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Rick Snyder

Michigan raises minimum wage

FBN’s Lauren Simonetti with the latest business headlines.

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  1. As Detroit emergency manager readies fix-it plan, hard work ahead

    Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term...

  2. Analysis: Hedge funds in search of distress take a look at Detroit

    In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fir...

  3. Big 3 Automakers Come to Aid of Destitute Detroit

    U.S. automakers joined other Michigan businesses on Monday in donating $8 million for new ambulances and police cars to Detroit as state-appointed emergency manager ...

  4. The Most and Least Expensive States for Car Insurance in 2013

    Louisiana is No. 1 -- but not in a desirable way.  It has the highest average car insurance rates in the nation, followed by Michigan and Georgia, according to Insur...

  5. Michigan to Take Over Detroit Finances

    Michigan Governor Rick Snyder is expected to announce on Thursday an emergency state takeover of Detroit, putting a lawyer with extensive experience managing corpora...

  6. Chrysler bankruptcy lawyer top pick for Detroit manager

    A bankruptcy expert who collected more than $1 million in fees in Chrysler's restructuring is the top candidate to take over Detroit as emergency financial manager.K...

  7. Space-X Launches Third Unmanned Commercial Mission

    FBN’s Shibani Joshi on Space-X’s unmanned rocket bringing supplies to the international space station.

  8. Michigan Governor Declares Financial Emergency in Detroit

    FBN’s Shibani Joshi on efforts to tackle Detroit’s growing budget deficit.

  9. Mich. Governor to Make Announcement on Detroit Finances

    FBN's Diane Macedo breaks down business news.

  10. How to Turn Around the Motor City's Ailing Economy

    Michigan State Senator Rick Jones on fixing Detroit's fiscal problems.

  11. Analysis: Bankruptcy filing may be bad option for Detroit

    WILMINGTON, Delaware (Reuters) - If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, str...

  12. Six States with the Highest Gas Prices

    Gasoline prices have risen more than 13% during the past month, and the chance that the average price per gallon nationwide could reach $4.00 has become a real threa...

  1. Detroit OK'd to Proceed with Bankruptcy Filing

    A federal bankruptcy judge on Tuesday ruled that Detroit could move ahead with the largest municipal bankruptcy in U.S. history, providing the city with protection f...

  2. Landmark Moment: Judge to Rule on Detroit Bankruptcy

    The largest-ever municipal bankruptcy petition in U.S. history faces a watershed moment on Tuesday, as the judge overseeing Detroit's bankruptcy case is scheduled to...

  3. Detroit bankruptcy judge orders mediator to handle union talks

    The federal judge presiding over Detroit's municipal bankruptcy ordered the mediator in the case to handle negotiations of collective bargaining agreements with the ...

  4. Officials Mull Plan to Sell Off Land, Shrink the Motor City

    Exclusive: Michigan officials overseeing Detroit's historic bankruptcy filing are discussing the possibility of selling off large pieces of land as one way to stem t...

  5. Detroit Bankruptcy Sets Stage for Costly Court Battle

    Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in t...

  6. Detroit Files for Largest City Bankruptcy in US

    Detroit filed the largest-ever municipal bankruptcy in U.S. history on Thursday, marking a new low for a city that was the cradle of the U.S. automotive industry and...

  7. Detroit on the Brink: What's the City's Next Move?

    Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with...

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