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Monroe County’s application to borrow $2 million was rejected by the State Trust Fund after failing to meet state requirements. With the rejection of the loan, the Monroe County Board Finance Committee put together an option to pay the initial architect costs for a new justice center on Thursday, which still awaits approval from the Public Safety and Justice Committee and the County Board. tomahjournal.com
UPDATED AT 12:25 P.M. -- A key Wall Street analyst slashed his target price for General Motors Corp. shares to zero today, saying the company could run short of cash by December and that even with government aid, shareholders are likely to lose their investment. www.freep.com