Northeast

Massachusetts Treasurer Steven Grossman has emphasized wider disclosure by his office, and in its most recent investor conference call, officials had plenty to share.

In the week's largest deal, the New York City Transitional Finance Authority will sell $1.2 billion of new money and refunding bonds on Wednesday. Proceeds will finance the city's capital expenditures and school projects.

New York City leads the list of municipalities in danger of exceeding the state constitutional tax limit, according to a report by New York State Comptroller Thomas DiNapoli.

Joining a lower Manhattan real-estate scramble, New York's issued a request for proposals to oversee retail space in its planned Fulton transit center.

Jackson Securities LLC is being spun off by Atlanta Life Financial Group. Subject to regulatory approval, Jackson will merge with New York-based M.R. Beal & Co.

The Port Authority of New York and New Jersey board on Wednesday approved up to $2 billion of financing, including a $500 million and $1.5 billion sale of consolidated refunding bonds, for the World Trade Center project.

New Haven, Conn., has a negative outlook from all three major rating agencies, but a city official speaking ahead of two bond sales would rather emphasize the positive.

The New York Liberty Development Corp. plans to re-offer in three issues around $1.6 billion of bonds that were first sold in 2009 and 2010 to finance development at the World Trade Center site.

A Pennsylvania official Tuesday said the state could relax its Aug. 15 deadline for Scranton to enact a revised recovery plan if it sees the mayor and City Council making progress.

Standard & Poor's raised its long-term and underlying ratings to BBB from BBB-minus on various Yankee Stadium bonds, affecting about $1.3 billion of New York City Industrial Development Agency debt.