Showing posts with label Auburn Hills. Show all posts
Showing posts with label Auburn Hills. Show all posts

15 October 2015

2 ARRESTED IN HOME DEPOT SHOPLIFTING, SHOOTING

Original Story: freep.com

Police arrested two men suspected of shoplifting from a Home Depot in Auburn Hills from a Tuesday incident where a woman fired shots at them, police announced Friday.

The Flint men, ages 52 and 46, allegedly drove away in a black Kia as the 46-year-old Clarkston woman pulled her concealed pistol and opened fire in the parking lot, flattening a tire as they got away, Auburn Hills Police Department reports.The 52-year-old was arrested this morning, and the 46-year-old was arrested Thursday evening, both in Flint. A Westchester County criminal defense lawyer is reviewing the details of this case.

The woman has not been arrested, and has been cooperative, but she could face charges once the investigation is complete, police said.

Officers responded to the business at about 2 p.m. Tuesday on a report of shots fired. They found that the woman, a concealed-pistol license holder, was trying to stop a man as he pushed a cart full of unpaid merchandise out of the store, according to police. A Westchester County burglary lawyer is following this story closely.

Both men could face charges of felony retail fraud because the items stolen were worth more than $1,000, police said. First-degree retail fraud is punishable by up to five years in prison and fines of up to $10,000 or three times the value of the stolen property.

The case against the men will be presented to the Oakland County Prosecutor's Office for possible charges, police said.

26 March 2012

Michigan-Based Solar Panel Manufacturer Pulled from Stock Market

Story first appeared in The Detroit News on March 14th, 2012.

The stock of Energy Conversion Devices. Inc., the bankrupt Auburn Hills-based solar panel manufacturer, was pulled from the Nasdaq Stock Market on Feb. 24, according to a filing on Wednesday.  The company primarily makes, sells and installs thin-film flexible solar products and systems to the building and rooftop markets.  These panels are useful in the construction of Solar Carports and solar roof structures.

Energy Conversion filed for bankruptcy protection Feb. 14, when its stock price closed at 29 cents a share from $1.46 the day before. Nasdaq told the company Feb. 15 that it no longer qualified for listing on the stock exchange, according to the company's filing with the U.S. Securities and Exchange Commission.

When the company did not appeal the decision, the stock was suspended from the exchange Feb. 24, when Energy Conversion Device's stock closed at 16 cents a share. The delisting will become official 10 days after the Nasdaq files the paperwork, according to another filing made Wednesday with the SEC.

The company's stock — now traded on the over-the-counter "Pink Sheets" under the symbol ENERQ — closed Wednesday at nine cents a share.

The Auburn Hills-based firm said in May that it would lay off 300 workers, including 115 in Michigan, as it restructured amid cutbacks in government solar incentives overseas and after posting a large quarterly loss.