Exceptions for manual trades and limited trading activity are crucial if the Municipal Securities Rulemaking Board’s amendments to Rule G-14, its controversial move to a one-minute reporting standard from the current fifteen minute window, is adopted by the Securities and Exchange Commission. That’s according to comments submitted to the SEC, which ranged from cautious acceptance
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Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished Friday at all-time highs, and we belive the others show promise for patient investors. 1. Eaton Electrical power management company Eaton posted a
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels has ramped up its fight against any anti-competitive behaviour by Big Tech giants but the response from some in the European start-up community might not be what regulators have been expecting. Last month, Amazon
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Paulina Woo was named senior director of treasury management in Western Alliance Bank’s corporate finance and public and nonprofit finance groups. In her new role, Woo, who is based in Phoenix, will lead teams that tailor banking solutions for municipalities, local governments, nonprofit organizations, corporations and institutional investors. “Western Alliance Bank provides a distinctive set
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Austin, Texas, officials are heading to court to seek validation for a controversial issuance of bonds to help fund a multi-billion-dollar light-rail project. The Austin City Council on Thursday authorized the move, as well as amendments to an agreement with the Austin Transit Partnership (ATP), a corporation created by the city and its Capital Metro
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In this article JBLU Follow your favorite stocksCREATE FREE ACCOUNT JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023.  Benoit Tessier | Reuters Company: JetBlue Airways (JBLU) Business: JetBlue is a New York-based airline company serving over 100 destinations across the United
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jailed opposition leader Alexei Navalny has died in a maximum-security prison in the country’s far north, Russia’s prison service has said. Navalny, 47 — President Vladimir Putin’s most prominent opponent and a fierce critic of
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Sparse secondary trading and the long holiday weekend allowed municipals to outperform U.S. Treasuries and corporates Friday as the dearth of primary issuance has kept investors engaged without demanding as much concession despite volatility. Triple-A yields were slightly cheaper on the short end while UST yields rose up to nine basis points on the short
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The Financial Industry Regulatory Authority has censured and fined Morgan Stanley $1.6 million for failing to close out 239 inter-dealer transactions within twenty days, as well as for failing to obtain physical possession of 247 short positions. In doing so, the banking giant violated MSRB Rule G-12(h) on uniform industry practices, MSRB Rule G-27 on
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Alexei Navalny, the Russian opposition activist who has been the most prominent critic of President Vladimir Putin’s regime for much of the past decade, has died in a remote Arctic penal colony aged 47, according to prison authorities. A firebrand campaigner for what he called the “beautiful Russia of the future”, Navalny’s detailed investigations exposing
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The Puerto Rico Oversight Board has brought on David Brownstein, who spent more than three decades at Citi with a focus on derivatives, distressed issuers and debt restructurings, as a restructuring advisor on its plan of adjustment for the Puerto Rico Electric Power Authority. Brownstein’s new boutique restructuring advisory firm, BGC Partners Advisory LLC, entered
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels should incentivise Europe’s defence industry to ramp up production and promote consolidation, the president of the European Commission has said, as she warned that the “world has got rougher”. Ursula von der Leyen said
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