Paul Burton

Highmark has sued West Penn Allegheny Health for calling off their $475 million merger, calling the action a contract breach and "a flight from reality."

Connecticut Gov. Dannel Malloy and the U.S. Department of Transportation announced the release of $121 million for the New Haven-Hartford-Springfield rail program.

Harrisburg, Pa., has enough cash through November and delaying payments to some vendors could help it make through the end of the year, a state official said.

Rhode Island's state-appointed receiver has scheduled two auctions this month for the assets of failed video-game company 38 Studios.

Moody's placed the Caa1 rating of West Penn Allegheny Health System, one of the top speculative-grade issuers, under review after a merger fell through.

Pennsylvania, the latest state to issue unemployment compensation revenue bonds, plans to go to market Monday and Tuesday with $2.6 billion.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

Bond-rating downgrades to Pennsylvania communities will outpace upgrades over 12 to 18 months as local governments continue to face credit pressure, according to Moody's.

Mayoral election dates are set in Central Falls, R.I. where Mayor Charles Moreau resigned after pleading guilty in a kickback scheme.

Harrisburg City Council member Brad Koplinski introduced legislation to allow the sale of the city's Wild West artifacts to proceed.

The Allegheny County Airport Authority, Pa. is requesting bids for natural-gas drilling at Pittsburgh International and Allegheny County airports.

New York City announced plans to build the world's biggest ferris wheel and a designer outlet complex next to the ferry terminal on Staten Island.

After a raucous public speaking session and sniping between chairman Joe Lhota and board member Charles Moerdler, New York's MTA tweaked its advertising policy and meeting schedule.

Rhode Island's Health and Educational Building Corp. sold $15 million in bonds for health projects and safety repairs for schools in distressed East Providence.

The New York City Housing Authority has announced plans to build private housing on its underused land and tap a HUD program for $500 million in bond money.

Allegheny County, Pa., whose seat is Pittsburgh, will sell $169 million in general obligation bonds, with officials relieved over no rating downgrade.

In the aftermath of the 38 Studios fiasco, a study calls for reorganizing the Rhode Island Economic Development Corp. under a new commerce secretary.

New York's Metropolitan Transportation Authority plans to continue its aggressive borrowing with $3.1 billion in bond sales over the next three months.

The finance committee of New York's MTA authorized an increase in the amount of fuel-hedging capacity, which budget officials say minimizes volatility.

Public hearings on the debt structure of the Harrisburg, Pa., incinerator retrofit project have been rescheduled for Oct. 4.