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Pensioners Take Cuts In Detroit Bankruptcy

Posted On October 21, 2014

(Detroit, MI) -- City workers are concerned about the fate of their pensions as a judge gets set to render his verdict in Detroit's bankruptcy case. Josh Bitterman with Bloomfield Hills Financial says if the plan moves forward, municipal workers could see a four and a-half percent cut to their pension benefits.   The proceedings…

Stocks Closing Up After Big Day For The Nasdaq

Posted On October 21, 2014

(New York, NY) -- Stocks are closing up with the Nasdaq gaining over two-percent. Boosted by better-than-expected earnings data from Apple, the Nasdaq gained 103 points to close at 44-19. The rebound on Wall Street continued with the Dow Jones Industrial Average up 215 points to 16-615. The S&P 500 posted gains for the fourth…

Stocks Close Up After Big Day For The Nasdaq

Posted On October 21, 2014

(New York, NY) -- Stocks closed up Tuesday with the Nasdaq gaining over two-percent. Boosted by better-than-expected earnings data from Apple, the Nasdaq gained 103 points to close at 44-19. The rebound on Wall Street continued with the Dow Jones Industrial Average up 215 points to 16-615. The S&P 500 posted gains for the fourth…

31 States Had Unemployment Rate Decreases From August

Posted On October 21, 2014

(Washington, DC) -- Thirty-one states are reporting that unemployment fell in September. The Bureau of Labor Statistics says eight states showed increases in joblessness last month, and eleven states and the District of Columbia reported no change in unemployment numbers. The biggest jumps in joblessness occurred in Texas, Illinois and Colorado.

Michigan Law Bans Direct Auto Sales, Affects Tesla

Posted On October 21, 2014

(Lansing, MI) -- A new Michigan law will make it tougher to buy a Tesla. Governor Rick Snyder signed a bill today strengthening an existing state law that already bans direct sales in Michigan. The measure also prevents car-makers from setting dealer fees in the Great Lakes state. General Motors issued a statement supporting the…