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.
The primary phase of the GM bankruptcy proceeding has ended. Attorneys for the automaker and a myriad of creditors and affected parties wrapped up their closing arguments today with the creditors telling the judge to slow down the process and resolve all the potential problems first and the automaker arguing that the sale must be [...]
A member of Obama’s auto taskforce testified in U.S. Bankruptcy Court on Wednesday and had a couple of very interesting things to say. The first was that if the sale of GM’s valuable assets to a new GM is completed, the new company could go public with a stock offer as early as next year:
General Motors CEO Fritz Henderson told the bankruptcy court yesterday that the company must have the sale of its valuable assets to a newly restructured GM by June 10 or they will be forced to liquidate those assets and the company will cease to exist, the Detroit News reported:
In filings with the U.S. Bankruptcy Court, the Obama administration’s auto task force urged the judge in the case to approve the sale of GM’s assets to a newly restructured GM and get the company up and running as quickly as possible. Automotive News reports:
General Motors has changed a key provision in its bankruptcy plans, accepting greater liability for future vehicles, in order to clear away objections to the plan and speed up the court’s approval. Automotive News reports:
The bankruptcy judge handling the GM case has granted final approval for the company to borrow some $33 billion from the American and Canadian governments to help the company survive bankruptcy restructuring.
On top of the tens of thousands of autoworkers losing their jobs in the bankruptcy restructuring and the 2,000 white collar workers already laid off, GM announced that it will be shedding another 4,000 white collar jobs over the next few months. Associated Press reports:
A small group of GM bondholders are objecting to the company’s bankruptcy plan and have filed papers in court to prevent that plan from being pursued. Automotive News reports:
The Detroit Free Press reports that the initial stages of General Motors’ bankruptcy restructuring are actually moving faster than expected and the company may emerge from Chapter 11 proceedings sooner than originally predicted.
The Voluntary Employee Beneficiary Association, the UAW-run healthcare trust fund that will have a 17.5% stake in the new General Motors when it emerges from bankruptcy, has chosen its allotted member of the new board of directors: former GM adviser Stephen Girsky. Girsky was an adviser to GM in their search for a buyer for [...]
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