Investments

The sale of a city-owned broadband provider in Burlington, Vermont, concluded a tumultuous decade-long financial crisis that underscored the challenges of local governments trying to execute municipally run enterprises that compete against the private sector.

The suits against non-bond creditors are a step in an effort to claw bank money that will extend to bondholders.

Mini-bond investors were damaged by the South Carolina-owned utility’s disclosure omissions, according to the suit.

Numbers showed 167 submissions for Rule 15c2-12's Event 15.

Birmingham, Alabama's general obligation bond rating was lowered one notch by Moody's due to growing pension liabilities.

The Philadelphia deal saw robust demand from muni bond buyers on Tuesday.

Trump's acting chief of staff said details may bedevil an infrastructure deal even if Democrats and Republicans agree on its size.

Thieves stripped copper wiring and appliances, Newton County officials said.

The debt service reserves for the Better Housing Foundation deals were drained to make the last bond payment.

Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.

The Alternative Reference Rates Committee said the recommendations are part of its mandate to address risks in contracts that refer to Libor as part of the larger shift to the Secured Overnight Financing Rate (SOFR).

Municipal bond sales sank 28.2% from April 2018 as issuers awaited clarity on federal infrastructure plans.

As the session enters the homestretch, lawmakers are divided over how to impose tolls on the state's highways and whether to do so.

Penobscot County commissioners are seeking bids for architectural and engineering design services for a new, 300-bed jail to be built in the parking lot near the current facility in downtown Bangor.

The fate of higher education was on the agenda at the Milken's Institute's Global Conference.

Board says it it will sue those who held at least $2.5 million of the challenged bonds from May 2013 to May 2017.

The municipal bond market is waiting with anticipation for this week's new issues.

Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.

The new mayor and council will take office after a bond issue resolves a longstanding back-pay lawsuit that the departing mayor once said threatened bankruptcy.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.