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.
It’s been a good week for Chrysler. The United Auto Workers ratified the new collective bargaining agreement with nearly 55 percent of the vote and the company also announced a third quarter profit of more than $200 million.
Despite mixed results in the early voting, it appears likely that the United Auto Workers will ratify a new contract with Chrysler in the next few days.
Weeks after United Auto Workers members approved a new deal with General Motors, the union’s Ford workers ratified a new collective bargaining agreement with the only major American automaker not to go through bankruptcy in 2009.
The U.S. Treasury Department announced on Thursday that Chrysler had paid off the last remaining government investment in the company, much sooner than anyone expected them to do so.
It’s official. Chrysler has paid off some $7 billion that it was loaned by the federal government in 2009 in order to keep the company afloat while it went through a managed bankruptcy and restructured.
With the announcement that General Motors will add 4,000 new jobs around the country, the total number of workers for the Big Three automakers is now approaching the levels from before the industry crash and resulting bankruptcies for GM and Chrysler.
The Big Three American automakers all showed significant increases in sales over the same month in 2010, with General Motors leading the way at 29 percent, Chrysler at 23 percent and Ford at 12 percent.
Assuming market conditions remain favorable and a bond sale goes well, the new Chrysler — less than two years removed from bankruptcy — says it will have the federal government paid back for loans it made to keep the company afloat by the time August rolls around.
Chrysler was the first of the two American automakers to initiate a managed bankruptcy in 2009, but General Motors was the one that went public first. Now comes word that Chrysler’s Initial Public Offering of stock may not happen this year as expected.
Domestic auto sales in February were up 27 percent over the same month a year ago, led by a staggering 46 percent increase for General Motors. Ford posted gains of 10 percent while Chrysler jumped 13 percent. The annualized sales were 13.4 million vehicles, far surpassing analysts’ expectations.
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