Tag Archive | "contracts"

Forward Cartier Martin, center Aaron Gray sign free-agent contracts with Detroit Pistons

The Pistons are hoping Martin will help provide the type of outside shooting they’ve been lacking for several seasons while Gray will be a backup to Andre Drummond. Full News here – Ann Arbor mobile sports

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BAE, General Dynamics, Arotech among defense firms winning $185M in contracts

Chad Halcom – Recent military contracts and product orders could supply more than $ 185 million of new business to defense contractors with a Michigan connection over the next five years. Full News here – Crain’s Detroit Business – Latest Detroit News

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Detroit reaches deal with unions on 5-year labor contracts

Bloomberg and Associated Press – Detroit reached an agreement with a coalition of unions representing more than 3,500 city employees on new five-year labor contracts, according to federal mediators overseeing bankruptcy negotiations. Full News here – Crain’s Detroit Business – Latest Detroit News

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Detroit Sues to Cancel Some Costly Contracts

Detroit Sues to Cancel Some Costly Contracts In a stunning turnaround, Detroit is also seeking to cancel some costly long-term contracts that were part of the deal, leaving two large banks, Bank of America and UBS, empty-handed just weeks after offering to pay them $ 165 million to get out of them. Full News here […]

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Judge Rejects Detroit's Deal to Exit Swap Contracts

Judge Rejects Detroit's Deal to Exit Swap Contracts A federal bankruptcy judge ruled on Thursday that Detroit could not proceed with a plan to extricate itself from some costly long-term financial contracts by paying $ 165 million to two big banks. Judge Steven W. Rhodes said in his decision that Detroit … Full News here […]

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Matchmaking summit nets $10.4 million in new contracts

Dustin Walsh – A program to match Ford Motor Co. and its tier-one suppliers with Michigan-based suppliers generated $ 10.4 million in new contract wins for Michigan companies. Full News here – Crain’s Detroit Business – Latest Detroit News

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Detroit reaches new settlement in swaps contracts termination

Crain’s Detroit Business and Bloomberg – Detroit told a mediator in its record municipal bankruptcy that it reached a new settlement in its bid to terminate interest rate swap contracts with UBS AG and Bank of America Corp. Full News here – Crain’s Detroit Business – Latest Detroit News

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Troy student contracts MRSA infection, school says

A Troy high school student has contracted MRSA, school district officials said Monday. A freshman who attends Athens High School was diagnosed with the methicillin-resistant Staphylococcus aureus, a bacterial staph infection, according to an email sent to parents, students and staff. Full News here – Schools RSS from The Detroit News

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Latest Army contracts could mean $200 million in new biz for Michigan

Chad Halcom – Defense contractors could steer more than $ 200 million worth of new business to Michigan over the next 10 years out of a handful of awards from the U.S. Army in recent days — much of it to provide alternative energy and environmental services. Full News here – Crain’s Detroit Business – […]

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Flint & Genesee Chamber of Commerce hosting seminar to help businesses secure contracts with local government

The workshop is set to take place from 1:30-2:30 p.m. on Wednesday, Sept. 11. Full News here – Oakland Business

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Atlas Oil buys gas stations, fuel contracts from Hadi Group

Ross Benes – Taylor-based Atlas Oil Co. purchased 20 metro Detroit gas stations 50 retail fuel supply contracts from Ypsilanti-based Hadi Group Distributors Inc., an Atlas spokesman said. Full News here – Crain’s Detroit Business – Latest News

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Michigan House drops penalties for long pre-right-to-work labor contracts

Associated Press – The Republican-led Michigan House on Tuesday dropped plans to punish public universities, school districts and local governments that signed unusually long labor contracts before the state’s right-to-work law took effect. The decision by House Republicans was especially good news for the University of Michigan and Wayne State University, which were facing the […]

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Unions end boycott of Journal Register-owned newspapers after ratifying new labor contracts

Unions have ended their circulation and advertising boycott of several Journal Register-owned newspapers in southeast Michigan following the weekend ratification of new labor contracts. Full News here – freep

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Lengthy labor contracts may cost counties funding

Associated Press – Legislation passed Tuesday by a Republican-controlled House panel could put some state funding at risk for local governments that sign long labor contracts before Michigan’s right-to-work law takes effect. The bill would tie some incentive funding for counties, cities, villages and townships to requirements that union contracts renewed or extended before Thursday […]

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DPS, Utica schools get teacher contracts ahead of right-to-work law

With Michigan's right-to-work law about to take effect, unions from the state's two largest school districts have reached collective bargaining agreements that will ensure union dues are paid for the next several years. Full News here – Schools RSS from The Detroit News

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