Economy

Pennsylvania's new transportation funding law is a credit positive for the state and several authorities, Moody's Investors Service said.

A four-person team of experienced professionals will help lead the American Association of Airport Executives.

The Los Angeles County Metropolitan Transportation Authority will conduct a $452 million combination new money/refunding competitive sale Dec. 4 to pay for cost overruns on several projects.

The merger of American Airlines and US Airways Group can proceed as scheduled after a federal bankruptcy judge's clearance of the airlines' federal anti-trust settlement.

U.S. Bankruptcy Judge Sean Lane is expected to issue a decision on the American Airlines bankruptcy at a hearing at 10 a.m. Wednesday in New York.

Pennsylvania Gov. Tom Corbett signed the far-reaching transportation bill that lawmakers enacted last week after lengthy debate.

Crowded terminals will become more common unless U.S. airports are able to fund the additional infrastructure needed to meet growing passenger demand.

A bankruptcy Court judge said he expects to rule by Wednesday on American Airlines' request for final clearance to merge with US Airways Group Inc. and exit Chapter 11.

Unfunded healthcare liabilities for retired state employees declined a bit since 2011, a new Standard and Poor's report shows, but more management is needed to protect state credits going forward.

Foothill/Eastern Transportation Corridor Agency in Orange County, Calif., will restructure its toll road debt portfolio with a $2.2 billion refunding in December.

Fifty years after the assassination of John F. Kennedy, Parkland Hospital, where he was pronounced dead, is preparing to move into a new $1.27 billion facility across the street.

Congressional committee leaders have sent a letter to Attorney General Eric Holder expressing concerns that the proposed settlement agreement with US Airways and American Airlines might hurt less populated and rural areas.

Moody's Investors Service has downgraded the rating on the Port of Seattle's intermediate and subordinate revenue bonds ahead of its $140 million refunding deal.

An Indiana legislative panel Thursday approved a transit proposal for central Indiana that would rely on new local taxes for financing.

Without a labor contract extension, Boeing could pursue out-of-state production locations, which would be a credit negative for Washington State and the Puget Sound region, Moody's Investors Service said.

More than a year after emerging from bankruptcy, Gerald Champion Regional Medical Center has a negative outlook on its B-plus speculative-grade rating from Standard & Poor's.

Pennsylvania Gov. Tom Corbett still has unfinished financial business, but was able to bask in a rare win - passage of a $2.4 billion transportation bill.

Two Illinois health systems – Cadence Health and Rockford Health System – announced their plans this week to merge, the latest in a long list of healthcare unions in the state in recent years.

A coalition of local leaders is asking Congress to generate an additional $30 billion a year for transportation efforts by almost doubling the federal gasoline tax.

Pennsylvania's House of Representatives was scheduled to debate a $2.4 billion transportation bill that Senate counterparts approved a day earlier.