Paul Burton

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.

Connecticut officials celebrated the completion of the Arrigoni Bridge overhaul two months ahead of schedule.

A sale of $112.5 million of revenue bonds will finance renovations at the New York Aquarium, including a new shark building, and the Bronx Zoo.

Fitch Ratings lowered West Penn Allegheny Health System's $737 million revenue bonds CCC from B-plus, citing uncertainty over its proposed Highmark affiliation.

Scranton, Pa., officials have asked a court to let it borrow an additional $9.75 million, citing the need to plug further unexpected gaps by the end of the year.

The Harrisburg, Pa., City Council cried uncle, doubling the city's earned-income tax to 2% in a move state-appointed receiver William Lynch had sought.

Moody's Investors Service downgraded the long term rating of Pennsylvania's State System of Higher Education to Aa3 from Aa2, affecting $1.5 billion of debt.

Cranston, R.I., Mayor Allan Fung conveyed a sense of urgency in advance of a special City Council meeting on his proposal to reduce pension benefits for retirees.

The second scheduled auction of property belonging to Curt Schilling's failed video-game company 38 Studios will be held in Providence Tuesday.

The sudden breakup of hospital operator West Penn Allegheny's affiliation with insurer Highmark heightens uncertainty over hundreds of millions in bonds in a turnabout driven by adulterous sex and violence.

New York City Comptroller John Liu launched a website to enable workers paid less than the prevailing wage on city public works projects to search online for the money they are owed.