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New Deal Could Save JCPenney
A tentative deal is set to save JCPenney from bankruptcy.
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A tentative deal is set to save JCPenney from bankruptcy.
The last couple of years hasn't been good for some retailers. J.C. Penney has had a rough time trying to tread water in what has been a stormy retail environment for some time.
BarFly Ventures, the company that owns the Hopcat restaurant chain has filed for bankruptcy. The chain that is known for its extensive list of craft brews and their famous "Cosmik Fries".
Bar Louie, a restaurant chain known for its cocktails and burgers, has filed for bankruptcy and closed dozens of locations.
Forever 21, the teenage clothing emporium that rode America's mall boom and bust, filed for Chapter 11 bankruptcy on Sunday.
Sears and Kmart's parent company filed for bankruptcy, and it plans to close 142 of its worst-performing stores.
Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy.
Brookstone filed for bankruptcy and will close its remaining 101 mall stores.
Detroit is released from state financial oversight 3 years after exiting the largest ever U.S. municipal bankruptcy.
Someone is betting $40,026 on the life of a 73-year-old lottery winner in Michigan.
An unusual auction in Michigan will turn the top bidder into an instant lottery winner on Thursday.
The winner will receive $1,000 a month as long as the ticket's original owner lives.
The filing came after the ex-representative failed to reach a settlement in a lawsuit by the manager of his 2012 campaign.
RadioShack has announced the Metro Detroit stores that will be closing as the retail chain enters bankruptcy.
The resort says in a statement that it "fully expects to continue normal operations throughout this process."
Detroit's long-term fiscal recovery plan was approved Friday by a bankruptcy judge and calls for $1.7 billion to remove blight and fix city services over the next 10 years.
Judge Steven Rhodes approved Detroit's plan to get out of bankruptcy, ending the largest public filing in U.S. history on Friday. Here's a look at the events leading up to that decision.
Judge Steven Rhodes said he's striking portions of a court filing by Syncora, a bond insurer that could lose millions of dollars in a trial that starts next week.
The tour, which was said to take just over three hours, covering 58 miles of a variety of the city's areas, came ahead of bankruptcy confirmation hearings.
A judge overseeing Detroit's bankruptcy is getting an earful from retirees who are opposed to the city's plan to get back on its feet.
Flint, too, also has suffered a spectacular drop in population and factory jobs and a corresponding rise in property abandonment.
Thousands of Detroit retirees and city employees must have their ballots on the city's plan of adjustment in the bankruptcy case turned in this week.
Experts are looking at ways for the cash strapped city to raise money have suggested increasing fines, and going after parking deadbeats.
"I want to say to everyone whose a resident of the city, no one is more aware of the hardship that this is going to cause to a number of different people than me," Kevyn Orr said.
Federal Judge Steven Rhodes has ruled that, under law, pensions can be cut in Detroit's bankruptcy.
A police department is alerting residents after one Metro Detroit township has seen an increase in coyote sightings.
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Michael Lopez has been charged in the shooting death of Melvindale police officer Mohamed Said.
The Dallas-based airline is putting an end to its open seating policy, will begin offering premium seating and is introducing redeye flight options.
Michael Lopez has been charged in the shooting death of Melvindale police officer Mohamed Said.
A police department is alerting residents after one Metro Detroit township has seen an increase in coyote sightings.
Penelope "Penny" Wise was found safe on Sunday after a community member spotted her, according to the Kent County Sheriff's Office.
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings.
Consumer spending helped drive growth despite cost-of-living expenses that have spiked across the country.
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings.
Ford will make its F-Series Super Duty pickups at a plant in Ontario, Canada beginning in 2026 in order to keep up with customer demand for the vehicle.
The Biden administration is awarding $1.7 billion to 11 "shuttered or at-risk" facilities in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia, to bolster electric vehicle production.
Throughout the next year, dozens of new zero-emission buses will be hitting the pavement in the city of Detroit, all thanks to a $30.8 million federal grant.
The company said the temporary layoffs will impact about 1,600 workers for the month of July.
The last surviving original member of the Four Tops has died.
Connor Stalions is set to share his side of the story from an alleged sign-stealing scheme within Michigan's football team before the Wolverines went on to win the national championship.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings.
This is what you need to know about when the 2024 Paris Olympics start and end, along with key games and events on the schedule.
President Biden said it's been the privilege of his life to serve the country for over 50 years.
The House overwhelmingly voted Wednesday night to establish a bipartisan task force to investigate the attempted assassination of former President Donald Trump.
Kamala Harris' campaign appears to be casting a wide net to find a VP, vetting a large number of potential running mates.
Gov. Gretchen Whitmer has signed a law that would make it easier for people to be released from Michigan prisons if they're in debilitating health.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold under the Silk and Great Value brands.
The study showed that inulin administered as gel-based immunotherapy prevented allergic reactions in mice for common peanut, egg white and milk allergies.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
This is what you need to know about when the 2024 Paris Olympics start and end, along with key games and events on the schedule.
The Detroit Lions are coming off their best season in generations, earning two playoff victories in one postseason for the first time since winning the 1957 NFL title.
WWE legend Hulk Hogan is scheduled to visit Metro Detroit this week to launch his Real American Beer brand in Michigan.
The IOC also voted on Wednesday to name the French Alps as the host of the 2030 Winter Games.
Michigan colleges are recruiting top sports talent, and it's not just for the athletic fields. The world of video games is rapidly changing. Competitive gaming is drawing more and more people around the world, even at the collegiate level. College signing day isn't just for the football stars anymore.
With a red-hot election season on and 2024 past the halfway point, the focus is on business.
Gardner-White is a 112-year-old family-owned furniture retailer, and Stewart is the first female to serve as CEO of the company.
It's a focus on our physical well-being as we talk about the importance of oral health and its impact, particularly among children.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
The Detroit Lions opened their 2024 training camp in Allen Park on Wednesday.
Areas of fog this morning with hazy sunshine returning this afternoon. NEXT Weather Meteorologist Kylee Miller has your Thursday forecast.
Charges have been filed against Michael Lopez, 44, the man accused of fatally shooting Melvindale police officer Mohamed Said on Sunday.
Funeral visitation begins at noon Thursday for fallen Melvindale police officer Mohamed Said, who was killed in the line of duty Sunday after responding to a call about suspicious activity. The suspect in the shooting, Michael Lopez, 44, was arrested Monday. Here's more on that and the latest top stories.
As part of Michigan Gov. Whitmer's 2024-25 state budget, the Detroit Water and Sewerage Department (DWSD) says $10 million appropriated for water utility needs is a step toward providing Detroiters with consistent water.