Aug 20, 2016
After 16 months, the biggest municipal bankruptcy in history came to an end Friday afternoon with the acceptance by federal Judge Steven Rhodes of a so-called plan of adjustment to Detroit’s troubled finances, proposed by the city. Under the plan, Detroit will be relieved of $7 billion of debt and will invest $1.7 billion in…Proceed to the page: http://linkis.com/kqsfw
It’s amazing that it had to come to this, but a bankruptcy judge has allowed Detroit’s water cutoffs to continue. U.S. Bankruptcy Judge Steven Rhodes ruled on Monday that Detroit can continue shutting off water service to non-paying customers, saying his court does not have jurisdictio
by Anna Clark ¶ Detroit is bankrupt — officially. Indeed, as Judge Steven Rhodes of the United States Bankruptcy Court …
After a nearly six-week strike, Verizon workers are celebrating a huge victory on Friday after a deal was reached in principle with the telecom giant that will bring gains for union members and end one of the nation's largest work stoppages in recent history.The deal, announced Friday afternoon by...
AT&T (T) completed its $49 billion acquisition of DirecTV (DTV) Friday after the Federal Communications Commission granted its approval, removing the companies' biggest hurdle in their desire to create the largest U.S. pay-TV provider.
Caesars Entertainment Corp. and Caesars Acquisition Co. have amended their proposed merger agreement, which is intertwined with the $18 billion bankruptcy of the casino company's main operating unit, Reuters reported yesterday. The operating unit, Caesars Entertainment Operating Co Inc. (CEOC)...
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Longtime timber executive Rick Holley returns nearly $2 million worth of stock.
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