An auction in Motor City of around 6,000 foreclosed properties found an mystery bidder who has offered $3.2 million for the buy.» Read More
The Michigan Appeals Court has halted the challenges facing the Detroit bankruptcy, and a Federal court hearing is still scheduled for Wednesday. CNBC's Scott Cohn has all the details.
A Michigan Appeals Court panel said on Tuesday it halted three lawsuits seeking to derail Detroit's historic municipal bankruptcy filing.
Detroit's bankruptcy is full steam ahead, reports CNBC's Scott Cohn. Reuters says the Michigan Appeals Court has halted the challenges to Detroit's bankruptcy filing.
Detroit has paid about $20 million in consulting contracts including Kevin Orr's law firm, and labor unions are wondering why the city is too broke to pay its retirees' pensions. CNBC's Scott Cohn digs into the battle, with Don Peebles of The Peebles Corporation.
If Detroit gets its way in bankruptcy court, the cost of borrowing for cities and states could spike, the CEO of bond insurer Assured Guaranty warns on CNBC.
Ford will hire a total of 3,000 workers this year, including 800 white collar workers, reports CNBC's Phil LeBeau. The Big 3 are on a hiring spree, despite Detroit filing for bankruptcy.
Dominic Frederico, CEO, Assured Guaranty Ltd., talks about his company's exposure in light of Detroit's bankruptcy. The solution has to involve growth, at some level, says Frederico. With Wilbur Ross.
Discussing ways to help Detroit grow, with Rep. Charles Rangel (D-NY), and James Kemp of the Jack Kemp foundation.
A state judge has ruled Detroit's bankruptcy as unconstitutional because the state constitution protects employee pensions, reports CNBC's Scott Cohn. The Federal judge Steven Rhodes in the case is not waiting for that hearing and has set a hearing for Wednesday.
Detroit's bankruptcy goes to court Wednesday, even as other lawsuits seek to block a plan to restructure the city's more than $18 billion in debt.
A Federal judge approved the expedited hearing for Detroit's bankruptcy case, reports CNBC's Scott Cohn. Also, a look at the likelihood the same thing could happen in Chicago, with Phil Rosenthal of the Chicago Tribune.
The art owned by Detroit is estimated to be worth at least $1 billion, reports CNBC's Robert Frank. Talk of a sale has sparked outrage from cultural groups.
As Detroit files for bankruptcy, one of the most prominent players in the city's real estate market said there remains strong demand - it just depends on where you look.
A Federal Judge in Detroit has granted an expedited hearing on the city's bankruptcy, reports CNBC's Scott Cohn.
Daniel Stern of Lormax Stern Development discusses the improvement in Detroit real estate and the impact of the city's bankruptcy on services.
Sandy Baruah, CEO, Detroit Chamber of Commerce, discusses what the city can do to draw businesses and keep the ones already there.
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
A ruling in state court raised questions about whether Detroit's bankruptcy will stand up to court review.
Carol Roth, the author of "The Entrepreneur Equation," discusses whether Detroit's bankruptcy is a warning sign for other cities; and Lanny Davis, author of "Crisis Tales"; Jennifer Stefano, Americans for Prosperity PA state director; and Mark Simone, WOR Radio talk show host, weigh in.
Detroit's bankruptcy cites more than $18 billion in debts, but the city has one asset that could help its balance sheet considerably: its art collection.