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.
Chrysler intends to continue using 92% of its suppliers with the new company that will emerge from bankruptcy proceedings and it intends to pay those suppliers for work done to this point for the old company out of debtor-in-possession funds provided by the government. Automotive News reports:
Chrysler LLC plans to transfer at least 92 percent of its supplier contracts to the new company to emerge from bankruptcy in an alliance with Fiat S.p.A. and pay them a total of more than $875 million, according to documents released today
Chrysler will start notifying 1,200 Tier 1 suppliers today of its intent to pay them 100 percent of what they are due for parts delivered before the company’s April 30 bankruptcy filing, a Chrysler spokesman said in an interview.
The biggest question in any bankruptcy is this: Which creditors will get paid? It’s very good news that Chrysler will be able to pay such a high percentage of its suppliers in full, which will help keep them alive and save jobs.
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