Investments

The Minneapolis College of Arts and Design's growing enrollment numbers and improved cash flows and debt service coverage prompted Moody's Investors Service to revise its outlook to stable from negative.

Tax-exempt municipal bonds rallied in the first full market week of January, as reinvestment cash hit investor portfolios and government data suggested a sluggish economy.

Municipal bonds remain attractive even after their divergence from Treasuries this past week, industry watchers say, suggesting the recent signs of strength in the market may carry into the new year.

Eleven U.S. cities are among the first in the 33 of 100 in the world picked by the Rockefeller Foundation to receive financial assistance in developing more-resilient infrastructure to resist catastrophic events.

Jefferson County's exit from Chapter 9 bankruptcy sparked interest in general obligation bondholder protections in Alabama, Moody's Investors Service said.

A coalition representing Detroit retirees sued in federal court to block the city from implementing health care changes that would shift older employees to Medicare and younger ones to the state-based health care exchange.

Municipal bond mutual funds recorded their lightest outflows since May 22, when they last registered inflows.

CALIFORNIA

ARIZONA

Moody's Investors Service downgraded Yeshiva University debt to B1 from Baa2 Thursday afternoon

The Bond Buyer's weekly yield indexes slid in the week ended Jan. 9.

Maryland has selected four international construction consortiums to submit proposals to build, maintain and operate the proposed $2.2 billion Purple Line light-rail system that would connect Montgomery and Prince Georges Counties.

California Gov. Jerry Brown proposes paying off the state's long-term debt, including all economic recovery bonds, and adding to its rainy day fund in his $106.8 billion general fund spending plan.

Detroit's negotiations this week with holders of the city's nearly $6 billion of water and sewer bonds went well enough that one investor said a settlement is likely.

CALIFORNIA

ALASKA

Los Angeles is hosting its 2nd Regional Investor Conference 2014 on Feb. 26-27 at Universal Studios and Paramount Studios.

Washington State University is planning to sell $60 million of revenue bonds later this month to fund improvements throughout its campus.

Thornburg Investment Management has launched a low duration municipal bond fund aimed at investors looking for a tax-exempt income stream as interest rates rise.

Lawmakers next Tuesday will begin considering reauthorizing the federal surface transportation funding program at a hearing held by the House Transportation and Infrastructure Committee.