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.
General Motors released a financial report on Wednesday that encompassed the last five and a half months of 2009, from the point at which it emerged from bankruptcy — July 10 — to the end of the year. That report showed a total loss of $4.3 billion for the nation’s largest automaker. The Detroit News reports:
GM had $36.2 billion in cash on hand at the end of last year. GM revalued its physical assets, valuing them at $19 billion — an $18 billion reduction over what they worth before GM’s bankruptcy filing.
The $4.3 billion net loss included a $2.6 billion pre-tax settlement loss related to the United Auto Workers retiree medical plan and a $1.3 billion foreign currency re-measurement loss, GM said today.
This report is the first step in a process that will result in GM making an initial public offering of stock to the public, which the company still hopes to do before the end of 2010. The company also remains optimistic that it can turn a small profit by the end of this year.
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