Bill Lockyer News
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California Treasurer Bill Lockyer, who never realized his ambition of governing the most-populous state, may remain a powerbroker after leaving office with $2.5 million in campaign funds and four decades in politics.
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California Treasurer Bill Lockyer, who runs the bond financing and banking office of the largest U.S. municipal borrower, said he won’t run again for elective office when his term ends in 2015.
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California, which is poised for its first budget surplus in almost a decade, is also set to reclaim its position as the biggest borrower in the $3.7 trillion U.S. municipal market.
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California, the most populous U.S. state, isn’t likely to see a wave of cities defaulting on payments to municipal bond holders, according to a study sought by Treasurer Bill Lockyer’s debt and advisory commission.
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Only eight months ago, Bill Lockyer was the envy of California politicians. Undefeated in 39 years as assemblyman, senate leader, attorney general and treasurer, the Democrat won 5.4 million votes in his 2010 re-election, more than any other state official in the U.S.
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Texas lawmakers are joining the push to curb municipal bonds that push off debt payments for as long as 40 years on loans for public schools built to handle surging enrollment.
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Cerberus Capital Management LP’s founder Stephen Feinberg and his partners may try to acquire gunmaker Freedom Group Inc. from the private-equity funds managed by his firm, according to two people familiar with the matter.
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California Treasurer Bill Lockyer asked state Attorney General Kamala Harris to determine whether agreements between some school district officials and bond underwriters used public funds in violation of the law.
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California seized on demand for tax-exempt securities and increased a general-obligation bond offering to $2.7 billion yesterday from $2 billion after yields on some maturities were raised.
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California increased its general- obligation bond offering by more than a third, to $2.7 billion from $2 billion, as demand for the securities surged after yields on some maturities were raised.
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