facebook-icotwitter-icogoogle-icorss-ico
connectsubscribearchives
Log in

Chrysler Files For IPO

Chrysler.jpg.jpg

Chrysler Group filed for an initial public offering on Monday, potentially setting the stage for the automaker's return to the public market.
The shares being sold in the proposed offering come from the stake of a trust established to cover medical benefits for retired workers that now owns 41.5% of the company.

The trust was set up in 2007 as a way

...
  • Written by The Michigan Chronicle
  • Category: Detroit

ACLU Petitions For Farmington Hills Teen To Be Allowed Back To Class

ACLUKyle.jpg.jpg

FARMINGTON HILLS, Mich. (WJBK)-
Kyle Thompson appears to be a typical 14-year old boy, but there's something about his life right now that's a little different. He's not going to school because he was kicked out.

The story begins last March at Harrison High School in Farmington Hills and ends with the American Civil Liberties Union (ACLU)

...
  • Written by The Michigan Chronicle
  • Category: Detroit

Detroit’s Casino-Tax Dollars Become Big Issue in Bankruptcy Case

DetroitTrain.jpg.jpg

Detroit had a bit of rare good fortune as it hurtled toward bankruptcy last summer — a couple of banks were willing to let it out of some expensive financial contracts, called interest-rate swaps, without paying in full the usual steep termination fees.

But since then, an insurance company has been seeking to block the deal, lining up allies among

...
  • Written by The Michigan Chronicle
  • Category: Detroit

Wonder Bread Returns To Shelves

Wonderbread.jpg.jpg

The wait is over.
Wonder Bread is back.
The iconic bread brand returned to store shelves Monday, said Flowers Foods (FLO), the company that snatched it up earlier this year along with most of the other breads from the now-defunct Hostess for $360 million.

Flowers said Wonder and other former Hostess brands like Merita and Home Pride would be

...
  • Written by The Michigan Chronicle
  • Category: Detroit