The FBI has failed to find remains of ex-Teamsters leader Jimmy Hoffa in a field outside suburban Detroit, with the "Power Lunch" crew. The search goes on.» Read More
June 17- Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.
NEW YORK/ DETROIT, June 17- Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from several rival auto parts suppliers faltered, according to several people familiar with the matter.
COVERT TOWNSHIP, Mich.-- Entergy Corp. on Monday restarted the Palisades Nuclear Power Plant in southwestern Michigan after finishing repairs to a water tank that leaked slightly radioactive water into Lake Michigan. New Orleans- based Entergy idled the plant May 5 after operators found a tank leaking faster than regulations allow.
*Starboard: Selling pieces could net $44- $55/ shr. June 17- Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International.
CHENNAI, India, June 17- Ford Motor Co began shipping its locally-made EcoSport compact SUV on Monday, hoping to share in growing demand in India for mini-sport utility vehicles, which are popular due to heavy traffic, scarce parking and bumpy roads.
ALLEGAN, Mich.-- Perrigo Co. said Monday that it bought the ophthalmic ointment and solution portfolio of Fera Pharmaceuticals LLC for $93 million in cash. Perrigo has been looking for an ophthalmic deal as part of its strategy to expand its presence in the niche topical medication market.
DETROIT, June 17- General Motors Co on Monday named a new head for its North American manufacturing, replacing an executive who last week was assigned to cut waste at the U.S. automaker.
June 16- Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a stake in the outcome are left to assess his next steps while seeking to minimize any possible losses.
DETROIT, June 14- Detroit said on Friday it would stop making payments on some of its about $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in U.S. history.
NEW YORK, June 14- Oil rose and U.S. crude hit a nine-month intraday high on Friday, after news that the United States had authorized sending U.S. weapons to Syrian rebels sparked concerns about Middle East supplies.
June 14- The following are the top 20 investment fund companies with the largest exposure to Detroit debt:. Family# of Current# of Total US net funds market open-e assets with value nd in munis Detroit of muni issues Detroit funds issues. Franklin Templeton 32 80.67 6 569.8.
June 14- Detroit's emergency manager on Friday said the city, trying to avoid what would be America's biggest municipal bankruptcy, was halting payments to owners of Detroit's unsecured debts.
DETROIT, June 14- Chrysler Group LLC, the U.S. automaker controlled by Italy's Fiat, will freeze its U.S. pension plans for some 8,000 white-collar workers hired before 2004 on Dec. 31.
DETROIT, June 14- Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history.
DETROIT, June 14- Detroit Emergency Manager Kevyn Orr said he still sees a 50/ 50 chance the city will have to file the largest municipal bankruptcy in U.S. history. Orr spoke after he met with holders of some $17 billion in Detroit debt and called on them to accept a substantial cut in the money they are owed.
June 14- Credit rating agency Fitch said it would consider Detroit to be in default if it stops making payments on certain obligations as indicated Friday by the city's emergency manager.
DETROIT, June 14- Emergency manager Kevyn Orr said Detroit will stop making payments on some debt, including one scheduled on Friday, and proposed debt holders take a drastic cut in the money they are owed to stave off the largest municipal bankruptcy filing in U.S. history.
DETROIT, June 14- Detroit's emergency manager on Friday called for "shared sacrifice" among all the city's creditors and said payments on certain outstanding bonds would stop immediately.
CHICAGO-- As she considers another White House bid, Hillary Rodham Clinton intends to work in the nonprofit world on issues like improving early childhood education, promoting the rights of women and girls, and finding ways to improve the economy _ a set of priorities that could inform a 2016 presidential campaign.
FLORHAM PARK, N.J.-- Bring yourself to the game. Leave the cooler and backpack at home. The NFL is tightening stadium security starting this preseason, limiting the size and type of bags fans can bring to the game.