Debt Market

Fitch downgrades Airport Authority bonds

Credit agency Fitch this week downgraded its rating on Burbank-Glendale-Pasadena Airport Authority bonds, but noted the airport is in healthy financial shape overall. The agency dropped its rating to A+ from AA- on $53.5 million worth of outstanding 2005...

Tags: Southwest Airlines Co., Air Transportation Industry, Bob Hope, Credit and Debt, Finance

Berlin realizes savings through debt refinancing

Daily American Staff Writer

In an effort to reduce spending, school board members agreed to refinance the district's debts from a 2005 renovation project. In 2005, bonds were issued to pay for renovations to the middle and high school buildings. A new cafeteria and renovations to...

Tags: Bonds, Local Government, Credit and Debt, Economy, Business and Finance, Finance

Stocks begin to rise

Slight improvements in Europe’s troubled debt markets and China’s economy were enough to lift stocks on Tuesday. The Dow Jones industrial average rose as many as 151 points in the morning before fading to a 60-point gain at the close. Debt...

Tags: Europe, David Kelly (actor), Companies and Corporations, Finance, Lions Gate Entertainment Corporation

Moody's Downgrades State Bonds; Malloy Chief Complains

After the largest tax increase in Connecticut state history, a key Wall Street rating agency downgraded the state's bonds Friday as the state is teeter-tottering toward a deficit in the current fiscal year. The  Moody's  Investors Service rating agency...

Tags: Interior Policy, Politics, Lehman Brothers Holdings Inc., Stamford, Finance

Europe's problems hit home for some in Maryland

Kirk-Habicht Co. in Essex doesn't do much business in Europe, but problems on the continent are buffeting the manufacturer all the same. Its employees rely on a heavy wire to make springs tough enough for trucks, and the only plant they know of that...

Tags: Europe, Gaithersburg (Montgomery, Maryland), Exports, Politics, Anirban Basu

Anne Arundel schools chief releases nearly $1 billion FY 2013 budget

The superintendent of Anne Arundel County's public schools has proposed a nearly $1 billion operating budget for the 2013 fiscal year, about $50 million more than the system was allotted this year. "We have been good fiscal stewards of the money...

Tags: Teaching and Learning, Budgets and Budgeting, Credit and Debt, Anne Arundel County, Finance

Growing debt a big holiday concern

Daily American Sunday Editor

The holidays can be a stressful and expensive time with traveling, throwing parties, buying gifts and other expenses adding up. Sliding into debt is all too easy with the temptation of sales and the lure of credit. Proper planning can keep consumers from...

Tags: Services and Shopping, Holidays, Credit and Debt, Homes, Consumers

Washington County Commissioners advised to invest $444 million in capital improvements

heather.keels@herald-mail.com

Budget advisers are recommending that Washington County make about $444 million worth of investments in capital projects such as schools, roads and bridges over the next decade. That’s after the Capital Improvement Plan Committee cut about 40...

Tags: Budgets and Budgeting, Credit and Debt, Economy, Business and Finance, Finance, Loans

Village tax levy to increase 1.5 percent, library levy to stay flat

No quick fix: Getting out of debt requires patience — and help

After his mother's death six years ago, Doug Hamilton says, his financial life spiraled out of control. He spent freely, didn't pay his bills on time and had creditors calling him at work. Marlena Clay-Boone says her financial problems started as her...

Tags: Credit and Debt, Consumers, Career and Workplace, Finance, Verizon Communications