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An Iowa agency is set to offer the largest-ever U.S. municipal junk bond sale to finance a fertilizer plant two weeks after an explosion at a Texas distributor of crop nutrients killed 14 people.
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California’s rebounding finances are drawing investors to the riskiest debt of the world’s ninth- largest economy, buoying prospects for a revival in bond sales by its blight-fighting organizations.
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Caterpillar Inc. Chairman and Chief Executive Officer Doug Oberhelman said “some degree of bipartisanship” in Washington could help solve the U.S. fiscal debt problem.
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Senator Jay Rockefeller opened a probe into the limited benefit “mini-med” plans that McDonald’s Corp. , the world’s largest restaurant chain, offers employees.
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Investors betting President Barack Obama’s health-care law will limit hospitals’ unpaid bills have helped fuel the best returns in the municipal market. The U.S. Supreme Court may quash the rally next month.
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Redbox , which became the fastest- growing U.S. video retailer with DVD kiosks and a $1-a-day rental price stores couldn’t match, is developing an online strategy to stay competitive with larger rival Netflix Inc.
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More than 300,000 uncounted ballots in a California tax referendum may dictate the future of the biggest rally since 2009 for bonds backed by payments from tobacco companies.
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Kimberly Connacher, a bank teller, tried to get to Modesto Junior College early enough each evening to beat about 44 other students to a seat and avoid having to stand through her English class.
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Strayer Education Inc. , a chain of for-profit colleges that receives three-quarters of its revenue from U.S. taxpayers, paid Chairman and Chief Executive Officer Robert Silberman $41.9 million last year. That’s 26 times the compensation of the highest-paid president of a traditional university.
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Dutch authorities began investigating DigiNotar BV after hackers attacked the Internet- safety company, targeting websites such as Facebook Inc. and the U.S. Central Intelligence Agency.
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