Benton Harbor News
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Michigan’s Wayne County, home of Detroit, had its credit rating cut to two steps above junk by Standard & Poor’s because of declining property values and a negative general-fund balance.
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Consumer sentiment last week held close to a five-year high as Americans gained confidence their financial situation was mending, a sign the biggest part of the economy will keep expanding.
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When emergency manager Kevyn Orr arrives in near-bankrupt Detroit, almost half of Michigan’s black population will live under the rule of state overseers with little say in the governments nearest them.
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There are all sorts of new things in the aisles for small kitchen appliances these days, such as men.
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Michigan’s resurgent economy has it poised for the best credit rating in eight years and is pushing borrowing costs to a record low, showing investors are distinguishing the state’s finances from those of its biggest city.
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Michigan’s new emergency-manager law is unconstitutional because it allows unelected officials to rule by decree over municipal governments and school boards, according to a lawsuit seeking to overturn the statute.
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Whirlpool Corp. will get a new hearing in its bid to stop a class action lawsuit over moldy washing machines as the U.S. Supreme Court told a lower court to revisit the case.
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Michigan Governor Rick Snyder plans to put a state manager in charge of ending Detroit’s fiscal crisis, stripping power from officials of a withered city that in 1940 was the nation’s fourth biggest and a seat of industry.
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Investors in Michigan bonds are already feeling the effect of voters' rejection of a law permitting state takeovers of ailing municipalities.
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Whirlpool Corp., the world’s largest appliance maker, and LG Electronics Inc. agreed to settle patent-infringement cases over refrigerator icemakers for an undisclosed amount.
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