Northeast

Two days of testimony on distressed Scranton, Pa.'s request for a commuter tax ended in Lackawanna County, with a three-member panel of judges yet to rule.

The Delaware River Port Authority will sell $156.7 million in barely investment grade debt Thursday.

The Philadelphia Authority for Industrial Development will sell $298.7 million in federally taxable bonds on Tuesday.

The Internal Revenue Service has suggested that some of the revenue bonds issued in 1993 by the New Jersey Health Care Facilities Financing Authority for Deborah Heart and Lung Center may not be tax-exempt because of a "total return swap," and has asked NJHCFFA for more information.

An unexpectedly low bid for building a replacement Tappan Zee bridge in New York reduces financial pressure on the New York Thruway Authority, an analyst says.

Court officials have rescheduled the sentencing date for the former mayor of Central Falls, R.I., who pleaded guilty last month to corruption charges.

Moody’s Investors Service downgraded to Ba2 from Ba1 the long-term bond rating assigned to Good Samaritan Hospital’s 64.5 million of outstanding bonds issued by the Lebanon County Health Facilities Authority.

Standard & Poor’s on Thursday revised its outlook on the Long Island Power Authority to negative from stable and affirmed the A-minus rating on its $6.6 billion of bonds outstanding.

Standard & Poor’s has raised its long-term rating on the village of Nyack, N.Y.’s general obligation debt to A from A-minus. The outlook is stable.

The Port Authority of New York and New Jersey sold $595 million of consolidated bonds in two competitive offerings on Wednesday.