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>> DETROIT BANKRUPTCY Latest News

20 HOURS AGO - San Francisco Chronicle

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Standard & Poor's boosts Detroit's rating on revenue bonds

DETROIT (AP) — Standard & Poor's has boosted Detroit's rating on eight- to 15-year bonds the city plans to sell to improve public services. The revenue bonds have been given an "A'' rating by S&P. S&P also gave Detroit a "B'' issuer credit rating. Both have stable outlooks. City officials said Wednesday that the better rating could get Detroit a ...

Tags: Standard & Poor's boosts Detroit's rating on revenue bonds,  Detroit Bankruptcy Latest News

21 HOURS AGO - ABC News

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JUL 20, 2015 - San Francisco Chronicle

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Cost of insurance forcing many in Detroit to 'drive dirty'

DETROIT (AP) — Many drivers in Detroit find it tough to pay their auto insurance premiums, which are the highest in the nation at more than $5,000 a year for full coverage. [...] Mayor Mike Duggan is trying to do something about the high insurance costs based on concerns that they are deterring new residents and investment from coming to ...

Tags: Cost of insurance forcing many in Detroit to 'drive dirty',  Detroit Bankruptcy Latest News

JUL 14, 2015 - San Francisco Chronicle

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FCA CEO, union agree that two-tier wages should go

DETROIT (AP) — Fiat Chrysler CEO Sergio Marchionne and United Auto Workers President Dennis Williams agree on at least one thing: getting rid of the two-tier wages for hourly workers in the company's U.S. plants. Among the major issues on the table is the tiered wage system in place at U.S. plants. The UAW agreed to allow lower pay for ...

Tags: FCA CEO, union agree that two-tier wages should go,  Detroit Bankruptcy Latest News