Northeast

Massachusetts will come to market Wednesday with its first borrowing of fiscal 2014, a $600 million competitive sale of general obligation Series E bonds.

Connecticut's pension funds generated a preliminary investment return net of expenses of 11.5% for fiscal 2013, Treasurer Denise Nappier said.

Former Pennsylvania governor and 1964 Republican presidential candidate William Scranton died Sunday in Santa Barbara, Calif. He was 96.

MassDevelopment received a $2.4 million federal grant to help charter schools obtain facilities under a credit enhancement program.

Moody's Investors Service dropped Philadelphia School District's underlying rating to Ba2 from Ba1 but kept its enhanced rating at Aa3 Thursday night.

New York City's sale of general obligation bonds this week included $327 million of retail orders during a two-day period that preceded the institutional sale.

Connecticut's Bond Commission on Friday approved more than $537 million in state funds to finance transportation construction and maintenance projects.

Connecticut Gov. Dannel Malloy announced $18 million in funding through a microgrid storm-protection pilot program designed to keep critical buildings powered during electric grid outages.

Massachusetts lawmakers overrode Gov. Deval Patrick's veto of a $500 million transportation funding bill that will raise the gasoline tax by 3 cents per gallon.

After agreeing in June to go forward with two bonds, Maine Democrats and Republicans have been arguing over other possible bonds.