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On the eve of a critical vote by the Memphis City Council, a report from Moody's Investors Service gives a "negative" outlook to its Aa3 rating of $23.6 million in revenue bonds the city plans to use to finance the purchase of AutoZone Park and improvements to it.
JPMorgan Chase & Co. had a hearing behind closed doors with a Pennsylvania judge in its bid to keep secret a draft of a government lawsuit related to its $13 billion settlement with the U.S. as well as the identity of an employee who cooperated in a federal probe.
Western Union Co., whose pre-Civil War telegraph technology was overcome by faxes, e-mail and mobile phones, is poised to tap the debt market as it faces stock owners with shares mired at 2008's level.
The new ability-to-repay rule is designed to remove credit risk from the mortgage market, but investors in residential mortgage-backed securities should brace for higher potential losses in new private-label RMBS issuance backed with this kind of collateral.
State and local governments are going into 2014 with a brighter outlook than they've had in years, according to a pair of credit rating agencies, though they disagree on the situation for local governments.
New York oil prices rallied, boosted by news that part of a major US pipeline would open next month and ease oversupplied inventories in the world's top crude consumer.
Service industries in the U.S. expanded at a slower pace than forecast in November, showing uneven progress in the biggest part of the economy.
With a vote on its 2014 county budget set for Thursday, Rockland County has caught a second important credit rating break.
U.S. job growth likely remained solid in November, with the unemployment rate falling, which could bring the Federal Reserve a step closer to curtailing its massive monetary stimulus.
NCR, the 129-year-old maker of cash registers and other payment-processing systems, agreed to acquire Menlo Park-based Digital Insight for $1.65 billion to gain software for online and mobile banking.
It's not much compared to the real thing but virtual gaming stands to generate $250 million to $500 million in gambling revenues in New Jersey in its first year, which is good news for the state's credit standing, according to Moody's, the ratings firm.
Atlantic City 's borrowing costs have risen as much as 21 percent since 2012 as the New Jersey gambling resort increases debt to refund property-tax bills appealed by casinos struggling with a seven-year business slump.