| Jan 10, 2014
| 4:55 PM
SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems.
But in this hilly town of 76,000 in northeastern Pennsylvania,...
| Oct 30, 2013
JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
| Jan 14, 2014
| 7:37 AM
In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...
| Dec 16, 2013
| 8:35 AM
Entertainer and fashion mogul Jessica Simpson had two babies in less than two years, but she's back in shape, thanks to Weight Watchers and walking four miles a day, she tells USA Today. Oh, and she works out with celebrity trainer Harley Pasternak four...
| Dec 17, 2013
| 10:45 AM
Loehmann’s, the Bronx-based discount retailer that has been around for nearly a century, has filed for the third time for bankruptcy protection and plans to shut down its business.
In a Chapter 11 filing in federal Bankruptcy Court in Manhattan,...
| Dec 19, 2013
| 8:08 AM
Works of art at the Detroit Institute of Art have been valued as high as $867 million in a report from the auction house Christie's that was officially delivered to the city Thursday.
The valuation only covers those pieces that were purchased by the...
| Dec 20, 2013
| 1:26 PM
Supermarket chain Aldi plans to open 650 new stores in the U.S. the next five years, part of an aggressive growth strategy that includes building a regional headquarters and distribution center in Moreno Valley, Calif.
The expansion will be the budget...
| Dec 19, 2013
| 6:58 PM
If Hugh Hefner strove to put a suave, air-brushed image on sexual freedom in the 1960s, rival publisher Al Goldstein was the polar opposite. Unabashedly abrasive and foul-mouthed, the cigar-chomping, obese Goldstein called his explicit magazine Screw...
| Dec 22, 2013
| 11:08 AM
MOSCOW -- Mikhail Khodorkovsky, the former oil tycoon once considered President Vladimir Putin's most potent political foe, said Sunday that he had no plans to resume his business or political activities or to support Russia's embattled opposition forces....
| Dec 22, 2013
| 9:45 PM
Less than a year after state auditors warned that Bell faced possible insolvency, the city has seen a significant infusion of cash from settlements with firms it blamed for not preventing the corruption scandal that engulfed the town.
| Dec 25, 2013
| 4:33 PM
DETROIT — He'd heard stories of ruin and blight, but that didn't prepare Oliver Kearney for what he saw:
Prostitutes roaming the streets at 8 a.m., rubble-strewn parking lots overrun with weeds, buildings taken over by bright pink graffiti, the...