DETROIT-- The Detroit Institute of Arts has been allowed into talks on how to protect city-owned pieces in its collection during Detroit's bankruptcy. A judge let Detroit enter bankruptcy Dec. 3. New York auction house Christie's says art purchased with city money is worth $450 million to $870 million.» Read More
WILMINGTON, Dec 10- Fisker Automotive Holdings Inc might not be making its plug-in Karma sports cars anymore, but it still knows speed.
A court ruling found Detroit eligible for bankruptcy focused on the city's soaring crime, crushing debt—and the late Anna Nicole Smith.
RIO DE JANEIRO, Dec. 6- A Brazilian state judge suspended a plan to unify the bankruptcy protection petitions of tycoon Eike Batista's oil producer and shipbuilder, saying the joint petition could hurt the interests of a creditor that opposed the plan.
Before Detroit filed for bankruptcy, there was Stockton. The California city is nearly ready to climb out of bankruptcy but faces pension woes ahead.
The teachers union in Detroit will appeal the cutting of pensions after the city was cleared to file for Chapter 9 bankruptcy. Randi Weingarten, American Federation of Teachers president, weighs in.
CNBC's Rick Santelli and Holman Jenkins Jr., Wall Street Journal business columnist, discuss Detroit's bankruptcy decision and what other cities can learn from the ruling.
A judge has approved the city of Detroit to go ahead with its Chapter 9 bankruptcy filing. NBC's John Yang reports the latest details.
John Miller of Nuveen Asset Management explains how Detroit's bankruptcy is likely to affect bondholders.
CNBC's Scott Cohn has the latest details on today's ruling that the Motor City can file for Chapter 9 bankruptcy protection and the slew of lawsuits that are sure to follow.
CNBC's Rick Santelli and Alexandra Lebenthal, Lebenthal and Company, share the impact bankruptcy has on municipal bonds in your city or state.
A federal judge has ruled that Detroit can proceed with its bankruptcy case. CNBC's Scott Cohn reports what that means for the city.
NEW YORK, Dec 3- Bankrupt mortgage lender Residential Capital LLC has struck a deal with a class of bondholders to resolve the group's objection to its plan to exit bankruptcy. A hearing to outline the settlement was scheduled for 2 p.m. EST in the U.S. Bankruptcy Court in New York.
NEW YORK, Dec 3- Bankrupt mortgage lender Residential Capital LLC has struck a deal with a class of bondholders to resolve the group's objection to its plan to exit bankruptcy, according to a source familiar with the matter.
Despite huge protests, a judge is allowing the Motor City to proceed with filing for Chapter 9 bankruptcy, reports CNBC's Scott Cohn. The filing should buy the city considerable relief from its creditors, reports Cohn.
WASHINGTON, Dec 3- U.S. banks are likely to cut back on risky short-term funding if markets believe bankruptcy not bailouts await them, a top Federal Reserve is set to tell lawmakers on Tuesday.
The long-awaited decision makes the city the largest American municipality to qualify for bankruptcy protection.
DETROIT, Dec 3- A U.S. judge ruled on Tuesday that he will not stay the Detroit bankruptcy proceedings in the wake of any possible appeals. Judge Steven Rhodes ruled that any motion for direct appeal to the U.S. 6th Circuit Court must be filed separately.
CNBC's Scott Cohn talks with Sharon Levine, AFSCME attorney about why the unions will be going to the district courts to appeal today's ruling.
It's official, Detroit is the largest municipal bankruptcy filing in U.S. history, reports CNBC's Scott Cohn, with the latest details of the judge's ruling from the Motor City.
CNBC's Scott Cohn reports the judge in Detroit's bankruptcy case says the city did not allow enough time to negotiate with creditors.