Economy

Rochester, Minn.-based Mayo Clinic hopes to land $500 million of state bonding help over the next two decades to support a proposed $5 billion capital improvement and economic development plan that aims to both improve its own facilities and remake its home city.

Increase in passenger traffic at John Wayne Airport in Santa Ana, Calif. partly attributed to new international terminal offerings.

New York's Metropolitan Transportation Authority must consider the age of its subway system and a strained budget when considering technical enhancements, officials said.

New York's MTA said it saved $310 million by terminating three leveraged lease agreements that exposed itself to downgraded bond insurer Assured Guaranty.

Los Angeles and San Diego are both crafting plans to rectify years of deferred maintenance resulting in crumbling city streets and sidewalks.

Texas Gov. Rick Perry called for a constitutional amendment that would allow $1.8 billion in tax relief and a budget that would use $3.7 billion from the rainy day fund for water and transportation projects.

U.S. airports have $71.3 billion in capital needs through 2017, a major airport interest group said Tuesday, a funding goal that they are not on track to meet.

Public-private partnerships are "toxic" to a lot of people and the mere mention of them can hinder projects, California Treasurer Bill Lockyer said Tuesday. Lockyer said, "Avoid talking about public-private partnerships. They are toxic with a lot of people."

Joan Marron has taken over as executive director and head of Morgan Stanley's health care group after former co-head David Ertel left for another job.

Yale-New Haven Hospital is scheduled to come to market Thursday with a $232 million sale of revenue bonds in three series. Barclays is lead manager.

Wisconsin is readying up to $246 million of transportation revenue bonds as lawmakers tackle an agenda that includes funding for the state's pressing transportation needs.

A bill pending in the Maryland Senate would require the state transportation authority to begin exploring the possibility of a bond-financed bridge across the Chesapeake Bay.

Standard & Poor's has revised its outlook on St. Louis-based St. Anthony's Medical Center's A-plus rating to negative from stable due to operating losses.

Fitch Ratings last week upgraded to BBB from BBB-minus its rating on The Methodist Hospitals, reflecting the northwest Indiana system's improving financial performance.

New York's Metropolitan Transportation Authority achieved about $1 billion in present-value savings from its 2012 refundings, according to officials.

Ray LaHood, a big supporter of high-speed rail and the Dulles Silver Line project, plans to step down as Transportation Secretary after a successor is nominated and confirmed by the Senate.

Kyle voters are expected to decide in May on up to $35.3 million of city general obligation bonds to finance road reconstruction in the town near San Antonio

The two-year proposed state operating budget from Kansas Gov. Sam Brownback draws $560 million from the DOT highway fund to cover non-transportation needs.

Amid major changes in health-care finance, Phoenix Children's Hospital will refund $284.6 million of revenue bonds used to build an 11-story tower.

Officials at New York's Metropolitan Transportation Authority are studying the use of technology to minimize subway commuter deaths, but admit it won't come cheap.