A man walks towards the sunset on Sept. 6, 2013 in Detroit, Michigan.
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Business Latest: Who pays the bills for Detroit?

 

DETROIT: WHO PAYS THE BILLS?: The bill for decades of Detroit’s financial decline has now come due. A federal judge’s ruling greenlighting the largest municipal bankruptcy in US history sets the stage for an epic legal battle over who will be asked to pick up the tab, including bond investors, retired city workers, state taxpayers, or Wall Street bankers. Read more

CORRUPT COUNTRIES: Transparency International releases its 19th annual Corruption Perception Index, ranking the world’s cleanest (and dirtiest) countries, at least based on the perception of how corrupt they are.  Once again, the U.S. turns in a less-than-stellar performance. The world’s largest economy ties with Uruguay this year, and finishes below Barbados and Canada in North America. Read more

THREE REASONS APPLE WILL HAVE  A BIG 2014: Apple’s stock has taken a lot of hits this year. But the company is set for a big comeback in 2014, said one UBS analyst who upgraded the company’s stock from $540 to $650 on Tuesday. Here are three things the company is doing to spur growth next year. Read more

US STOCKS CLOSE LOWER; DOW LOGS LONGEST LOSS STREAK IN NEARLY SIX WEEKS Read more

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Business Latest: Who pays the bills for Detroit?