Northeast

New York City officials are pressing the Port Authority of New York and New Jersey to halt an ongoing design competition for a new Manhattan bus terminal and create a more “transparent” process.

The Philadelphia Regional Port Authority has tapped Jeff Theobald of Ports America Outer Harbor in California to replace recently departed executive director James T. McDermott, Jr.

New York City announced on Thursday it will offer around $1.49 billion of general obligation bonds next month.

Biotech Amgen has agreed to pay $95 million to settle a class action filed on behalf of investors with Connecticut Retirement Plans and Trust Funds as lead plaintiff.

The town of Ramapo, N.Y. and one of four individuals charged with securities fraud by the Securities and Exchange Commission for misleading muni bond investors are disputing the charges and urging a federal judge to dismiss the case.

Newly announced $10 million grants for five downtown revitalization projects around New York State are a credit positive for the participating municipalities, according to Moody’s Investors Service.

Butler Snow has hired Stephen E. Weyl to practice law in its public finance, tax incentives, and credit markets groups in Boston.

Pennsylvania’s $1.3 billion revenue package that balanced its fiscal 2017 budget is a strong step toward long-term budget balance, said Moody’s.

Kroll's downgrade to AA-minus should have little effect on Connecticut's $500 million GO sale, said state Treasurer Denise Nappier.

Connecticut, which expects to empty most of its rainy-day fund as it struggles with its budget, received a downgrade from Kroll Bond Rating Agency