Investors cut $147 billion of municipal bonds in the fourth quarter, compared to $83.1 billion the previous quarter.» Read More
With inventories high, the automakers have ramped up deep discounts on many models in an effort to lure customers back into winter-ravaged showrooms.
NEW YORK, Feb 28- A series of public and private meetings between the London Metal Exchange and its staunchest critics in the United States has revealed a small but significant shift in a years-long crisis over the exchange's warehousing policy, sources said.
DETROIT, Feb 27- U.S. safety regulators have opened an investigation into whether General Motors Co reacted fast enough in its recall of more than 1.6 million cars over an ignition-switch defect linked to 13 deaths in crashes.
CHICAGO, Feb 27- Standard& Poor's Ratings Services posed the question on Thursday that has been lingering in the minds of many in Chicago: Will significant budget pressures put the city on the same path that led Detroit into bankruptcy?
Feb 27- Cable TV network AMC Networks Inc reported a 19 percent jump in quarterly revenue that handily beat Street estimates, helped by the popularity of "The Walking Dead."
LOUISVILLE, Ky.-- Kentucky's two largest universities are involved in two Pentagon- led institutes to boost advanced high-tech manufacturing announced by President Barack Obama on Tuesday.
LONDON, Feb 26- The tremors caused by the explosion in U.S. physical aluminium premiums have reached the other side of the world. The opening producer salvoes in the quarterly negotiations are coming in at $370- 375 per tonne over LME cash. That compares with $255- 256 for the January- March 2014 period.
WASHINGTON, Feb 25- Joking that he would blast off in an "Iron Man" suit, President Barack Obama on Tuesday announced that two new manufacturing institutes aimed at creating quality jobs would be located in the Midwest cities of Chicago and Detroit.
TRENTON, N.J. Feb 25- New Jersey Governor Chris Christie called for a new round of public pension reform in his fifth state budget proposal on Tuesday but provided no details, while opposition Democrats rejected the idea.
WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took just five of the top 10 spots, their worst showing in the 18- year history of the annual rankings.
WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took five spots in the annual rankings, their worst showing in the 18- year history of the ratings.
WASHINGTON, Feb 25- President Barack Obama planned to announce on Tuesday that two new manufacturing institutes aimed at creating quality jobs would be located in Chicago and Detroit and be supported by $140 million in federal funds, the White House said in a statement.
DETROIT, Feb 25- General Motors Co, the biggest U.S. automaker, wants to avoid the recall of more than 200,000 of its new full-size Chevrolet and GMC pickup trucks, asking U.S. safety regulators to declare an electronic glitch as "inconsequential" to safety.
LONDON, Feb 25- U.S. railroad operators have agreed new safety procedures to reduce the number of fiery derailments involving crude-carrying trains and cut the risk of a catastrophic explosion in a densely populated urban centre.
Feb 24- Detroit's plan to deal with its $18 billion of debt and emerge from municipal bankruptcy would set a troubling precedent for the U.S. municipal bond market, Fitch Ratings said on Monday. "Fitch considers Detroit's plan of adjustment to be hostile to GO bondholders," the rating agency said in a statement.
Feb 24- Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order on Monday by the judge overseeing the case. Detroit and its creditors have until Friday to file objections to U.S.
NEW YORK, Feb 23- BuzzFeed has come a long way from cat lists. This month one of its journalists was on the ground in Kiev reporting on the crisis in Ukraine, and last December it published an in-depth article on a Chinese dissident living in Harlem, New York.
Feb 21- Detroit's blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, setting the stage for a new round of negotiations and court challenges.
The attacks on the blueprint unveiled Friday mark the start of the kind of litigious, acrimonious battle city officials are hoping to avoid.
Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.