Northeast

Massachusetts conducted its two recent bond deals conducted at what state officials called unprecedented low interest rates, officials said Tuesday.

Wells Fargo has hired two industry veterans for its New York City public finance leadership team. The firm hired Sally Bednar as a managing director, head of Higher Education and co-head of the Education and Nonprofit group. It also hired Rick Molke as a managing director and co-head of the Energy and Corporate group.

Highmark has sued West Penn Allegheny Health for calling off their $475 million merger, calling the action a contract breach and "a flight from reality."

Connecticut Gov. Dannel Malloy and the U.S. Department of Transportation announced the release of $121 million for the New Haven-Hartford-Springfield rail program.

The IRS has closed an audit without changing the tax-exempt status of $31.23 million of health center revenue bonds that were issued by the Lebanon County Health Facilities Authority in 2005 on behalf of the Pleasant View Retirement Community Project.

Harrisburg, Pa., has enough cash through November and delaying payments to some vendors could help it make through the end of the year, a state official said.

The Maryland Capital Debt Affordability Committee approved Gov. Martin O'Malley's request for $150 million more bond authority despite the criticism of Comptroller Peter Franchot.

Rhode Island's state-appointed receiver has scheduled two auctions this month for the assets of failed video-game company 38 Studios.

The Dormitory Authority of the State of New York is expected to sell about $450 million of mostly refunding bonds this week, starting with $372 million of school district bonds on Tuesday.

Moody's placed the Caa1 rating of West Penn Allegheny Health System, one of the top speculative-grade issuers, under review after a merger fell through.