Michigan Governor Rick Snyder declared financial emergencies in Highland Park and Royal Oak Township, the first step toward possible appointment of emergency managers in the Detroit-area communities.
Sandwiched between bankrupt Detroit and two foundering cities that fell under state control, Lincoln Park is trying to avoid the same fate.
A Michigan judge permanently barred a review team studying Detroit’s finances from holding closed- door sessions, handing a legal victory to city employees.
Discount retailer Loehmann’s Inc. filed a reorganization plan and explanatory disclosure statement yesterday fleshing out the agreement reached before the Chapter 11 filing on Nov. 15.
A Deutsche Bank AG media banker arrested after an early-morning confrontation with Los Angeles police in May has filed a claim with the city accusing officers of beating and illegally detaining him.
Texas public charter schools, the fastest-growing part of the state’s education system, are poised to see their bonds go to top grade from near junk as a $33 billion fund backed by oil revenue prepares to guarantee the securities for the first time.