Northeast

State Street Bank will succeed Bank of New York Mellon as master custodian for New York City's $137 billion pension system, Comptroller John Liu announced.

Gov. Deval Patrick promised to veto an $800 million transportation bill the Massachusetts legislature passed, but lawmakers are in position to override it.

As Detroit filed for bankruptcy, formerly bankrupt Central Falls, R.I. received an upgrade from Moody's Investors Service to B1 from B2.

The Bronx and Queens are each exploring a soccer-only stadium for a planned Major League Soccer expansion franchise.

Leslie Gromis Baker will succeed Stephen Aichele as Tom Corbett's chief of staff, the Pennsylvania governor announced.

Moody's upgraded the rating of former bankrupt city Central Falls, R.I., to B1 from B2, affecting $13.7 million in outstanding general obligation bonds.

The trustee for Rhode Island's Central Falls Detention Facility Corp. has again tapped into the reserve fund related to Wyatt Center bonds.

Just three months after the operator of the parking garages at New York's Yankee Stadium defaulted on its debt, it faces another obstacle, this time with the Internal Revenue Service.

Fitch's downgrade of Pennsylvania GO bonds was hardly news to state budget officials who warned of such action if pension overhaul remained in gridlock.

Gov. Dannel Malloy appointed Michael Cantor of Cantor Colburn to serve as chairman of Connecticut Innovations, a high-tech oriented quasi-public agency.