Tag Archive | "control"

Will Flint be next? City still stuck with state oversight as Detroit gets back local control

It took Detroit 20 months to emerge from state receivership, a long wait to be without local control, but a walk in the park compared to Flint’s journey. Full News here – Detroit News

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Visteon confirms discussions to sell stake in climate control joint venture

Visteon confirms discussions to sell stake in climate control joint venture

Dustin Walsh – Visteon Corp. confirmed this morning that it’s engaged in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp. Media reports in South Korea on Monday said Visteon and Hahn & Co. had signed a preliminary agreement. Visteon plans to sell its […]

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3 hurt after driver loses control, hits porch

Three young men are injured after the driver of a car lost control and took out the front porch of a home before finally stopping.  Full News here – Detroit | WXYZ

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Lapeer Animal Control chief resigns for new job, says deadly dog mauling not a factor

Nearly two months after testifying against a Metamora Township couple in preliminary examination for a couple charged with second degree murder in deadly dog mauling, Lapeer County Animal Control Chief Carla Frantz is resigning, although she says it has nothing to do with the case. Full News here – Detroit News

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Blight developer drops out, says Detroit wanted control

Blight developer drops out, says Detroit wanted control Detroit — The city of Detroit likely will gain control of more than 6,000 mostly dilapidated properties, after private developers pulled out of deal to buy them. One of the businessmen, John Page, said the deal collapsed because it became clear … Full News here – Read […]

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DPS board votes to end emergency manager control

On Monday night, Detroit’s Renaissance High School auditorium board members met, and unanimously decided that Emergency Manager Jack Martin must go.  Full News here – Detroit | WXYZ

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Detroit officials regaining most city control

Detroit officials regaining most city control In this July 16, 2013 aerial file photo, the downtown of the city of Detroit is shown. Detroit Emergency Manager Kevyn Orr raised more than a few eyebrows a year ago when he took the city into bankruptcy and predicted it would be out by the time his … […]

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Detroit officials regaining most city control; Orr to stay on through bankruptcy

Detroit officials regaining most city control; Orr to stay on through bankruptcy

Corey Williams Associated Press – The Detroit City Council on Thursday night unanimously approved a plan to transfer daily operations to elected officials while retaining the state-appointed emergency manager to oversee bankruptcy matters until they are resolved. Bill Nowling, spokesman for Emergency Manager Kevyn Orr, said the exit becomes effective when the restructuring plan is […]

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Crain’s week in news, Aug. 23-29: Hong Kong firm acquires control of airbag maker; Henry Ford Health System names VP

Crain’s staff – Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in Sterling Heights-based automotive airbag maker Key Safety Systems Inc. The deal could be worth as much as $ 800 million; existing owners New York hedge fund Crestview Partners LP and some KSS management will retain shares […]

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Verlander in control as Tigers tame White Sox

Justin Verlander turned in one of his most effective outings this year and once again beat the White Sox, leading the Tigers past Chicago 7-1 Friday night. Full News here – Sports | WXYZ

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Week on the Web: Aug. 23-29: Hong Kong firm acquires control of airbag maker; Henry Ford Health System names VP

Crain’s staff – Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in Sterling Heights-based automotive airbag maker Key Safety Systems Inc. The deal could be worth as much as $ 800 million; existing owners New York hedge fund Crestview Partners LP and some KSS management will retain shares […]

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6 months into state control, how has Detroit’s Belle Isle Park changed?

Sunday marks six months to the day since the Michigan Department of Natural Resources took over control of Detroit’s Belle Isle Park in one of the state’s more controversial moves of recent years. Full News here – freep

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Lincoln Park becomes latest Michigan city under state control

Michigan Gov. Rick Snyder appointed an emergency manager for Lincoln Park, a Detroit suburb that’s struggled with deficits and rejected an agreement to bring its finances under control. Full News here – Metro/State News RSS from The Detroit News

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Zingerman’s owner says new model gives employees ‘ownership and control’ over businesses

“(The new business model) will let the employee participate financially in ownership and it’s going to let them participate in the decision-making at the community level,” Zingerman’s owner Paul Saginaw said. Full News here – Oakland Business

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Sources: Sterling giving control of Clippers to wife, who plans to sell

Shelly Sterling is working to resolve the dispute amicably and has been in talks with her attorney and NBA lawyers for the last couple weeks. She wants to ‘have meaningful control’ over the transaction. ‘She has no plans to sue the NBA,’ a source said. ‘She’s trying to make nice.’ Full News here – Detroit […]

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