Joann files for bankruptcy amid consumer pullback and higher costs
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
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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.
BarFly Ventures, the company that owns the Hopcat restaurant chain has filed for bankruptcy. The chain that is known for its extensive list of craft brews and their famous "Cosmik Fries".
Michigan athletic director Warde Manuel will receive a $7.14 million lump sum as part of his separation agreement with the university.
Michigan officials are tracking over 1,000 new cases of cyclosporiasis as the outbreak continues to add up.
The White House says Trump's stop at GM's Milford Proving Ground is meant to highlight his administration's push to bring manufacturing back to the U.S.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Michigan's average gas prices are up 8 cents a gallon for regular unleaded fuel as compared to a week ago, AAA-The Auto Club reports.
The White House says Trump's stop at GM's Milford Proving Ground is meant to highlight his administration's push to bring manufacturing back to the U.S.
A new travel connection begins Monday with the Gordie Howe International Bridge opening for vehicle traffic between Detroit and Windsor.
Monday is a NEXT Weather Alert Day in Southeast Michigan as CBS News Detroit tracks a low-pressure system moving across the northern Great Lakes.
Michigan officials are tracking over 1,000 new cases of cyclosporiasis as the outbreak continues to add up.
The Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, Canada, is set to open to motorists on Monday. Businesses, including Six Spoke Brewing Company, are excited for its debut.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Behind every video is a true family effort.
The White House says Trump's stop at GM's Milford Proving Ground is meant to highlight his administration's push to bring manufacturing back to the U.S.
Crude prices dropped as the U.S. Ambassador to the UN said suspension of attacks is aimed at finding a diplomatic solution.
Food safety experts say cuts to the public health system hobbled the response — and that the next outbreak could be much worse.
Three people were killed and four others wounded in a shooting during a food festival at the Seattle Center near the Space Needle, police said. A suspect was in custody and another was being sought, they said.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
Michigan officials are tracking over 1,000 new cases of cyclosporiasis as the outbreak continues to add up.
According to a CBS News poll released on Sunday, 40% of Americans are buying or eating less produce because of the outbreak of cyclospora, which causes cyclosporiasis. So, CBS News Detroit wanted to know if this sudden shift in eating habits has impacted people and restaurants in Metro Detroit.
Since May, more than 11,000 cases of illness caused by the parasite cyclospora have been reported in 41 states. This comes after the Trump administration drastically cut FDA and CDC staff, prompting one expert to call this summer's outbreaks "a national wake-up call."
A Michigan man is headed to prison for selling misbranded weight-loss drugs imported from China, federal prosecutors said.
The number of cyclosporiasis cases in Michigan has topped more than 8,000.
Michigan athletic director Warde Manuel will receive a $7.14 million lump sum as part of his separation agreement with the university.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
The Detroit Tigers were edged by the Royals 5-4 at Comerica Park on Sunday afternoon after Kansas City's Michael Massey hit a go-ahead, two-run homer with two outs in the eighth inning.
The Detroit Tigers were defeated by the Royals 3-2 on Saturday after Nick Loftin hit a tie-breaking home run in the ninth inning for Kansas City.
Tarik Skubal had a season-high 12 strikeouts and allowed one run in 7 1/3 innings in what could have been his last home start for Detroit, helping the Tigers to a 2-1 victory over the Kansas City Royals on Friday night.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
The suspect, identified as 21-year-old Abdul Ballout, was killed in a confrontation with police in a suburb of Berlin, police said.
Three people were killed and four others wounded in a shooting during a food festival at the Seattle Center near the Space Needle, police said. A suspect was in custody and another was being sought, they said.
A new travel connection begins Monday with the Gordie Howe International Bridge opening for vehicle traffic between Detroit and Windsor.
Some people - and some restaurants and food trucks - have shifted menu plans in response to the cyclosporiasis outbreak affecting Michigan and other states.
Opening day has arrived for the Gordie Howe International Bridge. President Trump plans to visit Metro Detroit. Those headlines and other top stories are in the CBS Detroit news brief.