Northeast

A trial appealing the New York State Insurance Department's split of bond insurer MBIA Inc. ended with the plaintiffs' attorney arguing that since the department relied on incorrect facts in approving the split, it must be undone.

Rhode Island's General Assembly has sent two resolutions to Gov. Lincoln Chafee approving plans of the Rhode Island Economic Development Corp. to issue $7.5 million of bonds for maintenance dredging at Port of Davisville in North Kingstown.

Shortly after embattled video game company 38 Studios LLC, filed for Chapter 7 bankruptcy protection on Thursday afternoon, Rhode Island officials were studying the effect on their financial picture and bond rating.

New York City stands to gain more than $100 million in additional funds to help close its fiscal 2013 budget gap, city Comptroller John Liu said Wednesday.

Pennsylvania's House of Representatives on Wednesday passed a bill allowing the state to borrow up to $4.5 billion in a bond issue to pay off lingering unemployment compensation debt.

After recent downgrades, Long Island, N.Y.'s two financially troubled counties each plan to go to market this week to issue a combined $280 million of debt.

The Massachusetts Bay Transportation Authority plans a $415.6 million sale of Series 2012A assessment bonds on Thursday, after a one-day retail period.

Central Falls, R.I., which is on the verge of exiting bankruptcy, would experience modest gains under its five-year budget plan.

Pennsylvania's Department of Community and Economic Development on Monday named law firm Stevens & Lee the recovery plan coordinator for Altoona.

After seeing its bond rating slashed three-notches and facing the potential for another downgrade that would put it in junk territory, one of New York's wealthiest counties is experiencing higher borrowing costs.