Warren Buffett is bullish on GM, Detroit
DETROIT -- Billionaire investor Warren Buffett said today he is bullish on Detroit and General Motors -- and said he's impressed with CEO Mary Barra. The "Oracle of Omaha" joined his friend, Quicken Loans founder Dan Gilbert, on stage to talk investing ...
Detroit Water Dept. Owed at least $21.5 million in Unpaid Bills — from Abandoned Buildings
Over the summer, Detroit came under fire as reports of water being shut off to thousands of customers who were behind on their bills hit the media. Recently, The Detroit News reported that while people’s water was still getting turned off, service was ...
Detroit Hails Signs of Progress as Expats Meet for 'Homecoming'
Detroit sought to show off its nascent economic recovery in a splashy "homecoming" event this week, even as the city lumbers through a massive municipal restructuring effort in federal bankruptcy court. The effort kicked off Wednesday with an unusual ...
Warren Buffett Is Bullish On Detroit
Warren Buffett was in Detroit Thursday, as a guest for Crain Communications' "Detroit Homecoming." The three-day event will bring in ex-pats and other successful business people with ties to the city. Dan Gilbert, CEO of Quicken Loans, sat down with Warren ...
Buffett: Detroit will be better, stronger after bankruptcy
Speaking in front of a Detroit audience on Thursday, Warren Buffett sounded an optimistic note about the struggling city’s ongoing bankruptcy trial. Investing in Detroit, he says, is an increasingly appealing proposition, and will be “much better after ...
Detroit's Reggie Bush eager to help boost Lions' flagging running game, faces Packers Sunday
ALLEN PARK, Mich. – Reggie Bush's workload hasn't been all that high this season, splitting time in the backfield with Joique Bell. That means it's tough for Bush to settle into a rhythm — but it also means he could be fresher down the stretch for the ...
Detroit's New Policing Strategy Is Stop-And-Frisk on a Massive Scale
On a chilly November morning last year, at least 150 federal, state, and local law enforcement officers swarmed the Colony Arms apartment complex on Detroit’s eastside for “Operation Clean Sweep.” While the raid was initiated by the Detroit Police ...
Trial opens for Detroit officer who killed girl
DETROIT (AP) — A member of an elite Detroit police team failed to follow his training when he stormed a house looking for a murder suspect with his finger on the trigger and shot a 7-year-old girl who was asleep on the couch, a prosecutor said Thursday ...
Detroit Adviser Sees Brooklyn Utopia With Hip Art, Low Rents
Detroit could be just like Brooklyn if it keeps its world-class art collection and uses cheap land to attract artists, a city adviser told a federal judge overseeing the biggest U.S. municipal bankruptcy. Michael Plummer, founder of Artvest Partners LLC ...
Detroit retirees compromised for sake of city's future
DETROIT — A keen interest in the revitalization of Detroit played a significant role in the Detroit Retiree Committee's decision to support pension cuts proposed in the city's bankruptcy exit plan. The committee initially took the position that pensions ...
