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Results 21 - 36 of 39 for "u:reuters.com" in Detroit, MI

  1. San Bernardino council backs bankruptcy plan that hammers bondholdersRead the original story

    May 19, 2015 | Reuters

    May 18 San Bernardino's council approved a bankruptcy exit plan on Monday night that seeks to virtually eliminate the southern California city's pension bond debt while paying Calpers, the state pension system, in full. The bankruptcy blueprint, called a plan of adjustment, must now be presented to the federal judge overseeing the city's bankruptcy by May 30, under a court-imposed deadline.

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  2. San Bernardino bankruptcy plan: bondholders hammered while pensions kept wholeRead the original story w/Photo

    May 14, 2015 | Reuters

    The Southern California city of San Bernardino wants to repay its pension bondholders just a penny on the dollar while paying the state pension fund Calpers in full under its long-awaited bankruptcy exit plan released on Thursday. Under the bankruptcy plan, called a plan of adjustment, San Bernardino also intends to virtually eliminate retiree health insurance costs, and outsource its fire, emergency response and trash services.

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  3. UPDATE 2-San Bernardino bankruptcy plan: bondholders hammered while pensions kept wholeRead the original story

    May 14, 2015 | Reuters

    The Southern California city of San Bernardino wants to repay its pension bondholders just a penny on the dollar while paying the state pension fund Calpers in full under its long-awaited bankruptcy exit plan released on Thursday. Under the bankruptcy plan, called a plan of adjustment, San Bernardino also intends to virtually eliminate retiree health insurance costs, and outsource its fire, emergency response and trash services.

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  4. San Bernardino bankruptcy plan: Calpers fully paid, bondholders get much lessRead the original story

    May 14, 2015 | Reuters

    May 14 The Southern California city of San Bernardino wants to repay its pension bondholders just a penny on the dollar while paying the state pension fund Calpers in full under its long-awaited bankruptcy exit plan released on Thursday. Under the bankruptcy plan, called a plan of adjustment, San Bernardino also intends to virtually eliminate retiree health insurance costs, and outsource its fire, emergency response and trash services.

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  5. GM halts factory in southern Brazil amid shipping standoffRead the original story w/Photo

    May 12, 2015 | Reuters

    The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan in this file photograph taken August 25, 2009. ) said it suspended production at a factory in southern Brazil on Tuesday due to a standoff with truckers shipping vehicles from the plant.

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  6. UPDATE 1-San Bernardino bondholders lose out versus Calpers, judge rulesRead the original story

    May 11, 2015 | Reuters

    An attempt by holders of bonds issued by bankrupt San Bernardino to win the same treatment accorded the city's biggest creditor, state pension giant Calpers, was thrown out by a federal judge on Monday. The ruling comes three days before the southern California city of San Bernardino is to produce a bankruptcy exit plan and would appear to clear the way for the city to slash its bondholder debt.

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  7. San Bernardino to release bankruptcy exit plan on May 14Read the original story

    May 8, 2015 | Reuters

    Almost three years after declaring bankruptcy, the southern California city of San Bernardino will issue its long-awaited bankruptcy exit plan on Thursday, May 14, the city mayor said on Friday. San Bernardino mayor Carey Davis told Reuters in a telephone interview that a copy of the bankruptcy plan, known as a plan of adjustment, will be attached to the agenda for the next council meeting, which will be posted online next Thursday.

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  8. San Bernardino to release bankruptcy exit plan on May 14Read the original story

    May 8, 2015 | Reuters

    May 8 Almost three years after declaring bankruptcy, the southern California city of San Bernardino will issue its long-awaited bankruptcy exit plan on Thursday, May 14, the city mayor said on Friday. San Bernardino mayor Carey Davis told Reuters in a telephone interview that a copy of the bankruptcy plan, known as a plan of adjustment, will be attached to the agenda for the next council meeting, which will be posted online next Thursday.

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  9. Bankrupt San Bernardino reveals details of deal with CalpersRead the original story

    Mar 26, 2015 | Reuters

    The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state's public pension system Calpers, in which the retirement fund will be paid in full under the city's bankruptcy exit plan. San Bernardino announced last year it intended to pay the powerful California Public Employees' Retirement System in full under its bankruptcy plan, while cutting its bondholder debt.

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  10. Press Digest- British Business - March 19Read the original story

    Mar 18, 2015 | Reuters

    March 19 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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  11. Ryan Gosling makes his U.S. directorial debutRead the original story w/Photo

    Mar 16, 2015 | Reuters

    Actor Ryan Gosling made his U.S. directorial debut at the film portion of South By Southwest festival in Austin Texas. His new film "Lost River" is a fantasy thriller set in a grim town where a struggling single mother gets gradually swept into a dark underworld while her son discovers an underwater utopia.

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  12. Bondholders split on merits of Chapter 9 for Puerto Rico agenciesRead the original story

    Feb 26, 2015 | Reuters

    Bondholders are split on a proposed bill to give Puerto Rico's ailing public agencies a way to restructure debt under U.S. bankruptcy law, with some saying it would give confidence to the market and others arguing it is a "Wild West" solution. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code - used by Detroit, Michigan, and Stockton, California - was proposed by the U.S. territory's representative to Congress, Democrat Pedro Pierluisi.

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  13. Chapter 9 a 'Wild West' solution for Puerto Rico agencies: adviserRead the original story

    Feb 25, 2015 | Reuters

    A proposed bill to give Puerto Rico's ailing public agencies a way to restructure debts under U.S. bankruptcy law is a "Wild West" solution that would likely hurt bondholders, an adviser for major investors argued in written testimony ahead of a key congressional committee. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code - used by cities such as Detroit, Michigan, and Stockton, California - was proposed by the U.S. territory's representative to Congress, Democrat Pedro Pierluisi.

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  14. Chapter 9 a 'Wild West' solution for Puerto Rico agencies -adviserRead the original story

    Feb 25, 2015 | Reuters

    A proposed bill to give Puerto Rico's ailing public agencies a way to restructure debts under U.S. bankruptcy law is a "Wild West" solution that would likely hurt bondholders, an adviser for major investors argued in written testimony ahead of a key congressional committee. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code - used by cities such as Detroit, Michigan, and Stockton, California - was proposed by the U.S. territory's representative to Congress, Democrat Pedro Pierluisi.

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  15. A President Jeb Bush would trample on Reagan's legacyRead the original story w/Photo

    Feb 5, 2015 | Reuters

    Former Florida Governor Jeb Bush addresses the Detroit Economic Club about his "Reform Conservative Agenda" in Detroit, Michigan, February 4, 2015 REUTERS/Rebecca Cook You can say one thing about the Bushes: They don't quit easily. Even when they try over and over - and fail over and over - to redesign traditional American conservatism.

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  16. Stockton, California, bankruptcy judge denies motion to stall planRead the original story

    Jan 20, 2015 | Reuters

    The judge overseeing the bankrupt city of Stockton, California, has denied a motion by a holdout creditor to stall the city's plan to begin paying its debts. U.S. Federal Bankruptcy Court Judge Christopher Klein said on Tuesday the potential harm to other creditors, such as the city's 1,100 retirees, and to the city's ability to attract new business, along with the low likelihood of an appeal's success, convinced him to deny a pending stay on the confirmed plan.

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