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.
Investors in the $3.7 trillion municipal market assumed Illinois lawmakers would fix the worst- funded U.S. state pension system. The legislature’s latest failure is showing buyers the cost of inaction.
Bonds sold by hospitals are turning into the biggest losers in the municipal market as a delay in a provision of President Barack Obama’s health-care overhaul converges with near-record withdrawals from high-yield funds.
Illinois lawmakers will meet in a special session today, their second in three weeks, with leaders signaling that they can’t satisfy Governor Pat Quinn’s demand that they fix the nation’s worst-funded retirement state system before the day is done.
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.