Harrisburg is set to be the first city in three years to lease its parking operations, part of a plan to rid Pennsylvania’s insolvent capital of $363 million of debt from an ill-fated incinerator project. Click here to continue reading.
Another week without top tier government economic data forces market participants to look at secondary and tertiary barometers, as well as anecdotes. There’s no better place to appreciate the true underlying tone of the economy today than the Bloomberg Orange Book. Click here to continue reading.
by Elizabeth Krutoholow Anterior cruciate ligament or ACL reconstruction is more cost-effective than rehabilitation for treating tears, a common knee injury, according to a recent cost-utility analysis. Dr. Richard Mather, assistant professor, department of Orthopaedic surgery, Duke University Medical Center and lead author of the study said the study may aid in treatment decisions for [...]
Westpac Banking Corp. agreed to buy Lloyds Banking Group Plc’s Australian assets as tighter capital rules following the 2008 financial crisis prompt European and U.S. lenders to retreat from the Asia-Pacific region. To continue reading, click here.
Sales of U.S. structured notes tied to Bank of America Corp. have soared this year as issuance of securities linked to a single stock increases, with investors accepting higher volatility for potentially greater gains. Banks sold $259.2 million of notes tied to the Charlotte, North Carolina-based lender this year through Oct. 4, more than five [...]
Brevan Howard Capital Management LP has started an investment fund run by a team of former Deutsche Bank AG market strategists in New York, as Europe’s second-biggest hedge-fund firm expands its presence in the U.S. Click here to continue reading.
Meredith Whitney, who built her own Wall Street advisory firm after winning renown for a 2007 call on Citigroup Inc., deregistered her brokerage unit after three unprofitable years and is setting up an investment fund, according to industry records. Click here to continue reading sample article.
China is on the verge of gaining direct access to a second ocean from its mainland, a geopolitical gain that rarely occurs in an age of generally fixed country borders. The gain is due to years of infrastructure spending and a targeted international development project in Myanmar. China has been deeply involved with Myanmar’s port system and Irrawaddy River development. At the same [...]
The 19 percent increase in the Case-Shiller home price index since March 2012 is widely thought to have boosted the prospects for overall household spending via the “wealth effect” transmitted by rising prices and cash out efinancing. Cash out refinancing activity bottomed in the second quarter of 2011 when homeowners extracted $9.5 billion from their homes. Click here to continue reading.
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