CITY OF DETROIT
Firefighters union sees favoritism in proposed $2K bonuses for Detroit police
In an official bulletin from the <a href="https://www.clickondetroit.com/topic/Detroit_Fire_Fighters_Association/" target="_blank">Detroit Fire Fighters Association</a>, all firefighters and medics were informed that the <a href="https://www.clickondetroit.com/topic/City_of_Detroit/" target="_blank">City of Detroit</a> intended to pay <a href="https://www.clickondetroit.com/topic/Detroit_Police_Department/" target="_blank"><b>Detroit police officers</b></a> a bonus.
$40 million expansion of Detroit Center approved by University of Michigan regents
Lewis Cass and legislators established what is now known as the University of Michigan. On Thursday, the Board of Regents at the Ann Arbor-based university approved a $40 million expenditure to deepen those Detroit roots. The Rackham building, 100 Farnsworth St., opened in 1942 under the stewardship of Horace Rackham, an original shareholder of the Ford Motor Company. The Detroit Center is separate from the scrapped Detroit Center for Innovation, which was a $300 million plan to build on the site of the former failed Wayne County Jail project. The $40 million comes from university investment proceeds, said UM Chief Financial Officer Geoffrey Chatas.mlive.com
Detroit pension fund says it will withdraw from suit against Dan Gilbert over Rocket Cos. stock sale
CLEVELAND, Ohio -- A Detroit pension fund suing Cleveland Cavaliers owner Dan Gilbert and Rocket Cos. now says the insider trading lawsuit started with a miscommunication, and is withdrawing as a plaintiff. In March, Gilbert sold $500 million of Rocket Cos. stock to the pension fund. Bruce Babiarz, spokesman for the pension fund, said PFRS’s general counsel gave Grant & Eisenhofer permission to look into the sale, while the law firm thought it was given the OK to sue. Allan Ripp, spokesman for Grant & Eisenhofer, said the “law firm is in the process of dismissing them (the pension fund) from the lawsuit as expeditiously as possible. Another law firm, Abraham, Fruchter and Twersky, is representing the trust, Ripp said.mlive.com
Dan Gilbert sued over alleged insider trading, company calls suit ‘frivolous’
CLEVELAND – A pension fund in Detroit is suing Cleveland Cavaliers owner Dan Gilbert and Rocket Companies in a Delaware court, claiming he had insider information when he sold the fund $500 million in Rocket Companies stock. Parts of the lawsuit released by the court to cleveland.com late Tuesday are redacted, including details of the pension fund’s version of events. The suit claims Gilbert would have been aware of Rocket’s results in real-time, and that those results were discussed at a March 10 company meeting, more than two weeks before he sold the stock to the pension fund. The pension fund accuses Gilbert of avoiding $165 million in losses by selling the stock when he did, and claims he sold it knowing information not yet public. Rock Holdings says the company has been “forthcoming and transparent.” According to the statement, Rocket Mortgages has met or exceeded guidance rangers provided in 2021 earning reports.mlive.com
Live stream: Detroit Grand Prix ‘Back to the Streets of the Motor City’ news conference
The Chevrolet Detroit Grand Prix presented by Lear will return home to the streets of Detroit in 2023 and organizers will share their vision for the future with a special announcement in the Wintergarden of the GM Renaissance Center.
Michigan Matters: Powering EVs, Wireless Charging Roads and Drones
Michigan Matters: Powering EVs, Wireless Charging Roads and DronesPolice Update: Man Arrested In Killing Of Detroit Mother In Her DrivewayPolice have arrested a man in connection to the fatal shooting of a Detroit mother who had just returned home after dropping her two children off at school. New Modern Church's Chicken Restaurant Opening Friday In Highland ParkA reimagined modern Church's Chicken restaurant is coming to Metro Detroit on Friday. This announcement is part of the bank's annual Day of Giving (Nov. 18), which celebrates the full scope of the bank's support to advance economic mobility throughout the City of Detroit. Early Prison Release Reversed For Roger Sweet, Metro Detroit Man Convicted Of Murder, RapeA decision to release a Michigan man from prison because of COVID-19 fears was overturned on Nov. 18 by a federal appeals court, which pointed to his “long history of violence” against women and abuse of children. Person Of Interest In Custody After Mother Of 2 Was Shot, Killed In DetroitA man wanted in connection with the fatal shooting of a mother of two on Wednesday in Detroit is now in custody.detroit.cbslocal.com
Michigan Matters: Dissecting the Political Landscape
It was full steam ahead as talk of politics took center stage during taping of CBS 62’s “Michigan Matters” as GOP powerhouse Susy Avery and Democratic strategist Steve Tobocman, the two outgoing co-chairs of MSU’s Michigan Political...detroit.cbslocal.com
Michigan Matters: Star Trek’s William Shatner & Auto Icon Bob Lutz Discuss the Electric Future
William Shatner, star of the iconic 1960s TV show “Star Trek,” and Bob Lutz, former Vice Chair of GM, join two Detroit entrepreneurs as they appear on “Michigan Matters” airing 8 am this Sunday on CBS 62 to discuss the electric future.detroit.cbslocal.com
Beaumont Staff Vaccinate Own Kids 1st, Hopes To Ease Parents Vaccine Worries As Health System Prepare For Vaccine Clinic Next Week
Beaumont Health will begin offering the FDA/CDC approved Pfizer COVID-19 vaccine at its Beaumont Service Center and Beaumont Hospital, Troy clinics to children 5 to 11-years-old beginning Friday, Nov. 12. Today staff members had their kids...detroit.cbslocal.com
DTE, other agencies investigate apparent underground explosion in southwest Detroit
“It felt like an explosion or earthquake honestly. The doors in the building were shifting. We were trying to fix them and then we noticed that it was actually a foundation issue. Cracks were appearing inside as well as outside."