The Detroit News won three national awards for business reporting, including two awards for the newspaper's exhaustive coverage of Detroit's bankruptcy.

The Society of American Business Editors and Writers named the following winners Saturday in Chicago:

*For breaking news, The Detroit News took first place for a story on the breakthrough in Detroit's bankruptcy that allowed the city to reach a settlement with its fiercest holdout creditor. Reporters on the story were Robert Snell, Chad Livengood and David Shepardson.

*For explanatory journalism, the newspaper won for its definitive account of how Detroit emerged from its historic bankruptcy. Reporters were Daniel Howes, Chad Livengood, David Shepardson, Gary Heinlein, Christine Ferretti and Brian O'Connor.

*Detroit News business columnist Daniel Howes won for best commentary.

"Detroit's bankruptcy process was among the key urban and business stories in the U.S. last year and The News journalists put extraordinary work into making the developments accessible to our readers," said Jonathan Wolman, editor and publisher of The News.

"It was a challenge to capture the activities as they occurred, and another to highlight the remarkable efforts and sacrifices made by heroes throughout this community and the bankruptcy industry."

He offered congratulations to the key reporters — Daniel Howes, Chad Livengood, David Shepardson and Robert Snell —as well as key editors Kelley Root and Joanna Firestone —with contributions by so many others in the newsroom.

The awards for The Detroit News were in the division for smaller-circulation newspapers.

The Detroit Free Press took two awards in the division for larger-circulation newspapers — for personal finance reporting and for features reporting.

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