Economy

Raleigh, N.C., on Monday selected transportation projects that will be funded in anticipation of voters approving a $75 million bond referendum in October.

Illinois Gov. Pat Quinn and Indiana Gov. Mike Pence opened a forum aimed at luring private contractor and investment interest in a proposed $1.3 billion expressway linking the two states.

Standard & Poor's issued a AA-plus rating to St. Louis Metro transit system's new, combined sales tax lien ahead of a planned $375 million refunding.

The Puerto Rico Senate passed a budget addressing revenue needs for the Puerto Rico Highways and Transportation Authority.

University Hospitals, one of Cleveland's largest systems, wants to acquire nearby EMH Healthcare.

Australian infrastructure giant Transurban will concede the 8.8-mile Pocahontas Parkway toll road in southeast Virginia back to its lenders because the road failed to live up to its revenue projections.

Publicly funded Denver Health and Hospital Authority is running a $1 million deficit due to its status as the hospital for the uninsured and the sequester of federal funds enacted by Congress, according to a recent report.

Honolulu officials held a bike rally on Thursday to raise awareness about street changes planned to encourage people to use the $5.2 billion elevated rail under construction on Oahu.

Municipalities throughout Virginia will receive a share of nearly $155 million in state funds to help with infrastructure projects, Gov. Bob McDonnell announced Friday.

Texas Gov. Rick Perry's veto of funding for the unit that prosecutes state corruption will not derail an investigation of a case that could involve the governor's office, the lead investigator said.

The New York State Senate confirmed Gov. Andrew Cuomo's appointment of Thomas Prendergast to serve as chairman and chief executive of the Metropolitan Transportation Authority

Moody's Investors Service has downgraded to A1 from Aa3 the Metropolitan Washington Airports Authority's $5 billion of airport revenue bonds.

Foothill/Eastern Transportation Corridor Agency's plan to refund $2.5 billion may be delayed as it waits for approval from the California transportation department.

The State Budget and Control Board approved $120 million in general obligation bonds June 18 to help with the expansion of Boeing's 787 Dreamliner plant.

A U.S. House panel has given initial approval to an appropriations bill that would slash funding from programs that support public infrastructure projects as part of an effort to cut federal transportation and housing spending by $7.7 billion.

Moody's Investors Service said it has revised the outlook on the Port of Seattle's outstanding revenue bonds to negative from stable.

Two state lawmakers from Staten Island want the Metropolitan Transportation Authority to reconsider its decision to use 15,000 tons of steel fabricated in China for repairs to the Verrazano-Narrows Bridge.

Continuing financial obligations will make Pennsylvania Turnpike debt unsustainable and tolls crushing for motorists and businesses, according to the state's auditor general.

The Texas Department of Transportation would get an additional $900 million per year in bonding authority under a constitutional amendment unanimously approved by the Texas Senate in a special session.

Dallas-Fort Worth International Airport, the top issuer in the Southwest, is pricing $367 million of revenue bonds Thursday for its $2 billion terminal remodeling program.