The day of reckoning in Chicago is approaching, putting Democratic Mayor Rahm Emanuel in a difficult position with unions.» Read More
DETROIT, June 14- Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan.
June 13- Standard& Poor's Ratings Services on Thursday revised the rating outlook on Detroit's senior and second-lien sewage revenue bonds to negative from stable due to concerns over debt service coverage levels.
DETROIT, June 13- Ford Motor Co may branch out and develop new models for Lincoln in fast-growing vehicle segments as part of the second-largest U.S. automaker's latest attempt to revive the struggling luxury brand and boost its profits.
"Companies would feel less pressure to shift income to low-tax jurisdictions because that income would be taxed at the same rate- whether it is earned in the United States or Bermuda," Dave Camp, chairman of the Ways and Means Committee in the U.S. House of Representatives, said at a hearing on Thursday.
NEW YORK, June 13- When the state of Mississippi begins offering subsidized health insurance under President Barack Obama's reform law this year, residents will have only one choice- Magnolia Health Plan- a small insurer little known in most of the country.
WASHINGTON, June 13- U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, showing signs of resilience in the economy despite belt-tightening in Washington. "
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.
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.
CNBC scores all U.S. states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
Some advisors prefer clients with assets in the $500,000 to $2 million range over the ultrawealthy—they are less maintenance.
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.
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.
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 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.
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.
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 Kevyn Orr was named Detroit's emergency financial manager.
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.
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.
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.