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David Beckham's Miami step closer as MLS owners support expansion

David Beckham's Miami step closer as MLS owners support expansion

Atlanta, Los Angeles and Minnesota are joining the league in the next three years.

GM recalls SUVs, tells owners not to use windshield wipers

The company is recalling nearly 32,000 Buick Enclave, Chevrolet Traverse and GMC Acadia SUVs from the 2016 model to fix the problem.

Key hearing on Detroit's historic bankruptcy begins in US court

Detroit made history nearly 14 months ago when it filed the biggest-ever Chapter 9 municipal bankruptcy. The confirmation hearing to determine if the city`s plan to exit bankruptcy is fair and feasible began on Tuesday and is scheduled to stretch through Oct. 17.

GM profit skids on recall costs

General Motors on Thursday posted a sharp drop in second-quarter profit as the automaker took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches.

Detroit bankruptcy raises red flags in other US cities

Even as a federal judge set a hearing on a challenge to a bankruptcy filing by Detroit, America's famed automotive city, questions are being raised about the fate of several other debt-crushed major US cities.

Bankrupt Detroit's downtown renaissance creates trickle of hope

Today the city bears an uncomfortable resemblance to a failed state: unable to light or police the streets, educate children, stop arson, or provide emergency care to the dying.

No federal bailout seen for Detroit

The city filed for bankruptcy on Thursday, saddled with USD 18 billion in debt and a tax base depleted by decades of population loss and urban blight.

Detroit bankruptcy challenged in court

Saddled with more than USD 18 billion in debt and a shrunken tax base, the birthplace of the US auto industry has been so strapped for cash it can't even keep the streetlights on.

Auto capital of the world Detroit files for bankruptcy

Automaking capital, Detroit became the largest US city ever to move for bankruptcy, with a liability running into USD18 billion.