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  • Aug 14- The Detroit City Council on Thursday approved four bond issues to raise cash to pay settlements with some city creditors, according to the city clerk's office, offering a glimpse at how Detroit intends to finance its exit from the biggest-ever municipal bankruptcy.

  • Ambac was also negotiating on behalf of Erste Europäische Pfandbrief-und Kommunalkreditbank AG, the holder of the bonds, and Wells Fargo Bank, the bond trustee and the flagship bank of Wells Fargo& Co. Details of the negotiations are subject to a judicial gag order.

  • Ford recalls 83,250 cars and SUVs Thursday, 14 Aug 2014 | 6:56 PM ET

    DETROIT— Ford is recalling 83,250 vehicles because a faulty part could cause them to lose power or roll away if they're parked. The recall involves the 2012-2014 Ford Edge and Lincoln MKX; the 2013-2014 Ford Flex and Lincoln MKT; and the 2013-2014 Ford Taurus and Lincoln MKS.

  • Aug 14- A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on the debt.

  • CHICAGO, Aug 14- Farmland prices in the U.S. Plains and Corn Belt states were steady to higher in the second quarter despite lower grain profits as crop prices fell, according to Federal Reserve Bank quarterly surveys issued on Thursday.

  • BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday, reaffirming the automaker's long-term plans despite a sharp downturn in the local market.

  • Aug 14- A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on the debt.

  • Aug 13- A federal judge on Wednesday once again delayed the start of the key phase of Detroit's historic bankruptcy case, pushing it to Aug. 29 from Aug. 21.

  • UPDATE 1-Start of Detroit bankruptcy trial delayed a week Wednesday, 13 Aug 2014 | 6:04 PM ET

    Bankruptcy Judge Steven Rhodes on Wednesday pushed the start of the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history to Aug. 29 from Aug. 21, with opening statements scheduled for the following Tuesday, Sept. 2.

  • AURELIUS SAYS NO PROPOSALS IT MADE TO PRIVATE PARTIES TO TRY TO SETTLE THE ARGENTINE DEBT DISPUTE "RECEIVED A PRODUCTIVE RESPONSE".

  • AURELIUS SAYS NO PROPOSAL RECEIVED FROM PRIVATE PARTIES WERE REMOTELY ACCEPTABLE.

  • Michigan jobless rate up 0.2 points to 7.7 percent Wednesday, 13 Aug 2014 | 2:53 PM ET

    LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate rose 0.2 percentage points to 7.7 percent in the latest month. The Michigan Department of Technology, Management& Budget released the July employment report Wednesday. The state says that Michigan's civilian labor force remained stable at 4.744 million in July.

  • DETROIT, Aug 13- General Motors Co will start construction this fall on a $174 million stamping plant in Lansing, Michigan, that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday. The ATS and CTS are built at the Lansing Grand River assembly plant.

  • To achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc..

  • Flooding slows production at Detroit automakers Wednesday, 13 Aug 2014 | 8:01 AM ET
    A stranded motorist awaits rescue on the Southfield Freeway, Aug. 11, 2014, in Dearborn, Mich.

    One Chrysler worker's Jeep stalled on a flooded entrance highway ramp and she had to swim to safety.

  • Kellogg wants suppliers to report carbon emissions Wednesday, 13 Aug 2014 | 7:10 AM ET

    TRAVERSE CITY, Michigan— Kellogg said Wednesday it will step up efforts to reduce planet-warming emissions in its supply chain as part of a broader initiative designed to be more environmentally friendly.

  • Deadline to clear up health law eligibility near Wednesday, 13 Aug 2014 | 3:09 AM ET

    WASHINGTON— The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law. Of the 8 million people who signed up for private coverage through President Barack Obama's law, more than 2 million at one point had discrepancies of some sort that affected their eligibility.

  • GM says China venture contacted by regulators Wednesday, 13 Aug 2014 | 1:01 AM ET

    BEIJING— General Motors Co.' s main China joint venture has joined automakers that say they have been contacted by Chinese anti-monopoly regulators as part of an investigation of the industry. Mercedes Benz, Toyota's Lexus luxury brand and Japanese parts suppliers also are under scrutiny.

  • Aug 12- The bankrupt city of Stockton, California, on Friday submitted a revised plan to exit Chapter 9 that reflects the judge's ruling over the value of a holdout creditor's collateral, but a larger question still looms over whether public pensions will be cut.

  • Aug 12- A federal judge could once again push back the start date for the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history after some creditors said on Tuesday a possible settlement is snarling key components of the restructuring plan.