Investments

Northeastern University has scheduled a $250 million bond sale, with proceeds to help fund construction of a science and engineering building.

ARKANSAS

COLORADO

The Internal Revenue Service has concluded that $720 million of student-loan bonds issued by a New Hampshire authority are taxable, leading the issuer to move toward requesting an administrative appeal and asking the IRS to reopen its audits of the bonds.

MINNESOTA

NEBRASKA

The University of Chicago was among six institutions to which the not-for-profit Ludwig Cancer Research organization awarded $540 million grants to fund cancer research.

Detroit emergency manager Kevyn Orr reversed a decision to close the bankrupt city's pension system for non-public safety employees and shifted it into a 401(k)-style defined contribution retirement plan.

President Obama's top economic advisor urges Congress to enter into a "grand bargain on jobs" in exchange for national infrastructure bank.

The University of Arkansas' 20-year master plan for its Fort Smith campus is expected to require about $200 million, according to chancellor Paul Beran.

The University of Texas System will open the new year with $240 million of top-rated Permanent University Fund bonds to refund commercial paper.

A hearing on Detroit's interest-rate swaps and proposed borrowing was pushed back until Tuesday due to a massive winter storm in the Midwest.

The municipal market will see the first substantial influx of new issue volume this week after a holiday lull that was marked by few new bonds.

Detroit emergency manager Kevyn Orr said he asked the Securities and Exchange Commission to investigate the city's interest-rate swaps amid "serious questions" about the legality of the financings.

The municipal bond market capped a light year of issuance with a 6% drop in long-term volume in December.

U.S. port infrastructure projects may get some breathing room as another delay looms for Panama Canal expansion.

NEW YORK

Outflows from municipal bond mutual funds persisted for a 32nd straight week, at $1.47 billion.

More public transit options do not reduce highway congestion and fewer options do not make it worse, according to an analysis by Reason Foundation.

Reduced federal funding prompts Kentucky and Ohio to consider using a P3 to build the $3.57 billion Brent Spence Bridge Project between Kentucky and Cincinnati.