Edition:
United Kingdom

Karen Pierog

U.S. Supreme Court declines to hear Puerto Rico bonds dispute

13 Jan 2020

The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal bond market over payments on special revenue bonds that grew out of Puerto Rico's ongoing bankruptcy.

Fed's Evans says there could be no interest rate changes this year

09 Jan 2020

MILWAUKEE The U.S. Federal Reserve could go through 2020 without altering its current stance of monetary policy and it would take a slowdown in economic growth to change that path, Chicago Fed President Charles Evans said on Thursday.

Illinois pension consolidation law will help cities, but nagging liabilities remain

18 Dec 2019

CHICAGO Legislation signed into law on Wednesday by Illinois Governor J.B. Pritzker to consolidate 649 local public safety worker retirement systems is a positive step, but will not end funding problems for cities, credit rating agency analysts said.

Illinois pension consolidation law will help cities, but nagging liabilities remain

18 Dec 2019

CHICAGO, Dec 18 Legislation signed into law on Wednesday by Illinois Governor J.B. Pritzker to consolidate 649 local public safety worker retirement systems is a positive step, but will not end funding problems for cities, credit rating agency analysts said.

Chicago mayor rejects Uber's alternative tax proposal

13 Nov 2019

Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc to tax ride-hailing services, accusing the company of trying to resist any type of regulation by stirring up racial tensions.

Chicago mayor rejects Uber's, Lyft's alternative tax proposal

13 Nov 2019

CHICAGO/NEW YORK Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc and Lyft Inc to tax ride-hailing services, accusing Uber of trying to resist any type of regulation by stirring up racial tensions.

UPDATE 1-Chicago mayor rejects Uber's, Lyft's alternative tax proposal

13 Nov 2019

CHICAGO/NEW YORK, Nov 13 Chicago's mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc and Lyft Inc to tax ride-hailing services, accusing Uber of trying to resist any type of regulation by stirring up racial tensions.

Chicago mayor avoids property tax hike to fill big budget hole

23 Oct 2019

CHICAGO, Oct 23 An $838 million funding hole in Chicago's upcoming budget would be filled with a combination of cost-saving and revenue-raising measures, not a big property tax hike for now, Mayor Lori Lightfoot told the city council on Wednesday.

Chicago mayor eyes big bond refunding to save $200 million for budget

21 Oct 2019

CHICAGO Chicago would refund $1.3 billion of outstanding debt to produce a one-time, $200 million savings to help plug a big hole in its upcoming budget, city officials said on Monday

Wisconsin county to lock in long-term financing for Foxconn project

18 Oct 2019

CHICAGO Wisconsin's Racine County next week will lock in $110 million, 20-year financing for a major development by Taiwan's Foxconn Technology Group that has undergone changes in scope since it was announced in 2017, the county and a bank underwriting the bonds said.

World News