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Analysis: Bankruptcy filing may be bad option for Detroit

2013-02-22 05:31:44| Automakers - Topix.net

If the city of Detroit were a company, it would be a prime candidate to file for bankruptcy, using court protection to cut debt, streamline operations and trim retiree benefits.

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Panel finds Detroit in dire shape; up to governor to act

2013-02-20 02:46:01| Automakers - Topix.net

An expert panel concluded on Tuesday that Detroit faces a fiscal emergency in a city plagued by "operational dysfunction," leaving Governor Rick Snyder with a controversial decision of whether to declare a financial takeover by the state If Snyder does decide to appoint an emergency financial manager for Detroit, that person could decide that the ... (more)

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Fiat won't build Maserati in Detroit

2013-02-19 12:22:19| Automakers - Topix.net

Harald Wester, CEO of Maserati, shows off a concept SUV at the 2012 Detroit auto show.

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CMU Board to Consider Detroit Lease

2013-02-14 06:58:00| National Real Estate Investor

The mid-Michigan college wants space for class instruction and administrative functions in a Detroit satellite.

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Detroit mayor to make final pitch to avoid takeover of city

2013-02-13 18:35:06| Apparel - Topix.net

Detroit Mayor Dave Bing, a former professional basketball player, may have to hit the equivalent of a last-second shot during a speech on Wednesday to avoid losing much of his authority to a state takeover of the city's financial affairs.

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