Economy

Moody's lifted California to Aa2 ahead of plans to sell $1.1 billion of general obligation bonds.

The policy would require firms to consider women and people of color for every open board seat and for CEO appointments.

Marcos Rodriguez, managing member of Palladium Equity Partners, a Diverse Practitioner award winner, says he never forgets that he helps the hardworking people of New York.

Tina Byles Williams, CEO and CIO of the FIS Group, a Diverse Practitioner award winner, says she is honored to manage money for the city and it was especially meaningful to be recognized by the city.

“We know that leading with our own funds, putting our money where our mouth is, will give the best and the brightest in the business a fair chance and set the momentum for everyone else,” says New York City Comptroller Scott Stringer.

St. Louis-based Ascension Health Alliance will price up to $856 million through the Wisconsin Health and Educational Facilities Authority.

The Jacksonville, Florida, municipal utility received 16 bids from buyers wanting to purchase its electric and water systems.

The authority is bringing $950 million of taxable bonds and $1.7 billion of tax-exempts.

Massive borrowing for essential projects in the face of a projected deficit spike is a dilemma as its $51.5 billion capital program undergoes scrutiny.

Moody's Investors Service cut OSF Healthcare System to A3 from A2.

The rating agency upgraded the hospital system to Aa2 from Aa3.

The Florida Department of Transportation filed motions with an appellate court challenging the Miami-Dade County Expressway Authority’s lower-court wins.

The Bond Dealers of America is forming an Affiliate Member Division to bring a lobbyist voice to smaller firms.

Miami-Dade County is seeking proposals from firms to build a transit link across Biscayne Bay.

The city's municipal expects $44 million of present-value savings in the $244 million deal to refund 2010 BABs.

The Bourne and Sagamore bridges over the Cape Cod Canal are functionally obsolete, according to their owner, the Army Corps of Engineers.

The city is asking private operators interested in leasing Lambert Airport to submit their qualifications, a move likely to lead in to a bidding process.

Judge John Cooper’s decision could set the stage for an appeal in the Miami-Dade County Expressway Authority’s litigation.

The Securities and Exchange Commission is seeking comment on exemptive relief for municipal advisors in some activities in private placement deals, eliciting fierce resistance from broker-dealer groups.

Siebert Williams Shank & Co. will leverage each minority- and women-owned firm’s experience and industry positions.