Economy

Standard & Poor's removed California's Peninsula Corridor Joint Powers Board, operator of Caltrain service between San Jose and San Francisco, from credit watch on Monday citing improved budget operations.

Costs for Oahu's $5.26 billion rail project are on pace to exceed the budget by at least $500 million, according to the Honolulu Authority for Rapid Transportation.

Revenues for Texas Health Resources' Presbyterian Hospital in Dallas are back on track after falling 25% during an Ebola scare that claimed a patient's life and infected two nurses, according to a disclosure announcement.

The New York City Regional Economic Development Council awarded $443,750 to the Trust for Public Land for design work on the QueensWay parkland project.

Volvo division Prevost opens a production line for MTA buses in sister company Nova Bus' expanded Plattsburgh, N.Y., facility, said Gov. Andrew Cuomo.

Denver International Airport must bear most of the $53 million cost to complete a rail segment into the airport, a Denver District Court judge ruled. DIA had claimed the cost was the Regional Transportation District's responsibility.

Increasing interest in public-private transportation partnerships due to constraints from $3.6 trillion of state and local outstanding debt, Brookings Institution said.

The Los Angeles World Airports board of commissioners has approved its piece of a plan to connect Los Angeles International Airport to the city' light rail and subway system.

A sales tax hike to support $1.7 billion in annual transportation and education funding will go before Michigan voters under a plan lawmakers approved in a compromise with Gov. Rick Snyder.

Revenue and demand pressure on not-for-profit healthcare providers as they navigate federal healthcare reform will weigh down the sector for another year, Standard & Poor's said.

Michigan-based Trinity Health is acquiring the Connecticut-based Saint Francis Care in a deal that allows Trinity to expand its Northeastern footprint and gives Saint Francis improved access to capital.

A ruling by the U.S. Surface Transportation Board that it has authority to pre-empt state environmental law on construction of California's high speed rail project conflicts with a previous decision by a California Court of Appeals.

The New Orleans Aviation Board expects to issue up to $659 million in revenue bonds in February to finance a state-of-the-art terminal and related infrastructure.

State Controller John Chiang issued a report warning of the growing unfunded retiree healthcare liability cost which has reached $71.8 billion.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

A big uncertainty for New York's MTA looms after it approved its operating budget for 2015: Its proposed $32 billion capital plan, which state officials must approve.

Moody's raises its outlook for U.S. airports to positive as economic growth boosts passenger loads.

Long Island's Nassau County now must plug a budget gap after legislators voted unanimously Monday evening to repeal a controversial revenue generating school-zone speed camera program.

Standard & Poor's on Dec. 12 downgraded El Paso County Hospital District's credit to A-plus from AA-minus, citing a weakened cash position.

Alabama plans to price $508.5 million in highway bonds in mid-January backed by an AAA rating from S&P that could save the state $40 million, the governor said.