Detroit calls in administrator to put it on the road to recovery

Kevyn Orr helped organise the successful restructuring of Chrysler, when the venerable car maker was considered all but dead. Now the top bankruptcy lawyer has an even tougher task: to lead Detroit – the city that rose and fell with America’s car industry – back from the brink of ruin.

Allen Stone, Dingwalls, London

"I'm going to do something I never do," confesses Allen Stone. "I've got a song called 'The Fly' I wrote two days ago in my hotel room I'd like to sing to you." It's a courageous and daft act from this resolutely bland American soul singer.

The man with Beatles and Stones for his birthday

Private equity boss David Bonderman, reportedly the 209th richest man in America, turns 70 next week. According to the BBC's business editor, Robert Peston, the co-founder of TPG Capital celebrated the milestone in Vegas with a private gig from Sir Paul McCartney. Bonderman is said by Forbes magazine to be worth in the region of $2bn, and a decade ago celebrated his 60th in similar style, with musical performances by The Rolling Stones and and a stand-up set by Robin Williams. That party cost him $7m.

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