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.
After the Supreme Court lifted their stay on the proceedings in the US Bankruptcy Court, Chrysler and Fiat moved swiftly to close their partnership and transfer most of the assets from the old Chrysler to the new Chrysler Group LLC. The new company immediately named key management positions for the new company. Reuters reports:
Fiat SpA closed its acquisition of Chrysler’s strongest assets on Wednesday, a key step in the Italian carmaker’s ambitious plan to create a global player to ride out the worldwide auto sales downturn…
Fiat Chief Executive Sergio Marchionne became CEO of the new Chrysler Group LLC on Wednesday. The automaker’s former CEO, Bob Nardelli, will return to Cerberus Capital, the former majority owner of Chrysler, as an adviser.
Chrysler’s former vice chairman and president, Jim Press, has been named Marchionne’s deputy chief executive, and Fiat’s chief financial officer, Richard Palmer, has been named CFO of the new company.
The new company should restart their factories soon but no timetable has been given for that. The completion of this sale in less than 6 weeks after the declaration of bankruptcy bodes well for GM being able to do the same thing, though it will likely take a bit longer. GM is going to follow essentially the same bankruptcy plan that Chrysler did.
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