A federal judge's approval of Detroit's settlement with two banks marks a turning point in the city's reorganization.
A U.S. Bankruptcy Court judge approved Detroit's third try at settling costly interest-rate swap agreements.
CNBC's Scott Cohn reports the judge in Detroit's bankruptcy has approved an $85 million settlement between the city and Bank of America and UBS over swaps contracts.
Detroit has reached a settlement with bond insurers over treatment of the city's bankruptcy debt, emergency manager Kevyn Orr told CNBC.
Kevyn Orr, City of Detroit emergency manager, discusses the deal reached this morning with bond insurers over the treatment of some bonds. Some municipal bondholders will get back as much as 74 cents on the dollar.
Jeff Boyer, a General Motors veteran, has been appointed vice president of global vehicle safety, effective immediately.
Chrysler is unveiling its largest and most technologically advanced factory in Sterling Heights, Michigan, just North of Detroit, reports CNBC's Phil LeBeau.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
Detroit looks to emerge as at least a survivor if not a winner from its bankruptcy, with bondholders and municipal borrowers the biggest losers.
Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox
Detroit faces a long legal fight over its valuable art collection, a bond insurer argued.
CNBC's Rick Santelli and Jane Ridley, Standard & Poor's analyst, discuss differences and similarities between the finances of the "windy city," versus the "motor city."
The judge in the historic Detroit bankruptcy has laid out the next steps for city, which could have the it emerging from bankruptcy by fall.
The attacks on the blueprint unveiled Friday mark the start of the kind of litigious, acrimonious battle city officials are hoping to avoid.
More than five years after the financial crisis, dozens of states and other entities are still feeling the hangover from risky bond bets.
Detroit's emergency manager filed a plan for emerging from the largest municipal bankruptcy in U.S. history.
Detroit's emergency manager has filed a plan detailing the city's eventual exit from bankruptcy, reports CNBC's Carl Quintanilla.
The city of Detroit is expected to release its restructuring plan in the next few days amid another bankruptcy hearing. CNBC's Scott Cohn explains the implications of Detroit's bankruptcy on the municipal bond market.
Detroit this week is expected to reveal its plan to settle with its creditors and emerge from bankruptcy.
Meryl Davis and Charlie White won the first ever U.S. gold in ice dancing. Both discuss what drew world class ice dancing coaches to Detroit.