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Energy Conversion Devices Inc. (OTC: ENERQ.PK) and its wholly-owned subsidiary United Solar Ovonic LLC last week announced that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed its Second Amended Joint Plan of Liquidation.
John L. Smith always believed real estate development was the safest investment of all, saying "you may not make money, but you won't lose money."
A bank is extending a deadline on a bond transaction that will let the city of Detroit get most of June's revenue sharing payment from the state.
The Detroit News and Detroit Free Press report Monday that Ayanna Kilpatrick claims to owe $345,000 and have monthly expenses of over $3,900.
The sale of United Solar as a going concern won't happen. Its parent company, Energy Conversion Devices, Monday announced that the assets related to the United Solar Ovonic LLC thin, flexible solar panel business will be sold at auction June 26.
It still owes the government just under $12 billion from a $17.2 billion dollar loan it got during the financial meltdown of 2008 and '09.
Hostess Brands Inc. has told Michigan officials that it could lay off all of its 381 employees at 20 locations in the state if the company liquidates as part of its bankruptcy restructuring.
"Detroit ... couldn't survive without a manger," Patterson told attendees at an Chamber of Commerce breakfast at Oakland University on Wednesday.
Citing high debt and legacy costs, Energy Conversion Devices Inc. and its solar panel manufacturing subsidiary United Solar Ovonic LLC filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Eastern District of Michigan.
A Farmington Hills-based company that leads the nation in so-called medi-spa services and has more than 100 locations across the nation has filed for bankruptcy protection.
Creditors have their hands out as the Borders Group Inc. filed for bankruptcy and now, the line is getting longer.
The Wall Street Journal is reporting that the private equity firm that tentatively agreed to purchase bankrupt Ann Arbor-based Borders Group is having second thoughts.
Gov. Rick Snyder tells reporters in Lansing that he is not going to let Detroit or any other Michigan city fall into bankruptcy.
Pontiac's Emergency Manager has written a letter to Executive Brooks Patterson asking for a meeting to discuss the possibilities of merging the city with the county.
Marchionne was reminded of a 2008 op-ed column in which Romney urged the federal government to force automakers into a "managed bankruptcy."
Now that the emergency financial manager bill has passed, how many schools should expect to have the new law applied to their districts?
Borders gets approval from a federal bankruptcy judge to close another 28 stores around the country.
A federal judge is expected to finalize a plan that will lead to the end of what is being called the "old" General Motors
It was a packed house inside the borders book store in Dearborn for the company's liquidation sale.
Liquidation sales get underway Saturday morning at more than 200 Borders bookstores around the country.
A group of car dealers who lost their businesses in Chrysler's 2009 bankruptcy have sued the government, claiming their dealerships were shuttered without adequate compensation.
It's been long rumored, and now it's been confirmed: Borders is ready to start the bankruptcy process.
There's yet another report that Ann Arbor-based bookseller Borders Group will declare bankruptcy.
General Motors may add dealers in big metro areas on the U.S. coasts because it expects sales there to grow.
Bankruptcy is definitely in the future for Ann Arbor based Borders Group, the nation's second largest bookstore chain.
Multiple rounds of winter weather were expected to hit Southeast Michigan on Tuesday and again on Wednesday. With the wintry mix comes school closures.
Parents are frustrated after learning that a Hartland Consolidated Schools teacher shared a photo with her colleagues of students in turkey costumes with the message, "Which one should we pick off first?"
The city already has five data centers. Unlike proposed data centers in Howell and Saline Township that have sparked protests, the new Southfield data center would be a lot smaller. That's why Mayor Ken Siver says he supports the plan.
Two men who were accused of posing as utility workers and killing a Southeast Michigan man last year have been sentenced.
Police and bystanders pulled a seriously injured woman away from a vehicle that was on fire after a traffic crash Monday evening.
Two men who were accused of posing as utility workers and killing a Southeast Michigan man last year have been sentenced to life in prison.
This week is an active one for Southeast Michigan weather with multiple rounds of snow and even rain on the way.
A Michigan Court of Claims decision leaves in place a wholesale tax on cannabis starting Jan. 1.
Multiple rounds of winter weather were expected to hit Southeast Michigan on Tuesday and again on Wednesday, and with the wintry mix comes school closures.
A man whom the FBI suspected of being a member of the MS-13 gang was taken into custody after a traffic stop in Michigan, police say.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
Yanfeng will close its Romulus production facility, located at 9800 Inkster Road.
In Metro Detroit, drivers are paying about $3.06 per gallon, which is 1 cent more than last week but 3 cents less than at the same time a year ago.
Most of the intersections and roundabouts that made the 2024 list are in Southeast Michigan.
Avancez said a change in customer orders will result in layoffs during December at its Hazel Park location.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
John Gibson made 39 saves for his first NHL shutout in nearly three years, and the Detroit Red Wings beat the Vancouver Canucks 4-0.
According to the FBI, domestic homicides more than doubled between 2019 and 2024, increasing from 1,065 to 2,339. The latest data has experts worried.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
Many people living with MS are limited from taking nature walks shown to improve mental health, so Hala Darwish is bringing Mother Nature to them.
Legionella bacteria were found through water testing in the building late Thursday after an employee was diagnosed with Legionnaires' disease.
The new guidelines are effective at all DMC locations, including the Children's Hospital of Michigan.
The sheriff's office says closure for Building 38E is effective Friday through the weekend.
Women who have a doula are 47% less likely to have a cesarean delivery and a 29% lower chance of having a preterm delivery, according to a study published in the National Library of Medicine.
John Gibson made 39 saves for his first NHL shutout in nearly three years, and the Detroit Red Wings beat the Vancouver Canucks 4-0.
The parent of a Monroe, Michigan, student-athlete has filed a Title IX complaint over a transgender student from another school competing in a girls' volleyball game and tournament.
Pistons guard Cade Cunningham spent his Sunday giving back to the Detroit community.
No. 18 Michigan will meet No. 13 Texas in the Citrus Bowl in Orlando, Florida, on Dec. 31, the bowl game's organizers announced Sunday.
Cade Cunningham had 23 points and 12 assists and the Detroit Pistons beat Milwaukee 124-112 on Saturday night to end the Bucks' 15-game winning streak in Detroit.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Hundreds of thousands will line up along Woodward Avenue for America's Thanksgiving Parade in Detroit.
This week's roundtable discusses the economic outlook as the critical fourth quarter of 2025 plays out.
Detroit City Council President Mary Sheffield was overwhelmingly elected as mayor.
Five-thousand boxes of food were prepared and packed on Tuesday for families in need across Oakland, Macomb and Wayne counties.
More snow returns tonight with some light rain in the morning.
Two men who were accused of posing as utility workers and killing a Southeast Michigan man last year have been sentenced.
Parents are frustrated after learning that a Hartland Consolidated Schools preschool teacher shared a photo with her colleagues of students in turkey costumes and a hunter projected on the whiteboard with the message, "Which one should we pick off first?"
Police in Ann Arbor, Michigan, are continuing their investigation into the fatal shooting of a 17-year-old girl at an Ann Arbor apartment. Police say the suspect and victim knew each other.