Economy

A bonding authority that oversees Connecticut's six state-owned airports, including the flagship Bradley International Airport in Windsor Locks, is up and running.

BRADENTON, Fla. - Georgia Gov. Nathan Deal on Tuesday announced the completion of a deal allowing Toyo Tire North America Manufacturing to expand its plant and add up to 470 new jobs in exchange for $910 million of bonding capacity to help finance the project.

DALLAS - The board overseeing the construction of a proposed $1.2 billion state hospital in New Orleans decided Wednesday to take another look at the proposed financing.

Moody's Investors Service has downgraded the Los Angeles County Metropolitan Transportation Authority's $1.2 billion of Proposition C sales tax revenue bonds one notch to Aa3 because of weaker coverage.

BRADENTON, Fla. - Atlanta is preparing to price $372 million of senior general revenue refunding bonds next week as the first of two deals this year for the world's busiest airline hub, Hartsfield-Jackson Atlanta International Airport.

House Republicans are trying to divert $1 billion dollars of high-speed rail funding still left in the federal government's coffers from President Obama's stimulus program toward flood-control aid in the Midwest.

BRADENTON, Fla. - The Kentucky Transportation Cabinet on Monday filed a motion in federal court to intervene in a lawsuit that the agency believes could delay the long-planned Ohio River Bridges Project.

DALLAS - Amid major expansions, Texas' top two toll road authorities are preparing variable-rate refundings expected to total about $200 million.

Moody's Investors Service has upgraded Loyola University Chicago's rating one level to A2 following the completion of the school's sale of its health system to Trinity Health on June 30.

A bill recently introduced in the House would create new tax-credit bonds to help state and local governments finance charging stations for plug-in electric cars.

The Internal Revenue Service closed a routine audit without changing the tax-exempt status of $147.5 million of auction-rate securities sold by the New Mexico Hospital Equipment Loan Council in May 2004.

DALLAS — The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.

Fitch Ratings has placed on watch the BB-minus rating on $747.7 million of Series 2007A revenue bonds issued by the Allegheny County Hospital Development Authority on behalf of the West Penn Allegheny Health System of Pittsburgh.

Fitch Ratings has affirmed its stable outlook and A-minus rating for the University of Medicine and Dentistry of New Jersey.

Quincy Medical Center Inc. has sought bankruptcy protection as a part of a plan for Steward Health Care System LLC of Boston to take it over.

WASHINGTON — The House Transportation Committee chairman said Thursday he wants bond provisions in a bill he plans to introduce that would fund highway and transit programs for six years.

Washington Gov. Christine Gregoire announced she has formed a task force this week to develop a 10-year investing and funding plan for the state's transportation system.

Leaders of the House and Senate transportation committees are preparing two significantly different bills to reauthorize highway and transit programs after the current law expires on Sept. 30.

Milwaukee-based Robert W. Baird & Co. is moving into the health care and senior-living financing sectors with the new hire of a public finance banking veteran.

Arkansas Gov. Mike Beebe will call a statewide election on a proposal to renew the state's existing $575 million Garvee road bond program.