A struggling Iowa hospital’s sale to its primary competitor through a bankruptcy proceeding has closed. In a case filing by Iowa City-based Mercy Hospital, the notice of sale closing made official the hospital’s sale to the University of Iowa through the Chapter 11 bankruptcy process. Mercy filed for bankruptcy in August, thwarting a push by
The numerous criminal and civil court cases against Donald Trump have turned the spotlight on one of the most contentious concepts in US law: presidential immunity. Trump’s claim that he is shielded from the federal case accusing him of meddling in the 2020 US election has reignited a debate over when and how presidents are
In this article BTC.CM= CLSK Follow your favorite stocksCREATE FREE ACCOUNT An array of bitcoin mining units inside a container at a Cleanspark facility in College Park, Georgia, U.S., on Friday, April 22, 2022. Elijah Nouvelage | Bloomberg | Getty Images Bitcoin miner CleanSpark climbed on Tuesday after the company said it will acquire new
The major Puerto Rico Electric Power Authority bond parties asked the bankruptcy judge to adjourn or stay all bankruptcy proceedings due the potential profound implications of an anticipated First Circuit Court of Appeals decision on their appeal. U.S. District Court Judge Laura Taylor Swain said the existing confirmation schedule and related deadlines “remain in place
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar said it had received a “positive” response from Hamas to a proposed deal that would involve the release of Israeli hostages in Gaza and Palestinian prisoners in Israel, as well as a lengthy pause
Hawaii’s first-of-its-kind per-mile fee for vehicles marks the latest and most extensive effort yet among states seeking to offset the fading fuel tax. Signed into law by Gov. Josh Green last July, the law requires EVs to pay a per-mile charge or an annual fee by 2025 and will require all vehicles to pay a
Public-sector backers of a proposed bond-financed crude oil-transporting railway in Utah are turning to the U.S. Supreme Court and Congress in an effort to get the project back on track. The Seven County Infrastructure Coalition plans to seek the high court’s review of an August U.S. Appeals Court ruling that derailed the Uinta Basin Railway.
Illinois’ Commission on Government Forecasting and Accountability on Thursday released its Special Pension Briefing on the state-funded retirement systems’ fiscal 2023 actuarial reports. The report said the five pension systems’ unfunded liability climbed to a market value of $142.2 billion at the end of fiscal 2023 on June 30 from $139.8 billion in 2022, with
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. It was a dire January for Chinese stocks. After falling almost 10 per cent, Hong Kong’s Hang Seng stock index now trades around the same levels it did in 1997, when Tencent and Alibaba, two of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump cannot use presidential immunity as a shield against criminal charges over alleged interference in the 2020 presidential election, a US federal appeals court has ruled. In a unanimous decision handed down on Tuesday,
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Lynne Funk (00:03): Hello everyone and welcome to another Bond Buyer podcast. I’m Lynne Funk, executive
Enjoy complimentary access to top ideas and insights — selected by our editors. The top three co-managers in the ranking have an average dollar volume of more than $11.7 billion through the end of December 2023. The average number of issues for the top three is 460. Scroll through to see which co-managers are in
It was not long ago that the Tax Cuts and Jobs Act (TCJA), a historic tax-reform package, came together seemingly overnight and reshaped the U.S. tax code while also reshaping the municipal bond market by eliminating tax-exempt advance refundings. Once the dust settled, a retrospective review illuminated further near disasters, with Senate Republicans saving private
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Reconcile, if you can, the following statements. First, universal laws are just another form of western empire. While the US and its allies lecture developing countries about such rich-world frills as human rights, China and Russia
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT Adam Neumann, Founder and former CEO of WeWork. Eduardo Munoz | Reuters Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann, his startup Flow and Dan Loeb’s
“Did you ever have to make up your mind? Pick up on one and leave the other one behind?It’s not often easy, and not often kind.” The song by the Lovin’ Spoonful could describe the Scylla and Charybdis dilemma banks face during the war between red and blue state government finance officials over environmental, social
Corpus Christi is moving forward with Texas’ first seawater desalination treatment plant for municipal use with the aim of providing the Gulf Coast city a drought-proof water supply. In a 6-2 vote last week, the city council approved several measures including the issuance of $221 million of utility system senior lien revenue improvement bonds to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former UK chancellor Kwasi Kwarteng, whose name became synonymous with one of the most chaotic periods in recent British political history, has announced he will step down as an MP at the next general election.
Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. A Canary Wharf office building that fell into receivership last year is to be sold at a 60 per cent discount to its last sale price, in a sign of how sharply the value of
This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday The Federal Reserve revealed it was not itching to cut rates as early as March after its meeting last Wednesday, a view that will have been reinforced
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A Bank of England rate setter has warned that the central bank may be “underplaying the downside risks” for the UK economy as she called for immediate interest rate cuts because of weak consumer