Genesis HealthCare System in southeast Ohio sold $295 million of municipal bonds in the biggest junk- rated hospital deal since 2011 as investor demand for extra yield shrinks the penalty on such borrowers by 50 percent.
An oil spill that fouled an Arkansas town is raising questions about the U.S. pipeline network and the safety of importing Canadian heavy crude, as President Barack Obama weighs whether to approve the Keystone XL project.
The U.K.’s opposition Labour Party said it can’t commit to reversing Prime Minister David Cameron’s defense-spending cuts, as it put aircraft carriers, unmanned drones and fighter planes at the heart of its strategy for 2015.
Chancellor of the Exchequer George Osborne risks breaching a NATO agreement to keep U.K. defense spending at 2 percent of gross domestic product if he cuts the Ministry of Defence budget, a panel of lawmakers said.
Prime Minister David Cameron is set to deploy as many as 200 British military personnel to West Africa to help train a regional intervention force for Mali, in a further deepening of U.K. involvement in the campaign against Islamist militants.
Prime Minister David Cameron stressed the urgency of resolving the euro region’s debt crisis as he tried to maintain discipline in his Conservative Party before U.K. lawmakers vote on the European Union today.