Economy

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.

Operating gains prompted Moody's Investors Service to revise Iowa's UnityPoint health system's outlook to stable from negative.

New York MTA board members called on the state to waive fees on new money bonds, which could cost the MTA $22.5 million in calendar 2015.

Standard & Poor's downgraded Colorado-based nonprofit healthcare giant Catholic Health Initiatives to A from A-plus and retained a negative outlook in a Dec. 15 report.

New York's MTA seeks up to $300 million in federal funding for infrastructure improvements for the L subway line to account for a spike in ridership.

The federal government has given Illinois and Indiana the go ahead to advance plans for a more than $1 billion bistate toll road both states hope to build with financing from a public-private partnership.

Macomb County, Mich., plans to bring $260 million of bonds to market in March to pay off its retiree health care liability.

The House late Thursday passed a spending bill known as the "cromnibus" that would fund most federal government agencies through the end of the federal fiscal year.

Puerto Rico Governor Alejandro García Padilla announced that he will sign a bill to increase oil taxes to support the commonwealth's Government Development Bank for Puerto Rico and the Highway and Transportation Authority.

Squeezed for funds to finance transportation projects, Missouri is eyeing tolls to improve and expand Interstate 70.

Falling crude prices may make an increase in the federal gasoline tax more politically palatable.