Economy

Former U.S. Transportation Secretary Ray LaHood joins infrastructure investor Meridiam North America as senior advisor.

The House Appropriations Committee approved a 2015 transportation budget that keeps federal highway funding at 2014 levels.

The risk of a Long Island Rail Road strike hovers over officials at New York's MTA, even as board members approved a five-year deal with its subway workers.

Federal, state and local elected officials joined LA Metro in announcing the receipt of a $1.25 billion full funding grant agreement from the Federal Transit Administration for its Purple Line subway extension.

The Good Shepherd Medical Center serving East Texas is on the verge of losing its Moody's Investors Service investment-grade rating of Baa3, analysts said.

Airport infrastructure public-private partnerships are often stymied by a web of competing local interests, aviation advocates told a House P3 panel.

Moody's Investors Service Tuesday downgraded $975 million in outstanding Clark County, Nevada Airport Enterprise senior lien bonds to Aa3. The bonds are for Las Vegas' McCarran International Airport.

Moody's said $2 billion in federal loans for a commuter train service extension into Virginia's Fairfax and Loudoun counties is a credit positive.

Georgia plans to issue $152.7 million in bonds for various transportation projects, including the reconstruction of an interchange at Interstate 285 and Georgia 400.

The State University of New York is starting to shut down its money-losing Long Island College Hospital.

President Obama used his weekly address to criticize House Republicans for chopping the TIGER grant program to $100 million in 2015.

Oklahoma is selling a rail line that may bring passenger service to the state's two largest cities and tank cars to the "Pipeline Crossroads of the World."

The boards of two Illinois-based systems — Cadence Health and Northwestern Memorial HealthCare — on Thursday agreed to join forces.

Moody's downgraded the Jackson International Airport to Baa1 from A3 just three weeks before Southwest Airlines pulls out of the Mississippi capital.

Congress is expected to pass a compromise water infrastructure bill this week that funds 34 projects totaling $12 billion.

Fitch Ratings upgraded to BBB $71.3 million in revenue bonds issued by the Hawaii Department of Budget & Finance for a 392-unit retirement community and revised the outlook to stable from positive.

The North Carolina Department of Transportation won federal approval to resume work on the $900 million, 20-mile Monroe Bypass project stalled by a federal ruling.

Moody's Investors Service downgraded Manchester-Boston Regional Airport, N.H., revenue bonds to Baa1 from A3

Moody's Investors Service has downgraded to A3 from A2 the rating on Fred Hutchinson Cancer Research Center in Seattle.

The years Honolulu officials invested in its $5.2 billion elevated rail project are paying off, while Los Angeles officials are fighting for a funding arrangement they say is needed for their rail plans to reach fruition.