Markets

The region's manufacturing sector expanded in May, but at a faster pace than in April, as the general business conditions index increased to 38.8 from 22.0 in April, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Initial claims for U.S. state unemployment benefits fell by 4,000 to 232,000 in the May 13 employment survey week, below the 240,000 level analysts expected, data released by the Labor Department Thursday showed.

Lumesis, Inc. has announced the launch of a new platform for municipal issuers and those serving them, including dissemination agents, bond counsel and municipal advisors.

The Jekyll Island Authority Board on Monday approved the acceptance of a state-issued general obligation bonds of $1.6 million for disability access improvements in the island's historic district.

Municipal bonds rallied along with Treasuries on Monday as stocks swooned on growing political unrest in Washington and the District of Columbia sold over $550 million of general obligation bonds.

The University of Colorado's bond rating has been upgraded, indicating to investors financial stability for CU's current and future bonds, according to a Tuesday press release.

S&P joined Moody's and Fitch in downgrading Connecticut.

A budget subcommittee has authorized the Nevada Department of Transportation to sell $180 million in bonds to complete Project Neon highway improvements in Las Vegas.

The V.I. Water and Power Authority will attempt to issue $85 million in bonds in coming months to help finance the ongoing transition from fuel oil to LPG, WAPA officials said Friday.

Pawtucket Red Sox Chairman Larry Lucchino and Pawtucket Mayor Donald Grebien say they've built the framework of an agreement for financing an $83-million baseball stadium at the Apex department store site -- the details of which they're giving to Gov. Gina Raimondo and General Assembly leadership Tuesday.