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Municipal bond mutual funds reported inflows for a third consecutive week as they took in $338 million of net inflows for the week ended Jan. 29, Lipper FMI numbers showed.
January 30 -
The thousands of airline flights cancelled this winter due to severe weather may affect some airports' revenues and cost budgets, Fitch Ratings said.
January 30
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Tax-exempt money market funds lost $2.29 billion in the week ended Jan. 27, as total net assets dipped to $269.29 billion, according to The Money Fund Report, a service of iMoneyNet.com.
January 30
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Detroit's emergency manager said Wednesday he has presented the city's creditors with a proposed plan of adjustment, a key benchmark in the historic Chapter 9 case.
January 29
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The American Public Power Association's board of directors has appointed Sue Kelly to become the group's new president and chief executive officer on April 1.
January 29
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The Detroit Institute of Arts said it will try to raise $100 million as part of a high-profile public-private effort to raise money to pledge to the city's pensions while safeguarding its prized art collection.
January 29
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The head of Amtrak said the rapidly depleting federal Highway Trust Fund should be replaced with a Transportation Trust Fund that can invest in rail as well as highways.
January 29
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A slew of research reports in the last month have touted the opportunities in the tax-exempt asset class, as interest-rates rallied and municipal prices firmed. Analysts credited everything from the return of mutual fund inflows and low volume to U.S. economic concerns and volatility overseas.
January 28
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A plan to fund Detroit's pensions while protecting its art collection received a boost Tuesday when a major foundation pledged $40 million to the effort.
January 28
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Remarketing $700 million of variable-rate debt last year has helped New York's MTA position itself in a volatile market, finance director Patrick McCoy said.
January 28 -
Michigan Attorney General Bill Schuette Monday asked a federal appeals court to expedite a decision on whether Detroit can cut its pensions, calling it a question of national importance.
January 28
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Fitch Ratings blasted Michigan Governor Rick Snyder's plan to pledge $350 million to Detroit pension debt, warning it could set a troubling precedent by elevating pension claims above bond debt.
January 27
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Passage of a new federal highway funding bill will require local officials to school Congress, says House Transportation Committee chair Bill Shuster, R-Pa.
January 27
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