Visteon warned it could be delisted from NYSE 5:50 p.m., Thu - Van Buren Township-based auto supplier Visteon Corp. will be removed from the New York Stock Exchange in about six months if its stock price doesn’t return to at least $1 per share.[FREE]
Ford Fund delays last payment of $4 million donation to UM 4:45 p.m., Thu - The philanthropic arm of cash-strapped Ford Motor Co. informed the University of Michigan this week it will postpone the last payment of a $4 million donation pledge for institutional programs in Ann Arbor and Dearborn, the university has confirmed.[FREE]
Dems are postponing crucial vote on auto bailout 2:42 p.m., Thu - Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.[FREE]
THIS JUST IN: Unemployment taxes will go up for some employers ALSO: Olson must pay costs for Bahamas deposition, BondDesk Group moves, 2 local contractors told to stop military vehicle work, EMU to begin work on new science complex, Survey: Chaldean-American young adults are staying[$]
Region braces for car crash; State, business get ready to cope Economic woes facing the Detroit 3 automakers have Southeast Michigan bracing itself for losses on many fronts — jobs, personal income, revenue for industry, from taxes and, perhaps, a sense of identity.[FREE]
Credit: 'Next year is a washout' Patrick O'Keefe, president and managing partner of the Bloomfield Hills-based turnaround and debt-restructuring firm of O'Keefe & Associates L.L.C., describes himself as an optimist.[FREE]
Ilitch casino gets exemption Marian Ilitch has won an exemption from the Michigan Gaming Board and now can use Ilitch-owned Olympia Entertainment to do bookings for the new theater at MotorCity Casino, despite a law prohibiting casinos from using vendors in which they have an ownership interest.[$]
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Nowhere to go but up? An overwhelming 96 percent of respondents in a new survey of 300 Crain's Detroit Business subscribers say they are dissatisfied with Michigan's economy, and 87 percent say the state's financial plight is their biggest obstacle to recruiting new talent from elsewhere.[FREE]
Competing rail plans likely to wind up on same track The parallel efforts — one public and one fiercely private — to bring light rail to Detroit's Woodward Avenue as the backbone of a regional mass transit system are expected to become a single plan in 2009.[FREE]
Stem cell research adds to optimism, growth of tech sector The state's biotech community is still euphoric in the wake of the passage of Proposal 2, which amended the state constitution to remove most restrictions against embryonic stem cell research.[FREE]
Outlook panel: Gloomy 2009, 'rays of hope' in 2010 The U.S. economy, state and local government, and the banking and auto industries were treated to short-term gloom-and-doom prognostication by speakers at Crain's Outlook 2009 Economic Forecast Wednesday at the Westin Book Cadillac in Detroit.[FREE]
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