Economy

Moody's Investors Service upgraded Cooper Health System, N.J., bonds, issued through the Camden County Improvement Authority, to Baa2 from Baa3.

A recently announced increase in state-run health insurance rates is a positive for California's non-profit hospitals, according to a report from Fitch Ratings.

Michigan is selling $266 million of state trunk line refunding bonds on Wednesday, hoping to see savings of nearly 8% on the original debt.

President Obama signed a 10-month, $11 billion bailout of Highway Trust Fund that ensures federal reimbursements continue to state transportation projects.

Halifax Hospital Medical Center in Florida will pay $11.9 million on top of $85 million to settle claims made by the federal government and a whistleblower.

Six major Wisconsin health care systems are forming a partnership aimed at lowering costs and improving care.

Illinois will host a forum next month to meet with developers, air carriers and potential tenants as the state seeks to advance plans for a public private partnership to develop the South Suburban Airport.

A federal appellate panel Thursday ruled that North Carolina’s plan to replace the 50-year-old Bonner Bridge must be reconsidered by a lower court.

Transportation Secretary Anthony Foxx is urging voters to press lawmakers for a long-term solution to federal highway funding before the end of 2014, but industry experts don't expect Congress to take action until spring 2015 at the earliest.

Orange County Transportation Authority, Calif., received a two-notch ratings bump on its senior lien toll road revenue bonds to AA-minus from Standard & Poor's on Tuesday.

Missouri transportation officials blamed a lack of consensus on how to pay for the state's transportation needs for the failed ballot measure that sought a sales tax hike to generate more than $5 billion in new revenue.

Puerto Rico Gov. Alejandro García Padilla created a public transit authority to integrate oversight over various modes of transportation.

New York City's DOT chose Elliott Bay Design Group of Seattle to design a new class of boats for the Staten Island ferry at an expected cost of $309 million.

Detroit emergency manager Kevyn Orr is looking for private firms interested in taking over the city's parking system, where nearly half the meters are reportedly broken.

Long Island Rail Road pension fraud could happen again if a federal agency isn’t vigilant enough, said budget watchdog group Citizens Budget Commission.

New York City Transit veteran Frank Jezycki will become vice president and chief officer for the Staten Island Railway, MTA officials announced.

Texas offered $15.3 million and other favorable conditions to land the $85 million SpaceX launch site, officials said.

Short-term patch of the Highway Trust Fund is credit positive for $12 billion of state highway Garvee bonds, Moody's says. But neither it nor other major rating agencies are planning to change Garvee ratings or outlooks.

Massachusetts lawmakers let stand Gov. Deval Patrick's veto of a measure that would have repealed subjecting the MBTA Retirement Fund to an open-records law.

Fitch revised the rating outlook to stable from negative on $307.4 million in bonds issued for Southwest Florida International Airport because traffic levels improving.