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CHICAGO - The judge overseeing Detroit's bankruptcy ruled creditors can appeal directly to the U.S. Court of Appeals for the Sixth Circuit rulings that the city is eligible for Chapter 9 and pensions are not protected in bankruptcy.
December 16
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Moody's Investors Service is maintaining a stable outlook for public power utilities in 2014, citing modest growth in demand and low volatility in natural gas prices.
December 16
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The federal Maritime Administration is teaming up with financial experts to help ports develop infrastructure projects that attract private and public capital investments.
December 16
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A $650 million project featuring a new hockey arena and entertainment district in downtown Detroit stepped closer to reality Friday, and officials announced that it includes the demolition of the storied Joe Louis Arena.
December 16
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Volume is expected to trail off to less than $3 billion this week in what will be the last five full trading sessions of 2013 in which a pair of Northeast deals will lead an otherwise skimpy slate of new issuance in the primary market ahead of a holiday hiatus next week.
December 15
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It will be a busy week in Detroit, with the federal judge considering to key financings that have sparked major opposition from the muni market, as well as whether creditors can appeal the recent eligibility ruling.
December 13
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Muni bond mutual funds struggled through their 29th straight week of outflows, at $1.90 billion for the week ended Dec. 11.
December 13 -
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Municipal bond mutual funds recorded heavy outflows, marking the 29th straight week money has left funds, Lipper FMI numbers showed.
December 12 -
Improved issuer disclosure breeds investor confidence which in turn boosts Massachusetts' bond ratings, according to state Treasurer Steven Grossman.
December 12 -
About to leave an office stripped of power, Detroit Mayor Dave Bing said he restored integrity to the tarnished post and helped establish a stronger foundation for the city.
December 12
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Tax-exempt money market funds generated inflows for a second week in a row as $2.29 billion of new cash boosted total net assets to $265.75 billion in the period ending Dec. 9, according to The Money Fund Report, a service of iMoneyNet.com.
December 12
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Bond insurer Syncora has asked to delay a key hearing on Detroit's proposed interest-rate swap settlement and debtor-in-possession financing.
December 12
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The not-for-profit health care sector has reached a negative tipping point, warned Standard & Poor's, which also said new health care law could start to impact states' larger credit profiles.
December 11
