April 28 (Bloomberg) -- U.S. municipal borrowers from New York to Los Angeles pushed down yields on auction-rate bonds to the lowest since February by moving to eliminate $55.3 billion, or 33 percent, of the debt they had in the market.

New orders for long-lasting U.S. manufactured goods rose unexpectedly in June on a surge in defense orders, while a gauge of business investment was also higher than forecast in signs of economic resilience, a government report showed on Friday.

By Yudislaidy Fernandez Recent losses of mortgage giants Fannie Mae and Freddie Mac have led the City of Miami to stop adding investments in the two mortgage-market dominators, though it plans to continue to keep a quarter of its investment portfolio in t

Global bank HSBC said Monday that first-quarter profits climbed, despite taking a 3.2-billion-dollar (2.07-billion-euro) hit from its exposure to the US subprime housing market slump.

So that’s it then? The global credit crisis is over? A recent Globe and Mail headline suggested as much. So too does the idea that the Bank of Canada is closing its emergency lending windows to banks.