| Jul 2, 2014
As investors enter the second half of the year, they are faced with a conundrum.
Continuing growth of the economy is on stock investors' side after lifting the Standard & Poor's 500 index 6 percent in the first half of the year, plumping up 401(k)...
| Jul 5, 2014
| 10:35 AM
Legg Mason plans to close a deal this month to restructure $650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
The money raised from...
| Jul 6, 2014
| 5:00 AM
It's a good bet that millions of Americans would be thrilled to earn just 5% again at the corner bank.
Good luck with that.
If interest rates are stuck near current low levels for years to come, as many Wall Street pros predict, investors and savers...
| Apr 1, 2014
| 9:52 PM
Willful and self-assured, Charles H. Keating Jr. strode through a life of outsized public roles — anti-pornography crusader, luxury hotel developer, political kingmaker — on his way to becoming one of the nation's most notorious corporate...
| May 9, 2014
| 12:34 PM
Burr Ridge trustees recently signed off on a $17.4 million spending plan for 2014-15 that is slightly higher than the prior year's budget of $17.3 million, according to documents.
Trustees also have directed staff to make several changes in an effort to...
| Mar 1, 2014
| 4:37 AM
The Lyons Township High School District 204 school board recently approved about $22.6 million in projects at both campuses, including the renovation of the Reber fine arts center and cafeteria at the north campus in La Grange and the science labs at...
| May 13, 2014
| 4:23 PM
Former Treasury Secretary Timothy Geithner's memoir, "Stress Test," is being picked apart fairly intensively by the Washington and Wall Street press gangs, who are busily retailing the book's snarks and slights.
We're more interested in a nugget in...
| Apr 9, 2014
| 7:31 PM
When it comes to meeting California's state pension obligations, everyone agrees that paying the bills is a challenge. But exactly how big is the "unfunded liability"? Pessimists and optimists throw out wildly different totals for the state's 80...
| Mar 28, 2014
| 11:17 AM
Park Ridge Finance Director Kent Oliven recently told aldermen that, as things currently stand, the city will have to raise its property tax levy by 16.38 percent, or $2.9 million, in December to cover the ballooning debt to a special taxing district used...
| May 14, 2014
| 6:20 PM
Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...
| May 8, 2014
| 8:28 AM
After a recent past that can only be described as rocky, the Broward School Board wants voters to approve an $800 million bond referendum this November.
I'm going to withhold final judgment for now, but let me clue in superintendent Robert Runcie and...