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.
Just one day before a newly restructured General Motors will file the paperwork for its first stock offering to the public since emerging from bankruptcy, CEO Ed Whitacre unexpectedly stepped down and handed the reins to Daniel Akerson, a member of the board of directors.
Automotive News reports that with the upcoming IPO, the board of directors had asked Whitacre to either commit to staying in the job for several more years or resign and hand it over to someone who could do so.
That is probably a good move on GM’s part. With the company going public, it’s important to have stable leadership to reassure creditors and investors that the company will continue on its path to consistent profitability. Akerson has already pledged to continue with the same plans the company has set for the future, which should be good news for the markets once the company goes public.
Akerson will become CEO on September 1. Whitacre will continue as chairman of the board of directors through the end of the year, then Akerson will assume that job as well.
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