Page 3 of 8 Nov 2008 Issue of Escanaba Daily Press in Escanaba, Michigan

Escanaba Daily Press November 8, 2008 Page 3 old newspaper archives

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Escanaba Daily Press (Newspaper) - November 8, 2008, Escanaba, MichiganUp Michigan 3athe daily press Escanaba saturday nov. 8, 2008 Christmas Bazaar annual sister Pat Casey room saturday nov. 15 the2008 10 00 . 2 00 . Come and see us Bishop Noa Home 2900 3rd ave. So. Escanaba i 49829 Call 786-5810 bake Sale crafts raffle White elephant Nyman jewellers 911 Ludington st., Escanaba 906-786-5033 of 9-5 30 the. 9-7 sat 9-5 say of my gosh really loud with your husband Mere inches feet away what what hell say and you say i just realized i want diamonds for Christmas yes men love this direct approach just do it give. Advocate. Volunteer. Live United T United Way of Delta county 906 786-3736 you can make a difference. F ind out How at sun., november 9 the 9am-1pm Adul t $6.00 senior s 55 $5.50 children under 10 $4.50 children under 5 free Escanaba elks #354 pancakes scrambled eggs Ham sausage Sweet Rolls fresh fruit Coffee juice and Toas t members and guests Welcome 510 Ludington Street Escanaba sunday Brunch pm running out of Money Detroit a general motors corp. Said Friday it lost $2.5 billion in the third Quarter and warned that it could run out of Cash in 2009 if the . Eco nomic slump continues and it does not get government Aid. Pm also said it has suspended talks to acquire Chrysler. While it did not specifically name the automaker pm said it was setting aside considerations for a strategic Acquini Tion. While the acquisition could potentially have provided significant benefits the company has concluded that it is More important at the present time to focus on its immediate liquidity challenges and accordingly considerations of such a transaction As a near term priority have been set aside a a the company is said in a statement. The automaker said its Cash Burn for the Quarter accelerated to $6.9 billion and govern ment Aid will be essential a because of the slow Economy and credit crisis. The move comes hours after Ford motor co. Said it lost $129 million for its third Quarter and will Cut about 2,260 More White Collar workers in North America As the Industry tries to weather the worst eco nomic downturn in decades. As . And global economies have rapidly deteriorated Auto sales have nearly shut Down. Pm said government Aid is essential a to help the . Auto Industry through the downturn. The third Quarter was especially challenging for the Auto Industry. Consumer spending which represents close to 70 percent of the . Economy fell dramatically and the abrupt closure of cred it markets created a downward spiral in vehicle sales a a chair Man and ceo Rick Wagoner said in a statement. The automaker reported a net loss of $4.45 per share Dur ing the Quarter compared with a record setting loss of $39 Bil lion or $68.85 per share a year ago. Its adjust loss was $4.2 billion or $7.35 a share with an adjusted loss of $2.8 billion for its automotive operations. Revenue fell to $37.9 billion from $43.7 billion due largely to credit freezing across the Globe. The loss exceeded Wall Street estimates. Analysts surveyed by Thomson Reuters predicted a loss of $3.70 per share on sales of $39.4 billion. The struggling company announced it would improve liquidity by $5 billion by the end of next year by cutting Cap ital spending reducing sales promotions and further cutting production in the first Quarter. The company also suspended its Matching contribution for employee 401k plans. A photo Ford Lin worker Carey Earl works on the 2009 Ford f150 truck at the Dearborn truck Assembly in Dearborn. Ford motor co. Frida said it lost $129 million in the third Quarter As the struggling automaker burned through $7.7 billion in Cash and set plans for More Job cuts. Ford said it will eliminate about 2,260 More White Collar employees in North America As it Battles continued weak demand the credit crisis and the worst economic downturn in decades. Ford has $129 million lost in third Quarter Dearborn a Ford motor co. Said Friday it lost $129 million in the third Quarter As the struggling automaker burned through $7.7 billion in Cash and set plans for More Job cuts. Ford said it will eliminate about 2,260 More White col Lar employees in North Amer Ica As it Battles continued weak