Economy

The Maine Senate and House of Representatives approved $149.5 million in bonds, setting the stage for a November vote.

Florida’s Orlando-Orange County Expressway Authority will seek a new director after a flap between board members about decisions, including the resignation of the CFO.

A federal bankruptcy judge did not rule on American Airlines’ confirmation plan but indicated he was leaning towards such a move despite a federal antitrust lawsuit.

A potential strike by San Francisco's Bay Area Rapid Transit District employees could drive up operating costs, but pledged revenues will remain unaffected, Moody's Investors Service said.

Two Los Angeles-area hospitals are one step closer to becoming one after the State Attorney General gave approval for the transaction.

Miami-Dade County is preparing the first bonds for a $1 billion capital improvement program at PortMiami to prepare for larger ships to arrive through the Panama Canal.

The Virginia Department of Transportation and the Elizabeth River tunnels' private partner are asking the Virginia Supreme Court to reverse a lower court's ruling that planned tolls for the project and provisions of the state's transportation P3 law are unconstitutional.

The Michigan Senate late Tuesday narrowly approved an expansion of the Medicaid program under the new federal health care law, which could bolster Detroit's bankruptcy reorganization plan.

City leaders have lined up to oppose a plan by Texas Department of Transportation to turn over maintenance responsibilities for 2,000 miles of state highways.

The U.S. Department of Transportation has finalized Chicago's $288 million Transportation Infrastructure Finance Innovation Act loan to help fund an $817 million intermodal facility at O'Hare International Airport.

Moody's Investors Service has revised its outlook to negative from positive on Edward Health Services Corp.'s A2 rating due to challenges posed by its new affiliation with Elmhurst Memorial Healthcare.

Pennsylvania Transportation Secretary Barry Schoch has increased weight limits on about 1,000 bridges statewide, citing the stalled transportation funding bill.

A fight over the future of a Brooklyn hospital that potentially affects SUNY Downstate Medical Center’s ability to pay its debt of $154 million recently took two more sharp legal turns, as a judge ordered Downstate to transfer ownership of the money-losing facility -- then reversed the order three days later.

The strong accord of creditors and others behind American Airlines’ confirmation plan could be jeopardized should the plan’s approval be delayed over the federal government’s move to block American’s merger with US Airways Group, an unsecured creditors’ committee warned.

Fitch placed A-plus rated bonds issued on behalf of Backus Hospital in Norwich, Conn., on watch, citing uncertainty about its agreement with Hartford HealthCare.

The University of Florida's Shands Healthcare has agreed to pay $26.2 million to settle allegations due to overpayments by Medicare and Medicaid.

Fitch Ratings Wednesday downgraded $41 million of highway improvement bonds issued by Ohio’s Butler County Transportation Improvement district amid declining debt service coverage levels.

The Internal Revenue Service has closed its audit of Rhode Island's $197 million tobacco settlement bonds, ruling that the bonds remained tax-exempt.

A weak financial report released by Providence Health & Services, Wash., will not affect its debt rating and outlook, said analysts at Standard & Poor's.

Maryland Governor Martin O'Malley has named a bipartisan group of 11 people to a new local and regional transportation funding task force.