Sheila Cockrel not running for re-election to Detroit City Council

Published May 7, 2009 at 1:42 p.m.
Detroit -- Councilwoman Sheila Cockrel announced today she will not run for re-election this year ...

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Bing ready to dive into Detroit finances after meeting with Cockrel

Published May 7, 2009 at 1:37 p.m.
Detroit -- After meeting for about 30 minutes with Mayor Kenneth Cockrel Jr. and Cockrel's chief of staff and his deputy mayor, Mayor-elect Dave Bing said he got the OK to meet with the city's top financial officials to start getting a firmer handle on the city's finances ...

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Energy Department plans to award $10B in auto retooling loans in '09

Published May 7, 2009 at 1:37 p.m.
Washington -- The Obama administration plans to award $10.1 billion in advanced technology retooling loans to the auto industry this year ...

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Marchionne to head Chrysler

Published May 7, 2009 at 12:38 p.m.
Fiat SpA Chief Executive Officer Sergio Marchionne plans to run Chrysler LLC after the Auburn Hills automaker emerges from bankruptcy, a company source confirmed ...

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GM posts $6 billion loss for first quarter

Published May 7, 2009 at 12:22 p.m.
General Motors Corp. posted a $6 billion net loss in the first quarter, and revenue plummeted 47 percent amid a global economic downturn and low sales that have helped push the automaker to the brink of bankruptcy. GM spent $10.2 billion more than it took in during the first quarter, a cash burn that was partially offset by $15.4 billion in federal loans that has kept the company afloat since December ...

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Saginaw's mayor: How about a countywide teen curfew during school?

Published May 7, 2009 at 12:20 p.m.
Saginaw Mayor Joyce J. Seals says too many suspended or expelled students wander the streets during the day and get into trouble. She wants Saginaw County leaders to explore a countywide daytime curfew and potentially require wayward pupils to ...

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Sheila Cockrel won't run again for Detroit City Council

Published May 7, 2009 at 10:33 a.m.
DETROIT -- Detroit City Councilwoman Sheila Cockrel doesn't plan to run for re-election this year. Cockrel has been on council for nearly 16 years. The Detroit News reports she says in a statement Thursday that she considered another bid for ...

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Flint mayoral race could become west side story

Published May 7, 2009 at 7:26 a.m.
FLINT, Michigan -- Dayne Walling vows to win black votes on the north side. Brenda Clack said she's going to campaign in Walling's white stronghold in the College Cultural district. But the campaign for Flint's next mayor may be ...

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General Motors posts $6 billion loss for first quarter

Published May 7, 2009 at 6:12 a.m.
GM saw its revenue drop by a staggering 47 percent ...

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Defiant bondholders make GM bankruptcy more likely

Published May 7, 2009 at 12:26 a.m.
A group of bondholders for GM, following the lead of a group of smaller banks and investment funds during the Chrysler negotiations, are refusing to go accept GM’s offers to restructure their debt for pennies on the dollar. Their defiance is making it more and more likely that GM will end up in bankruptcy as [ ... ] ...

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