demand the credit crisis and the worst economic downturn in decades. While Ford has been dramatically affected by the difficult business environment we remain absolutely convinced that we have the right plan and Are taking the right actions to weather this difficult period and emerge As a lean globally integrated company poised for Long term profitable growth a a Alan Mulally president and chief executive told Industry analysts during a teleconference. Ford said it lost 6 cents per share for the Quarter com pared with a loss of $380 Mil lion or 19 cents per share a year ago. The company posted a pre tax loss of $2.7 billion from continuing operations. But it was offset partly by a $2 Bil lion gain As the company shifted Retiree health care liabilities to a Trust run by the United Auto workers. Fords global automotive operations had a pretax loss of $2.9 billion for the Quarter compared with a pretax loss of $362 million a year earlier. Sales fell 22 percent to $32.1 billion from $41.1 Bil lion due to lower volume and the Sale of Jaguar and land Rover. Excluding special items Ford lost $1.31 per share worse than Wall Street expected. Analysts surveyed by Thomson Reuters predicted a loss of 94 cents per share on sales of $28 billion. Dearborn based Ford reported its worst three month performance Ever in the Sec Ond Quarter when it lost nearly $8.7 billion. The Cash Burn in which a company spends More Money than it takes in was far higher than the $2.1 billion Ford used up in the second Quarter. Ford said the Cash Burn Pri Marily reflected pretax Auto motive losses. Holland a about 80 students at Hope College in Holland have become sick with a stomach ailment that May be nor virus. The grand rapids press says students flocked to the health clinic thursday with nausea vomiting and Diar Rhea. Staffers cleaned areas on Campus where the virus could have originated but a College spokesman says the source is unknown. The Ottawa county health department is analysing Sam Ples from students to deter mine if the symptoms were caused by the contagious nor virus which usually clears within a couple of Days. A nor virus outbreak also led authorities to close a school in traverse City. Nor virus sickens students Detroit Council discussing text message suit Detroit a the City Council was holding a closed session Friday on what to do about a lingering and expensive Freedom of information act lawsuit seeking four years of text messages Between former mayor Kwame Kilpatrick and his sex top aide. Discussions on a possible Resolution of the civil suit brought by the Detroit free press and the Detroit news to Force the City to release the text messages were being explored said Royal Oak attorney William Liedel who represents the City and free press lawyer Herschel Fink. A nov. 21 conference is scheduled in Wayne county circuit court. Courts already have released two batches of embarrassing and sexually explicit text messages Between Kilpatrick and sex chief of staff Christine Beatty. The newspapers Are seek ing All of their texts beginning in 2002, Fink said. Kilpatrick who resigned in september and recently started a four month jail sentence As part of a plea to two Crimi Nal cases instructed the Cit yes Law department to fight the newspapers suit. That Cost is among nearly $400,000 in outstanding Legal Bills facing the already financially strapped City which May have to Lay off hundreds of workers while Chipping away at a $125 Mil lion budget deficit. Bills include $75,000 owed to attorney Robert Sedler who fought Council forfeiture proceedings to remove Kilpatrick from office and lie dells original $50,000 contract. Detroit a two math teachers ousted for protesting school closings have been ordered Back to the classroom. Stephen Conn and wife Heather Miller Are competent teachers who were punished by Detroit Public schools for exercising their free speech rights . District judge Stephen Murphy said. Were going Back to work to teach and end the injustices of education in Detroit a a Conn said Friday. This is the definitive example of the districts rot ten history of trying to silence expression. Now they ave lost by a slam Dunk a a he said. Murphys 24-Page Deci Sion was released thursday a Day after lawyers for the Detroit District failed to appear in court for a hearing. Activist teachers ordered Back to work

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