Detroit bankruptcy creditor apologizes
DETROIT -- A major creditor in Detroit's bankruptcy case has apologized to two mediators who brokered a deal that prevents the sale of city-owned art and puts millions of dollars into underfunded pensions. Syncora had accused Gerald Rosen and Eugene Driker ...
Detroit police: Girl out playing is hit by gunfire
DETROIT (AP) — Detroit police say a 7-year-old girl playing outside has been critically injured by gunfire being exchanged between two vehicles. Sgt. Eren Stephens says the girl was struck Sunday as one vehicle followed another car "at a high rate of speed.
Detroit, creditor reach bankruptcy deal
Detroit is the largest U.S. city to declare insolvency. The historic Chapter 9 trial begins Tuesday and it could last through Oct. 17. Officially called a plan confirmation hearing, the proceeding will feature an exhaustive examination of Detroit emergency ...
Holdout creditor confirms settlement in Detroit bankruptcy
DETROIT (Reuters) - Syncora Guarantee Inc, one of Detroit's remaining holdout creditors, confirmed on Monday it has reached a "comprehensive settlement" with the city. In a U.S. Bankruptcy Court filing, the bond insurance company said the deal was still ...
UPDATE 1-Detroit reaches settlement with fiercest creditor
David Heiman of law firm Jones Day told U.S. Bankruptcy Judge Steven Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to ...
Detroit bankruptcy trial set to resume after break
DETROIT (AP) -- A judge is set to resume Detroit's bankruptcy trial after a three-day break tied to a settlement with a major creditor. Judge Steven Rhodes is hearing evidence to help him decide whether Detroit's plan is fair to creditors and feasible for ...
Nancy Kaffer: Moroun low-balls Detroit, but city too smart to fall for it
The last time billionaire Manuel (Matty) Moroun tried to derail a new bridge to Canada, he spent $33 million. This time, he’s angling for a deal. Moroun’s latest attempt to throw a wrench in the works of the New International Trade Crossing — the ...
Detroit Red Wings Season Player Previews: DeKeyser/Smith
Holy crap. Hockey is almost here. That means it's time to brush up on who's who when it comes to the Detroit Red Wings. What have we covered so far? The grinders have been checked off the list. Whether you prefer the wingers or centers. We've got you ...
Detroit Creditors Seek Delay in Trial After Syncora Deal
A group of Detroit creditors led by Financial Guaranty Insurance Co. asked a judge to push back for a week the trial on the bankrupt city’s $7 billion debt-cutting plan. FGIC, which faces claims on about $1.1 billion in Detroit pension debt it insured ...
Detroit Lions vs. Carolina Panthers: Twitter Reaction and Full Post Game Quotes
The Detroit Lions ventured on the road for the first time, heading to Charlotte and to the host Carolina Panthers. It was a sloppy affair throughout for both sides. Detroit started out setting the world on fire offensively, moving the ball with relative ease.
