| 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 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 11, 2013
| 12:47 PM
Thomas Horton, who was American Airlines' chief executive when its parent company filed for bankruptcy, will get his severance package valued at about $17 million.
That was among the first decisions made by the new American Airlines after it emerged...
| Dec 11, 2013
| 5:48 PM
The chief executive who led American Airlines through bankruptcy and a major merger will get a severance package valued at about $17 million.
That was among the first decisions made by the new American Airlines after it emerged from bankruptcy Monday...
| Oct 18, 2013
| 1:30 PM
DETROIT — The Christie's appraisers enter on Mondays, when the museum is closed, and either inspect what's on the walls or ask to see some of the thousands of works not on display, sometimes sending Detroit Institute of Arts technicians on half-...
| Oct 3, 2013
| 11:00 AM
Citigroup Inc. will pay $30 million to Massachusetts to settle charges that one of its analysts in Taiwan improperly leaked research to four major clients a day before making the information public.
Secretary of State William Galvin said the U.S. hedge...
| Oct 6, 2013
| 5:05 AM
"The devil made me do it" was perhaps the most famous catchphrase of comedian Flip Wilson. And it was among the numerous excuses one potential borrower gave his lender to explain his lousy credit report.
The 10-page letter of explanation ranged from...
| Oct 15, 2013
| 1:56 PM
A group of Democratic and Republican mayors are hoping to qualify a measure for the November 2014 ballot that could dramatically reduce retirement benefits for current and future public employees.
The measure, filed with the state attorney general&...
| Oct 16, 2013
| 10:03 AM
Knight Capital Group's successor has agreed to pay $12 million to settle Securities and Exchange Commission allegations that it failed to have safeguards in place that could have prevented mistaken trades that caused more than $460 million in losses...
| Oct 26, 2013
| 5:56 PM
Detroit has once again been in the headlines as the city and its creditors battle in court over whether the city is eligible to receive bankruptcy protection.
Municipal bankruptcy, like just about everything else that contains the word "municipal" or...
| Oct 26, 2013
| 9:00 AM
Digital Domain, the visual-effects company that is co-producing the Lionsgate movie "Ender's Game," invested about $17 million in cash to help produce the much-anticipated movie, two former company executives said.
In a highly unusual move, the...