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In largest-ever US city bankruptcy, cuts coming for Detroit creditors

A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and......

Governor, emergency manager defend Detroit bankruptcy

Less than 24 hours after Detroit filed the largest municipal bankruptcy in US history, the two men behind the historic action -- Michigan Governor Rick Snyder and Detroit Emergency Manager Kevyn......

Retirees could bear brunt of Detroit bankruptcy

When Paula Kaczmarek moved to Detroit in 1978 to work for the city's public library system, a guarantee of good retirement benefits was a key sweetener that convinced her to leave her previous job......

Detroits' bankruptcy sends shockwaves across US

Detroit filed the largest municipal bankruptcy in US history on Thursday to seek relief for an estimated $18.5 billion in debt that has crippled the city that was once the hub of American......

Detroit files for largest-ever bankruptcy in US history

Detroit filed the largest municipal bankruptcy in US history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the......
  Web results for Kevyn Orr
In Atlantic City, Unease Over Emergency Managers

By Josh Dawsey and Heather Haddon Campaigning in New Hampshire recently, New Jersey Gov. Chris Christie told business leaders his move to install... ...
UPDATE 1-Atlantic City's Revel reaches new deal with Straub for $82 mln

3:58am IST (Adds statement from Straub, background) NEW YORK Feb 24 (Reuters) - The shuttered Revel Casino Hotel in Atlantic City, New... ...
Detroit mayor presents budget with eye on easing oversight

DETROIT (Reuters) - Detroit Mayor Mike Duggan presented a fiscal 2016 budget on Tuesday to the city council, warning that any changes in the... ...
Judge says $178 million Detroit bankruptcy fee tab 'reasonable'

. REUTERS/Joshua … (Reuters) - The federal judge who oversaw Detroit's historic bankruptcy case ruled on Thursday that the nearly $178 million... ...
Moody's drops Atlantic City credit rating, fears default

Cambridge United manager has asked his players to cover the cost of the jersey, £39.99, if they exchange theirs against any of the Manchester... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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