GO
Loading...

Michigan

More

  • Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.

  • Detroit's Damaging Debt Situation     Friday, 14 Jun 2013 | 2:12 PM ET

    James Hohman of the Mackinac Center for Public Policy discusses how the city might deal with its unfunded health care and pension obligations.

  • Ford to Add 800 More White-Collar Jobs in US Thursday, 13 Jun 2013 | 10:12 AM ET

    Ford plans to add 800 more white-collar workers by the end of 2013 after already signing on 2,200 so far this year. It's another sign of surging domestic demand.

  • States bring renewed swagger to Top States 2013 Wednesday, 22 May 2013 | 7:46 AM ET

    CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.

  • Categories and Criteria Wednesday, 22 May 2013 | 12:00 AM ET

    CNBC scores all U.S. states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.

  • Advisors Target Merely Rich Instead of Really Rich Tuesday, 21 May 2013 | 8:59 PM ET

    Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.

  • Six Weeks Key to Deciding Detroit's Bankruptcy Fate Sunday, 19 May 2013 | 5:24 PM ET

    There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.

  • Detroit Emergency Manager: City 'Clearly Insolvent' Monday, 13 May 2013 | 4:40 PM ET

    Emergency Financial Manager in a report issued on Monday presented a review of Detroit's problems, from gaping budget deficits to a crushing debt load and said the city is insolvent.

  • After Deadly Floods, More Rain and Snow in Midwest Tuesday, 23 Apr 2013 | 11:51 AM ET
    Octavio Castillo paddles a boat down a street to reach his cousin's home in Des Plaines, Ill., on April 19.

    Rivers including the Mississippi and Illinois are expected to remain in "major flood stage" through this weekend, as more rain and snow fell on much of the Midwest. NBC News reports.

  • Flooding From Torrential Rains Hits the Midwest Friday, 19 Apr 2013 | 4:52 PM ET
    Residents of Des Plaines walk down a flooded sidewalk on a residential street in Des Plaines, Illinois.

    Flooding from torrential rainfall Friday continued to test the resolve of flood fighters as they attempted to hold back the raging waters from the Mississippi River threatening many Midwest communities.

  • Michigan Lottery Winners Still Cash in on Welfare Wednesday, 17 Apr 2013 | 10:30 AM ET
    Goodwill had warned of "catastrophic" consequences on the secondary market.

    In Michigan, more than 3,500 lottery winners are also on public assistance, drawing attention to waste in a state still reeling from the nation's economic downturn.

  • S&P Gives Detroit Takeover the Thumbs Up Friday, 15 Mar 2013 | 5:15 PM ET
    Michigan Governor Rick Snyder and Detroit Mayor Dave Bing

    Standard & Poor's on Friday showed its support for Michigan's takeover of Detroit by upgrading the city's credit rating to "stable" from "negative."

  • Bankruptcy Lawyer Tapped to Run Detroit Thursday, 14 Mar 2013 | 4:05 PM ET
    Kevyn Orr

    Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.

  • Michigan to Announce Takeover of Detroit Finances Thursday, 14 Mar 2013 | 6:20 AM ET
    Detroit, Michigan

    Michigan Governor Rick Snyder is expected to announce on Thursday an emergency state takeover of Detroit, putting a lawyer in charge of the destitute city's finances.

  • Auto Bankruptcy Lawyer Next Detroit Manager: Source Tuesday, 12 Mar 2013 | 4:34 PM ET
    Michigan Governor Rick Snyder and Detroit Mayor Dave Bing

    Kevyn Orr, the attorney who managed Chrysler's 2009 bankruptcy, is reportedly Michigan Gov. Rick Snyder's top pick to be Detroit's financial emergency manager.

  • Motown's Financial Blues     Friday, 1 Mar 2013 | 7:40 PM ET

    Michigan Governor Rick Snyder formally declared a fiscal emergency in Detroit. Doc Thompson, Detroit Talk Radio Host; Andrew McCarthy, former Federal Prosecutor; and Ari Melber, Nation Magazine, weigh in.

  • Chrysler's Future According to Marchionne Thursday, 28 Feb 2013 | 4:40 PM ET
    Sergio Marchionne, Chairman and CEO , Chrysler Group LLC.

    Nearly four years after taking over Chrysler, Sergio Marchionne is ready to take the Detroit automaker to the next level.

  • Detroit. Michigan

    Detroit Mayor Dave Bing, delivers speech on Wednesday to avoid losing much of his authority to a state takeover of the city's financial affairs.

  • Auto Sales Start the Year With a Bang Friday, 1 Feb 2013 | 3:33 PM ET

    If January is any indication, 2013 could be another big year for auto sales in the U.S.

  • JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET

    There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.