Samuel A. Ramirez & Co. has added public finance bankers in three separate offices as it continues to broaden its national reach. Cordelia Mendez joins as a vice president in the New York City office, Ayanna Louis-Charles joins as a senior vice president in south Florida and Courtney Okezie joins as a vice president in
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A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. Luke Sharrett | Bloomberg | Getty Images The planned restart of Three Mile Island is a step forward for nuclear power, but the U.S. needs to deploy new plants to keep up
The Chicago Board of Education adopted a nonbinding resolution proposed by Chicago Public Schools CEO Pedro Martinez declaring a moratorium on school closures through spring 2027 during a heated meeting on Thursday. Thursday’s meeting followed a special meeting last week at which the board unanimously approved a five-year strategic plan that calls for CPS to
Alabama Democratic Rep. Terri Sewell will take over as co-head of the House Municipal Finance Caucus as Maryland Democrat Rep. Dutch Ruppersberger retires at the end of his term. Sewell will take the caucus helm at a key time as Congress is expected to tackle tax policy next year in a debate that municipal bond
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the grounds of large estates you often find a more modest dwelling, called a “dower house”. In the past, should the owner of the estate die, the widow — or dowager — would move
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. One of the most notable developments at fashion month? There’s been a lot more space available, for a start. The benches have seemed roomier. And it’s not for a lack of people at the
California hospitals will get no extra time to retrofit hospitals against earthquakes after Gov. Gavin Newsom vetoed a bill that would have given them some breathing room. Senate Bill 1432 was approved by lawmakers with unanimous votes in both houses in August. Newsom announced his veto Sept. 12. Under existing regulations, hospitals will be forced
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I listened to Shostakovich’s ninth symphony on the way back from Labour’s party conference in Liverpool. The prime minister mentioned the composer in his speech as the one he turns to “when the reviews aren’t
For six gruelling days earlier this month a small team of experienced Ukrainian soldiers managed to withstand Russia’s relentless assault on their position on the eastern front. All aged under 40 and with two years of fighting experience, the six men held their ground despite a barrage of rockets and killed over 100 Russian soldiers,
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Bloomberg | Bloomberg | Getty Images Shares of Hong Kong’s major developer, New World Development surged over
New York Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney’s Office announced Thursday. The charges came in a period of heavy borrowing for the city, and how the case develops could influence investor interest, analysts say. “I think people certainly are going to have questions about the
Municipals were steady Thursday as the last large deals of the week priced while municipal bond mutual funds reported the 13th consecutive week of inflows, led by high-yield. Munis were in their own lane, ignoring a mixed U.S. Treasury market while equities rallied. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 64%,
The Louisiana Bond Commission approved the sale of $620 million in aviation revenue bonds and $220 million in sales tax bonds and modified conditions for up to $1 billion in gas and fuels tax bonds it previously authorized. The commission consented to the sale of up to $575 million in general airport revenue refunding bonds
On Wednesday, the House of Representatives and the Senate both signed off on a continuing resolution that will keep the government open and federal funds flowing to state and local governments. A bipartisan effort on both sides of the Capitol building was required with a 341 to 82 decision in the House and 78 to
Chicago-based Loop Capital Markets LLC has brought on three new hires, including one that will open the firm’s first Philadelphia office, as part of its effort to build out its northeast and Texas public finance business. The hires of Jaimie Scranton, Doug Adams and Christopher Dinno follow the firm’s hiring in March of four senior
New Mexico’s Bernalillo County Board of Commissioners approved its biggest-ever issuance of industrial revenue bonds on Tuesday with an up to $942 million conduit deal for a solar cell manufacturing facility. Proceeds from the taxable debt will help finance an 834,000-square-foot facility in the Mesa del Sol industrial development area for Ebon Solar that officials
Warren “Bo” Daniels, managing director and head of public finance for Loop Capital, will take over as chair of the Municipal Securities Rulemaking Board Oct. 1, bringing a three decade career to an organization set to take major steps forward in the coming year. Jennie Bennett, associate vice president for finance at the University of
California Controller Malia Cohen released recommendations Wednesday crafted by a task force formed in 2023 to strengthen auditing functions for the state’s charter schools after 11 San Diego charter schools became embroiled in a fraud case. The task force established audit criteria and best practices to detect and curtail charter school fraud following a case
Georgia’s weakening economy and the long-run impact of recent tax cuts are concerns, credit analysts say, albeit ones the state’s triple-A bond ratings may ride out successfully. The state’s unemployment rate has gone up for four consecutive months, according to the U.S. Bureau of Labor Statistics. The GOP-dominated state government has been cutting the top
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China’s leaders have vowed to intensify fiscal support for the world’s second-largest economy, fuelling markets with hopes of more intervention just days after the central bank announced the biggest monetary stimulus since the
Municipals were steady for another session as the primary market took focus with several large deals seeing yields lowered upon repricing. U.S. Treasuries were weaker and equities saw losses. The Investment Company Institute reported $1.329 billion of inflows into municipal bond mutual funds for the week ending Sept. 18 after $1.402 billion of inflows the