Economy

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported strong activity and increased optimism in July.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

The Ohio-based operator is acquiring the operations of HCR ManorCare.

State-owned Santee Cooper is battling cross claims by electric cooperatives that buy power from the agency in a suit over its shelved twin reactor project.

U.S. purchases of new homes fell in June to the slowest pace in eight months.

Rep. Bill Shuster's infrastructure discussion draft would temporarily raise federal fuels taxes for the ailing Highway Trust Fund while a newly created commission would determine how to ensure its long-term solvency.

Sen. John Kennedy, R-La., suggested he and Sen. Elizabeth Warren, D-Mass., may introduce a bill that would require MSRB to elect public members who represent consumers and are not just retired industry executives.

Banker David Schott has joined Stern Brothers' New York office.

Rudy Salo, a Nixon Peabody partner, discusses whether driverless cars will be a disruptive force in mass transit planning. Keeley Webster hosts.

Manufacturing growth in the central Atlantic region “expanded at a slower pace in July.”

The Central Basin Municipal Water District was downgraded three notches to Baa1 by Moody's, which assigns a negative outlook.

The Municipal Securities Rulemaking Board named Gary Hall as its next chair and Edward Sisk to become vice chair. It also temporarily cut fees to reduce excess reserves by $2.6 million.

School districts, higher education institutions and healthcare providers could feel the pinch, according to Eric Kim of Fitch Ratings.

Existing home sales fell 0.6% to a seasonally adjusted 5.38 million-unit rate in June.

The Chicago Fed National Activity Index for June reversed to positive 0.43 from a downwardly revised negative 0.45 in May.

The measure was the latest in a series of proposals that have been shot down because of divisions between county leaders.

Moody's revised the outlook on $3 billion of Chicago parks, water and sewer bonds to stable.

RBC is adding to its team even as smaller underwriting spreads have driven some players to reduce staff.

MSRB is seeking comments on a revised set of potential draft amendments to its rules on primary offering practices and related disclosures that it says would benefit the market for relatively limited costs to participants.

A motion for summary judgment by Indian River and Martin counties contends that the privately owned project isn’t eligible to use the private activity bonds.