Jan 22 Michigan Governor Rick Snyder on Wednesday unveiled a plan to tap up to $350 million of state funds over 20 years to bolster Detroit's public pension funds.
The Republican governor, who was joined at a press conference by Republican legislative leaders, said his plan was aimed at helping to resolve Detroit's bankruptcy. He added that funds Michigan receives from a multi-state settlement with U.S. tobacco companies would be "a good potential source" of the money to aid Detroit retirees.
BRIEF-Workhorse Group enters into at market issuance sales agreement with Cowen
* Workhorse Group Inc says on June 22, co entered into an at market issuance sales agreement with Cowen And Company, Llc - SEC filing