New York

The failure of Long Island’s Dowling College placed distressed higher education institutions in the spotlight, prompting a call from one of the most powerful U.S. senators for a credit warning system for students.

The board of New York’s Metropolitan Transportation Authority on Wednesday authorized a bond offering to monetize a portion of the 99-year lease payments from Hudson Rail Yards commercial and residential development.

Five new members, including two appointed by New York Mayor Bill de Blasio, have joined the New York MTA board.

Three new casinos in Upstate New York have paid $151 million in licensing fees that are being split among municipalities where the gaming facilities are being built, Gov. Andrew Cuomo announced Tuesday.

The Metropolitan Transportation Authority’s Finance Committee on Monday gave its approval to send a bond offering to the MTA board for a final vote on Wednesday.

A record 58.3 million people came to visit New York City in 2015, according to a report from New York State Comptroller Thomas DiNapoli.

Moody's placed Yankee Stadium's Baa3 rating under review for upgrade, affecting roughly $1.26 billion of debt outstanding.

The $82.1 billion budget New York City adopted for fiscal 2017 is a slight credit positive for the next two years, says S&P Global Ratings.

The Dormitory Authority of the State of New York recently completed what it called its largest offering for a private client in 72 years with an $829 million bond sale for New York University.

Moody's upgraded the rating of the Mets' Citi Field bonds out of junk to Baa3 from Ba1, citing the team's World Series appearance last year.