Economy

Maine's $2 billion, three-year transportation program is designed to upgrade the state's infrastructure despite sluggish federal highway funding.

Pennsylvania DOT has finalized all terms for the department's $899 million Rapid Bridge Replacement Project, Secretary Barry Schoch confirmed.

Connecticut's Bond Commission approved $5.75 million toward new railroad stations on the New Haven-Hartford-Springfield line and the New Haven line, Gov. Dannel Malloy said.

Three former chairmen of New York's MTA called on Gov. Andrew Cuomo and state lawmakers to fully fund the authority's $32 billion capital plan.

The $996 million federal grant Massachusetts received to extend a Boston-area Green Line streetcar route is a credit positive, said Moody's.

Raymond James has hired health care veteran Pete Lawson as a managing director to co-head hospital mergers and acquisitions in the firm's health care finance group. He is based in Naples, Fla.

New IBTTA president Javier Rodriguez seeks more toll options to fund investments in transportation infrastructure.

Puerto Rico Gov. Alejandro García Padilla announced Friday evening that he was recommending a new leader for the Puerto Rico Highways and Transportation Authority.

Tennessee highway coalition drums up support for an increase in state taxes and fees for infrastructure projects.

Standard & Poor's has revised Illinois-based Carle Foundation's outlook to positive in recognition of its strong financial performance and improved balance sheet.

Development of a new multiyear highway bill with more funding for state transportation projects is main focus of a key Senate committee.

California's nonprofit Daughters of Charity Health System is bucking noisy union opposition in an effort to sell out to a for-profit operator that would retire its junk-rated tax-exempt bonds.

Connecticut needs a secure transportation lockbox that all funds raised for transportation is spent on that, said Gov. Dannel Malloy on the cusp of his second term.

Work is officially under way on California's $68 billion high speed passenger rail project funded with $10 billion of voter-approved state bonds

Fitch Ratings affirmed its AA-minus rating, and Standard & Poor's its A-plus rating, ahead of a bond sale planned by Cottage Health System in Santa Barbara, Calif.

The Massachusetts Department of Transportation and the MBTA chose \Peebles Corp. of Miami to develop the $330 million Massachusetts Turnpike air rights project.

MBTA completes its funding for a $2.3 billion light rail project in Boston with a $996 million federal grant.

The last remaining stand-alone non-profit hospital in southeast Michigan has signed a letter of intent to merge with the largest non profit health care system in the country.

Thirty-six Republican Arizona legislators should be allowed to challenge the constitutionality of a measure to expand Medicaid eligibility even though it won legislative approval, the state Supreme Court ruled.

States will seek ways in 2015 to enhance existing revenue streams or create new ones to fund critical transportation projects, Wells Fargo says.