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.
Ford Motor Company’s stock rose 15 percent at midday trading Monday after the company announced a deal to cut $10 billion in debt from creditors. Ford is paying creditors $2.4 billion in cash and 468 million shares of stock to repurchase the debt, which will save the company $500 million in annual interest payments. News [...]
Ford (NYSE:F) is doubling its previous commitment of cash available to help retire loans and bonds in debt-equity swaps. Automotive News reports:
The recently completed negotiations between Ford and the UAW on changes to the existing labor contract should save the automaker $500 million a year, the company said during a conference call on Wednesday. Automotive News reports:
The UAW at a major Ford Motor Co. (NYSE:F) assembly plant has given overwhelming approval to contract changes negotiated by the union to help the automaker survive historical declines in auto sales. Automotive News reports:
With all of the job cuts among the Big Three, the American auto industry will soon be nearly half the size it was a mere six years ago. GM announced the latest cut on Feb. 10. GM said it will cut 10,000 white-collar jobs worldwide in 2009, including about 3,400 in the United States. In [...]
Alas, it appears that the news is not unrelentingly bleak for at least one of the Big Three automakers. Ford announced that they have made dramatic reductions in the amount they are spending on warranty work, which is both an important cost savings during difficult times and an indicator that the quality of their production [...]
The already bleak sales data for the Big Three automakers got significantly worse in January as all three American companies report enormous drops in sales compared to last year. Chrysler sales dropped 55% in January, while GM fell 49% and Ford fell 42%. The sales figures are now at their lowest level in 26 years, [...]
The four hundred jobs lost through the closure of Tower Automotive in Traverse City will cause the region to lose between $40 and $80 million dollars over the next year according to an economist interviewed in the Traverse City Business News.
Organized labor was under attack in Michigan with proposals aimed at busting unions and increased moves to privatize many services and send them to non-union employees at often lower wages and benefits. But the biggest news that had Michigan residents on edge was the contract negotiations between the Big 3 and the UAW. UAW and [...]
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