Public finance

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.

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

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.

Michigan Gov. Rick Snyder signed legislation designed to ease Detroit's first post-bankruptcy appearance in the debt market.

ALASKA

ALABAMA