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Creditor opposes Detroit debt plan, says scrap it

A major Detroit creditor on Tuesday objected to the bankrupt city's plan to wipe out or reduce billions of dollars in debt, saying it should be scrapped before a trial scheduled to start next week.

Biofuel firm KiOR warns of bankruptcy

Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow.

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Like stocks, junk bonds show investor jitters

The stock market isn't the only place that's been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.

US stocks fall as geopolitical risks remain

The stock market pulled back slightly Tuesday, following two days of gains, as investors focused on the damage that ongoing geopolitical tensions were causing the global economy.

Q&A on changes coming to FICO credit scores

There are changes coming to FICO, a broadly used credit score, that may mean higher credit scores for many consumers.

McDonald’s sales hit by China scandal, U.S. weakness

McDonald’s says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China.

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Consumer spending sees modest increase in Missouri

A federal report released Thursday shows modest consumer spending increases in Missouri as the state’s economy continues to improve five years after the Great Recession.

Gov’t fines Hyundai $17.35M over brake defect

Hyundai has agreed to pay a $17.35 million fine for delayed reporting of a brake defect affecting Genesis luxury cars, the National Highway Traffic Safety Administration said Thursday.

Source: BofA nears $16-$17B settlement with US

Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.

Judge throws out LA's suit against JPMorgan Chase

A judge has thrown out a lawsuit filed by Los Angeles against the nation's biggest bank, JPMorgan Chase & Co., over its lending practices.

Sprint names new CEO after dropping T-Mobile bid

Sprint’s new owner is replacing its longtime CEO with a Bolivian billionaire and entrepreneur after dropping its bid for rival wireless carrier T-Mobile US.

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GOP's Oberweis says Durbin bullied Walgreen

As U.S. Sen. Dick Durbin declared victory Wednesday for Walgreen Co.'s decision to keep its headquarters in Illinois, Republican businessman Jim Oberweis accused him of "bullying," saying the Senate's second-ranking Democrat deserved scorn — not praise — for his efforts.

Venezuela considers selling US oil company Citgo

Venezuela's government confirmed on Tuesday that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis.

Spiked Sprint-T-Mobile deal may mean lower prices

The collapse of Sprint's push to buy T-Mobile US could mean fresh options in wireless plans and lower prices for U.S. consumers. But in the long run, tougher competition on prices could lead to slower service and slower expansion of coverage.

Stocks stabilize; Molson Coors jumps on earnings

U.S. stocks stabilized on Wednesday after energy stocks and earnings from a major beer brewer helped the market stem its recent declines.