Northeast

Connecticut Gov. Dannel Malloy was scheduled late Thursday to sign a jobs bill that called for nearly $1 billion of bonds, including a controversial $291 million to help genetics research concern Jackson Laboratory build a $1.1 billion center at the University of Connecticut Health Center.

New York City Mayor Michael Bloomberg and Comptroller John Liu on Thursday announced an agreement in principle to overhaul the management of the city's five pension funds totaling $120 billion and place a chief investment officer and a singular pension board in charge.

Harrisburg's City Council will hold a special meeting at 6 p.m. Monday with Mayor Linda Thompson and Pennsylvania officials to discuss recently enacted legislation authorizing a state takeover of the city.

New York City Mayor Michael Bloomberg is said to be chugging ahead with an outside-the-box - and outside-the-state - proposal to further extend the No. 7 subway line to New Jersey, according to a New York Post report that said he will spend the next few months planning for it.

The Port Authority of New York and New Jersey plans a $400 million sale of new money and refunding bonds by competitive bid on Wednesday.

The Massachusetts School Building Authority plans a $600 million sale of Series 2011B senior dedicated sales tax bonds through negotiated bid on Thursday after a one-day retail order period.

New York City's defined-benefit pension plans can deliver the same retirement income at a nearly 40% lower cost than a 401(k)-type individual account, according to a report.

Rhode Island, the nation's smallest state, has a big problem - unfunded pensions. And it's not alone.

Standard & Poor’s lowered its long-term rating on the Philadelphia Hospitals and Higher Education Facilities Authority’s revenue bonds, issued for Temple University Health System, to BBB-minus from BBB.

Pennsylvania completed an $811.6 million general obligation bond sale on Tuesday, obtaining what Budget Secretary Charles Zogby called one of the state’s lowest interest rates ever.