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.
The suspect, 22, fled officers after a detective running a marathon saw him involved in an incident with a gun.
You deserve a treat. And this spring, Mother Nature is providing a seemingly endless supply – trillions of cicadas.
Authorities learned that the horse belonged to an Amish family. A tree fell on their fence overnight, allowing the horses to roam.
The worker stabbed a woman and two guards who tried to intervene before being subdued and held in a "shipboard jail," the affidavit says.
The Israeli military says it's reopened the Kerem Shalom crossing into Gaza, a key terminal for the entry of humanitarian aid, but the nearby Rafah crossing seized by Israel was still closed.
After the storms pass, we'll see sunshine and warm temperatures.
The suspect, 22, fled officers after a detective running a marathon saw him involved in an incident with a gun.
Michigan Gov. Gretchen Whitmer declared a state of emergency on Tuesday in Kalamazoo, St. Joseph, Branch and Cass counties following a severe storm and tornadoes.
Here's how you can snag $25 tickets to concerts heading to Metro Detroit this year.
You deserve a treat. And this spring, Mother Nature is providing a seemingly endless supply – trillions of cicadas.
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.
You deserve a treat. And this spring, Mother Nature is providing a seemingly endless supply – trillions of cicadas.
The worker stabbed a woman and two guards who tried to intervene before being subdued and held in a "shipboard jail," the affidavit says.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
Starbucks, once one of America's most cherished brands, is in a rut. Even long-time former CEO Howard Schultz is worried.
An 11-year-old boy in Warren has made medical history. He is one of two children in the world to receive an experimental gene therapy procedure to restore vision.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
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.
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.
A Michigan man, 22, was found hiding under a boat after fleeing officers following being involved in an incident that was spotted by an off-duty detective who was running a marathon. The suspect was arrested on gun and weapons charges, and officials discovered he was a parole absconder in a previous armed robbery conviction.
Parts of West Michigan are under a state of emergency after areas sustained heavy damage from tornadoes Tuesday night; the Detroit Police Department has zeroed in on a suspect in the disappearance of 13-year-old Na'Ziyah Harris, who was last seen in January and more on the latest top stories.
Rain returns tomorrow.
The National Weather Service confirmed that at least two tornadoes hit Southwest Michigan on Tuesday amid severe weather.
A substitute teacher with Huron Valley Schools district is accused of inappropriate interactions with students at Spring Mills Elementary School in Highland Township.