Since 1980, hard-pressed mayors, county executives and other leaders among some 90,0000 local governments across America have filed just 274 Chapter 9 cases, according to James Spiotto, partner at Chapman and Cutler LLP in Chicago.
Videgaray is Pena Nieto's right-hand man and combines blue-chip academic qualifications with experience in the private sector, local government and Congress. On his return, he worked for seven years at Aspe's investment bank, Protego, when he met Pena Nieto- then a young congressman from the State of Mexico- during talks on a debt restructuring.
UNITED NATIONS- The U.N. General Assembly is set to implicitly recognize a sovereign state of Palestine on Thursday despite threats by the United States and Israel to punish the Palestinian Authority by withholding much-needed funds for the West Bank government.
WASHINGTON- Republican unity against raising tax rates for the wealthy began to show cracks on Wednesday after a conservative congressman said he would back an agreement with President Barack Obama to raise rates on the rich but extend tax cuts for income below $250,000.
NEW YORK, Nov 27- Macerich Co isn't usually in the business of hosting religious processions in its mall parking lots.
*European Commission clears Glybera for ultra rare disease. The formal clearance from the European Commission paves the way for a launch next summer of the treatment for an ultra rare genetic disease that will cost around 1.2 million euros per patient, a new record for pricey modern medicines.
*No crowds in lower Manhattan after storm. *Businesses try to cope without power. NEW YORK, Oct 31- The residents and business owners of lower Manhattan who have lost their electricity this week are beginning to adjust to life in an unfamiliar place: ``Blackout City.''.
HENDERSON, Nev.-- This suburb in a battleground state is pockmarked with half-built subdivisions, foreclosed homes and voters like Leslie Levin. But here and in hotly contested Florida, the damage to the housing market is still painfully visible.
*Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
NEW YORK, Oct 30- U.S. single-family home prices rose in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday. S&P 500 futures edged up following the data, but the stock market will be closed for a second day in a row in the wake of a powerful storm that hit the east coast.
Travelers is the third-largest insurer in New York for both personal home and auto and commercial lines of insurance, and the second-largest in Connecticut. Weather is unlikely to interfere with claims processing, a spokesman said, even though the company is headquartered in New Jersey, Chubb has a major center in Arizona that can handle claims as needed.
BERLIN, Oct 28- With the U.S. presidential election too close to call, hundreds of thousands of Americans living in Europe have been posting their absentee ballots with a sense that they could truly make a difference on Nov. 6.
FRESNO, Calif.-- Two decades ago, Mi Pueblo Food Center began modestly as a small butcher shop run by an illegal immigrant. "We are feeling what is happening to us in a way that most companies might not, because we are founded by an immigrant and depend on immigrants to survive," said Perla Rodriguez, spokeswoman for the San Jose, Calif- based company.
WAYZATA, Minn.-- Shares of TCF Financial Corp. rose Friday after the regional bank said its third-quarter net income tumbled 71 percent, hurt by hefty charges, but still managed to beat Wall Street predictions. Wayzata, Minn.- based bank posted a profit attributable to common shareholders of $9.3 million, or 6 cents per share, for the three months ended Sept. 30.
FLAGSTAFF, Ariz.-- Months after the federal Indian Health Service said it was finalizing a policy that would make emergency contraception more accessible to American Indian women, advocates say they're still waiting.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.