New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.» Read More
DETROIT-- Detroit's mayor-elect and its state-appointed emergency manager announced Thursday that a former overseer of Washington, D.C., is their city's new chief financial officer. Emergency Manger Kevyn Orr and mayor-elect Mike Duggan say John Hill has taken immediate charge of running Detroit's finances.
FORT EDWARD, N.Y.-- General Electric Co. said Thursday it will close a northern New York electrical capacitor plant that employs about 200 workers.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
WASHINGTON-- The number of homeless people in the U.S. declined for a third straight year, helped by sharp dropoffs in veteran and chronic homelessness, according to a government survey released Thursday. That was down from 633,782, or a 4 percent drop from the previous year, according to the survey by the Housing and Urban Development Department.
BIRMINGHAM, Ala., Nov 21- A U.S. judge on Thursday approved a landmark settlement between Alabama's bankrupt Jefferson County and creditors that locks in more than $1 billon of losses for Wall Street and clears a path to end the second-biggest U.S. municipal bankruptcy case.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
*Dominated by big groups such as Goldman Sachs, Glencore. LONDON/ NEW YORK, Nov 21- Sweeping warehouse rule changes proposed by the London Metal Exchange will spur a resurgence of independent storage firms after several years of dominance by big groups such as Goldman Sachs and Glencore Xstrata.
Aiming to generate growth and jobs, small- and mid-sized companies in more metro areas are making bigger bets on the global economy.
MIAMI, Nov 20- A JetBlue flight traveling from Fort Myers, Florida to Boston, was diverted to Orlando on Wednesday after an evacuation slide partially opened inside the plane, an airline spokesman said.
NEW YORK, Nov 20- Taxpayers, check your calendars: There are 41 tax-planning days before the books close on 2013. With new tax provisions in place and several benefits expiring at the end of the year, now is the time to plot your year-end financial strategy. Here are year-end moves that will make that April tax deadline less painful.
Nov 20- Broadcaster Gray Television Inc and Excalibur Broadcasting LLC said they would buy 20 stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash, sending Gray's shares up as much as 19 percent.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
NEW YORK, Nov 19- Short-seller Jim Chanos said on Tuesday that shares of international oil majors like Exxon Mobil Corp increasingly look like a value trap for investors as cash flows decline and return on capital slides.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
NEW YORK, Nov 18- Thousands of victims of Bernard Madoff's fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. It is being held in a Madoff Victim Fund and overseen by special master Richard Breeden, a former U.S.
DUBAI, Nov 18- Pratt& Whitney, which builds the engine for Lockheed Martin Corp's F-35 fighter jet, said it was seeing strong interest in the radar-evading warplane, but it would likely be several years before exports to the Gulf region were approved.
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.