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  • Business Highlights Tuesday, 2 Sep 2014 | 5:43 PM ET

    NEW YORK— Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers. Airlines today are juggling terror warnings in Britain, the Ebola outbreak in Africa and an Icelandic volcano erupting and threatening to close down European airspace.

  • *Carmaker says cash crunch delayed redesigned new models. Aston Martin dealers cannot sell DB 9 and Vantage models produced after Aug. 31.

  • DETROIT, Sept 2- The key hearing on the biggest municipal bankruptcy in U.S. history started on Tuesday in a federal courtroom, where teams of attorneys began laying out arguments over Detroit's plan to adjust $18 billion of its debt.

  • Where things stand with Detroit's bankruptcy plan Tuesday, 2 Sep 2014 | 2:19 PM ET

    DETROIT— More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. For decades, Detroit paid its bills by borrowing money while struggling to provide the most basic of services for residents.

  • BUSINESS-NEWS-SCHEDULE AT 1500 GMT / 11:00 a.m. ET Tuesday, 2 Sep 2014 | 11:02 AM ET

    Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.

  • Some fear auto industry returning to bad habits Tuesday, 2 Sep 2014 | 10:58 AM ET

    Six- or seven-year loans, in some cases to buyers who would have been turned down in the past. As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road. Vehicle discounts have risen 5.5 percent from a year ago.

  • Private equity firm to buy Compuware for $2.5B Tuesday, 2 Sep 2014 | 10:24 AM ET

    That price includes mostly cash and some stock from Compuware spinoff Covisint. Compuware Chairman Gurminder S. Bedi said in a statement that the deal will give shareholders an immediate cash value and provide an opportunity to complete the spinoff of Covisint, which went public in September 2013.

  • Attorney: Detroit needs debt plan to survive Tuesday, 2 Sep 2014 | 1:19 AM ET

    Bruce Bennett said during his opening statement before federal Judge Steven Rhodes that Detroit has operated in distressed conditions for so long that it requires vast amounts of investment.

  • DETROIT, Sept 2 Reuters)- Detroit's plan to recover from bankruptcy includes several blueprints for a new future. "What Detroit needed to start with was a reinvestment program," said James Spiotto, managing director of Chapman Strategic Advisors, a municipal finance consultancy.

  • Obama: 'Revving' economy calls for higher wages Monday, 1 Sep 2014 | 3:39 AM ET

    MILWAUKEE, Wis.— Taking a bullish stand on the economy, President Barack Obama is renewing his call for an increase in the minimum wage, looking to give Democrats an issue on which to campaign going into November's midterm congressional elections.

  • Detroit raced toward this week's bankruptcy trial Sunday, 31 Aug 2014 | 10:18 AM ET

    Massive debt, thousands of creditors and complex union and pension issues had many experts thinking Detroit's bankruptcy would take years to resolve, considering two California cities— Stockton and San Bernardino— filed a year before Detroit did and still haven't settled on plans.

  • Scale will matter for success of New York casinos Sunday, 31 Aug 2014 | 10:07 AM ET

    Casinos are closing in Atlantic City, while new ones are opening in Maryland and Massachusetts.

  • NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.

  • DETROIT, Aug 29- U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.

  • Business events scheduled for the coming month Friday, 29 Aug 2014 | 12:39 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Business events scheduled for the coming week Friday, 29 Aug 2014 | 12:15 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Fiat-Chrysler stock should be on market soon Friday, 29 Aug 2014 | 11:07 AM ET

    Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. The combined company would move its tax headquarters to London and list its shares on the New York Stock Exchange. Fiat SpA will announce the final tally by Sept. 4.

  • Lawyer: Rosa Parks artifacts sold for $4.5M Friday, 29 Aug 2014 | 7:21 AM ET

    DETROIT— Hundreds of items that belonged to civil rights icon Rosa Parks and have been sitting unseen for years in a New York warehouse were sold to a foundation run by the son of billionaire investment guru Warren Buffett, the younger Buffett said Thursday.

  • Detroit gets $275 million financing from Barclays Friday, 29 Aug 2014 | 2:45 AM ET

    DETROIT— Detroit's state-appointed emergency manager says Barclays PLC will provide $275 million to fund the city's exit from bankruptcy. The trial to determine if Detroit gets out of bankruptcy is scheduled to start Sept. 2. The Michigan Finance Authority will issue bonds that Barclays will purchase.

  • Aug 28- Barclays PLC has agreed to raise up to $275 million to fund Detroit's exit from municipal bankruptcy, the city announced on Thursday. The financing will involve financial recovery bonds issued through the Michigan Finance Authority then purchased by Barclays at a price equal to par, according to deal's term sheet.