Detroit's credit rating rebounds, mayor Mike Duggan celebrates fiscal success after a decade
It's a financial comeback a decade in the making; Detroit's credit rating is now back to what it was before the city went broke and couldn't pay its bills.
It's a financial comeback a decade in the making; Detroit's credit rating is now back to what it was before the city went broke and couldn't pay its bills.
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.
The conspiracy theorist has proposed paying the families of Sandy Hook victims a fraction of the nearly $1.5 billion which they were awarded in judgements against him.
Families of those killed in the Sandy Hook Elementary School shooting have made an offer to Alex Jones to pay only a fraction of the $1.5 billion in legal judgments they won against him.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Rite Aid is set to close 19 stores in Michigan after the pharmacy chain filed for bankruptcy this week.
Michigan taxpayers will be on the hook for a financial penalty after the state attorney general's office violated a court order by distributing protected documents in the Flint water prosecution.
Despite emerging from bankruptcy in 2020, century-old retailer faces major challenges rebuilding its business.
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
The architect of Detroit's bankruptcy filing admits it was a miserable process.
Thousands of Detroit city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
The e-commerce discounter bid $21.5 million at auction to keep the bankrupt retailer alive in name.
A small enclave of Detroit is considering municipal bankruptcy to help rid itself of a decades-old water debt that has grown to about $20 million and threatens to swamp the already financially struggling city.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Akorn, which manufactured the asthma medication, shuttered three of its factories shortly after filing for bankruptcy.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
The fallout of COVID-19 has claimed yet more bankruptcies.
Lord & Taylor is one of the country's oldest department stores, has announced its bankruptcy and going out of business.
A tentative deal is set to save JCPenney from bankruptcy.
The last couple of years hasn't been good for some retailers. J.C. Penney has had a rough time trying to tread water in what has been a stormy retail environment for some time.
In Michigan, many people remain cautiously hopeful about a potential ceasefire in Gaza.
Authorities say traffic was backed up due to another crash when the driver rear-ended a vehicle and struck a semi-truck.
Police are investigating a vehicle crash that killed a 4-year-old boy on Monday on Interstate 75 in Detroit.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
The Ann Arbor Art Fair is the largest juried art fair in the country. Its footprint takes over the city for three days each July.
In Michigan, many people remain cautiously hopeful about a potential ceasefire in Gaza.
A slight and marginal chance of severe weather is possible on Tuesday afternoon and evening in Southeast Michigan.
Vice President Kamala Harris announced $100 million in funding for auto parts manufacturers to prepare their facilities for electric vehicle production.
Authorities say traffic was backed up due to another crash when the driver rear-ended a vehicle and struck a semi-truck.
Police are investigating a vehicle crash that killed a 4-year-old boy on Monday on Interstate 75 in Detroit.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
Members of UAW Local 869 are scheduled to vote on May 6 over safety concerns at the plant.
Technology originally developed for homeland security is now available in Michigan to inspect every inch of your car. Developers say UVeye is like getting an MRI for your vehicle.
A bill introduced to the Michigan Legislature is looking to decrease noise pollution around Metro Detroit, more particularly along Woodward Avenue.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Tom Brady took his share of barbs from comedians, former teammates and his longtime coach during a made-for-streaming comedy live event on Netflix -- but one joke seemed to anger him.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
We're counting down some of the most iconic Met Gala looks from the best dressed stars, like Rihanna, Bad Bunny, Zendaya and more.
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
The 82-year-old senator from Vermont announced in a video posted on social media that he will seek a fourth term in the Senate.
Judge Juan Merchan said former President Donald Trump violated his gag order on April 22 when he commented on the political makeup of the jury.
Columbia University said Monday it is canceling its main commencement ceremony after weeks of protests and turmoil on campus.
A church service in North Braddock, Pennsylvania, was upended Sunday when a man pulled a gun on the pastor in the middle of his sermon.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
The Washtenaw County Health Department says the bat was found in the 48108 zip code.
In a neighborhood longing for access to nutritious foods, customers and staff couldn't contain their excitement as the doors finally opened Wednesday at the Detroit People's Food Co-Op.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Detroit will officially debut its uniforms at Comerica Park on Friday against the Houston Astros.
Here are the different ticket options fans can now purchase for the 2024 Rocket Mortgage Classic.
Tom Brady took his share of barbs from comedians, former teammates and his longtime coach during a made-for-streaming comedy live event on Netflix -- but one joke seemed to anger him.
It was just the 10th Kentucky Derby decided by a nose, and the first since Grindstone wore the garland of red roses in 1996.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
The roundtable discusses mobility and the importance of marque events like the 2024 NFL Draft, the Detroit Auto Show and more.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
In Michigan, many people remain cautiously hopeful about a potential ceasefire in Gaza.
Hamas approved a cease-fire proposal from Egypt and Qatar. Javed Ali, associate professor of practice at the University of Michigan, joined CBS News Detroit to weigh in.
Ann Arbor Art Fair organizers held a preview event for community members on Monday. The event is the largest juried art fair in the country. Its footprint takes over the city for three days each July.
Showers and storms are possible later in the day Tuesday, along with a risk of severe weather. Here's a full breakdown of what we expect.
Detroit police have arrested a suspect in a shooting last week that left two women and two children injured.