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.
Flush with cash in the wake of a massively successful Initial Public Offering, General Motors made a $4 billion payment into its underfunded pension plan on Thursday. The Detroit News reports that they also plan to put two million shares of stock into the pension plan as well. As of 2009, GM’s pension plan was [...]
All three big domestic automakers had strong November sales as the total domestic auto sales was up 17 percent over last year. Ford was up 20 percent, Chrysler was up 17 percent and General Motors was up 12 percent. Toyota was the only major carmaker to see sales go down, by 3 percent. Total domestic [...]
The good news continues for Michigan’s auto industry as General Motors and Chrysler announced that they will each add a thousand new engineering and research jobs as they seek to modernize their fleets. The General Motors additions will work on high-tech electric cars like the Chevy Volt. Chrysler’s hires will be working on updating the [...]
A new study by the Center for Automotive Research in Ann Arbor concludes that the bailout of General Motors and Chrysler in 2009, with $85 billion in taxpayer money going to the two companies to help them survive the restructuring process of managed bankruptcies, saved 1.4 million jobs. The Detroit News reports:
More good news for General Motors and for the Obama administration as the newly restructured company prepares for an Initial Public Offering of stock to the public. The automaker turned a $2 billion profit in the third quarter of 2010, the third consecutive quarterly profit for a company that was in bankruptcy only 18 months [...]
In preparation for its Nov. 18 Initial Public Offering of stock, the newly restructured General Motors plans to triple the total number of shares in the company and sell off about one-third of them. The other major shareholders — the U.S. and Canadian governments and the UAW’s VEBA healthcare fund — will also be selling [...]
In anticipation of going public for the first time in November, the newly restructured General Motors announced on Thursday that it will buy back more than $2 billion of preferred stock used as collateral for the federal government’s loans to help the company survive bankruptcy, and make more than $9 billion in payments to employee [...]
General Motors announced Thursday morning that it will invest $190 million into a Lansing car assembly plant. That investment, the company says, will lead to the creation of 600 new jobs building the new Cadillac ATS at the Grand River Plant. The Lansing State Journal reports the deal with GM and economic development officials was [...]
The United States has reached an agreement with the Motors Liquidation Co — the part of General Motors that split off during bankruptcy and holds the company’s unwanted assets — to establish a trust to clean up 89 sites (many of which contain hazardous materials) that were abandoned when the auto company declared bankruptcy.
General Motors will launch its Initial Public Offering of stock on November 18, the Detroit News reports. No one from the company is allowed to speak publicly about the IPO at the moment as the SEC goes through the approval process, but a stock market analysis firm leaked this information to the press.
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