The U.S. is threatening fines and legal action against Takata for failing to admit that its driver's-side air bags are defective.» Read More
Fiscally distressed governments across the country may have gotten a troubling blueprint this week for getting out of their respective messes.
The long-awaited decision makes the city the largest American municipality to qualify for bankruptcy protection.
A judge is expected to announce whether Detroit can get rid of $18 billion in debt in the largest public bankruptcy in U.S. history.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
Aiming to generate growth and jobs, small- and mid-sized companies in more metro areas are making bigger bets on the global economy.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
The head of the National Urban League outlines a plan to close the economic divide that's crippling U.S. cities.
General Motors Chief Executive Dan Akerson could step down as early as next year, according to people close to the matter.
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.
Tea party candidates in the 2014 congressional elections will try to unseat Republican incumbents they say aren't conservative enough.
Former Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in jail for corruption and fraud that added to the Motor City's fiscal woes.
Mazda is recalling 161,400 Mazda6 sedans in the United States because loose screws could cause the side doors to come open.
The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.
Eiji Toyoda, who as a member of Toyota Motor’s founding family and an architect of its method that helped turned the automaker into a global powerhouse, died on Tuesday.