U.S. bankruptcy judge OKs $120 mln loan for Detroit-reports

April 2 Wed Apr 2, 2014 10:09am EDT

April 2 (Reuters) - A U.S. bankruptcy judge on Wednesday approved Detroit's plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city, according to newspaper reports.

The loan deal received previous approval from the Detroit City Council and Michigan's Local Emergency Financial Assistance Loan Board. (Reporting by Karen Pierog; Editing by James Dalgleish)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article