Yvette Shields

A Cook County Circuit Court judge rejected Chicago's efforts to trim the size of a $58 million arbitration award won by the private operators of four downtown city and park district-owned parking garages.

Illinois Democratic gubernatorial candidate William Daley, former White House chief of staff, bowed out of his challenge to incumbent Pat Quinn, a fellow Democrat.

Wisconsin-based Meriter Hospital's steep losses at its affiliated for-profit health plan prompted Moody's Investors Service to downgrade its rating by one notch to A2 and the agency warned of further deterioration by assigning a negative outlook.

Standard & Poor's put Chicago on notice Monday that its A-plus general obligation rating faces a downgrade due to the size of its unfunded pension obligations and the strain of a looming $600 million spike in its pension contributions.

Less than half of state pension plans met Morningstar Inc.'s threshold for healthy status in 2012 with Wisconsin again ranking the strongest and Illinois the weakest.

A judgment in a New Jersey civil lawsuit shouldn't impede the ability of the Minnesota Vikings' owners to finance their contribution to a football stadium, a public review found.

After his veto of a tax relief package was sustained, Missouri Gov. Jay Nixon released $215 million of $400 million in budgeted funds he had previously withheld.

A bankruptcy judge confirmed American Airlines’ reorganization plan but its exit from Chapter 11 depends on resolution of the antitrust lawsuit against its merger with US Airways Group.

Nine states prevailed in arbitration with the tobacco companies in a dispute over the 1998 master tobacco settlement, providing a boost for those with outstanding tobacco bonds.

Missouri Republicans failed to override Democratic Gov. Jay Nixon's veto of a tax cut package.

The Illinois Finance Authority advanced borrowing plans by Presence Health and several other elementary and higher education institutions totaling more than $400 million this week.

Chicago Mayor Rahm Emanuel voiced support for his chief financial officer Lois Scott this week, following reports highlighting her past business ties to former comptroller Amer Ahmad, who faces federal corruption charges tied to his tenure as deputy Ohio Treasurer.

A political landscape marked by anti-privatization sentiments may have left Chicago Mayor Rahm Emanuel little choice but to drop the city's bid to lease Midway International.

The Ramsey County, Minn., Board has approved placing a bid for the struggling Vadnais Heights sports complex financed with $27 million of now defaulted bonds.

Minnesota Vikings owner Zygi Wilf can cover his share of a new $975 million football stadium despite a hefty judgment civil lawsuit, according to a Minnesota Sports Facilities Authority-ordered examination.

Kathleen L. Brown, former California State Treasurer and Goldman Sachs' retired Midwest chair for investment banking, is joining the Los Angeles office of Manatt Phelps & Phillips LLP.

Chicago cancelled its effort to privatize Midway International Airport after bidders dropped out and it became clear the city might not fetch the money it sought for the public-private partnership.

Midwestern financial advisory firm Columbia Capital Management LLC hired veteran public finance banker and advisor Courtney Shea to lead its push for Chicago area and state of Illinois business.

Warning that the state's top ratings and spending on public services are endangered, Missouri Gov. Jay Nixon campaigned against a possible override of his veto of a tax cut bill.

Increased debt service from Illinois’ recent round of borrowing is coming closer to exhausting revenues available in a special capital projects account, a report said.