Rick SNYDER“The underlying key to success...is to change our culture.”
Barack OBAMA“The nation that invented the automobile cannot walk away from it - we need Michigan...”
Texas Instruments (NYSE: TXN) recently raised its quarterly projections — for the third time. It pointed to increased orders in the industrial sector as a driver of its strong business. Its book-to-bill ratio has recently been above 1.0, meaning that it’s getting orders faster than it can fill and bill for them.
FIREWORKS AND PETS: People for the Ethical Treatment of Animals warns pet owners to prepare for fireworks over the holiday weekend. “Animals will jump through windows and over fences to escape the noise of fireworks, and it’s very common for them to get spooked by all the commotion,” PETA spokeswoman Ashley Gonzalez said. The group encourages pet owners to keep their animals indoors during fireworks displays, with windows and curtains shut and a radio or TV on to drown out the noise.
Detroit Public Schools Emergency Financial Manager Robert Bobb’s $1 billion budget for 2011 that includes increasing class sizes and closing special education classrooms on Wednesday night sparked outrage from local activists and the teachers union president.
The state-appointed financial manager is making plans to transform the Detroit Public Schools into a smaller system as the district faces a growing deficit that is projected to top $363 million, officials announced tonight.
Michigan’s public schools would avoid further cuts in state aid and might even get a small increase under a budget proposal developing at the state Capitol.
MINNEAPOLIS – A federal judge has granted conditional class certification to a lawsuit alleging Domino’s Pizza under-reimbursed its delivery drivers for automobile expenses, causing them to receive less than minimum wage.
UAW-represented workers at General Motors’s Nexteer steering plant in Saginaw approved a new contract Tuesday that requires them to give back raises in return for a cash payment and also includes a cash buy-down for skilled-trades workers to lower their wages.
LANSING – Michigan Gov. Jennifer Granholm has ordered U.S. flags statewide lowered Friday in honor of Marine Cpl. Daane A. DeBoer, who was killed in Afghanistan.
A federal judge has suspended $1,000-a-day fines against Detroit after the city submitted a plan to clear a backlog of complaints against police.
Robert Bobb, the district’s emergency financial manager, sent a termination letter to Superintendent Teresa Gueyser.