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.
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.
The U.K. opposition Labour party is considering legislation to stop employers discriminating against military reservists because of unpredictable working patterns, its defense spokesman, Jim Murphy, will say today.
Municipal-bond investors are among the biggest losers from the Justice Department’s suit to block a planned $11.5 billion merger between US Airways Group Inc. and AMR Corp., parent of American Airlines.
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.