Northeast

Ohio Auditor David Yost warned local governments to tread carefully when talking about their financial conditions, calling this week's SEC charges against Harrisburg, Pa. a "watershed moment" for local politicians.

Wednesday marked the deadline for companies interested in developing a pair of major rail projects under Maryland's new public-private partnership law, and the private sector is jumping at the chance.

The SEC's fraud accusations against Harrisburg, Pa., could be a deterrent, some market observers say, even if the city appeared to suffer little from the action.

New York's MTA named veteran transit manager Joseph Leader senior vice president for its department of subways, succeeding the promoted Carmen Bianco.

New York Comptroller Thomas DiNapoli has reported that the state's industrial development agencies have improved their transparency but have to do more.

Critics say the Securities and Exchange Commission should dig well beyond its cease-and-desist order in its Harrisburg, Pa., securities fraud case.

The National Federation of Municipal Analysts honored Massachusetts with its industry contribution award for an investor web site it introduced two months ago.

New York State needs to end its reliance on non-recurring revenues, Comptroller Thomas DiNapoli said in a report on government finances for fiscal 2013.

The Securities and Exchange Commission announced Monday it has charged the City of Harrisburg, Pa., with securities fraud for making misleading public statements when its financial condition was deteriorating.

Highmark Inc., which closed on a $604 million deal to take over teetering West Penn Allegheny Health System, is now under rating agency glare.