Associated Press

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.

Michigan State Police riot gear in the Capitol Building.
Courtesy / MPRN

LANSING, Mich. (AP) - State troopers armed with tear gas canisters, pepper spray and batons are among dozens of officers guarding the Capitol in Lansing as the right-to-work battle heats up in Michigan.

LANSING, Mich. (AP) - Several thousand union members gathered to protest so-called right-to-work legislation in Michigan have begun a three-block walk to the state Capitol.

Some of the tents and “inflatables” along Capitol Avenue.
Courtesy / MPRN

LANSING, Mich. (AP) - Union demonstrators rallying against right-to-work legislation in Michigan have turned the front lawn of the state Capitol into an impromptu carnival that includes giant, inflatable rats representing Republicans supporting the divisive measure.

Courtesy / MI Womens Hall of Fame

TRAVERSE CITY, Mich. (AP) - Helen Wallbank Milliken, who was Michigan's longest-serving first lady and a staunch supporter of women's rights and the environment, has died. She was 89. WKAR-TV will air The Millikens, a 2006 conversation with the former governor and first lady tonight at 9 p.m. on WKAR-TV.  

Dean Pridgeon, a former director of the Michigan Department of Agriculture who later served as a Michigan State University trustee, has died. He was 91.

Kevin Rosseel / morgueFile

An ex-Michigan State University medical student accused of killing at least 12 greyhound puppies has pleaded guilty to charges carrying a penalty of up to four years in prison.

Gov. Rick Snyder says the approval of a deal between the state and the city of Detroit is a "positive opportunity" for the city and the entire state of Michigan.

The Detroit City Council has put off a vote while continuing to debate a proposed consent agreement between the city and Gov. Rick Snyder.

A federal judge is telling lawyers to return to court Tuesday in a dispute over the state's likely veto of contract concessions approved by Detroit city workers.

Detroit's chief federal prosecutor says her office wouldn't do anything differently in the investigation of a Michigan militia, despite losing virtually all of the case after a six-week trial.

Major League Baseball expanded its playoff format to 10 teams Friday, adding a second wild-card in each league.

The decision establishes a new one-game, wild-card round in each league between the teams with the best records who are not division winners, meaning a third-place team could win the World Series.

This is the only change in baseball's playoff structure since the 1995 season, when wild-card teams were first added.

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