Investments

Millions of jobs and billions of dollars in state road and transit projects are at risk unless a multiyear federal transportation bill is in place by the end of May, Senate Finance Committee Democrats warned on Tuesday.

Older companies often face challenges in adapting to new challenges, but they have advantages as well, according to chief executives, including Alexandra Lebenthal, at the Milken Institute’s Global Conference.

Northwestern University is offering more than $600 million of its gilt-edged paper to taxable and tax-exempt buyers to refund some debt and raise financing for projects in an ongoing $2.6 billion capital program.

With the possibility of Chapter 9 hanging over Detroit Public Schools, investors holding Detroit schools debt may want to consider selling, says Municipal Market Analytics.

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

ARKANSAS

MARYLAND

Public-private partnerships may become an important tool for transportation financing, but must overcome political and social hurdles in the U.S.

OKLAHOMA

ALABAMA

Louisiana State University on Friday pulled a $114.5 million bond offering that had priced two days earlier after investors withdrew from the deal when concerns emerged over the institution’s financial status.

Maryland Gov. Larry Hogan wants major cost reductions in Purple Line P3 rail proposal or he'll kill the project.

Municipal volume is forecast to plunge in the week ahead, with no negotiated deals bigger than $209 million and only eight issues larger than $100 million.

Former Detroit Emergency Manager Kevyn Orr is returning to Jones Day, the firm he worked at prior to ushering the city through the nation's largest municipal bankruptcy.

CALIFORNIA

ALABAMA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased three basis points to 4.26% from 4.23% for the week ended April 16.

Airline advocates told Senate Commerce Committee members at a hearing on Thursday that there is no need to almost double the federal passenger facility fee that airport executives contend is necessary to fund terminals and other facilities needed to meet projected growth in air traffic.

Rhode Island's serious financial challenges extend well beyond the headline 38 Studios bond financing controversy, said a report by Gurtin Fixed Income Management.