In the 1930s, several cities along the Delaware River proposed the construction of the largest dam east of the Mississippi, at Tocks Island, upstream of the Delaware Water Gap. The dam would generate electricity for the growing cities of Philadelphia and New York, and the resulting 37-mile-long lake would provide water to their residents.
Delaware River Port Authority , the Philadelphia toll-bridge operator that lost more than $60 million on derivative bets, plans to borrow $320 million as weekly issuance falls to the lowest in 10 months.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
The mayor of Lambertville, New Jersey, who performed one of the state’s first civil unions in 2007, said he plans to marry one of those same couples on Oct. 21 after a judge ruled that same-sex marriages must be allowed.