Corporate America’s most powerful lobby groups have called for patience as votes are counted in next week’s election, hours after President Donald Trump said it would be “totally inappropriate” if ballots were still being tallied after election day. The US Chamber of Commerce, the Business Roundtable and six other groups representing industries from retail to
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Kevin Mandia, CEO, FireEye  Scott Mlyn | CNBC Check out the companies making headlines midday after hours on Tuesday: Microsoft — Microsoft shares whipsawed after the tech giant reported better-than-expected results for the previous quarter. The company posted an adjusted profit of $1.82 per share on revenue of $37.15 billion. Analysts expected earnings per share
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Long Island’s Suffolk County received authorization to tap a little-used Federal Reserve program for two upcoming note deals, but expects only one will offer better rates than competitive bidding, the county comptroller said. Suffolk Comptroller John M. Kennedy said the county, which is eligible to use the Fed’s Municipal Liquidity Facility, is filing an application
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After entering 2020 with a $6 billion surplus, and working its way through several harrowing months, California is now in the hopeful phase, said Scott Wu, executive director of the California Infrastructure and Development Bank. “In some ways, the California story of 2020 resembles that of the rest of the country,” said Wu, a speaker
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Tuesday’s economic data again suggested strength in some areas and weakness in others, as a read of consumer confidence slipped, while durable goods orders gained more than expected, manufacturing rose, the services sector also improved, and home prices climbed. The consumer confidence index dipped in October to 100.9 from 101.3 in September, ending a two-month
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The Puerto Rico Oversight Board ordered the local government to stop implementing new laws that improve pension payments. Board Executive Director Natalie Jaresko sent the letter to Omar Marrero, executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority, on Oct. 21. The board released the letter and press statement Monday. Puerto Rico
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The Harley-Davidson LiveWire electric motorcycle Source: Harley Davidson Check out the companies making headlines in midday trading. Shopify – Shares jumped more than 4% after  the Canadian e-commerce company unveiled a partnership with TikTok to help its clients advertise on the Chinese social media platform The deal allows TikTok users to click on an ad
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Record-breaking new issuance, a 31% surge in taxable volume and the ability of the municipal industry to rapidly adapt to a work-from-home environment shows the resiliency of the municipal bond market amid the COVID-19 pandemic. The future of public finance is strong, three heads of public finance said at The Bond Buyer’s California Public Finance
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How effectively mass transit systems nationwide can serve riders coming out of the COVID-19 pandemic remains a huge variable. One example of the fluid landscape is the multiple scenarios the Massachusetts Bay Transportation Authority and its parent, the state Department of Transportation, posed for 2021 through 2023. The primary drivers are the evolution of the
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A leasehold mortgagee doesn’t necessarily need to meet a financial test. RANJAN SAMARAKONE Anyone negotiating a ground lease knows it must be financeable, i.e., it must contain provisions that will induce a lender to accept it as collateral for a substantial mortgage loan. Those provisions are well defined. In a few recent ground lease deals,
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