Standard & Poor’s Global Ratings (“S&P”) boosted Norfolk’s ratings outlook from stable to positive and joined Fitch Ratings (“Fitch”) and Moody’s Investors Service (“Moody’s”) in affirming the strong credit rating on the City’s existing long-term ratings. S&P highlighted Norfolk’s “strong economy,” its “very strong budgetary flexibility and strong budgetary performance” and “very strong management, with … Continue reading
Tag Archives: bond
Petersburg pays Virginia Resources to prevent shutdown
PETERSBURG, Va. (AP) — Petersburg has made a $1.4 million bond payment to the Virginia Resources Authority in an effort to prevent local government services from being shut down. Virginia Deputy Secretary of Administration Gina M. Burgin tells the Richmond Times-Dispatch (http://bit.ly/2cyQ5vq ) that the funds were received Friday, about one week before the Oct. … Continue reading
US stocks move little in early trading
NEW YORK (AP) — U.S. stocks moved little in early trading as investors weighed a report on unemployment benefits and corporate news. Oil prices posted another strong gain Thursday, lifting energy stocks. The Labor Department reported that applications for unemployment benefits rose slightly last week, but they remain at levels consistent with a healthy job … Continue reading
US stocks open higher as oil rebounds, banks rise
U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. … Continue reading
Depot and other big retailers helped nudge stocks slightly higher in afternoon trading Tuesday
Encouraging quarterly results from Wal-Mart Stores, Home Depot and other big retailers helped nudge stocks slightly higher in afternoon trading Tuesday. The major stock indexes pared some of their gains from earlier in the day but were on course to close higher for the second day in a row. Investors also weighed new economic data … Continue reading
Spartan Echo 