Economy

The State Bond Commission Thursday gave authority to start seeking loans on the second phase of a massive LSU project that includes a mixed-use development on Nicholson Drive and tearing down 52-year-old Kirby Smith Hall dormitory.

The region's manufacturing sector expanded in August, but at a slower pace than in July, as the general business conditions index decreased to 18.9 from 19.5 in July, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The investor-owned utility said South Carolina officials will review the canceled project.

Key's acquisition will expand investment banking services while focusing on the health care sector.

The New York region's service sector activity "picked up," according to the Federal Reserve Bank of New York's August Business Leaders Survey, released Tuesday.

There will be a $100 million bond to fix Midland's roads and other aging infrastructure on the November ballot.

About $1 million will go to service the city's street bond debt, leaving the Duluth with $2.8 million for actual work.

The Empire State Manufacturing Survey showed "business activity grew strongly in New York State," the Federal Reserve Bank of New York reported Tuesday, as the general business conditions index soared to 25.2 in August from 9.8 in July.

West Virginia Parkways Authority General Manager Greg Barr said the agency is getting the ball rolling on the process to sell bonds to finance roads projects.

A new measure of the natural rate of unemployment implies “the elimination of labor market slack,” according to an Economic Letter published Monday.

A bankrupt Texas issuer hasn't missed a bond payment, in contrast to the default of an issuer that hasn't filed.

Health and Educational Building Corp. chief Robert Donovan cited a wave of refinancings.

The South Carolina agency says the rate increases are unneeded even with $7.7 billion of bonds to support.

Moody's dropped Mercy Hospital to B1, affecting $71 million of debt.

A P3 for the Interstate 93 welcome centers is a success, state officials say.

Inflation will not grow as much as previously forecast, according to the latest projections in the Federal Reserve Bank of Philadelphia's survey of professional forecasters.

About $7.7 billion of debt is at stake as South Carolina's governor talks with investor-owned utilities about selling the public power agency.

Federal Reserve Bank of New York President William Dudley offered a positive outlook for the U.S. economy, job market and inflation on Thursday, saying better conditions would help support the most vulnerable Americans.

SANDAG has faced controversy over missed revenue projections and a failed bond measure.

Year's end is the new target to launch the first segment of the Brightline train service.