Economy

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.

Los Angeles World Airport officials said enplanements at LA/Ontario International Airport grew in 2014, a year Los Angeles spent battling Ontario city officials who want control of the Inland Empire airfield.

The Texas Department of Transportation is investing in transportation projects along its 367-mile coast in anticipation of increased trade through an expanded Panama Canal and exports of natural gas amid mixed economic indicators.

Missouri's proposed $2 billion upgrade of I-70 could be funded by tolling the 200-mile link between Kansas City and St. Louis.

Final federal regulations make clear that most failures to meet certain requirements created by the new health care law won't hurt the tax-exempt status of nonprofit hospitals' bonds.

A ceremonial groundbreaking for California's $68 billion high speed passenger rail project is scheduled in Fresno.

Lack of action on federal transportation funding means growth in states' use of public-private partnerships to build, fund, and operate large projects.

New York City has issued a request for information for mobile payment options for the payment and scheduling of parking tickets.

The Central Puget Sound Regional Transit Authority in Washington received a negative outlook from Standard & Poor's on its outstanding "parity" lien obligations, but the authority, known as Sound Transit, retained its AAA rating.

Short-term extensions of federal transportation spending are likely to continue through 2015 as lawmakers struggle with a gasoline tax that can't pay the bills.