In Michigan
10:56 am
Wed June 10, 2009

Audit says prison industry costing taxpayers money

LANSING, MI – A state audit found that factories staffed by state prison inmates are losing money, and are being subsidized by taxpayers.

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In Michigan
10:40 am
Wed June 10, 2009

GM announces extended Lansing plant layoff

EAST LANSING, MI – General Motors says over 900 of its Lansing employees should prepare for a longer summer layoff.

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Business
7:38 am
Wed June 10, 2009

Scene shifts to Senate after House passes bill hoping to boost auto sales

WASHINGTON – WASHINGTON (AP) - The focus to boost new car sales and get old gas guzzlers off the road now turns to the Senate after easy House approval.

The "cash for clunkers" bill, which passed the House 298 to 119, would give consumers instant vouchers of up to $4,500 when they turn in older, gas guzzling vehicles and buy new, more fuel-efficient ones.

The aim is to help the ailing auto industry, which has seen sales drop by more than a third in just two years.

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Nation
7:30 am
Wed June 10, 2009

Administration to issue new Wall Street pay curbs

WASHINGTON –

WASHINGTON (AP) - The Obama administration is ready to issue broad new principles on how to compensate top financial sector executives.

Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke want to give the Fed and the Securities and Exchange Commission greater powers to set compensation guidelines across the financial sector.

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Business
7:25 am
Wed June 10, 2009

Hearing today on federal auto bailout

WASHINGTON – WASHINGTON (AP) - Congress is taking a look today at how much taxpayers now have invested in GM and Chrysler.

With carloads of government money tied up in the automakers, members of the White House auto task force face some tough questioning before the Senate Banking Committee.

Chairman Christopher Dodd wants to know how taxpayer money is being used, how much is being used and when taxpayers will start seeing a return on the investment.

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Business
7:05 am
Wed June 10, 2009

Fiat deal with Chrysler likely to close today

NEW YORK –

NEW YORK (AP) - Chrysler is a step closer to emerging from bankruptcy protection.

The Supreme Court has cleared the way for the sale of the bulk of Chrysler's assets to Fiat. The high court rejected an appeal by a trio of Indiana pension and construction funds, consumer groups and others who wanted to block the transaction.

The deal has the backing of the Obama administration. It will likely close today, according to A person briefed on the company's plans who declined to be named ahead of an official announcement.

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Business
6:37 am
Wed June 10, 2009

High court won't block Chrysler sale

WASHINGTON – WASHINGTON (AP) - The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court has rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

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In Michigan
6:07 am
Wed June 10, 2009

Tri-county transportation discussed

LANSING, MI – LANSING, MI (WKAR) - A transportation plan for Ingham, Eaton and Clinton counties was discussed at a public forums last night.

The Tri-County Regional Planning Commission is holding the sessions to gather input on transportation priorities for the next 25 years.

Chief planner Paul Hamilton says a five-year-old plan looking at transportation needs to the year 2030 is being updated.

A meeting for residents of Ingham County will be held Thursday at 7 p-m at the Hannah Community Center in East Lansing.

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Sports
5:42 am
Wed June 10, 2009

Lugnuts split doubleheader

LANSING, MI – LANSING, MI (WKAR) - The Lansing Lugnuts defeated the West Michigan Whitecaps, 8-2, in the first game of a doubleheader before dropping the nightcap, 5-3, in 11 innings last night at Oldsmobile Park. Tonight at 7:05 p.m., the Lugnuts host the beginning of a four-game series with the Great Lakes Loons.

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Sports
5:31 am
Wed June 10, 2009

Cabrera's 10th inning homer lifts Tigers over White Sox

CHICAGO – CHICAGO (AP) - Miguel Cabrera broke out of a slump with a solo homer in the 10th inning to lift the Detroit Tigers over the Chicago White Sox 7-6.

The Tigers had squandered a three-run lead in the ninth as closer Fernando Rodney walked the first three batters he faced before he was pulled.

Cabrera, who had been hitless in his last 12 at-bats, led off the 10th with a shot to left-center off White Sox reliever Scott Linebrink (2-4). It was Cabrera's 11th homer of the season.

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