Financial

News > Financial > Detroit Bankruptcy Trial Starts

Detroit Bankruptcy Trial Starts

(Detroit, MI) -- The bankruptcy trial for the city of Detroit gets underway today. U.S. Bankruptcy Judge Steven Rhodes will preside over the trial, which is expected to last until mid-October. The city filed for bankruptcy protection in July 2013 with debts of more than 18-billion dollars.

Financial

(Hoffman Estates, IL) -- Sears is reportedly letting thousands-of-workers go before the holiday rush. The company...
(New York, NY) -- Stocks closed higher Friday on positive earnings reports from companies like Microsoft and...
(New York, NY) -- A surge in deliveries is boosting UPS profits. The Atlanta-based shipping giant is reporting...
(Washington, DC) -- The Commerce Department is reporting a rise in new home sales for the month of September...
(Undated) -- The two major airlines based in North Texas are both reporting record third-quarter profits. A year...