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  • Detroit's third act  Friday, 7 Nov 2014 | 4:25 PM ET

    David Heiman, Jones Day Partner, and Steven Kreisberg, AFSCME, discuss Judge Steven Rhodes ruling approving Detroit's plan to exit bankruptcy.

  • Detroit: Bye-bye bankruptcy  Friday, 7 Nov 2014 | 4:23 PM ET

    CNBC's Scott Cohn reports on the ruling of Detroit's financial future.

  • Judge approves Detroit bankruptcy exit plan Friday, 7 Nov 2014 | 2:59 PM ET
    Cars drive down Grand River Avenue in Detroit with the city's skyline in the background.

    A U.S. judge confirmed the Detroit plan to adjust its debt and exit the biggest-ever municipal bankruptcy on Friday.

  • DETROIT, Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the biggest-ever municipal bankruptcy, praising settlements the city was able to reach with disparate creditors. Judge Steven Rhodes said a deal that mitigates city retiree pension cuts "borders on miraculous." He added that the high level of consensus over Detroit's plan to shed about $7...

  • COPENHAGEN, Nov 7- The world's largest ship fuel supplier OW Bunker said it had filed for bankruptcy after an alleged fraud cost it at least $125 million and banks refused to provide new credit lines for it to cover its bills. OW Bunker, the third-largest company in Denmark by revenue, owes 13 banks $750 million. It filed for bankruptcy at the probate court in Aalborg...

  • JUDGE IMPOSES DETROIT'S BANKRUPTCY PLAN ON TWO CLASSES OF MISCELLANEOUS UNSECURED CREDITORS.

  • Detroit bankruptcy decision  Friday, 7 Nov 2014 | 2:13 PM ET

    In a historic ruling, Judge Steven Rhodes approves Detroit's plan to exit bankruptcy. CNBC's Scott Cohn reports the details.

  • DETROIT, Nov 7- A U.S. Court judge on Friday confirmed Detroit's plan to adjust $18 billion of debt and exit the biggest-ever municipal bankruptcy. The ruling by Judge Steven Rhodes, who is overseeing the historic case, came more than two months after the start of a hearing to determine whether the plan was fair to creditors and feasible for the city to implement.

  • Judge approves Detroit's bankruptcy exit plan  Friday, 7 Nov 2014 | 1:07 PM ET

    Detroit is getting rid of about $7 billion in debt, reports CNBC's Scott Cohn.

  • SEC looking at GT Advanced  Thursday, 6 Nov 2014 | 2:02 PM ET

    The SEC is looking into trading activity in GT Advanced Technologies stock, reports CNBC's Dominic Chu.

  • NEW YORK, Nov 5- General Motors said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year. The brief, filed in Manhattan bankruptcy court, lays out GM's legal arguments and is the opening...

  • NEW YORK, Nov 3- LightSquared, the bankrupt wireless venture owned by Phil Falcone's Harbinger Capital Partners, has reached a deal to bring the company out of bankruptcy under the control of its largest lender, Dish Network Corp Chairman Charles Ergen. Ergen would nab a controlling 60 percent stake, and provide $1 billion of a $2.2 billion post-bankruptcy...

  • 10 famed US franchises that faced financial ruin Saturday, 1 Nov 2014 | 7:00 AM ET

    Franchises have been lucrative for entrepreneurs, but also have a high default rate. Here are 10 big franchises that faced financial ruin.

  • NEW YORK, Oct 30- A large group of creditors of MF Global Holdings Ltd's bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third anniversary of the company's Chapter 11 filing. James Giddens, the trustee liquidating the MF Global Inc brokerage unit, on Thursday said the payout to unsecured...

  • Oct 29- Dow Jones& Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy. GT Advanced, which supplied sapphire material to Apple to make smartphone screens, filed for Chapter 11 protection earlier this month and refused to...

  • Oct 29- Dow Jones& Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy. GT Advanced, which supplied sapphire material to Apple to make smartphone screens, filed for Chapter 11 protection earlier this month under mysterious...

  • DETROIT, Oct 27- Detroit on Monday wrapped up its historic bankruptcy case, which began with contentious opposition from creditors and ended with eleventh-hour deals enabling the city to shed $7 billion of its $18 billion of debt and obligations. Bankruptcy Judge Steven Rhodes that he should permit Detroit to emerge from bankruptcy before Thanksgiving.

  • Icahn presses casino union to help save the Taj Friday, 24 Oct 2014 | 7:49 AM ET
    Carl Icahn

    Billionaire investor Carl Icahn on Friday urged Atlantic City's largest casino workers union to help save the Taj.

  • Oct 23- Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material. GT, a former stock market darling and supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose...

  • BRASILIA, Oct 22- A Brazilian court has approved a bankruptcy protection petition filed by MMX Sudeste Mineracao SA, an iron-ore mining company controlled by Brazilian tycoon Eike Batista, the company said on Wednesday in a securities filing. The decision was taken by a court in Belo Horizonte in the Minas Gerais state. MMX Sudeste holds nearly all the...