Idaho 0 0 2 9,855 -9,855 Montana 0 0 0 0 0 Nevada 3 315,940 4 330,925 -14,985 Oregon 1 48,125 6 353,930 -305,805 Washington 9 1,351,810 5 1,180,640 171,170 Wyoming 0 0 0 0 0
May 20 -
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The mayor of Harvey, Ill. has agreed to pay $10,000 and to never participate in a municipal bond offering again in order to settle charges with the Securities and Exchange Commission that he helped the city mislead bond investors by diverting proceeds from projects for which they were intended.
May 19
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In the week ended May 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 3.88% from 3.90% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
May 19 - Puerto Rico
The federal government announced plans today to help build and rehabilitate 752 housing units in Puerto Rico.
May 19
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Top-quality municipal bonds finished steady to stronger on Thursday, according to traders, as several new deals were priced in the primary. Meanwhile, a report shows that municipal debt of big oil-producing states is suffering from crude oil price volatility.
May 19
