Detroit Reaches More Bankruptcy Deals With Creditors

Now watching

Next video starts in : 7 Play

Detroit Reaches More Bankruptcy Deals With Creditors

Detroit Reaches More Bankruptcy Deals With Creditors
Replay video
Up next

Mo'Nique -- Blackballed or Not ... I'm Not Afraid of Lee Daniels

Unlock your personal NFL Now stream by signing in to NFL.com

Detroit Reaches More Bankruptcy Deals With Creditors

by Wochit 0:44 mins

1,800 views

Detroit Reaches More Bankruptcy Deals With Creditors

by Wochit 0:44 mins

1,800 views

Detroit announced settlements Friday with a group of holdout unsecured bondholders and the city's largest union, moves that put the Motor City a step closer to exiting bankruptcy. The deals also may encourage more workers and retirees to approve the city's grand bargain aimed at reducing pension cuts and rescuing the Detroit Institute of Arts. The names of the bondholders and the amounts and terms of the deal weren't released, with mediators saying details "are in the final documentation process" and that the creditors are companies that either hold or insure a large majority of limited-tax general obligation bonds.

Wochit

Must Watch

  1. 1:51

    Walking Dead Ahead, Season 5 Episode 13

  2. 2:10

    Fairies 'Evicted' From Town Forest

  3. 2:56

    Community Season Six Trailer Premiere

  4. 0:52

    SNL Promo: Chris Hemsworth - Zac Brown Band

  5. 1:23

    Kurt Cobain’s Childhood Home On Sale For 400K

Community

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:05

    Community 501 - Season 5: Super Seniors

  3. 2:30

    Community 401 - Season 4: Senior Year

  4. 3:05

    Community 301 - Season 3: Junior Year

  5. 2:56

    Community 201 - Season 2: Sophomore Year

  6. 3:02

    Community 101 - Season 1: Freshman Year

Live Nation

  1. 5:00

    Foreigner - Feels Like the First Time - Live from NYCB Theatre at Westbury #YahooLive

  2. 0:53

  3. 5:12

    Gilberto Santa Rosa - Apaga la Luz - Live from House of Blues Las Vegas #YahooLive

  4. 2:35

    Big Sean - All Me - Live from House of Blues Sunset Strip #YahooLive

Yahoo Studios