Northeast

Pennsylvania is distributing $8.6 million in restitution from JPMorgan Chase & Co., to municipalities and nonprofit organizations who were victims of a scheme to rig bids of municipal bond reinvestment contracts, the Pennsylvania Attorney General's office announced.

Renewing efforts to privatize Pennsylvania's state-owned liquor stores, Gov. Tom Corbett announced a plan to sell the system and raise $1 billion for schools.

New York's Metropolitan Transportation Authority must consider the age of its subway system and a strained budget when considering technical enhancements, officials said.

New York's MTA said it saved $310 million by terminating three leveraged lease agreements that exposed itself to downgraded bond insurer Assured Guaranty.

New York Comptroller Thomas DiNapoli and Syracuse Mayor Stephanie Miner voiced skepticism of Gov. Andrew Cuomo's plan to reducing local pension contributions.

Pension overhaul revived investor confidence in Rhode Island, said Treasurer Gina Raimondo, who cited positives in the state's two bond offerings in 2012.

Mayor Michael Bloomberg introduced a $70.1 billion preliminary budget for New York City, while an impasse with the teachers union hovers over city finances.

Yale-New Haven Hospital is scheduled to come to market Thursday with a $232 million sale of revenue bonds in three series. Barclays is lead manager.

Amalgamated Bank is providing a second round of financing to Scranton, Pa., so that the city can pay its employees and other obligations. The bank won't say what it's charging the city.

New York's Metropolitan Transportation Authority achieved about $1 billion in present-value savings from its 2012 refundings, according to officials.