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.
Crain’s Detroit Business cites AP sources saying that the negotiations between Chrysler and Fiat are completed and that Fiat will sign the partnership deal tomorrow:
Three people briefed on the deal say Italian automaker Fiat Group SpA will sign paperwork by Thursday to become a partner with Chrysler L.L.C.
The partnership is the last piece of a huge restructuring plan needed to keep Chrysler alive. The U.S. government has lent Chrysler $4 billion and gave it until Thursday to get concessions from unions, reduce debt and take on a partner or face liquidation.
This does not necessarily mean that the automaker has avoided bankruptcy. The UAW is expected to ratify concessions agreed to over the last few weeks, and the major lenders have agreed to debt-equity swaps to reduce the company’s debt load, but a group of about 45 smaller lenders still have to agree to similar swaps. If they don’t, the company could still go into bankruptcy, but it would likely emerge from restructuring fairly quickly and without major liquidation.
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