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Sept. 1990 Sept. 1991 Percent rise 1. Thorn Apple Valley $3.83 $39.50 930.43% Thorn Apple Valley suffered losses in '89, but perked up big-time in 1990, with profits of more [...]

Detroit area stocks led the market decline in 2000, and now they're leading the recovery, economists said. Of the 93 area stocks Crain's Detroit Business follows, 58 closed higher during [...]

Michigan stocks did better than national indexes during the third quarter, but among metro Detroit stocks, more lost ground than gained over the period. Manufacturing and financial companies led the [...]

CHICAGO - The Detroit Public Schools are looking for a program manager to lead a massive school reconstruction plan -- a process that must be concluded before the schools can [...]

CHICAGO - The beleaguered Detroit Medical Center -- struggling after several years of mounting losses -- was hit with another blow Thursday when Fitch IBCA Inc. dropped its rating on [...]

CHICAGO - In a move that may be the first of many changes in the Detroit Public Schools' $1.5 billion general obligation bond program, chief executive officer David Adamany this [...]

Municipals were divided into a two-tiered market yesterday, with underwriters lowering select yields in the primary, while secondary market prices sagged 1/4 point on the long end amid increased selling. [...]

CHICAGO - A legislative battle over control of Detroit's water system will not stop the city from issuing $565 million of water and sewer revenue bonds in coming weeks, according [...]

CHICAGO - Two rating agencies have upgraded $560 million of Detroit's outstanding senior-lien water supply system revenue bonds, two weeks before a $265 million water bond sale. Fitch IBCA Inc. [...]

CHICAGO - Detroit is gearing up to issue as much as $550 million of various bonds in the coming months, including a large forward refunding that should hit the market [...]

CHICAGO - Detroit School District chief executive officer David Adamany said Tuesday that he has put the school's $1.5 billion bond program on hold while the district reassesses its building [...]

CHICAGO - With its financial picture looking better than it has in decades, Detroit is expected to find a receptive audience next week when it sells $44 million of general [...]

CHICAGO The Detroit Public School District plans to make a rare solo flight in the debt market tomorrow to sell $21 million of limited-tax general obligation bonds, even as its [...]

An article yesterday incorrectly stated the underlying rating assigned by Strandard & Poor's to the Detroit Public Schools. The rating is BBB- minus. Copyright c 1999 American Banker, Inc. All [...]

By Williamson, Tammy The Detroit City School District will price $305.2 million of general obligation bonds Wednesday in a long-awaited deal forged to reinvigorate a major school construction program. While [...]

CHICAGO -- The Detroit School District has not illegally profited from arbitrage on a 1996 bond issue, nor is it under any Internal Revenue Service investigation, school chief financial officer [...]

CHICAGO -- A $200 million bond sale for Detroit Public Schools scheduled for next month may have to be postponed indefinitely until school officials account for their handling of proceeds [...]

Standard & Poor's yesterday upgraded Detroit's unlimited-tax general obligation bonds to BBB-plus from BBB, giving new credibility to Mayor Dennis Archer's vaunted ambition to establish 'the most improved city of [...]

The tax-exempt market ended the session with #1/8-point gains yesterday, as an afternoon bid pulled issues higher. Reception for a continued onslaught of new deals was mixed, with positive reviews [...]

If Ohio, Detroit, St. Louis, or Polk County, Iowa, were kids taking home their report cards, they'd have a good shot at extended curfews, allowance hikes, and maybe even their [...]

Moody's Investors Service yesterday gave Detroit its third investment- grade rating, upping the city's rating on approximately $300 million of unlimited-tax general obligation bonds to Baa from Ba1. The upgrade [...]

Detroit Schools Hold Off on Selling $124 Million Issue Until Next Year An already troubled $124 million bond issue for the Detroit Public School District has been postponed until next [...]

Michigan Treasurer Douglas Roberts says he will not allow the Detroit Public School District to participate in the Michigan School Bond Loan Fund until several financing questions are cleared up. [...]

With half of the year over, Wall Street firms' dominance of the Midwest municipal market is showing no signs of letting up. Issuance for the region rose more than 23% [...]

Officials with Wayne County, Mich., and Northwest Airlines announced late Monday that they have reached agreement on a partially bond financed $1.6 billion expansion plan for the Detroit Metropolitan Wayne [...]

Midwest voters said yes to partially bond-financed stadium plans in Tuesday's elections, but they said no to major school bond issues. Detroit voters gave the green light to the city's [...]

Detroit School District was the latest issuer to pull back from the primary market when it placed a $109 million general obligation issue anticipated yesterday on a day-to-day status yesterday [...]

Although the Republican presidential primaries will steal most of the headlines in the Midwest next Tuesday, voters in Michigan, Ohio, Illinois, and Wisconsin will also be considering several bond-related ballot [...]

Detroit Public Schools officials are taking in stride the rocky market that has developed the very week they planned to kick off their $1.5 billion, debt-financed capital improvement program with [...]

Moody's Investors Service has not given Detroit what it wanted - the return of an investment-grade rating. Instead, the rating agency affirmed a Ba1 rating on Detroit's $449 million of [...]

If your portfolio of stocks included any of the top 20 or so 1995 performers among the Detroit area's roughly 75 publicly held companies, our congratulations. But most investors would [...]

A Michigan lawmaker is drafting legislation that would bar the state from using a locally collected lodging tax to help pay off $167 million in bonds issued for a Detroit [...]

Sporting a matching set of investment-grade ratings, Detroit is scheduled to enter the market today with a long-awaited $100 million bond issue that will result in the elimination of the [...]

Washington has said yes, but now the Midwest has to get its act together. Empowerment zones have been approved for Chicago and Detroit, and other Midwestern communities have the go-ahead [...]

CHICAGO -- Detroit Public Schools officials are hailing voters' overwhelming approval of a $1.5 billion bond issue, and say they will price the first series of the school bonds by [...]

CHICAGO -- The Detroit Public Schools are waging a solitary battle to pass a mammoth $1.5 billion bond referendum that has failed to win the support of business, civic, or [...]