COLUMN-Should you worry about Detroit's pension woes?

Tue Jul 30, 2013 2:26pm EDT By Mark Miller CHICAGO, July 30 (Reuters) - The news from Detroit is enough to rattle anyone relying on a traditional pension: an unprecedented bankruptcy filing by a major U.S. city that opens the door to possible...

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S&P says U.S. public finance rating trends positive, despite Detroit

WASHINGTON, July 30 | Tue Jul 30, 2013 4:20pm EDT WASHINGTON, July 30 (Reuters) - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter, despite the default by Detroit, Standard & Poor's Ratings Service...

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UPDATE 1-Despite Detroit, U.S. public finance ratings improve -S&P

Tue Jul 30, 2013 4:57pm EDT WASHINGTON, July 30 (Reuters) - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter despite the default by Detroit, Standard & Poor's Ratings Service said on Tuesday,...

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Detroit again leans on Tigers, other teams to lift city's spirits

By Joseph Lichterman DETROIT, July 29 | Sun Jul 28, 2013 8:59pm EDT DETROIT, July 29 (Reuters) - For five days in July 1967 riots tore apart Detroit, exacerbating racial tensions, and forcing the National Guard to quell the violence. The...

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Naming mediator brings authority to fractious Detroit bankruptcy case

By Nick Brown July 29 | Mon Jul 29, 2013 12:00am EDT July 29 (Reuters) - Of all the legal maneuvers so far in Detroit's bankruptcy case by unions or the city's emergency manager, the one that may have the most impact was when the judge decided...

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In cash-strapped Detroit, few question sports arena funding

By Joseph Lichterman DETROIT, July 29 | Mon Jul 29, 2013 12:59am EDT DETROIT, July 29 (Reuters) - While Detroit has become a top emblem of U.S. urban economic decline with its recent bankruptcy filing, it remains a resilient and vibrant sports...

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U.S. muni board watching general obligation debt in Detroit case

WASHINGTON, July 26 | Fri Jul 26, 2013 3:48pm EDT WASHINGTON, July 26 (Reuters) - The municipal bond market's self-regulator on Friday said the Detroit emergency manager's proposed treatment of general obligation bonds in the city's bankruptcy...

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Tennessee victims in U.S. meningitis outbreak win new avenue for lawsuits

By Tim McLaughlin BOSTON, July 26 | Fri Jul 26, 2013 5:30pm EDT BOSTON, July 26 (Reuters) - Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities and doctors...

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Praktiker says Max Bahr units to file for insolvency

FRANKFURT, July 25 | Thu Jul 25, 2013 2:02pm EDT FRANKFURT, July 25 (Reuters) - German home improvement retailer Praktiker said on Thursday insolvency proceedings would be filed for its Max Bahr units in Germany after a trade credit insurer stopped...

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'No Bailout': Senators look to pre-empt U.S. aid to Detroit

By Lisa Lambert WASHINGTON, July 25 | Thu Jul 25, 2013 4:11pm EDT WASHINGTON, July 25 (Reuters) - Republicans in the U.S. Senate want to make sure the federal government does not become involved in the financial maelstrom hitting Detroit, which...

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PRESS DIGEST-New York Times business news - July 26

July 26 | Fri Jul 26, 2013 1:41am EDT July 26 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Federal authorities have delivered...

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FEATURE-Detroit area's battle with blight may be key to survival

By Nick Carey DETROIT, July 25 | Thu Jul 25, 2013 12:00am EDT DETROIT, July 25 (Reuters) - If you want to tackle Detroit's thousands of abandoned homes and trash-strewn and overgrown lots, there are few better places to start than in Brightmoor...

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PRESS DIGEST - Wall Street Journal - July 25

July 25 | Thu Jul 25, 2013 12:41am EDT July 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * The success of the new health-care law...

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South Africa's Investec, Nedbank exposed to troubled building firm

Thu Jul 25, 2013 4:58am EDT JOHANNESBURG, July 25 (Reuters) - South African firms Investec, Nedbank and Sanlam said on Thursday they had exposure to troubled construction company First Strut, which has 925 million rand ($95 million) worth of...

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Fight over Detroit bankruptcy begins in federal court

By Bernie Woodall and Deepa Seetharaman DETROIT, July 24 | Wed Jul 24, 2013 12:00am EDT DETROIT, July 24 (Reuters) - A showdown over the biggest municipal bankruptcy filing in U.S. history begins in a federal court on Wednesday morning as creditors...

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Detroit bankruptcy judge finally gets his big case

By Tom Hals July 24 | Wed Jul 24, 2013 12:01am EDT July 24 (Reuters) - When Judge Steven Rhodes convenes the first hearing in Detroit's bankruptcy on Wednesday, more than a hint of irony will permeate the city's federal courthouse. The 64-year-old...

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Mexico's Maxcom files for bankruptcy, pursues Ventura deal

Wed Jul 24, 2013 2:46am EDT * Maxcom to go ahead with Ventura recapitalization plan * To receive $45 mln from investor group led by Ventura * Investor group to launch tender offer for Maxcom stock July 24 (Reuters) - Maxcom filed for...

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Q+A-Governor, emergency manager defend Detroit bankruptcy

DETROIT, July 19 | Fri Jul 19, 2013 7:30pm EDT DETROIT, July 19 (Reuters) - Less than 24 hours after Detroit filed the largest municipal bankruptcy in U.S. history, the two men behind the historic action - Michigan Governor Rick Snyder and Detroit...

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UPDATE 3-Detroit bonds drop, judge seeks to halt bankruptcy filing

Fri Jul 19, 2013 9:03pm EDT By Nick Carey DETROIT, July 19 (Reuters) - Investors dumped Detroit's municipal bonds a day after the city's historic bankruptcy filing even as a ruling in state court raised questions about whether the bankruptcy...

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Retirees could bear brunt of Detroit bankruptcy

By Joseph Lichterman and Deepa Seetharaman DETROIT, July 19 | Fri Jul 19, 2013 9:45pm EDT DETROIT, July 19 (Reuters) - When Paula Kaczmarek moved to Detroit in 1978 to work for the city's public library system, a guarantee of good retirement...

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Q+A-Governor, emergency manager defend Detroit bankruptcy

DETROIT, July 19 | Fri Jul 19, 2013 7:30pm EDT DETROIT, July 19 (Reuters) - Less than 24 hours after Detroit filed the largest municipal bankruptcy in U.S. history, the two men behind the historic action - Michigan Governor Rick Snyder and Detroit...

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UPDATE 3-Detroit bonds drop, judge seeks to halt bankruptcy filing

Fri Jul 19, 2013 9:03pm EDT By Nick Carey DETROIT, July 19 (Reuters) - Investors dumped Detroit's municipal bonds a day after the city's historic bankruptcy filing even as a ruling in state court raised questions about whether the bankruptcy...

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