In Fort Worth, gas boom fuels public outreach plan

(Reuters) - Huge hopes for gas production from the Barnett Shale, much of which lies directly under this city of 500,000, changed that, and residents have flooded city hall with questions.




In response, Mayor Mike Moncrief and industry officials have put together the Barnett Shale Energy Education Council to calm fears and help citizens respond intelligently.


Read more at Reuters.com Bonds News

Philadelphia Hospitals Lead Week's U.S. Tax-Exempt Borrowers as Sales Slow

(Bloomberg) -- U.S. state and local governments are
set to sell $2 billion of bonds this week, led by a group of
Philadelphia hospitals, as the July 4 holiday cuts the schedule
of new tax-exempt offerings to the second-lowest of the year.

The Hospitals and Higher Education Facilities Authority of
Philadelphia is planning to sell $230 million of bonds on behalf
of Temple University's hospital system, the largest offering of
tax-exempt bonds slated for the week, according to data compiled
by Bloomberg. A $3.6 billion bond sale by Puerto Rico was pushed
back until next week.


Read more at Bloomberg Bonds News

UPDATE 1-Path for generic biologics clears US Senate panel

(Reuters) - WASHINGTON, June 27 - A U.S. Senate panel voted
on Wednesday to set a path for generic drugmakers to seek
approval of cheaper, copycat versions of expensive
biotechnology medicines.




Brand-name manufacturers would receive 12 years of
exclusive marketing time before generic competition could start
under a bill that cleared the Senate Health, Education, Labor
and Pensions Committee by a voice vote.


Read more at Reuters.com Government Filings News

UPDATE 2-Corp bonds meet resistance on flood of high-yield sales

(Reuters) - NEW YORK, June 27 - A slew of companies were
required to restructure debt sales on Wednesday, as high
leverage and risky types of debt made investors reticent to
jump into a market flooded by leveraged buyout financings.




Dollar General Corp. , Nelson Education, the Canadian
publishing business of Thomson Corp. , and Community
Health Systems Inc. were all required to make changes
to their debt offerings. In addition, Magnum Coal Co. pulled
its $350 million junk bond deal due to weak market conditions,
according to Reuters Loan Pricing Corp. .


Read more at Reuters.com Mergers News

S.Africa unions hint may accept wage deal

(Reuters) - One of the biggest public sector unions taking part in a damaging wage strike in South Africa said on Wednesday it was ready to accept a pay offer from the government.

Members of the National Education Health and Allied Workers Union (NEHAWU) were due to vote on the motion later on Wednesday as union negotiators held another meeting with the government to try to resolve the strike, SAPA news agency said.


Read more at Reuters Africa