Northeast

Rhode Island's investment panel voted to terminate its investment in seven hedge funds, following Treasurer Seth Magaziner's initiative to minimize risk.

The opening of New York's Second Avenue subway line by year's end remains an open question, said an independent engineer.

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.

Atlantic City Mayor Donald Guardian said he is optimistic that the city's turnaround efforts will be accepted and a state takeover averted.

Rhode Island's pension system returned more than $45 million for September, state General Treasurer Seth Magaziner said.

Growing disconnects between state and local governments across the U.S. are especially impacting municipalities in the neighboring Northeast states of New Jersey and Pennsylvania, panelists emphasized at the The Bond Buyer’s Mid-Atlantic Municipal Market conference Tuesday.

Maryland will seek a federal grant for subsea rail tunnel in Baltimore after striking out in the first round.

Navigating the regulatory minefield is one of the biggest challenges facing the Mid-Atlantic muni market, officials from underwriting firms said at a Bond Buyer conference in Philadelphia.

Atlantic City officials unveiled a five year financial rescue plan Monday night that they hope will be enough to prevent a state takeover.

Princeton University’s settlement to end litigation claiming it should pay property taxes on certain Princeton, N.J. properties is a credit positive for both the school and the local government, according to Moody’s Investors Service.