Tagged: detroit news

4:09 pm
Mon May 6, 2013

Auto companies fall on Fortune 500 list, SW Michigan companies move up

Lead in text: 
GM is now in seventh place instead of fifth. Ford Motor company was also moved down in rank on the Fortune 500 to tenth place. But Kellogg moved up 13 spots to number 192, and Stryker bumped up from 308 to 305.
Washington - Wal-Mart Stores Inc. retook top spot on the Fortune 500 rankings of largest U.S. companies from Exxon Mobil as two U.S. automakers fell. General Motors Co. slid from fifth to seventh. GM fell behind Warren Buffett's Berkshire Hathaway, which rose from seventh to fifth, and Apple Inc., which rose from 17th to sixth as its revenue jumped by 45 percent in 2012.
4:07 pm
Tue March 19, 2013

Road budget doesn't increase, to Snyder's dismay

Lead in text: 
A Michigan House committee passed the state transportation budget without the extra $1.2 billion Governor Rick Snyder has been pushing for to make road repairs and improvements.
Lansing - A House committee on Tuesday passed a $3.4 billion transportation budget that is $1.2 billion less than Gov. Rick Snyder wanted to fix the state's roadways. The House Appropriations transportation subcommittee's bill does not include the $1.2 billion in new revenue Snyder is seeking because the Legislature has so far been unable to agree on whose tax bills should increase to pay for road repairs.
3:21 pm
Tue March 5, 2013

Detroit plans appeal against emergency financial manager

Lead in text: 
The city of Detroit is preparing its appeal to prevent an emergency financial manager from running the city. Governor Rick Snyder announced on Friday that the city is in a state of financial emergency, and that he plans to appoint an emergency financial manager to solve the city’s problems.
Detroit - Residents and others from communities under emergency management turned up at Tuesday's City Council meeting, urging leaders to wage a legal battle against a state takeover. "This is a dark time for us," said Detroit resident Lillian Scott Jr. "It's time for you all to stand together and take this to court.