According to financial analysts, the filing of the city of Detroit for Chapter 9 bankruptcy protection does not usually occur.
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How the free trade policy ruined Detroit City
According to analysts, the North American Free Trade Agreement or NAFTA can be blamed for the current situation of Detroit.
The Dominican Republic's Orange is considering selling stakes to offload debt
Orange has announced that it is considering the sale of shares to improve its capital structure. Orange, originally known as France Telecom, announced that it is now considering selling its operations in the Dominican Republic.
UBS outperforms other underwriters in Southeast Asia
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Decade-long mismanagement led to Detroit's downfall - Analysts
Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.
Latest News
Detroit City's officials announced today that the city filed for bankruptcy. The city of Detroit filed for bankruptcy today, making history as the largest city in the United States to ever perform such course.
ESPY recognized Robin Roberts' efforts by giving her the Arthur Ashe Courage Award. Tonight, Robin Roberts received the Arthur Ashe Courage Award at the ESPYs.
Whose Line Is It Anyway? would be aired again on the CW every Tuesday night with promised appearances from the veteran comedians.
Verizon Wireless was scheduled to introduce its installment plans to its customers on August 25. On Thursday, Verizon Wireless stated that it would join AT&T and T-Mobile in making installment plans for its available phones.
150,000 guests attended Comic-Con's 44th annual pop-culture festival kicked off last Wednesday.
Snooki of MTV's Jersey Shore and Snooki & JWoww was accused by critics to be getting too thin. The red carpet event on Tuesday night displayed a slimmer figure of Nicole Elizabeth "Snooki" Polizzi.
Britain's Prince William and his wife Kate were waiting for the birth of their first child as the baby fever was expected to boost Britain's economy by GBP240 million.
Royal and Ancient Golf Club's chief executive Peter Dawson defended excluding women amidst the fear of losing revenue.
Tiger Woods will play at the British Open on Thursday with almost US$600 million in his pocket. Disgraced golf superstar Tiger Woods is set to play at this week's British Open.
