I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Ford Motor Company’s stock rose 15 percent at midday trading Monday after the company announced a deal to cut $10 billion in debt from creditors.
Ford is paying creditors $2.4 billion in cash and 468 million shares of stock to repurchase the debt, which will save the company $500 million in annual interest payments.
News of the debt breakthrough sent Ford stock surging to $3.74 at noon.
At the end of last year Ford had $25.8 billion in debt, $23.4 billion of which it borrowed in 2006 to restructure the company. Ford put up almost the entire company — from its headquarters to its blue oval logo — as collateral.
The deal struck with Ford’s creditors, mostly bondholders, may put greater pressure on General Motors to cut a deal with bondholders now that their non-bailout competitor has done the same.
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