New York

Former congressman and Bronx borough president Herman Badillo, who died Wednesday, was praised as a trailblazer and civil-rights leader.

The Long Island Power Authority has scrapped plans to build new gas-fueled power plants designed for the peak summer months.

New York City's Department of Housing Preservation and Development issues an RFQ for minority- and women-owned business enterprises to work on affordable housing.

Port Authority of New York and New Jersey released its proposed 2015 budget for public review eight days before a scheduled vote on the fiscal plan.

The Long Island Power Authority has had its debt ratings maintained by Standard & Poor's and Moody's Investors Service just before the utility is slated to issue roughly $800 million in new revenue bonds.

The Port Authority of New York and New Jersey is exploring alternatives to improve freight transportation across Manhattan waters and whatever plan is selected could impact future toll revenues in the region.

The New York State Common Retirement Fund's overall second quarter return was down 0.52% to $178.3 billion, Comptroller Thomas DiNapoli said.

New York's Metropolitan Transportation Authority should recraft its business model, a commission appointed by Gov. Andrew Cuomo said in a long-awaited report.

Wall Street deserves plaudits for reaching out to former military personnel, said Academy Securities president Phil McConkey, a former Navy veteran and NFL star.

Ronnie Lowenstein has been reappointed director of the New York City Independent Budget Office, the agency announced.

Fitch Ratings upgraded Nassau County's long-term debt to stable from negative citing expectations that the Long Island municipality will continue making "modest progress" reducing its budget deficit.

Alex Doñé and Neil Messing will oversee private equity and hedge funds, respectively, for New York City's asset management unit, Comptroller Scott Stringer said.

A positive review of Rockland County's 2015 budget by the New York State Comptroller is a credit positive for the large suburban government following years of deterioration, Moody's Investors Service announced Friday.

Lockport, N.Y. was kept at the lowest investment grade rating Wednesday by Moody's Investors Service citing challenges to replenish the city's fund and cash balance to "adequate levels."

The Port Authority of New York and New Jersey won a court battle against the Automotive Automobile Association's efforts to block a planned December toll hike.

New York MTA Chairman Thomas Prendergast and several board members called for a full-court press on Albany officials to fully fund its four-year capital program.

New York Assemblyman Phillip Goldfeder asked Gov. Andrew Cuomo to direct a portion of $5 billion in budget surplus to restore the abandoned Rockaway Beach rail line.

Standard & Poor's revised its outlook on BBB-rated Iona College to stable from negative, citing improved financial ratios as the Catholic school battles enrollment pressures.

New York's Metropolitan Transportation Authority unveiled its proposals late Monday to increase fares and tolls by 4% over the next two years.

Installing London- and Paris-style platform doors in New York subways could also provide a badly needed revenue stream, said one MTA board member.