Northeast

The Division of the Budget said escalating Medicaid costs are the main reason for the projected shortfall.

The upgrade reflects the city's improved operating environment and structural financial improvement, the rating agency said.

NYC's November plan is up $1.6 billion, or 1.7%, from the June budget.

Mayor Jim Kenney’s administration has implemented a series of measures to prepare for leaner times.

AmeriVet Securities has hired Francis McKenna to be its executive director of public finance.

Carmen Taveras is the agency's first chief of real estate, economic development, and transit-oriented development

Over the past three years, TD Securities has expanded its New York City-based team of public finance and sales and trading professionals.

Fitch Ratings upgraded the private institution in Biddeford, Maine, to A-plus from A-minus.

Longwood Gardens Inc., the late DuPont Co. chief Pierre S. du Pont's intensively planted Chester County estate that has become a top Pennsylvania tourist attraction, is planning a major expansion, bond documents show.

General Treasurer Seth Magaziner announced measures to encourage Rhode Island residents to buy state bonds.