| Aug 14, 2013
| 9:10 AM
Auction house appraisers have been summoned to Detroit, which is seeking bankruptcy protection, for the gruesome purpose of assessing the market value of the sprawling city-owned art collection at the Detroit Institute of Arts. The museum could sell...
| Aug 4, 2013
| 7:20 PM
Edison International, the parent company of Southern California Edison, has had its hands full with the bankruptcy of a subsidiary and the shutdown of the San Onofre Nuclear Generating Station. Now, it is overhauling its operations.
| Aug 14, 2013
The best illustration of the virtues of deregulation may be the U.S. airline industry, which Congress liberated from most nonsafety-related rules in 1978. The cost of flying plummeted as a host of new players entered the business to compete with the major...
| Aug 13, 2013
| 8:41 PM
After years of airline mergers that have dramatically reduced choices for travelers, the U.S. Justice Department has sued to halt what would be the largest airline marriage in U.S. history.
The Justice Department joined six states and the District of...
| Aug 13, 2013
| 1:37 PM
Canadian transportation officials Tuesday suspended the operating license of the regional railway company whose unmanned train broke loose from a Quebec siding last month and ignited a massive fireball that killed 47 people and devastated the town of Lac-...
| Jul 5, 2013
| 9:08 PM
Dear Liz: I co-signed a credit card for someone and the person defaulted on payment. I started making payments but could not continue because I became unemployed. The debt started at $15,631.23 but has gone up to $17,088.08 because of interest and fees. I...
| Jul 18, 2013
| 5:42 PM
Detroit filed for bankruptcy Thursday, making it the largest U.S. city to ever seek Chapter 9 protection. It’s sad news for the once-great city. Still, the headline seemed to have delighted many. Just check out The Times' comments section, with...
| Jul 19, 2013
| 8:57 AM
Calling it the lowest point in Detroit history but a chance to stabilize a city spiraling into decline for decades, Michigan Gov. Rick Snyder announced Friday that the state-appointed emergency manager had filed for Chapter 9 protection.
The move makes...
| Jul 24, 2013
Though it is the biggest city in U.S. history to file for bankruptcy, Detroit is only one of 26 urban municipalities that have gone into bankruptcy or state receivership for fiscal insolvency since 2008. Detroit should draw attention and debate to a...
| Jul 10, 2013
| 6:04 PM
Tribune Co. is getting out of the faltering newspaper business, but probably not the way it hoped.
The media giant announced Wednesday that it will spin off its publishing unit into a separate company, a maneuver that's likely to delay a long-expected...
| Aug 9, 2013
| 1:51 PM
In a bizarre letter to the New York Times this week, retired museum director Frank Robinson mischaracterized the problem being faced by the Detroit Institute of Arts in the Michigan city's ongoing bankruptcy drama.
Addressing what he called an “...