Northeast

Jay Walder, a former chairman and chief executive of New York's Metropolitan Transportation Authority, was named chief executive of Alta Bicycle Share, which operates New York City's Citi Bike bicycle sharing program.

New York's Metropolitan Transportation Authority will look to keep biennial fare increases to the 4% inflation rate, said chairman Thomas Prendergast.

Harrisburg, Pa., has a balanced budget after City Council members passed a resolution to add savings from a months-long hiring freeze to offset expenses.

Key players will discuss the design and construction of the $1.4 billion Fulton Center megaproject in Brooklyn, N.Y., on Oct. 29.

Richard Ciccarone of Merritt Research and Tim Hadley and James Morris from Investortools will speak at the Nov. 4 meeting of the Philadelphia Municipal Analyst Society.

Ineffective safety management was common to five Metro-North Railroad accidents over 11 months, including a train collision last December that killed four persons.

The Philadelphia City Council rejected the mayor's proposed sale of the city's gas utility Monday.

The internal Revenue Service is conducting a targeted audit of Philadelphia's series 2010A water and wastewater revenue refunding bonds, $396.46 million of which were issued.

Harrisburg has petitioned a Pennsylvania court to incorporate a nonprofit that will focus on long-term economic development and infrastructure improvements.

Floating-rate notes enable New York's MTA to take advantage of the short part of the yield curve, finance director Patrick McCoy said.