Economy

Critics fear the contracting provision is so draconian it could backfire on the Metropolitan Transportation Authority's $51.5 billion program.

The plan would rebuild the power system with a web of "micro grids," funded in part with federal and private money.

One plan would convert the investor-owned utility into a customer-owned cooperative, while local governments and agencies look at municipalizing PG&E assets.

September durable goods orders fell more than expected, while orders for non-defense capital goods excluding aircraft also dropped, suggesting production won't rebound this year.

ProMedica Health System was downgraded to Baa3 by Moody's Investors Service, which assigned a negative outlook.

Most of the proceeds will refinance direct placement debt with bonds sold in the public markets.

Fitch Ratings affirmed Denver International Airport after the collapse of a public-private partnership to remodel the main terminal.

Spectrum Health System will consolidate its administrative offices into a central location.

The South Carolina-owned utility redeemed $360 million as part of a two-year plan to reduce debt and stabilize electric rates for five years.

After getting national attention for allegedly swindling millions from a disabled billionaire client, brokers Ami Forte and Charles Lawrence have been barred from the industry.

Arizona's Salt River Project will sell $436 million of new money power revenue bonds.

The Florida Department of Transportation’s new legal challenges may determine the fate of the Miami-Dade County Expressway Authority.

Two board members said an effort in congress to shift responsibility for the commonwealth's infrastructure revitalization is ill timed.

The dealer entered into two municipal bond orders into a recently deceased customer's account.

While the economic indicators released on Thursday suggested a weakening economy, a deeper dive by analysts offers a different view.

Moody's lifted California to Aa2 ahead of plans to sell $1.1 billion of general obligation bonds.

The policy would require firms to consider women and people of color for every open board seat and for CEO appointments.

Marcos Rodriguez, managing member of Palladium Equity Partners, a Diverse Practitioner award winner, says he never forgets that he helps the hardworking people of New York.

Tina Byles Williams, CEO and CIO of the FIS Group, a Diverse Practitioner award winner, says she is honored to manage money for the city and it was especially meaningful to be recognized by the city.

“We know that leading with our own funds, putting our money where our mouth is, will give the best and the brightest in the business a fair chance and set the momentum for everyone else,” says New York City Comptroller Scott Stringer.