Michael Founder Michael del signaling that the board was not confident that it and michael dell and silverlake partners had convinced enough shareholders to say yes and go for them to accept a 24 billion deal. The new vote. Suppose to it take place next wednesday. David a special segment. The Senior Justice Department official. The next u. S. Labor secretary, confirmed by a vote of 56 mr. Teefor. This is the narrowest result for any of the president s second term cabinet members. Liz mortgage rates, the average 30year fixedrate mortgage dropping from a two year high last week following concerns about fed tapering and bond buying, the 30year rate. Liz we should mention rates up again today. According to the Detroit Free Press the city of detroit is in final preparations to file federal bankruptcy as early as tomorrow. We begin at 30 to 90 daytime from that will determine whether or not the city is eligible for chapter nine protection we have a busy day, a lot of earnings. After the bell
Detroit Mayor Mike Duggan plans to go to court over what he called an irresponsible decision by a pension board to shorten the time the city has to pay off legacy pension debt. The city will take action in bankruptcy court to attempt to get a judge to reverse the Police & Fire Retirement System…
Detroit's historic 2013-2014 bankruptcy was defined by the city making good on its promises to retirees.That battle is far from over.Nearly seven years after emerging from bankruptcy court, Detroit faces a new looming financial challenge over how aggressively to pay off pension debt when the city…