Investments

The Agriculture Department and CoBank have formed a $10 billion fund to spur private investment in rural public infrastructure.

The outcome of Detroit's high-profile bankruptcy case could influence how other distressed Michigan governments prioritize their own retirement obligations against other types of debt, Moody's Investors Service said.

ALABAMA

ALABAMA

Municipal funds reported their highest inflows in 11 weeks.

Texas will provide nearly $6 million in subsidies for Charles Schwab Corp. to add a new center in El Paso and expand its Austin operation, Gov. Rick Perry said.

The Bond Buyer’s muni bond indexes strengthened in the week ending July 24.

Allowing states to toll existing highways as an infrastructure funding option divides transportation industry advocates.

Hospital bankruptcies are on pace to set a record in 2014 and investors should get more involved with restructuring efforts, a firm specializing the field says.

Samson Capital Advisors LLC, a New York-based global fixed-income investment management boutique, has tripled its assets under management in the past decade, as demand surged for wealth management advice.

Detroit's bankruptcy may prove relevant for current restructuring candidates like Puerto Rico, the City of Chicago, and several municipalities in California.

Outflows from tax-exempt money market funds decreased to $66 million in the week ended July 21, as total net assets settled at $256.75 billion, according to The Money Fund Report, a service of iMoneyNet.com.

KENTUCKY

CALIFORNIA

The Regents of the University of Minnesota will sell $141 million of general obligation bonds Thursday to finance construction of a new ambulatory care center.

Gov. Jerry Brown signed a bill into law on Wednesday that will expand an existing law to require California debt issuers to disclose any direct loans from banks to the California Debt and Investment Advisory Commission.

Analysts and investors are applauding the pressure Standard & Poor's is putting on issuers to disclose their outstanding direct loans.

ARKANSAS

ALABAMA

With the votes in on Detroit's plan to deal with its $18 billion of debt, the stage is set for confirmation hearings next month that will pit unhappy bondholders and bond insurers against employees and retirees who overwhelmingly endorsed the plan.