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 announced its 1st quarter losses on Thursday and the numbers were a bit better than expected. The company had a net loss of $1.4 billion but burned through $3.7 billion in cash reserves. But that news isn’t as bad as it sounds under the circumstances. Automotive News reports:
Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion. Ford finished the quarter with cash reserves of $21.3 billion, up from $13.4 billion at the end of 2008. The company drew down a $10.1 billion line of credit in the first quarter…
The loss was lower than analysts’ projections, triggering a 16.7 percent rise in Ford shares to $5.25 at 9:45 a.m. in New York Stock Exchange trading.
The company also said it expected the cash burn in the 1st quarter to be higher than it will be the rest of the year. Ford is the only one of the Big Three automakers not to need federal emergency loans to stay afloat so far and they say they should have enough cash on hand to survive 2009.
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