GO
Loading...

Detroit

More

  • Michigan's population creeping up as autos recover Thursday, 25 Dec 2014 | 5:28 PM ET

    DETROIT— After years of declining population, industrial Michigan finally seems to be on track toward growth again, the state's demographer says. Despite the rise, Michigan dropped to the 10th most-populous state this year as North Carolina jumped to No. 9.. And the number of people moving to Michigan continues to trail the number migrating elsewhere, with...

  • Sony broadly releases 'The Interview' in reversal of plans Wednesday, 24 Dec 2014 | 11:58 AM ET

    LOS ANGELES— Amid a swell of controversy, backlash, confusion and threats, Sony Pictures broadly released "The Interview" online Wednesday— an unprecedented counterstroke against the hackers who spoiled the Christmas opening of the comedy depicting the assassination of North Korean leader Kim Jong Un. "It has always been Sony's intention to have a national...

  • Auto industry acts globally _ except on recalls Wednesday, 24 Dec 2014 | 3:01 AM ET

    Six years ago, Honda began recalling driver's side air bags in the U.S. The air bags, made by Japanese supplier Takata Corp. at a now-shuttered plant in Georgia, can inflate with too much force, spewing shrapnel into the vehicle. But it wasn't until November of this year— after the death of a driver in Malaysia— that Honda recalled driver's side air bags in small cars...

  • US-Cuba: New life for Cuba's classic cars? Wednesday, 24 Dec 2014 | 12:00 AM ET

    HAVANA— Dairo Tio cruises the streets of Havana in a gleaming black 1954 Buick with polished chrome highlights and the diesel motor from an electric plant bolted beneath the hood. One of the measures announced by Obama last week would allow U.S. exports to Cuba's small class of private business owners, which includes thousands of mechanics and taxi drivers who...

  • Goldman Sachs sells metals business to Swiss firm Monday, 22 Dec 2014 | 7:42 PM ET

    NEW YORK— Goldman Sachs says it has sold Metro International Trade Services, a metals storage business that drew lawsuits and congressional scrutiny. The buyer is a unit of Switzerland- based investment firm Reuben Brothers. A Senate report in November found that Goldman Sachs Group Inc. used its stockpile of aluminum, held in warehouses near Detroit, to cause...

  • Dec 22- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. Reuben Brothers has a history in steel and iron ore investments through its metal trading company Metalloyd. In April, the firm sold its stake in Erus Metals, a small warehousing company based...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • Tent city sprouts in shadow of downtown Detroit Monday, 22 Dec 2014 | 6:55 AM ET

    DETROIT— Bankruptcy behind it, Detroit's atmosphere swirls with the promise of better days. Jones and others in this makeshift community of seven tents— believed to be the only tent city in Detroit— say they have nowhere else to go. But San Francisco is on much firmer financial ground than Detroit, which shed $7 billion in debt during bankruptcy.

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • DETROIT, Dec 19- FCA US, the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles. The FCA total for Takata Corp- related recalls is now 3,672,770, including affected passenger-side airbags. The number of vehicles recalled...

  • Chrysler gives in to gov't, expands air bag recall Friday, 19 Dec 2014 | 4:35 PM ET

    The vehicles have driver's air bags equipped with inflators made by Japan's Takata Corp. that can explode with too much force and spew shrapnel at drivers and passengers. At least five deaths have been blamed on Takata inflators. For instance, Chrysler's recall covered just Hawaii, Florida, Puerto Rico and the Virgin Islands.

  • US says traffic deaths fell 3 percent in 2013 Friday, 19 Dec 2014 | 2:42 PM ET

    DETROIT— Driving is getting safer. A total of 32,719 people died in U.S. crashes in 2013, down from 33,782 in 2012, according to figures compiled by the National Highway Traffic Safety Administration. NHTSA Deputy Administrator David Friedman said the drop came because of safer vehicles, stronger laws and enforcement, and consumer education campaigns.

  • Chrysler to recall about 288K Ram pickup trucks Friday, 19 Dec 2014 | 8:09 AM ET

    DETROIT— Chrysler is recalling about 288,000 older Ram pickup trucks in North America and elsewhere because the rear axle can seize or the drive shaft can fall off. The recall comes after an investigation by the National Highway Traffic Safety Administration that began in June. The recall includes nearly 257,000 trucks in the U.S., another 22,000 in Canada,...

  • Ford House sells Cezanne painting for $100 million Friday, 19 Dec 2014 | 6:36 AM ET

    GROSSE POINTE SHORES, Mich.— The Edsel& Eleanor Ford House kept secret the 2013 sale of an oil painting by French post-impressionist Paul Cezanne to a private buyer for $100 million to help protect Detroit- owned artworks under threat due to the city's bankruptcy. Mullins said Ford House officials didn't release news of the sale when it occurred for fear of...

  • Companies' data security in question after Sony hack Friday, 19 Dec 2014 | 12:05 AM ET

    The hack, which a U.S. official has said investigators believe is linked to North Korea, culminated in the cancellation of a Sony film and ultimately could cost the movie studio hundreds of millions of dollars. "The Sony breach is a real wake-up call even after the year of mega-breaches we've seen," says Lee Weiner, Boston security firm Rapid7's senior vice...

  • Government selling last stake in Ally Financial Thursday, 18 Dec 2014 | 7:20 PM ET

    WASHINGTON— The government is selling the last of its shares in Ally Financial Inc., the former financing arm of General Motors that was bailed out during the financial crisis. Detroit- based Ally said Thursday that the Treasury Department is selling its remaining 54.9 million shares. Ally, formerly called GMAC Inc., received a $17.2 billion bailout that began...

  • SAN FRANCISCO/ DETROIT, Dec 18- Google Inc is laying the groundwork for a version of Android that would be built directly into cars, sources said, allowing drivers to enjoy all the benefits of the Internet without even plugging in their smartphones. "It provides a much stronger foothold for Google to really be part of the vehicle rather than being an add-on," said...

  • Sony hacking fallout puts all companies on alert Thursday, 18 Dec 2014 | 4:52 PM ET

    The hack, which a U.S. official has said investigators believe is linked to North Korea, culminated in the cancellation of a Sony film and ultimately could cost the movie studio hundreds of millions of dollars. "The Sony breach is a real wake-up call even after the year of mega-breaches we've seen," says Lee Weiner, Boston security firm Rapid7's senior vice...

  • Correction: Meningitis Outbreak story Thursday, 18 Dec 2014 | 2:46 PM ET

    BOSTON— In a story Dec. 17 about arrests in a deadly meningitis outbreak, The Associated Press erroneously reported Stuart Delery's title. BOSTON— Mold and bacteria were in the air and on workers' gloved fingertips. Federal prosecutors leveled those allegations in bringing charges Wednesday against 14 former owners or employees of a Massachusetts pharmacy in...

  • Ford expands drivers air bag recall nationwide Thursday, 18 Dec 2014 | 8:47 AM ET

    DETROIT— Ford Motor Co. has agreed to government demands to expand a driver's side air bag inflator recall to the entire U.S. Ford's action puts pressure on BMW and Chrysler, the only two automakers that haven't agreed to national recalls. Honda and Mazda already took their recalls national.