Stockton Wins Stay in Bankruptcy Amid Creditors’ Claims
U S Bankruptcy Judge Christopher Klein ruled Stockton California can stay in bankruptcy after finding the city negotiated in good faith with creditors like Assured Guaranty and Franklin Resources, while creditors failed to negotiate in good faith. The judge called negotiation a two way street and said Stockton was insolvent at filing.
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Midwest economy showing steady improvement amid modest sequestration impact
Creighton Universitys Mid-America Business Conditions Index rose to 58.2 in March from 53.1, signaling an improving regional economy. Ernie Goss credits new orders growth and rising inventories, with confidence indices up and a majority of firms reporting little to no effect from federal spending cuts.
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