A New Jersey town and owners of the American Dream mall colluded to reduce the assessed value of the shopping and entertainment complex in a move that now jeopardizes repayment of $800 million in municipal debt, bondholders alleged in a lawsuit.
A New Jersey town and owners of the American Dream mall colluded to reduce the assessed value of the shopping and entertainment complex in a move that now jeopardizes repayment of $800 million in municipal debt, bondholders alleged in a lawsuit.
Indoor ice skating rink at the American Dream mall in East Rutherford, New Jersey. Photographer: KENA BETANCUR/AFP
A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused Pennsylvania public school teachers to make millions of dollars in extra contributions to their pension fund.
A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused Pennsylvania public school teachers to make millions of dollars in extra contributions to their pension fund.
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks are also climbing, according to S&P Global Inc.
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks are also climbing, according to S&P Global Inc.
Traders work during the BitGo initial public offering (IPO) on the floor at the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 22, 2026. BitGo Holdings Inc. shares are indicated to open at $21.50 each on Thursday, about 19% above the initial offering price of $18 each. Photographer: Michael Nagle/Bloomberg
Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, skipped its second interest payment on $1.2 billion of subordinate municipal bonds.
Brightline Trains Florida, the Fortress Investment Group-backed passenger railroad, skipped its second interest payment on $1.2 billion of subordinate municipal bonds.
Nicolas Petrovic is staking his reputation on turning around Brightline Holdings LLC as he takes over as chief executive officer of the struggling private rail operator.
Nicolas Petrovic is staking his reputation on turning around Brightline Holdings LLC as he takes over as chief executive officer of the struggling private rail operator.
A Brightline train in Miami, Florida, US, on Thursday, Feb. 1, 2024.
Pawtucket, Rhode Island’s bet that a new 10,500-seat soccer stadium along the Seekonk River can jump-start its fading mill-town economy has already paid off handsomely for one boutique investment firm.
Pawtucket, Rhode Island’s bet that a new 10,500-seat soccer stadium along the Seekonk River can jump-start its fading mill-town economy has already paid off handsomely for one boutique investment firm.
A US Open Cup game at Centreville Bank Stadium in Pawtucket on May 7, 2025. Photographer: Mark Smith/ISI Photos/USSF/Getty Images
Aging baby boomers are boosting the senior living sector, just a few years after the Covid-19 pandemic pushed almost 100 facilities funded by municipal bonds into default.
Aging baby boomers are boosting the senior living sector, just a few years after the Covid-19 pandemic pushed almost 100 facilities funded by municipal bonds into default.
Democratic Mayor-elect Zohran Mamdani, facing a deficit of as much as $10 billion in the next fiscal year, named a veteran of three mayoral administrations as New York City’s budget director.
Democratic Mayor-elect Zohran Mamdani, facing a deficit of as much as $10 billion in the next fiscal year, named a veteran of three mayoral administrations as New York City’s budget director.
Brightline, the private rail line between Miami and Orlando, said it’s considering issuing $100 million in additional debt for operations and to pay potential legal claims, according to its latest ridership and revenue report.
Brightline, the private rail line between Miami and Orlando, said it’s considering issuing $100 million in additional debt for operations and to pay potential legal claims, according to its latest ridership and revenue report.
A California hospital about 70 miles north of Sacramento filed for Chapter 11 bankruptcy Monday after failing to sell itself or secure an affiliation with a larger hospital system.
A California hospital about 70 miles north of Sacramento filed for Chapter 11 bankruptcy Monday after failing to sell itself or secure an affiliation with a larger hospital system.
Fortress Investment Group plans to sell two resorts on St. Thomas in the US Virgin Islands through a deal that will be financed by municipal bonds, and which will allow the territory to ultimately acquire the property.
Fortress Investment Group plans to sell two resorts on St. Thomas in the US Virgin Islands through a deal that will be financed by municipal bonds, and which will allow the territory to ultimately acquire the property.
Fortress Investment Group’s Frenchman's Reef hotel in the US Virgin Islands. Source: Fortress Investment Group
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