Public finance

Yields in the municipal market have started Monday somewhat weaker as they search for traction.

INDIANA

CALIFORNIA

Municipal issuance is expected to surge in the post-holiday primary market, led by a $1.2 billion revenue sale from the New York State Tobacco Settlement Authority.

The Los Angeles County Metropolitan Transportation Authority will conduct a $452 million combination new money/refunding competitive sale Dec. 4 to pay for cost overruns on several projects.

The bankruptcy judge overseeing Detroit's Chapter 9 case delayed a ruling on a $160 million borrowing plan to finance the city's lighting system due to possible conflict of interest by public finance firm Miller Canfield Paddock and Stone PLC.

The merger of American Airlines and US Airways Group can proceed as scheduled after a federal bankruptcy judge's clearance of the airlines' federal anti-trust settlement.

ILLINOIS

DISTRICT OF COLUMBIA

A group of Detroit's creditors, including bond insurers, asked the bankruptcy court overseeing the city's case to appoint a committee to assess the value of the city art collection and propose ideas for monetizing it.

U.S. Bankruptcy Judge Sean Lane is expected to issue a decision on the American Airlines bankruptcy at a hearing at 10 a.m. Wednesday in New York.

Detroit's proposed $350 million debtor-in-possession financing would mark the largest such deal in Chapter 9 history, but not the first: that honor goes to Orange County, Calif.

Mitre Media plans the beta launch in February of a web-based tool designed to connect buyers and sellers, in the latest online marketing venture aimed at munis.

Crowded terminals will become more common unless U.S. airports are able to fund the additional infrastructure needed to meet growing passenger demand.

CALIFORNIA

ARIZONA

CHICAGO — U.S. Bankruptcy Court Judge Steven Rhodes will issue his decision over Detroit's eligibility to file for Chapter 9 bankruptcy on Dec. 3.

A bankruptcy Court judge said he expects to rule by Wednesday on American Airlines' request for final clearance to merge with US Airways Group Inc. and exit Chapter 11.

Municipalities who spearhead solar energy projects for their public facilities now can track these green investments from their computers.Santa Barbara, Calif.-based Wiser Capital recently launched the nation’s first online marketplace that enables local governments the ability to determine their savings when utilizing solar for energy needs. The web-based platform evaluates and matches stakeholders based on their qualifications and requirements. It consists of analytical tools, financial modeling and transaction services that objectively score performance risks any project presents.

INDIANA