A state judge has ruled Detroit's bankruptcy as unconstitutional because the state constitution protects employee pensions, reports CNBC's Scott Cohn. The Federal judge Steven Rhodes in the case is not waiting for that hearing and has set a hearing for Wednesday.
A Federal judge approved the expedited hearing for Detroit's bankruptcy case, reports CNBC's Scott Cohn. Also, a look at the likelihood the same thing could happen in Chicago, with Phil Rosenthal of the Chicago Tribune.
Carol Roth, the author of "The Entrepreneur Equation," discusses whether Detroit's bankruptcy is a warning sign for other cities; and Lanny Davis, author of "Crisis Tales"; Jennifer Stefano, Americans for Prosperity PA state director; and Mark Simone, WOR Radio talk show host, weigh in.
The latest Lundberg Survey finds the average pump price of regular is $3.59 a gallon, midgrade is $3.77 and premium $3.91.
At the heart of Illinois is Chicago, the nation’s third-largest metro area and home to world-class institutions including the Chicago Symphony and the Art Institute of Chicago.
The threat of less central bank stimulus and higher interest rates crushed emerging markets more than most recently. And some investors see deals.
Gah! Connecting flights can be maddening for travelers. Here are the 10 worst airports for connections.
Food trucks for dogs are rolling through a growing number of cities, selling canine versions of cookies, ice cream and other treats.
The average price of gasoline in the United States dipped over the past two weeks thanks to large falls in Midwestern states, a survey issued on Sunday showed.
Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.
Bank of America's proposed $8.5 billion settlement offers investors more than they are likely to get if they go to trial, a lawyer argued Monday.
Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.
Chicago Fed President Charles Evans said the Fed has the appropriate level of monetary accommodation in place to let the reach "escape velocity" next year.
Occidental Petroleum shareholders voted Friday to oust longtime Chairman Ray Irani.
A plan to renovate 99-year-old Wrigley Field will be a 'great deal' for Chicago's economy, according to Cubs owner Tom Ricketts.
Tom Ricketts, Chicago Cubs owner & chairman, provides details on his plans to renovate the 99-year old ballpark.
The Fed's low interest policies are enabling companies to replace people with machines, Citadel head Ken Griffin tells the Milken Institute conference.
Gold is up almost 9 percent over the past 10 days. Don Luskin, Trend Macro, shares his economic outlook.
Goldman Sachs Group Inc's board awarded Chief Executive Lloyd Blankfein a 75 percent increase in compensation, to $21 million, for 2012 - including pay, bonus and restricted stock award.
Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.