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Rick Snyder

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  • Jan 10- Projections on Friday that Michigan's revenue will top a previous forecast for the current budget and will steadily climb over the next two fiscal years is setting up a fight over how that money should be used.

  • DETROIT, Dec 11- A decade ago Les Cadman stopped making improvements to his small house in Detroit's declining Delray district because it stood in the path of a proposed bridge to Windsor, Ontario, the bustling Canadian city just across the Detroit River.

  • FACTBOX-Key points of Detroit bankruptcy ruling Tuesday, 3 Dec 2013 | 7:42 PM ET

    Dec 3- A federal judge on Tuesday ruled Detroit is bankrupt, which clears the way for potential cuts to the city workers' pensions and could mean steep losses for the city's bond holders. -The city of Detroit is insolvent and eligible to file for municipal bankruptcy under Chapter 9 of the federal bankruptcy code.

  • DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.

  • DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.

  • DETROIT, Dec 3- Detroit is eligible for the biggest municipal bankruptcy in U.S. history because the city is broke and negotiations with its thousands of creditors were unfeasible, a federal judge said on Tuesday in a wide-ranging ruling that also said the city could cut retiree pensions.

  • If Rhodes rules Detroit is eligible for bankruptcy, which most experts expect, the city will begin working toward its next major move, the submission of a plan to readjust its more than $18 billion in debt.

  • DETROIT, Nov 25- The judge overseeing Detroit's historic bankruptcy petition set Dec. 3 as the date for issuing his decision on whether the cash-strapped city qualifies as bankrupt under federal law, according to a court filing posted Monday.

  • Nov 25- The judge overseeing Detroit's historic bankruptcy petition set Dec. 3 as the date for issuing his decision on whether the cash-strapped city qualifies as bankrupt under federal bankruptcy law, according to a court filing posted Monday. Judge Steven Rhodes will hand down his ruling in federal bankruptcy court in Detroit at 9 a.m. that day.

  • Nov 20- J.C. Penney Co Inc on Wednesday said November sales were encouraging and popular house brands were lifting gross profit margin, suggesting the struggling department store operator is turning a corner.

  • Michigan board approves 30-year Belle Isle lease Tuesday, 12 Nov 2013 | 4:48 PM ET

    LANSING, Mich., Nov 12- A Michigan emergency loan board on Tuesday approved a plan for the state of Michigan to lease Belle Isle park from Detroit for 30 years, with possible extensions up to 60 years, rejecting a competing plan from Detroit's city council that would have limited the initial lease period to 10 years.

  • DETROIT, Nov 8- Detroit on Friday wrapped up its effort to prove that it is eligible for the largest municipal bankruptcy in U.S. history, clashing with unions, retirees and pension funds over whether good faith negotiations were feasible before the city filed for court protection on July 18.

  • NEW YORK, Nov 8- Michigan Governor Rick Snyder is optimistic that Detroit's bankruptcy case can be wrapped up during the remaining tenure of the emergency manager he installed to run the cash-strapped city, he said Friday. Orr has said he expects to depart by September, 2014 at which point he also expects Detroit to emerge from bankruptcy.

  • DETROIT, Nov 8- Detroit tried in good faith to negotiate an out-of-court settlement with creditors before declaring bankruptcy on July 18, even though it suspected that default was unavoidable, a lawyer for the city told a court on Friday.

  • Nov 8- Two insurance companies that guaranteed payments on Detroit's voter-approved general obligation bonds sued the city in U.S. Bankruptcy Court on Friday over its Oct. 1 default on $9.37 million in payments due to bondholders.

  • DETROIT, Nov 4- Detroit's unions called witnesses on Monday to testify that the city does not belong in bankruptcy including representatives of a union and retirees who said a negotiated settlement of the city's debts had been possible before it filed for bankruptcy in mid-July.

  • *Voters to choose Tuesday between Mike Duggan and Benny Napoleon. *He would be Detroit's first white mayor in nearly 40 years. DETROIT, Nov 4- Detroit, saddled with $18 billion in debt, has filed for bankruptcy.

  • DETROIT, Oct 28- Michigan Governor Rick Snyder defended Detroit's bankruptcy filing on Monday, stating in court that he followed the state and federal constitutions while addressing fiscal issues that had built up in Detroit for more than half a century.

  • DETROIT, Oct 28- Detroit's emergency manager painted a picture of a city in dire financial straits in testimony on Monday, with budgets so strained that bumpers were falling off police cars, as he laid out the city's case of why a municipal bankruptcy filing was the only way back to health.

  • DETROIT, Oct 25- Detroit Emergency Manager Kevyn Orr did not speak about filing for Chapter 9 municipal bankruptcy in his first meetings with Michigan state officials before he was named to his post, according to testimony he delivered on the third day of the city's bankruptcy eligibility trial.

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