AUSTIN, Texas—-Fitch Ratings assigns an ‘A+’ rating to the Port of Beaumont Navigation District, Texas $15.6 million general obligation refunding bonds, series 2009. In addition, Fitch affirms the ‘A+’ rating on the district’s $3.3 million outstanding GO bonds .
Monthly archives for April, 2009
Consumer spending, new jobless claims dip (AP)
Consumer spending fell more than expected in March after two straight monthly gains, a stark reminder of a fragile economy that has pushed a record number of Americans to draw jobless benefits.
Fitch Rates Norfolk, Virginia’s $72.3MM GO Bonds ‘AA’; Outlook Stable (Business Wire)
NEW YORK—-Fitch Ratings assigns an ‘AA’ rating to Norfolk, Virginia’s $72.3 million general obligation bonds, consisting of $54.8 million GO capital improvement bonds, series 2009A and $17.5 million GO refunding bonds, series 2009B .
Validus Holdings, Ltd. Announces Revised Time Schedule for Its First Quarter 2009 Financial Results (Business Wire)
HAMILTON, Bermuda—-Validus Holdings, Ltd. today announced that it has changed the date and time on which the Company will release its financial results. The Company now plans to release its financial results for the first quarter ended March 31, 2009 after the close of trading on the New York Stock Exchange on Monday, May 4, 2009.
Chrysler to find out if bankruptcy filing needed (AP)
Chrysler LLC will survive. On Thursday the No. 3 U.S. automaker finds out if it will do so with or without a trip to bankruptcy court.
Ala. governor vetoes small-town alcohol bill (AP)
Gov. Bob Riley has vetoed a bill that would allow towns with populations as small as 1,000 residents in dry counties to vote to legalize the sale of alcohol.
German jobless unchanged in April at 8.6 percent (AP)
Germany’s unemployment rate was unchanged in April at a seasonally unadjusted 8.6 percent as the number of people out of work declined only minimally, an unusual development for the spring month, according to government figures released Thursday.
Oil jumps above $51 on optimism recession slowing (AP)
Oil rose above $51 a barrel Thursday in Asia as investors took heart from optimistic comments from the U.S. Federal Reserve that the worst recession in decades is likely easing.
Singapore unemployment jumps to 3.2 percent (AP)
The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state’s exports and sparked manufacturing layoffs.
Obama ‘hopeful’ for deal as Chrysler talks go on (AP)
Chrysler will take on Fiat as a partner and avoid death, but whether or not it heads into bankruptcy protection depends on eleventh-hour negotiations with its creditors that apparently continued into Thursday, according to people briefed on the talks.