bankruptcy

It’s hard to be shocked by anything relating to Detroit’s financial crisis. But frankly, I was, when I read the details of the report Emergency Manager…

Michigan Attorney General Bill Schuette has released a legal opinion that says the collection held by the Detroit Institute of Arts cannot be sold if the…

Budget awaits Governor Snyder's signature State lawmakers passed a budget that would increase funding to local governments and schools."Senate Majority…

As the prospect of a Chapter 9 Bankruptcy looms over Detroit, many are wondering what will become of the city.We spoke with Forbes.com contributor Micki…

The city of Detroit continues to try to find a way out of its fiscal crisis.A new report led by Michigan State University economist, Eric Scorsone,…

After 40 years in the business, the national bookstore chain Borders has officially called it quits.When the Michigan-based bookseller declared bankruptcy…

President Obama congratulated a crowd of Chrysler auto workers today in Toledo for their hard work as he stood surrounded by an assembly line of Jeeps. He…

Attorneys for Borders will be back in court this week asking a judge to give the troubled Ann Arbor-based book store chain more time to exit bankruptcy…

The company handling the liquidation sales at more than 200 Borders bookstores says most of those stores will close by this weekend. The liquidation sales…

The Wall Street Journal is reporting that Borders Group Inc. will move its headquarters from Ann Arbor to the Detroit metro area. The company is currently…