Economy

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.

The California Supreme Court ruled in the Expo Line's favor on environmental challenges that could have shut down the $1.5 billion second phase of the light rail project linking Los Angeles and Santa Monica.

The privately owned Branson Airport LLC in Missouri --which is in default on its $113 million of municipal debt -- has filed a lawsuit against a group of airport contractors accusing them of faulty work.

Denver's plan to develop an "Airport City" at Denver International Airport faces challenges from neighbors who say they are already leading the way.

The Treasury Department agrees with Rep. Jim McDermott, D-Wash., that 16-year-old safe harbor provisions for tax-exempt health care bonds need to be updated so they won't conflict with health care reform.

A senior democrat on the U.S. House of Representatives Transportation and Infrastructure Committee has introduced a bill that would reauthorize a popular federal transportation grant program and set aside a portion of the program's funds for small and medium sized cities.

Ambac Assurance Corp will make supplemental payments on some policies in a segregated account that the company established to hold troubled liabilities during its bout with bankruptcy.

Tucson City Council will decide on a temporary hospital tax as a match for federal reimbursement of uninsured patient care.

Vermont expects to reduce its unfunded health care liability by $150 million through a waiver plan crafted by its teachers retirement system and Treasurer Beth Pearce.

After three special sessions, Texas lawmakers have passed a $1.2 billion transportation bill that appeared to satisfy outgoing Gov. Rick Perry.

Moody's Investors Service has revised its outlook on Fairview Health Services' A3 rating to stable from negative in recognition of its improved operations.