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Initial claims for U.S. state unemployment benefits rose by 13,000 to 248,000 in the May 27 week, above the 238,000 level analysts expected, but still near the decades-low levels seen in recent weeks, data released by the Labor Department Thursday showed.

Pricing wires for negotiated bond offerings

Puerto Rico Gov. Ricardo Rosselló proposed an austere fiscal year 2018 General Fund budget that he said cut operating expenses by 9.1%.

The Ridgefield School District has taken another step toward building its first new school in 40-plus years.

Cork popping has given way to elbow grease as Academy School District 20 broke ground Tuesday on a $21 million elementary school where Research Parkway dead-ends at Wolf Valley Drive.

Once-bankrupt Detroit ended fiscal 2016 with a $63 million surplus.

A former Sterne Agee & Leach managing director pleaded guilty to lavishing a portfolio manager at New York state’s pension fund with trips to luxury vacation destinations in exchange for steering hundreds of millions in trading business her way.

NAST is expected to hire a new executive director as John Provenzano leaves to start a new job as vice president of government relations for Publix Super Markets.

Municipal bonds finished stronger on Wednesday as the bulk of the week’s new issue supply swept into the market.

Kent Hiteshew will leave as director of Treasury's Office of State and Local Finance at the end of the week.

Municipal bond volume dropped for a fourth straight month in May, falling 19.8% from a year earlier as new money deals failed to take up the slack from a plunge in refundings.

Maricopa County, Ariz. is mulling final approval of a $2.49 billion budget.

Wayne County, Michigan hopes to parlay positive credit news into savings on an upcoming jail project issue.

New Jersey Economic Development Authority cigarette tax bonds were revised to negative by S&P Global Ratings.

Maryland appeals federal judge’s ruling requiring a redo of ridership projections on Purple Line P3.

An 11-year decrease in Kentucky's workforce upended a key formula underpinning its pension system.

Municipal bonds were stronger at mid-session as the first of the week’s new issue supply swept into the market.

Federal Reserve Bank of Dallas President Robert Kaplan is sticking to his outlook for two more interest-rate increases this year, even as he acknowledged recent declines in U.S. core inflation.

Housing demand unexpectedly weakened for a second month across most U.S. regions as lean inventory took a toll on affordability, putting a damper on the typically busier spring selling season, according to National Association of Realtors figures released Wednesday.

The MNI Chicago Business Barometer decreased to 55.2 in May from 58.3 in April, the lowest level since January.