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30 min ago | Detroit News
A group of retirees joined the city's pension funds and its largest union Wednesday in trying to appeal the city's bankruptcy eligibility to the U.S. 6th Circuit Court of Appeals.
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Orr fielded questions and spoke of the city's financial state at the culmination of the council's three-day orientation at the Wayne State University Alumni House.
Dave Bing delivered his final official speech as Detroit's mayor on Wednesday, proclaiming that the city is much stronger now than it was four years ago despite going through the largest municipal bankruptcy in U.S. history.
An auction is being held for the intellectual property of former Red Sox pitcher Curt Schilling's bankrupt video game company.
A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.
On Dec. 3, Detroit became the largest city in America to be allowed to enter bankruptcy protection .
Waters from a leaking pipe flows down steps at the Caroline Crosman School in Detroit Tuesday, Oct. 29, 2013.
A judge gave preliminary approval Tuesday to failed electric-vehicle maker Fisker Automotive's description of its proposed bankruptcy plan, despite expressing concerns that the bankruptcy case was moving too rapidly.
A Delaware bankruptcy judge has approved court documents outlining a sale process for failed electric-vehicle maker Fisker Automotive.
That's $10 million more than the only deal the casino has been able to put together to sell itself when a sale to the PokerStars website fell through earlier this year.
That's the label the International Monetary Fund was on the verge of slapping on Beijing's currency in September 2008 after a hard-fought and year-long battle led by the U.S. Treasury.
When one of the biggest private education firms in Sweden went bankrupt earlier this year, it left 11,000 students in the lurch and made Stockholm rethink its pioneering market reform of the state schools system.
As you know, Simmons First National Corp. of Pine Bluff recently closed on its $53.6 million acquisition of Metropolitan National Bank of Little Rock.
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The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse.
In this March 22, 2012 photo is Judge Steven Rhodes in Detroit. Rhodes, overseeing Detroit's bankruptcy case, is making sure that the impact on people is front and center in his courtroom.