Paul Burton

A judge on Friday granted Highmark's motion for a preliminary injunction against West Penn Allegheny Health System, blocking the speculative-rated health system from seeking other suitors for an affiliation.

Hurricane Sandy gave New York's Metropolitan Transit Authority a harsh wake-up call about the need to fix infrastructure in the face of climate change.

City Council member James Diossa and former police Chief James Moran advanced in a five-way special nonpartisan mayoral primary in recently bankrupt Central Falls, R.I.

A federal judge will sentence David Dodd on felony counts related to the failed Capitol View Commerce Center project in Harrisburg, Pa.

The MTA's Triborough Bridge and Tunnel Authority should be able to absorb revenue losses from Hurricane Sandy closures, said Moody's, though liquidity could be further squeezed.

New York's MTA, restoring its subway and commuter rail systems after Hurricane Sandy's damage, will continue its flurry of bond activity this week.

Massachusetts ended its fiscal year with a $116 million surplus and boosted its rainy-day fund by 20%, to $1.7 billion. Its balance is the third-highest.

Pittsburgh officials say they have come so far from their basket-case days of nine years ago that they want a state agency to remove the "distressed" tag.

The Scranton, Pa., City Council introduced proposals to increase in the real estate transfer, business privilege and mercantile taxes for 2013.

Harrisburg's state-appointed receiver insists that selling the parking garages in Pennsylvania's capital city is still a better option than keeping them and using their revenue to pay down incinerator-related debt.

Moody's Investors Service issued an action plan for public finance issuers affected by Hurricane Sandy.

Regular weekday commuter rail service has returned to the Metro-North Railroad's New Haven line.

New York State Comptroller Thomas DiNapoli on Friday projected the state's economic damage from Hurricane Sandy could exceed $18 billion.

Rhode Island is suing the owner of failed video-game company 38 Studios over a $75 million loan guarantee the state's economic commission provided the company.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

A court hearing on a dispute between Highmark Inc. and West Penn Allegheny Health System Inc. over their failed $475 million merger agreement will continue Thursday in Pittsburgh.

Hurricane Sandy is obviously affecting the timing, but Connecticut was scheduled to go to market this week with its $400 million general obligation bond sale.

Rhode Island officials, speaking after Moody's Investors Service elevated the bond rating of Central Falls, envision brighter days for the once-bankrupt city.

Gov. Lincoln Chafee and the Rhode Island Economic Development Corp. approved a measure to lower the corporate income tax rate for Alexion Pharmaceuticals Inc.

Raising the base fare on New York subways and buses to $2.50 is the most likely fare-increase scenario, said Joseph Lhota, chairman of the Metropolitan Transportation Authority.