Economy

Sturdy contracts support repayment of AMP's Prairie State Energy Campus bonds but the coal-fired plant faces pressure from Illinois decarbonization legislation.

As hospitalizations surge because of the new coronavirus variant, Fitch Ratings and Kaufman Hall warn of threats to not-for-profit healthcare's fiscal recovery.

A pair of bond sales coming out of the Carolinas found homes with investors this week as demand for the paper was high.

ReThinkNYC, battling entrenched transit and real-estate interests in its call for a unified network, cites economic development gains and capital savings.

Refinitiv Lipper reported $1.9 billion of inflows, high-yield gaining $524 million, the 25th consecutive week of inflows into municipal bond mutual funds.

The trouble stems from a West Virginia tender offer deal Crews & Associates recommended to an issuer.

Tom Kozlik, head of municipal strategy and credit, Hilltop Securities

Fitch Ratings also maintained a negative outlook on BART.

Community banks have played and will continue to play a key role in supporting local economies across the country. Join us in a lively conversation with Dennis E. Nixon, President & CEO of International Bank of Commerce (Laredo, Texas) & Chairman, International Bancshares Corporation and Eddie Aldrete, Senior Vice President at International Bank of Commerce as we discuss: (1) the need for bankers and the business community to become involved in political issues. From minimum wage and issues that affect small businesses to regulatory issues that directly affect the banking industry, banking and business leaders need to be thought leaders in the public conversation and (2) how bankers can play a pivotal advocacy role in the free trade process.

The regional Fed bank said it was making the move “due to the recently elevated COVID-19 health risk level in Teton County, Wyoming.”

State officials who support the high-speed project are tracking discussions around the “social infrastructure” package for anything rail-related they can tap.

Production companies making films, TV series and commercials may offer North Carolina $409 million of revenue this year.

Cyber criminals threaten the safety of patients and the financial health of hospitals. The life-and-death stakes underscore the importance of online security.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

That's not a bad idea despite the crumbling condition of a key stretch of the highway, says NYU Rudin Center Director Mitchell Moss.

Kyle Hemminger joined Cain Brothers this month in Columbus, Ohio.

The board will have 15 members for its fiscal year starting Oct. 1.

The rating agency also affirmed the ratings on 18 large airports and major airline hub facilities across the United States.

The board decided last month it would seek commission approval to tweak rules related to mandatory disclosures.

Municipals returned 0.83% in July with a year-to-date return of 1.90%. High-yield returned 1.20% in July and 7.40% year-to-date. Taxables led July with 1.65% returns and 1.95% for the year.