The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors’ appetites for real estate as more distressed properties from the crash come up for sale.
InsideClimateNews.org -- A decision 90 years ago by the people of Sacramento, Calif. to oust a private electric company and start a government-owned utility has been the unlikely inspiration for Berliners trying to wrest control of Germany's largest grid from a coal-fired utility.
San Bernardino, the bankrupt California city facing an inquiry by the U.S. Securities and Exchange Commission, masked its growing deficits by using funds meant for sewers, roads and construction to cover current expenses, according to city records.
Veolia Environnement SA’s water division has been awarded a 30-year contract through its North America subsidiary to manage water and wastewater systems for the Southern California city of Rialto and its water agency.
Vallejo, the Northern California city that sought Chapter 9 bankruptcy protection in 2008, is set to sell about $19 million in water-revenue bonds next week in its first municipal-debt sale since the filing.
Eight current and former officials in the Southern California city of Bell were arrested in an investigation of high salaries that the leaders of the Los Angeles suburb are accused of paying themselves.