General Motors reports a second quarter profit of $1.3 billion in the second quarter. That is a positive reflection of its improving position as it prepares to sell stock to the public. The results were strong enough that CEO Ed Whitacre announced he will step down next month, saying his job was done.
It was the second straight quarterly profit for the Detroit automaker, which made $865 million in the first quarter, and sets the stage for GM to file paperwork soon to start the public stock sale process.
St. Johns, MI – Thousands of people are expected in St. Johns this weekend for the city's annual mint festival. They'll meet vendors from in and around "Mint City U.S.A." to sample their products. For two local farmers, this year's crop is especially sweet. One year ago, siblings Jim and Linette Crosby faced eviction from the farm their great-grandfather started nearly a century ago. But today, they're back in business, running the nation's oldest family-owned mint farm.
Flint, MI – Authorities in Virginia have announced the arrest of a man in connection with a three-state serial stabbing spree that resulted in at least 20 attacks and five deaths, many in Michigan.
Police in Leesburg, Virginia said Thursday the man was arrested late Wednesday afternoon and was being held on unrelated charges.
Leesburg Police Officer Chris Jones says authorities believe the man could be the suspect and has ties to Leesburg and Flint. Jones says police "have information that he was trying to leave the country."
PERE MARQUETTE TOWNSHIP, MI – Garbage washing up on Lake Michigan beaches has some in western Michigan wondering if it's a return to the summer of 2008, when Wisconsin trash rolled in.
The Ludington Daily News says shoreline residents in Mason and Manistee counties have found the trash. A resident of Mason County's Pere Marquette Township says she's picked up bottles, straws, cups, cigarette butts and syringes.
Michigan voters should not expect their next Governor to be the catalyst for a major economic revival. That's according to an analyst with a southeast-Michigan political think tank. John Bebow is the Executive Director of Ann Arbor's 'Center for Michigan.' He says the electorate needs to remember a Governor's role in economic development.
Lansing, MI – Lawmakers in Lansing are waiting anxiously to see what shake-ups could occur in state government with the general election in November. The minority parties in both the House and Senate are looking for gains.
Many current Senators on both sides of the aisle are term limited out after this year. The Democrats hope that means they can make a solid run at control of the chamber. But they know there's a lot of work to be done.