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.
Yet another proposed sale of one of GM’s subsidiaries has fallen through. The attempted sale of the Hummer brand to Sichuan Tengzhong Heavy Industrial Machines has been scrapped because the company could not get the approval of the Chinese government, the Detroit Free Press reports.
In the latest roadblock thrown in the way of GM’s shedding of its niche brands, Swedish automaker Koenigsegg Group AB withdrew from a deal struck last year to purchase Saab from America’s largest car company. The Detroit News reports:
GM’s deal with a Chinese industrial firm to buy their Hummer brand may be in jeopardy because there are signs that the Chinese government may reject the sale. Automotive News reports:
General Motors is apparently close to a deal to sell its Saab brand to a Scandinavian auto company. Automotive News reports:
General Motors announced this morning that they have found a buyer for their Hummer brand, one of several niche brands that the automaker is looking to sell off, that they believe can close the deal and remove the brand from their portfolio. AP reports:
Automotive News reports that closing down or selling off Saturn, as GM will do at the end of this year, could have a significant effect on GM’s ability to meet government fuel efficiency standards and reduce its sales of environmentally-friendly products:
Outlook for Michigan’s largest publicly-traded companies continues to be rocky as we start the business week. While petroleum continues to trend downward, the impact of a year of sky-rocketing fuel costs has taken its toll on stock prices and underlying business performance.
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