Northeast

Executives from video-game company 38 Studios LLC admitted in bankruptcy court that their breakthrough game fell short of expectations.

Central Falls could exit bankruptcy by early September under a schedule to which unions, retirees and a bankruptcy judge agreed.

New York City Comptroller John Liu urged Mayor Michael Bloomberg to quickly identify senior administration officials responsible for orchestrating and overseeing the illegal lobbying activities at the city's Economic Development Corporation.

Moody's Investors Service has downgraded Onondaga County Water Authority's outstanding parity revenue bonds to Aa3 from Aa2.

Ernst & Young's US Transaction Advisory Services has expanded its infrastructure advisory practice with the acquisition of Jeffrey A. Parker & Associates, a financial advisory firm focused on infrastructure.

Nassau County received 13 responses to its request for information regarding a public-private partnership for its troubled sewer system.

The state expands its pool of underwriters interested in negotiated sales by 35%, according to Treasurer Steven Grossman.

But the teetering city, frozen out of the capital markets and under national glare for paying employees the minimum wage in defiance of a court order, must agree to a revised recovery plan.

The Dormitory Authority of the State of New York is expected to sell $1 billion of personal income tax bonds in a competitive offering on Tuesday.

Nassau County has entered into a partnership with asset management company Universal Management Technology Solutions, Inc., to help curb spending and save up to $25 million annually.