Northeast

The sudden breakup of hospital operator West Penn Allegheny's affiliation with insurer Highmark heightens uncertainty over hundreds of millions in bonds in a turnabout driven by adulterous sex and violence.

The University of Pennsylvania's chief investment officer Kristin Gilbertson is stepping down after heading the endowment office since 2004.

Rochester, N.Y., is expected to sell $34 million of general obligation bonds in two series this week. Ramirez & Co. is underwriter

New York City Comptroller John Liu launched a website to enable workers paid less than the prevailing wage on city public works projects to search online for the money they are owed.

The Port Authority of New York and New Jersey authorized a $31.5 million rehabilitation of a taxiway at Newark Liberty International Airport.

New Jersey Gov. Chris Christie said local governments will save $116 million for fiscal year 2013 due to the state's pension reforms.

Fitch Ratings affirmed its AA-minus rating for Worcester, Mass. as the city prepares to competitively sell $72.1 million general obligation municipal purpose loan bonds.

After hearing tearful requests for leniency, federal Judge Harold Baer imposed prison and fines on three former bankers convicted of municipal bond bid rigging.

New York City officials announced changes to the four-year capital commitment plan to accelerate work on more than $1 billion of critical infrastructure projects.

Fitch Ratings downgraded $2.8 billion of Philadelphia School District and Pennsylvania School Building Authority bonds to BBB-minus ahead of a $300 million deficit bond sale.