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  • Detroit's historic bankruptcy trial to begin Tuesday, 2 Sep 2014 | 1:19 AM ET

    After some delays, the start of the trial Tuesday in U.S. District Court comes just over 13 months after Detroit became the largest U.S. city to file for bankruptcy. Detroit expects to cut $12 billion in unsecured debt to about $5 billion, which is "more manageable," according to Bill Nowling, a spokesman for the city's state-appointed emergency manager Kevyn Orr.

  • DETROIT, Sept 2 Reuters)- Detroit's plan to recover from bankruptcy includes several blueprints for a new future. "What Detroit needed to start with was a reinvestment program," said James Spiotto, managing director of Chapman Strategic Advisors, a municipal finance consultancy.

  • NEW YORK, Sept 2- U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. In 2011, former billionaire and Galleon Group hedge fund founder Raj Rajaratnam received an 11- year sentence for an insider trading scheme that netted him $63.8 million in illicit profits.

  • Yves Carcelle, empire builder at Louis Vuitton, dies Tuesday, 2 Sep 2014 | 12:46 AM ET

    Yves Carcelle, the charismatic executive who transformed Louis Vuitton, died on Sunday in Paris. He was 66, the NYT reports.

  • DIARY - Top economic Events to Sep 16 Monday, 1 Sep 2014 | 10:16 PM ET

    LONDON- UK Treasury Chief Secretary Danny Alexander delivers speech setting out' his vision for Scotland to remain as an integral and full member of the United Kingdom' at Chatham House. MADRID- Central Bank of Peru Governor Julio Velarde speaks about monetary policy and macroeconomic stability at an event devoted to promoting investment in the country.

  • Civil disobedience expected in fast-food pay fight Monday, 1 Sep 2014 | 5:44 PM ET

    NEW YORK— McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.

  • Sandy-hit towns wrestle with eminent-domain choice Monday, 1 Sep 2014 | 1:42 PM ET

    Asharoken is just one place where the tussle among coastal protection, property rights, public access and federal funding is playing out in New York and New Jersey, both hit hard by the storm.

  • Inquiries begin into nude celebrity photo leaks Monday, 1 Sep 2014 | 12:43 PM ET

    LOS ANGELES— The FBI said Monday it was addressing allegations that online accounts of several celebrities, including Oscar-winner Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online. Apple said Monday it was looking into whether its online photo-sharing service had been hacked to obtain the intimate images.

  • David Muir takes over at ABC's 'World News' Monday, 1 Sep 2014 | 9:51 AM ET

    NEW YORK— Among the stories David Muir will introduce during his first week as ABC's " World News" anchor is one he reported about a generation of Syrian refugees missing out on an education.

  • INSIGHT-US inflation bonds back in vogue Monday, 1 Sep 2014 | 8:00 AM ET

    NEW YORK, Sept 1- U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs- particularly for rent- suggest inflation may finally be waking from its post-recession slumber.

  • Putin's American PR firm now walking a fine line Monday, 1 Sep 2014 | 2:47 AM ET
    Vladimir Putin

    As relations between Russia and the U.S. turn frosty, Ketchum, a division of Omnicom, finds itself walking an increasingly fine line.

  • Bad weather shuts down concerts, delays flights Monday, 1 Sep 2014 | 12:15 AM ET

    PHILADELPHIA— Severe thunderstorms across the Northeast on Sunday slowed operations at airports, wreaked havoc at outdoor sporting and musical events in New York and Philadelphia and sent people scurrying from a beach after three men were struck by lightning.

  • TOKYO, Sept 1- Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.

  • TOKYO, Sept 1- Asian shares balked at the starting gate on Monday, skittish in the face of a deepening Ukraine crisis, while the euro touched a fresh one-year low ahead of this week's European Central Bank meeting.

  • FOREX-Euro hamstrung by Ukraine worries, dollar up Sunday, 31 Aug 2014 | 7:40 PM ET

    SYDNEY, Sept 1- The euro slipped to a fresh one-year low early on Monday as the situation in Ukraine worsened, although a holiday in the United States and major central bank events later in the week will probably keep investors sidelined.

  • Bad weather shuts down concerts, delays flights Sunday, 31 Aug 2014 | 6:55 PM ET

    PHILADELPHIA— Severe thunderstorms across the Northeast on Sunday slowed operations at airports, wreaked havoc at outdoor sporting and musical events in New York and Philadelphia and sent people scurrying from a beach after three men were struck by lightning.

  • Norwegian Cruise nears $3B Prestige deal: Sources Sunday, 31 Aug 2014 | 3:40 PM ET

    Norwegian Cruise is in advanced talks to acquire peer Prestige Cruises International for around $3 billion, according to sources.

  • Aug 31- Norwegian Cruise Line Holdings Ltd, the world's third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.

  • Scale will matter for success of New York casinos Sunday, 31 Aug 2014 | 10:07 AM ET

    Casinos are closing in Atlantic City, while new ones are opening in Maryland and Massachusetts.

  • Unions: FairPoint not playing fair in labor talks Sunday, 31 Aug 2014 | 8:52 AM ET

    PORTLAND, Maine— FairPoint Communications workers in Maine, New Hampshire and Vermont have known it had to come to an end. Terms of their Verizon contract had carried over when FairPoint purchased the company's land-based telephone operations and had been mostly unchanged for 10 years. "We get that FairPoint doesn't have the deep pockets that Verizon had.