Fitch Rates Cobb County, Georgia’s $113.5MM TANs ‘F1+’; Affirms GOs at ‘AAA’ (Business Wire)
NEW YORK—-Fitch Ratings takes the following actions on Cobb County, Georgia’s :
Unemployment benefit cuts, higher taxes projected (AP)
Benefits paid to suffering unemployed workers will have to be cut and taxes on struggling businesses will have to go up to pay for a staggering number of claims due to the recession, Wisconsin lawmakers were told Wednesday.
House Democrats ban earmarks to corporations (AP)
House Democratic leaders announced Wednesday that they will ban the much-criticized practice of using annual spending bills to direct pet projects to companies that often return the favor with campaign contributions.
Solartech, First American Owned Solar Panel Manufacturer in Eastern U.S., Coming to TechCity (Business Wire)
KINGSTON, N.Y.—-Assemblyman Kevin Cahill joined with Congressman Maurice Hinchey, NYSERDA President Francis Murray, and CEO of the Solar Energy Consortium Vincent Cozzolino to announce that solar module manufacturer, Solartech Renewables, LLC will open a new manufacturing facility at TechCity.
Treasurys dip ahead of auction (CNNMoney.com)
Treasurys traded lower Wednesday morning ahead of a government auction of $21 billion in 10-year notes.
IRS employee in USVI charged with embezzlement (AP)
An Internal Revenue Service worker in the U.S. Virgin Islands has been charged with defrauding the federal government of more than $100,000 by filing nearly three dozen false tax returns.
Stock futures narrowly mixed ahead of opening (AP)
Investors are continuing to search for direction Wednesday, after two days of relatively flat trading. Stock futures are narrowly mixed.
Strong China trade data make case for firmer yuan (Reuters)
Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world’s third-largest economy and reinforcing the case for a rise in the yuan.