The city of the broad shoulders is facing its own financial problems, but comparisons to Detroit are far off the mark.» Read More
People were curious to see how Mary Barra would handle delivering bad news on her first earnings call as CEO of General Motors.
Mediators in the Detroit bankruptcy case say the city and its retirees have reached an agreement on health insurance benefits.
A pivotal step for Detroit's rebuilding efforts has been reached, amid the largest municipal bankruptcy in U.S. history.
The mediators in the Detroit bankruptcy say they now have $370 million in private money for the city. But will the funds close the pension gap?
The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.
CNBC's Scott Cohn reports that Gov. Rick Snyder has introduced a $350 settlement designed to pay Michigan retirees who would otherwise face pension cuts.
Michigan Gov. Rick Snyder will support an aid package to protect the pensions of Detroit retirees, mediators say.
Holstee founder Michael Radparvar explains how Kickstarter has helped the Brooklyn start-up partner with organizations in Detroit.
A bankruptcy judge says Detroit can't proceed with a plan to extricate itself from costly long-term financial contracts by paying $165 million to two big banks. The NYT reports.
CNBC's Scott Cohn reports Detroit's bankruptcy judge said the city's interest-rate swap agreement is "too high a price to pay" and has rejected the deal.
GM will pay the first quarterly dividend on its common stock in almost six years, marking another step in the automaker's recovery from bankruptcy.
P.J. O'Rourke, journalist and author, describes how the application of Hong Kong economics may benefit the bankrupt U.S. city.
Donors have put up $330 million to help Detroit with its underfunded pensions and head off the possibility the city would have to sell its art.
"We are entering a new era," Mercedes-Benz development chief Thomas Weber said.
Industry analysts and planners look forward to stronger sales in the new year.
UBS and Bank of America are the only creditors to reach a settlement with Detroit to let the city out of $230 million contracts. The NYT reports.
The judge who authorized Detroit’s historic bankruptcy is refusing to allow appeals of his ruling until after the reorganization is complete.
A key component in Detroit's plan to exit bankruptcy will either be renegotiated over the next week or possibly face litigation, an attorney says.
Ford said it expects lower pretax profit in 2014, and that targets for global automotive operating margin are at risk.
Detroit's bankruptcy recovery begins as a bond insurance firm drops objections to a controversial financing plan to reach agreements with the city.