In largest-ever U.S. city bankruptcy, cuts coming for Detroit creditors, retirees
DETROIT (Reuters) – A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses t…
Despite ethics ban, lawyers find ways to reach N.Y. train accident victims
NEW YORK (Reuters) – It’s a scene that is both predictable and, for some critics, unseemly: After a major accident or other disaster, lawyers swoop in, seeking to represent victims or their loved ones who may want to file a lawsuit.
Idaho rescuers seek missing plane piloted by Silicon Valley exec
(Reuters) – Rescuers were searching a rugged and snow-covered swath of central Idaho for a single-engine airplane carrying five people, authorities said on Tuesday, two days after the pilot complained of engine trouble and then lost contact with air tr…
Early start hurts Black Friday sales, Cyber Monday hits record
(Reuters) – U.S. retailers rolled out holiday promotions earlier in November this year, denting sales growth over the Thanksgiving weekend that typically marks the beginning of the holiday spending period, according to data released Tuesday by ShopperT…
Miami suburb sued for aggressive police tactics, racial profiling
MIAMI (Reuters) – The mayor and police department of a predominantly black Miami suburb have been hit with a federal civil rights lawsuit over allegations of aggressive police tactics, including stop-and-frisk searches and arbitrary arrests, targeting …
Worker killed in fall at Texas A&M University football stadium
SAN ANTONIO (Reuters) – An employee at a company working on a $450 million stadium renovation at Texas A&M University plunged to his death from the fourth level of the building on Tuesday, university officials said.
Driver in fatal New York train crash was ‘in a daze’: sources
(Reuters) – The driver of a New York commuter train that derailed on Sunday, killing four people, told investigators he was “in a daze” shortly before the crash, sources said, and officials lamented his train lacked technology that could have prevented…
California Bay Area commuter rail unions sue to enforce contract that ended strike
SAN FRANCISCO (Reuters) – Unions representing more than 2,000 rail workers on Tuesday sued the San Francisco area’s commuter rail system, the nation’s fifth largest, saying management had reneged on an agreement to end a strike that paralyzed the netwo…
Alabama county emerges from second-largest municipal bankruptcy
BIRMINGHAM, Alabama (Reuters) – Alabama’s Jefferson County on Tuesday closed on a $1.78 billion sewer bond deal and brought an end to what had been the biggest U.S. municipal bankruptcy before Detroit filed for court protection from creditors in July.
In largest-ever U.S. city bankruptcy, cuts coming for Detroit creditors, retirees
DETROIT (Reuters) – A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses t…
