Northeast

The triple-A bond ratings Moody’s Investors Service and Standard & Poor’s assigned to the Massachusetts’ accelerated bridge program’s recent $419 million bond sale saved an estimated $23.5 million in overall borrowing costs, according to state officials.

Embattled 38 Studios LLC, the video-game company owned by Boston Red Sox pitcher Curt Schilling, made its past-due $1.125 million payment to Rhode Island on Friday, Gov, Lincoln Chafee announced.

New York City will begin its $800 million sale of tax-exempt general obligation refunding bonds with a two-day retail period that starts Monday.

Some retail investors are being more cautious when shopping for tax-exempt bonds in Pennsylvania, but overall, that hasn't decreased the volume of trading in the state, according to local traders and underwriters.

38 Studios LLC, the embattled video-game company founded by former Boston Red Sox pitcher Curt Schilling, was on the verge of making its past-due $1.1 million payment to the Rhode Island Economic Development Corp., Gov. Lincoln Chafee's office said late Thursday afternoon.

Gov. Dannel Malloy and Comptroller Kevin Lembo on Thursday announced a reduction of roughly $13.3 billion in Connecticut’s future unfunded state employee and retiree health care liabilities, according to a finalized actuarial report.

In an effort to fund a $10.25 million budget deficit, the Long Beach, N.Y., City Council on Tuesday approved a resolution to submit a request to the New York Legislature to authorize the city to issue bonds.

Curt Schilling once pitched with a bloody sock, endearing him to New England baseball fans. But his video game firm is in a bloody mess, leaving Rhode Island taxpayers and bondholders exposed.

Two New York Senate committee chairmen have raised the possibility of investigating bond insurer MBIA Inc.'s behavior when it applied for a transformation of the company during 2008 and 2009.

The U.S. Court of Appeals in Philadelphia has denied the attempt by the Harrisburg City Council to file for bankruptcy on behalf of Pennsylvania’s capital city.