The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Alibaba, Weibo Prep for IPOs in U.S.Alibaba and Weibo, two of China's biggest Internet companies, are moving to cash in on the red-hot U.S. market for new issues. Alibaba could seek to raise $15 billion, while Weibo filed for a $500 million offering. […]
- GoDaddy Prepares for IPOGoDaddy Group, the Internet company that helps individuals and businesses create websites, is preparing for an initial public share offering. […]
- Surge in Oil From U.S., Canada Helps Meet DemandThe dramatic increase in oil supply from the U.S. and Canada—coupled with a surprise surge in Iraqi output—helped stave off demand from a cold U.S. winter and nervousness about tension between Russia and Ukraine. […]
- Alibaba, Weibo Prep for IPOs in U.S.