Paul Burton

Executives from video-game company 38 Studios LLC admitted in bankruptcy court that their breakthrough game fell short of expectations.

Central Falls could exit bankruptcy by early September under a schedule to which unions, retirees and a bankruptcy judge agreed.

New York City Comptroller John Liu urged Mayor Michael Bloomberg to quickly identify senior administration officials responsible for orchestrating and overseeing the illegal lobbying activities at the city's Economic Development Corporation.

The state expands its pool of underwriters interested in negotiated sales by 35%, according to Treasurer Steven Grossman.

But the teetering city, frozen out of the capital markets and under national glare for paying employees the minimum wage in defiance of a court order, must agree to a revised recovery plan.

The broke city has yet another problem. It can't sell its sewer conveyance system to a local authority, as projected, because the authority has owned it since 1968.

William Lynch wants a state court to force the City Council to raise the earned-income levy to 1.5% from 0.5%.

The Council of Development Finance Agencies recognizes the Massachusetts conduit issuer for crafting a tax-exempt bond for the school's Gateway Park research complex.

The Massachusetts Port Authority, which needs to shuffle gates at Boston's airport to accommodate the United-Continental merger and JetBlue expansion, plans to sell $285 million in new money and refunding.

State building aid payable to the city secures the bonds under the School Financing Act.

Linda Thompson proposes ending a five-year old incinerator fee agreement with the Harrisburg Authority public works agency that she said would redirect $275,000 per year to Pennsylvania's distressed capital city.

A Lackawanna County, Pa., judge late Friday enjoined Scranton from paying its employees only the federal minimum wage, but the mayor of the cash-strapped city said there's no money left with which to comply.

Northeast public officials are glancing westward for any precedent that could emerge from that northern California city's bankruptcy filing.

The law firm taps a former key operative for the Dormitory Authority of the State of New York, perennially a top issuer.

Fitch Ratings has revised its outlook for West Warwick, R.I.'s general obligation bonds to negative from stable, while affirming its rating of $13 million of debt at BBB-plus.

Penn State University will endure the "trauma and potential credit stress" from the child sex-abuse conviction of former assistant football coach Jerry Sandusky and expected claims, Janney Capital Markets said.

A law calling for more state oversight of financially distressed Pennsylvania school districts is a credit positive, according to Moody's Investors Service.

The New York City Housing Development Corp. has approved nearly $250 million of housing bonds to finance three new developments and preserve and renovate eight others.

Eric Schneiderman announces an agreement with the New York City Economic Development Corp. and two other organizations after alleging an illegal push for projects at Willets Point and Coney Island. No penalties or fines were involved.

Budget director Benjamin Barnes, backing a new law that Treasurer Denis Nappier opposes, said enabling a state agency to sell University of Connecticut bonds opens up possibilities for the flagship[ university.