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.
Consumer Reports, seeking to help the Big Three automakers recover from the current downturn, has moved up the publication of its usual annual recommendations of the best new cars from April to February. Ford dominates the list of recommended vehicles, but GM garnered some praise as well:
More bad news for auto sales as the automakers release their sales figures for December and compare them to sales from the previous year. Ford was the first to release their data and the numbers show a sharp decline.
Ford is in negotiations to sell its Volvo subsidiary to a Chinese company to improve their cash position in the current downturn in sales. Automotive News reports:
As part of the restructuring plans presented to Congress, Ford and General Motors are both planning significant cuts in new car production due to lower sales projections. Automotive News reports:
Ford was the first of the three American automakers to submit their restructuring plan (PDF) to Congress. Because they are in a much stronger cash position than either Chrysler or GM, they are asking for a $9 billion line of credit for future use rather than an immediate infusion of cash:
Automotive News reports that Ford is considering selling off Volvo, the Swedish automaker that the company has owned since 1999. In a press release, Ford said:
The Ford family’s fortune, much of it tied up in stock in their own company, has taken an enormous hit over the last few years. The Washington Post reports that the losses for the family due to the plummeting value of Ford stock are staggering:
Ford Motor Co. is holding a conference now to discuss its third-quarter 2008 financial report. Released pre-market open, Ford announced that it experienced a larger-than-expected loss of $1.31 per share for the quarter, and that it will be cutting 10 percent of its North American workforce. Analysts had expected a loss of $0.94 a share, as [...]
Friday’s going to be a big and bleak day here in Michigan. General Motors Corp. (NYSE:GM) completed its third-quarter earnings report earlier this week; it also said it would make an announcement Friday regarding its operations.
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