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  • RPT- DETROIT EMERGENCY MANAGER KEVYN ORR TO HAVE ROLE IN IMPLEMENTATION OF CITY'S BANKRUPTCY PLAN.

  • RPT-VOTE BY DETROIT CITY COUNCIL RETAINS EMERGENCY MANAGER UNTIL END OF CITY'S HISTORIC BANKRUPTCY CASE.

  • RPT- DETROIT CITY COUNCIL VOTES TO RESTORE CONTROL OVER CITY TO ELECTED OFFICIALS.

  • UPDATE 1-S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 5:01 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.

  • S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 4:42 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.

  • Detroit-area home sales hit by higher prices Thursday, 25 Sep 2014 | 9:35 AM ET

    Single-family home and condo sales fell 8 percent in the Detroit area in August as median prices jumped 15 percent.

  • DETROIT, Sept 25- Kevyn Orr will end his 18- month term as Detroit's emergency manager this week, leaving a city still mired in operational and fiscal uncertainty and arguing in court for approval of its bankruptcy plan.

  • DETROIT, Sept 24- The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general reported on Wednesday. In April, Treasury said it lost $11.2 billion on the $49.5- billion GM bailout.

  • DETROIT, Sept 22- A federal bankruptcy judge on Monday heard testimony from low-income families in Detroit who say they suffered hardships when the city cut off their water with no warning and are suing to prevent such shutoffs from happening again.

  • DETROIT, Sept 22- Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not start.

  • EXCLUSIVE-LAW FIRMS BINGHAM, MORGAN LEWIS, AGREE TO MERGE. Sept 20- Leaders of two of the United States' largest law firms, Boston- based Bingham McCutchen and Philadelphia's Morgan Lewis& Bockius, have agreed to merge, according to three people familiar with the matter.

  • Chrysler recalling nearly 189,000 SUVs Saturday, 20 Sep 2014 | 10:14 AM ET
    2014 Jeep Cherokees

    Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.

  • A deal Detroit reached last week with Oakland, Wayne and Macomb counties creates a regional water and sewer authority, but allows Detroit to maintain control of its local system.

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 12:00 p.m. ET Friday, 19 Sep 2014 | 12:01 PM ET

    Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.

  • LONDON, Sept 19- The zinc rally has run out of steam. But the benchmark LME three-month price has over the last couple of weeks retreated from above $2,400 per tonne to a current $2,260. The LME's Commitments of Traders Report showed money managers trimming their net long position by 12,271 lots, or 306,775 tonnes, in the week to Sept. 12.

  • First sales in the United States are likely by the end of 2015, and sales in China about the same time, said Cadillac spokesman David Caldwell. If there is a lag between introduction in the United States and China, it will be a short one, he said.

  • GM's Cadillac to introduce high-end model Friday, 19 Sep 2014 | 7:36 AM ET

    DETROIT, Sept 19- As it strives to energize its Cadillac brand that once dominated the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.. Its public debut will be in the first half of 2015. It will be built at GM's Detroit- Hamtramck plant.

  • DETROIT, Sept 18- The Detroit Institute of Arts is prepared to sue to prevent the sale of its collection if Detroit's plan for exiting bankruptcy is not approved, the museum's chief operating officer told U.S. Bankruptcy Court on Thursday.

  • DETROIT, Sept 18- A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said.

  • BEIJING/ DETROIT, Sept 18- Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.