Tag:  Materials

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Business

Bankruptcy expert named Detroit emergency manager

NEW EMERGENCY MANAGER–Michigan Gov. Rick Snyder announced March 14, that Kevyn Orr, a bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring, has been named Detroit’s emergency manager. (AP Photo/Courtesy Jones Day) by Corey Williams Associated Press Writer DETROIT (AP) — A bankruptcy expert who represented Chrysler during its successful restructuring has been chosen to steer Detroit out of the financial abyss that has swallowed the distressed city, which was once one of the nation’s most prosperous.

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Metro

Heinz brand, family ties, ubiquitous in Pittsburgh

PITTSBURGH ICON– In this March 2, 2011 photo, Heinz ketchup is seen on the shelf of a market in Barre, Vt. H.J. Heinz Co. says it agreed to be acquired by an investment consortium including billionaire investor Warren Buffett in a deal valued at $28 billion. (AP Photo/Toby Talbot, File) by Joe Mandak Associated Press Writer PITTSBURGH (AP) — A company with its roots in a teenager selling bottles of horseradish is now as much a symbol of Pittsburgh as steel.

National

President Obama is Time’s ‘Person of the Year’

NEW YORK (AP) — President Barack Obama has been named Time magazine’s “Person of the Year” for 2012. “We are in the midst of historic cultural and demographic changes, and Obama is both the symbol and in some ways the architect of this new America,” Time Editor Rick Stengel told NBC’s “Today” show, where he announced the selection on Wednesday. PERSON OF THE YEAR–In this image released Dec. 19, in New York by Time Inc., President Barack Obama is Time Magazine’s Person of the Year. (AP Photo/Time Magazine) The short list for the honor included Malala Yousafzai, the Pakistani teenager who was shot in the head for advocating for girls’ education, as well as Egyptian president Mohamed Morsi, Apple CEO Tim Cook and Italian physicist Fabiola Giannati.