Kmart, Penske Battle Continues To Brew
Execs Try To Close Centers, But Court Steps In
POSTED: 2:23 p.m. EDT April 8, 2002
UPDATED: 8:23 a.m. EDT April 9, 2002
A bankruptcy judge in Chicago will decide today how Kmart and Penske will sever their ties.
Penske executives tried to close its centers at all 563 Kmart locations over the weekend.
But on Saturday, a bankruptcy court issued a temporary restraining order to keep the auto centers open for now.
Kmart had been in discussions with Penske about the future of the centers.
Penske Corporation purchased the centers from Kmart in 1995.
Troy-based Kmart is denying reports it might shut down 700 additional stores, which is something that Penske cited in court as a reason for leaving.
Previous Stories:
- March 8, 2002: Penske Centers At Kmarts To Close
Copyright 2002 by ClickOnDetroit.com.
All rights reserved. This material may
not be published, broadcast, rewritten
or redistributed.
Outgoing Detroit City Council members Barbara-Rose Collins and Martha Reeves have been told the city can't afford to let them buy their city-issued 2008 Ford Crown Victoria cars.
Authorities say a 15-year-old boy who was ringing doorbells as a prank in Livingston County was shot by a 69-year-old man at one of the homes.
A Michigan teen who was sentenced to four days in juvenile detention Thursday for refusing to visit his father was released after spending only one night there.
A newborn baby was found in a Dumpster outside of a collision shop in Garden City.
A local clinic says approximately 40 children received the wrong dose of H1N1 nasal vaccine after a misunderstanding about dosing.
Local 4 has exclusive footage of a driver that pulled over at a gas station and got into a confrontation with a man just moments before police shot the man with a Taser. He died at a nearby hospital shortly after. 
The family of slain 15-year-old Jamar Pickney Jr. was overcome with emotions Wednesday as his father was led into court and arraigned on first-degree murder charges in his death.
The only automobile dealer in the city of Detroit held a wake Friday in honor of the death of the dealership.
Clarkston versus Sterling Heights Stevenson.
It's a toy that's already hard to get. So Eric went searching and searching. And he found it! Watch Local 4 News Morning on Monday to see where.
See the beauty of Michigan's most colorful season!
Email Alerts
RSS News Feeds
Mobile
Live Streams
Slideshows
Video
Search
