Economy

The judge overseeing American Airlines' bankruptcy put confirmation of the carrier's restructuring plan on hold after the federal government moved to block its merger with US Airways Group.

The credit ratings of 15 California transit agencies are on review for downgrade by Moody's Investors Service because the Obama administration is challenging changes to state pension law.

Moody's Investors Service has put the Ba2 rating of Somerset Medical Center on review for a downgrade, affecting $80 million in outstanding debt.

Two small revenue deals from Michigan — a state transportation refunding and a school district financing — found buyers this week at acceptable rates, breaking a logjam on issuance from the state following Detroit's bankruptcy filing.

The Federal Transit Administration on Wednesday published a policy guidance document about the evaluation criteria and rating process for transit projects seeking funding under the New Starts and Small Starts grant programs.

Dallas-Fort Worth International Airport moved pricing on its latest bond sale ahead by one day.

Oklahoma City Airport Trust will fund a new rental car facility at Will Rogers World Airport with $50 million of taxable revenue bonds.

Los Angeles Mayor Eric Garcetti announced his seven appointments to the city airport board that formulates policy for Los Angeles International Airport and three other airports.

The Justice Department and attorneys general from six states and the District of Columbia moved to block bankrupt American Airlines' proposed merger with US Airways under federal antitrust laws.

The Connecticut Airport Authority's board of directors voted to create an economic development incentive zone at Waterbury-Oxford Airport, said Gov. Dannel Malloy.

The MBTA defused a legal battle over disclosure, but not the controversy, by releasing details of generous payout to retired workers of Boston's transit system.

Baptist Health South Florida Obligated Group has agreed to pay $597,751 to settle Internal Revenue Service alleged tax rule violations and preserve the tax-exempt status of $800 million of hospital revenue bonds issued in 2007.

New York's Metropolitan Transportation Authority has awarded the first of three separate contracts for the East Side Access project, it announced Monday.

A report released last week by Ontario officials from an aviation consultant concludes that time is running out to transfer Ontario International to local control.

Illinois Gov. Pat Quinn has announced more than $70 million in capital grant funding for 115 hospitals across the state.

Standard & Poor's has pushed Proctor Hospital's rating deeper into junk bond territory, lowering it to BB-minus from BB-plus and warning of the potential for further deterioration by assigning a negative outlook due to its poor cash position.

The Reedy Creek Improvement District, the municipal services and financing arm of the Disney Co., plans to sell $383.56 million of tax exempt, ad valorem tax bonds starting Tuesday.

The prestigious Cleveland Clinic announced Wednesday it plans to team up with another Ohio health provider, marking the latest merger transforming the Ohio hospital landscape.

Two House members have announced that they are developing a bipartisan congressional caucus focused on infrastructure and the growing use of public-private partnerships.

Dallas County's Parkland Hospital will not lose its Medicare and Medicaid funding after a second evaluation found the charity hospital in compliance with federal standards.