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Largest field in 2 decades seeks Detroit mayoral job, despite money woes and diminished power
Associated PressDETROIT (AP) — Detroit's next mayor will inherit a city low on cash and an office low on power, yet nearly two dozen candidates are seeking the job anyway. In announcing he won't seek a second term, Mayor Dave Bing slammed Michigan officials for...Tags: Rick Snyder, Politics, Finance, Economy, Business and Finance, Local Elections
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Ex-CEO: Hope for VPG
South Bend TribuneThough the former CEO of the Vehicle Production Group cannot confirm that AM General has any interest in VPG, he believes there are investors interested in the company. John Walsh, who is now the vice president of sales and marketing for Arboc Specialty...Tags: Ford, Middlebury, Economy, Business and Finance, Passenger Cars, Companies and Corporations
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Unions protest over potential sale of L.A. Times to Koch brothers
About 300 labor union members and other activists staged a demonstration to protest the potential sale of the Los Angeles Times to the politically conservative Koch brothers. Demonstrators marched outside the downtown L.A. headquarters of Oaktree...
Tags: Interior Policy, Economy, Business and Finance, AFL-CIO, Scott Walker, Newspapers
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Bankrupt Alabama county has deal on $105 million of bonds
ReutersBIRMINGHAM, Alabama (Reuters) - As Alabama's Jefferson County readies a workout proposal for its landmark $4.2 billion bankruptcy, officials on Tuesday announced an agreement with creditors JPMorgan Chase and Bayerische Landesbank covering $105 million of...Tags: Finance, Economy, Business and Finance, Financially Distressed Companies, Labor Legislation, Career and Workplace
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Unions protest over potential L.A. Times sale to Koch brothers
About 300 labor-union members and other activists staged a demonstration Tuesday to protest the potential sale of the Los Angeles Times to the billionaire politically conservative Koch brothers. Demonstrators marched outside the downtown L.A....
Tags: Interior Policy, Finance, Economy, Business and Finance, AFL-CIO, Newspapers
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PREVIEW-Clearwire investors aim to force Sprint to sweeten bid
Reuters* Clearwire shareholders to vote on Sprint buyout May 21 * Investors holding 31 pct of minority shares against deal * Sprint under pressure to raise bid By Sinead Carew NEW YORK, May 17 (Reuters) - Minority shareholders of Clearwire Corp are...Tags: Finance, Auction Service, Economy, Business and Finance, Financially Distressed Companies, Sprint Nextel Corporation
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Detroit Mayor Bing will not run for reelection in crisis-hit city
ReutersBy Steve Neavling DETROIT, May 14 (Reuters) - Detroit Mayor Dave Bing, who has lost most of his authority to an emergency manager appointed by the state, said on Tuesday that he will not seek reelection, and accused Michigan, the media and political...Tags: Politics, Financially Distressed Companies, Local Elections, Elections
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Officials plan wells to lower groundwater that rose after N. Indiana ethanol plant closed
SOUTH BEND, Ind. (AP) — Officials are working on plans to install wells near a closed South Bend ethanol plant in South Bend where the basements of numerous homes have flooded since it shut down. The wells are meant to lower the groundwater level...Tags: Biofuels, Renewable Energy, Environmental Issues, Ethanol
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BRIEF-ResCap bankruptcy examiner files report under seal
ReutersMay 13 (Reuters) - Ally Financial Inc : * Bankruptcy examiner's report for residential capital llc has been filed under seal -- lawyer for examiner -
ResCap examiners' report filed under seal
ReutersMay 13 (Reuters) - A report by a court-appointed independent examiner into dealings between Residential Capital LLC and the bankrupt lender's parent, Ally Financial Inc, has been filed under seal, a lawyer for the examiner said on Monday. The report is...Tags: Manhattan (New York City), Financially Distressed Companies
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Here is the latest Michigan news from The Associated Press
DETROIT (AP) — The nephew of a Saudi man arrested at Detroit Metropolitan Airport says the case is a misunderstanding. Nasser Almarzooq (NAH'sur ahl mar-ZOOK') tells the AP that the pressure cooker his uncle was bringing for him so he could make...Tags: Crime, Law and Justice, U.S. Department of Justice, Prisons, Sports, Punishment
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Report: Detroit is broke; could bankruptcy lie ahead?
DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their...
Tags: Interior Policy, Rick Snyder, Politics, Executive Branch, Finance
May 15, 2013
|Story| AP Broadcast
May 15, 2013
|Story| South Bend Tribune
May 15, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Reuters
May 14, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| Reuters
May 14, 2013
|Story| Reuters
May 14, 2013
|Story| AP Indiana
May 13, 2013
|Story| Reuters
May 13, 2013
|Story| Reuters
May 13, 2013
|Story| AP Michigan
May 13, 2013
|Story| Petoskey News
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