Detroit bankruptcy judge brought the idea of a regional water authority back to life,ordering the city and three counties to mediate over the issue.» Read More
BOSTON/ WASHINGTON, Oct 30- President Barack Obama said on Wednesday that "bad apple" insurance companies, not his signature healthcare law, are to blame for hundreds of thousands of people losing their coverage in the past few weeks.
Oct 30- Alabama's Jefferson County and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, county officials said on Wednesday.
WASHINGTON, Oct 30- The U.S. government's top health official said on Wednesday that private insurance companies, not President Barack Obama's signature healthcare law, are to blame for hundreds of thousands of people losing their coverage in the past few weeks.
*Europe loss narrows, sales in region rise for first time in 2 yrs. Like its smaller U.S. rival, Ford Motor Co, GM also offered a more optimistic picture of Europe, where the company's revenue rose for the first time in two years.
WASHINGTON, Oct 30- The U.S. government's top health official on Wednesday called the rollout of the website that is central to President Barack Obama's signature insurance reform a "debacle" but blamed insurers for cancelling the health plans of hundreds of thousands of Americans.
*Cuts 2013 trading profit forecast to 3.5- 3.8 bln euros. *Weak Latam and loss in Europe offset Chrysler profit. MILAN/ DETROIT, Oct 30- Italian carmaker Fiat cut its 2013 profit and sales forecasts on Wednesday as a third-quarter slump in Latin America offset a strong performance at Chrysler, the No.3 U.S. automaker it controls.
*Senate and House back different levels of cuts in new farm bill. WASHINGTON/ LOS ANGELES, Oct 30- One of every seven Americans will take a hit on Friday when a $5 billion cut in food stamps, the first across-the-board reduction in the history of the decades-old federal program, takes effect.
DETROIT, Oct 30- General Motors Co on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker's new lineup of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years.
WASHINGTON, Oct 30- President Barack Obama's top health official apologized on Wednesday for the botched rollout of the government's healthcare website, acknowledging it was a "debacle", while also blaming insurers for cancelling coverage for hundreds of thousands of people.
*Calpers, San Bernardino entering mediation with chaotic city elections looming.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he could force a legally binding settlement on the city's creditors if they were unwilling to accept a proposed restructuring plan in bankruptcy court.
The U.S. government has booked a loss of $9.7 billion on the nearly $50 billion bailout of U.S. automaker General Motors, according to a Congressional report.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he was "probably not" willing to accept an agreement to restructure the city's debt without including cuts to pension benefits before the city filed for bankruptcy in July.
Marilyn Tavenner, administrator of the U.S. Centers for Medicare and Medicaid Services, said the website faces "complex technical issues" four weeks after it opened for enrollment. House of Representatives Ways& Means Committee is the Obama administration's first formal statement to Congress about the challenges facing Healthcare.gov.
Tea party candidates in the 2014 congressional elections will try to unseat Republican incumbents they say aren't conservative enough.
Oct 28- The rate of safety-related incidents on federally regulated pipelines in Canada doubled over the last decade, while the rate of reported spills and leaks was up threefold, according to an investigative report by Canada's national broadcaster.
DETROIT, Oct 28- Michigan Governor Rick Snyder defended Detroit's bankruptcy filing on Monday, stating in court that he followed the state and federal constitutions while addressing fiscal issues that had built up in Detroit for more than half a century.
DETROIT, Oct 28- Detroit's emergency manager painted a picture of a city in dire financial straits in testimony on Monday, with budgets so strained that bumpers were falling off police cars, as he laid out the city's case of why a municipal bankruptcy filing was the only way back to health.
*Toyota, Lexus brands top new-car reliability survey. DETROIT, Oct 28- Toyota Motor Corp's reputation for quality took a hit on Monday when influential magazine Consumer Reports pulled its recommendation on three of the Japanese automaker's vehicles, including its popular flagship Camry sedan, due to poor crash test results.
DETROIT, Oct 25- Detroit Emergency Manager Kevyn Orr did not speak about filing for Chapter 9 municipal bankruptcy in his first meetings with Michigan state officials before he was named to his post, according to testimony he delivered on the third day of the city's bankruptcy eligibility trial.