Public finance

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

ALABAMA

Muni investors will have to save their appetites for the Thanksgiving Day feast, as volume in the primary market will be unusually thin in the holiday shortened week.

Richard Ciccarone — a prominent voice for buyside municipal research — will retire from his post as chief research officer at McDonnell Investment Management LLC to devote more time to expand his Merritt Research database and -he hopes — to carve out more leisure time in his day.

CALIFORNIA

CALIFORNIA

Municipal bond mutual funds recorded outflows for the 26th straight week, at $770 million, numbers from Lipper FMI showed.

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points this week, to 5.08% for the week ending Nov. 21, 2013, but it remains above its 5.07% average from two weeks ago.

A municipal restructuring executive who played a key role in DC's oversight board in the 1990s is Detroit's new CFO.

A coalition of local leaders is asking Congress to generate an additional $30 billion a year for transportation efforts by almost doubling the federal gasoline tax.

The total net assets of tax-exempt money market funds continued to see-saw as they inched up by $561.5 million to $263.82 billion in the week ended Nov. 18, according to The Money Fund Report, a service of iMoneyNet.com.