UPDATE 1-Detroit eligible for bankruptcy protection -U.S. judge

DETROIT, Dec 3 (Reuters) - Detroit is eligible for the biggest municipal bankruptcy in U.S. history because the city is broke and negotiations with its thousands of creditors were unfeasible, a...

from Reuters: Bonds News http://feeds.reuters.com/~r/reuters/bondsNews/~3/H_g_BKcida8/story01.htm