Recent estimates made by the Labor Department show that initial claims for jobless benefits have dropped to the lowest weekly tally in over 14 years. These figures reflect a healthy trend in the labor market, as employers seem to be laying off very few workers. The data released on Thursday shows that the number of people in the United States applying for jobless benefits has dropped by 23,000 … [Read more...]
Final Settlement Reached by Bond Insurer in Detroit Bankruptcy Case
A final settlement has been reached in the case concerning the Detroit municipal bankruptcy case, after claims that could have influenced the city’s exit from bankruptcy protection. According to the court filing on Monday, a comprehensive settlement had been reached that would have the bond insurer end its objection to the debt-cutting plan proposed by the city. Lawyers from Syncora Holdings … [Read more...]