Herb Strather, the Detroit developer made a deadline for Wednesday 4:30 p. m. for making a ten percent down payment for his $3 million bid for the shattered and foreclosed properties in the city.
David Szymanski, the county Chief Deputy Treasurer said the wire transfer of $315,000 is likely to clear by Thursday morning.
On Thursday, Samsung Electronics Co. posted its third quarter earnings report. The company announced a sharp fall in the quarter due to a stiff competition which it is facing from its low-cost Chinese competitors of smartphones. For a while Samsung is losing its ground in the market to these low-cost,, smart gadgets.
Facebook's market value dropped one tenth as the company announced a rise in spending in the coming year along with a slowdown in revenue in the third quarter on Tuesday.
Investors have always given a very strong support to the social network company but its plans of strong spending shook the investors a little.
A report released on Tuesday revealed that the United States Postal Service (USPS) had granted requests by law enforcing agencies to track the main of 49,000 in 2013. This programme often did not have the required approvals and also lacked sufficient justification. The audit found that it also missed essential reviews that are required to be conducted annually.
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