Economy

The Tuomey Healthcare System in South Carolina Tuesday notified investors that S&P downgraded its bonds to BB because of a federal court ruling that could render it insolvent.

New York's MTA will begin its $500 million sale of Series 2013C transportation revenue bonds with a retail order period Wednesday, with JPMorgan as lead manager.

Moody's Investors Service has lowered Mercy Hospital's rating one level to A3 due to declines in its operating performance.

Chicago is seeking to reduce the size of the $58 million award an independent arbitration panel ruled the city owes private operators of four downtown city and park district-owned parking garages.

A majority of investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to give the struggling Ozarks air field more breathing room to bolster operations.

Atlanta-area businesses agreed to tax themselves to secure $10 million in bond financing to help reconstruct one of the region's busiest and most congested interchanges.

Indiana Thursday put out a request for qualifications seeking developers interested in a $400 million project to rebuild a section of I-69, the latest in a series of P3s that state officials say make them a leader in the sector.

The Los Angeles County Metropolitan Agency will be seeking approval from its board in June on borrowing totaling $10.2 billion through 2026 to complete the rail transit network.

Soaring gasoline prices are the result of price increases for crude oil, not federal and state gas taxes, which must be raised to help pay for transportation infrastructure improvements, the Institute of Taxation and Economic Policy said in a recently released paper.

Michigan Gov. Rick Snyder and GOP leaders have reached an agreement on spending targets for 2014, but Snyder said the $50 billion plan fails to address some long-term issues, including Medicaid and road funding.

The Virginia Department of Transportation begins a series of meetings to take public comment on the draft six-year work program being considered by the Commonwealth Transportation Board.

The Federal Railroad Administration and Georgia Department of Transportation are preparing a study to evaluate high-speed passenger rail service between Atlanta and Charlotte, N.C.

A proposed merger between Beaumont Health System and Henry Ford Health System was cancelled Tuesday.

Lambert-St. Louis International Airport received a triple dose of good credit news last week when Moody's Investors Service followed Fitch Ratings in upgrading the airport's credit and Standard & Poor's revised its outlook.

The Illinois Health Facilities and Services Board last week signed off on two planned hospital mergers in the Chicago area.

Chicago began notifying its retirees this week that most will lose their healthcare subsidies over the next few years as Mayor Rahm Emanuel's administration seeks to shed a rising cost.

Transportation Corridor Agencies said Neil Peterson will become its new chief executive officer.

The Dormitory Authority of the State of New York has approved the sale of $2.4 billion in bonds.

New York’s Metropolitan Transportation Authority on Thursday announced short- and long-term initiatives designed to mitigate the effects of Hurricane Sandy-type storms.

A bill that would tax energy-efficient vehicles for using the road is moving through the Oregon legislature, according to local reports.