Economy

The southernmost airport in Texas will replace its nearly 50-year-old terminal with a larger version equipped for modern security and capacity challenges.

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

New single-family home sales rose by 6.7% to a 689,000 annual rate in May, led solely by a sharp increase in sales in the large South region.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

The Build NC Bond Act will leverage money from the State Highway Trust Fund.

Manufacturers report continued growth in June, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

Andrew Kim is a veteran Goldman Sachs energy investment banker.

The department's chief procurement officer, Jamie Rhee, will replace Ginger Evans.

A proposed $900 million San Diego housing bond may be Plan B.

The number of muni market dealers has fallen off even as trading activity remained stable, an MSRB report finds.

McLaren will also sell some tax-exempt debt to refinance floating-rate notes.

Last week Mayor Rahm Emanuel selected billionaire tech entrepreneur Elon Musk's The Boring Co. to build tunnels that autonomous vehicles would zoom through at speeds over 100 mph to transport riders between the Loop and O'Hare International Airport.

The city isn't risking its money, only that Elon Musk won't deliver on his promises for an airport transit line.

Ascension's acquisition of Presence Health brings double-A ratings to the previously triple-B-minus debt of Presence.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

A $3 toll hike will raise $4.45 billion for transportation projects.

The New Jersey Transportation Infrastructure Bank was approved by state lawmakers in April.