Economy

With no debt on its books, Salt Lake City International Airport has broken ground on a $1.8 billion redevelopment that will not require a bond issue until 2016 at the earliest, officials said.

Moody's Investors Service downgraded the ratings on Wake Forest Baptist and North Carolina Baptist Hospital bonds to A2 from A1.

The Port Authority of New York and New Jersey board of commissioners has elected John Degnan as its new chairman.

The Chicago Infrastructure Trust hopes to launch a competitive selection process this fall for private partners in its third energy retrofit project – city outdoor lighting upgrades.

A court of appeals upheld a proposed route connecting the San Francisco Bay Area to the Central Valley for California's $68 billion high speed rail project.

New York's Metropolitan Transportation Authority's capital funding gap may exceed $12 billion, according to a report by state Comptroller Thomas DiNapoli.

Despite ongoing federal court battles over the fate of the nation's health insurance system, Utah's Intermountain Healthcare Services found a receptive muni market when it priced $158 million of tax-exempt bonds July 22, officials said.

The Connecticut Bond Commission is expected to approve $3 million to fund short-term fixes to the 118-year-old Walk Bridge in Norwalk, said Gov. Dannel Malloy.

Busy Atlanta International Airport won the 2014 Global Efficiency Excellence Award from the Air Transport Research Society.

Illinois Gov. Pat Quinn signed into law Tuesday a $1.1 billion bond-financed transportation package.

Three consumer advocacy groups filed a lawsuit accusing Tennessee of implementing policies that deny health coverage to individuals eligible for TennCare.

Allowing states to toll existing highways as an infrastructure funding option divides transportation industry advocates.

Hospital bankruptcies are on pace to set a record in 2014 and investors should get more involved with restructuring efforts, a firm specializing the field says.

The Regents of the University of Minnesota will sell $141 million of general obligation bonds Thursday to finance construction of a new ambulatory care center.

Three senators hope to offer an amendment on Senate floor that rejects budget gimmicks and requires passage in 2014 of a longer term transportation funding measure.

The plight of State Highway 130 outside Austin, Texas, is a stark example of the risks involved in building toll roads in undeveloped areas, according to Fitch Ratings.

Fitch Ratings has upgraded the ratings on more than $1 billion of outstanding revenue bonds issued for Stanford Hospital & Clinics.

A special commission brainstormed about the long-term prospects for New York's Metropolitan Transportation Authority, one of the largest municipal issuers. The authority is in need of modern thinking about how to finance and provide its services, many members said.

The ailing Highway Trust Fund needs a long-term answer, not another short-term patch, says Transportation Secretary Anthony Foxx

Virginia is working on a plan to reduce severe congestion on Interstate 66 that could cost as much as $3 billion.