News and Information from Bond Buyer

The Treasury Department said it will raise $6.2 billion in new cash in its quarterly refunding.

Private-sector employment increased by 230,000 in October, on a seasonally adjusted basis, ADP reported Wednesday.

Three days before a judge rules on Detroit's bankruptcy exit strategy, the city posted a proposed order that defends the plan as conforming to all key federal benchmarks, highlighting its legal justification for favoring pensioners over bondholders.

Standard & Poor's upgraded the New York State Power Authority's senior debt to AA from AA-minus on Nov. 3.

Daily Economic indicators box Indicator Last Report Forecast Actual International Trade Aug.: -$40.0B Sept.: -$40.0B Sept.: -$43.0B Factory Orders Aug.: -10.0% Sept.: -0.6% Sept.: -0.6%

Wednesday, November 5 Issuer St Description Amount

Wednesday, November 5 Issuer St Description Amount

Wednesday, November 5 Issuer St Description Amount

Week Of November 3 Issuer St Description Amount

ILLINOIS

Government

Springfield, Ill.-based Hospital Sisters Services Inc. will refund $180 million of bonds Wednesday shedding some of its floating rate exposure.

Investors found the $100 million Cerritos Community College bonds one of the more attractive deals of the day, saying community colleges in general are strong credits because their attendance has held up amid an decline for higher education institutions in general.

Lower income households benefit more from tax-exempt debt than shown by traditional analyses, researchers at the Urban Institute found.

The Securities and Exchange Commission's enforcement action against 13 dealer firms Monday represents a broad commission effort to correct behavior that was probably due to mistakes by individual traders dealing with an unusual bond issuance, attorneys and market participants said Tuesday.

The crash of Virgin Galactic's Spaceship Two is a setback for New Mexico's publicly financed SpacePort America, which is to be the location for commercial space flights, but the bonds issued to build the facility remain a safe investment, an official said.

Former Miami, Fla. budget director Michael Boudreaux is seeking a rehearing before a full federal court of appeals after a three-judge panel earlier this year denied his claim of immunity from a Securities and Exchange Commission lawsuit.

Tennessee has deferred $400 million of highway projects until 2016 because of concerns the Highway Trust Fund will be insolvent again in May.

Standard & Poor's Ratings Services said it has raised its rating on St. Johns County, Fla.'s water and sewer system bonds to AA from AA-minus.