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.
White House Spokesman Robert Gibbs said on Thursday that the Obama administration still expects to recoup $36.1 billion it invested in General Motors and Chrysler to get them through their managed bankruptcies last year — but likely not the $13.4 billion that was given to those companies without strings attached in the waning days of [...]
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 [...]
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.
Mitt Romney, former governor of Massachusetts and son of former Michigan Governor (and president of American Motors) George Romney, continues to flip all over the place trying to find a coherent position on the auto industry meltdown, what Obama did to stop and what he would have done if he had been elected president. During [...]
General Motors has reached a settlement with former CEO Rick Wagoner, who was forced out by the Obama administration’s auto taskforce this spring. Previously due over $20 million for his retirement, Wagoner will now get $8.2 million and a yearly pension of $74,000, the Detroit News reports.
In a rather strange development in the ongoing GM bankruptcy case, the old GM has been given permission by the judge to purchase assets from also-bankrupt Delphi, which will then likely be transferred to the new GM after their partner in the deal completes the purchase of the rest of Delphi. Automotive News explains the [...]
The Detroit Free Press reports that as General Motors gets ready to launch, likely later today, as the New GM, it is preparing a buyout offer to formally send former CEO Rick Wagoner packing.
The judge in the GM bankruptcy case, Robert Gerber, has rejected requests for expedited appeals by groups opposed to the current plan to sell the good assets of the automaker to a newly restructured GM. The Detroit News reports:
The judge in the GM bankruptcy gave approval for the sale of the company’s good assets to a newly restructured company late Sunday night, but he also stayed his order for four days to allow for appeals of the order from parties objecting to the sale. Several appeals have already been filed with the district [...]
The judge in GM’s bankruptcy case ruled late Sunday night that the sale of the company’s valuable assets to a new GM can go forward. The Associated Press reports:
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