Michigan is one of eight states to ban affirmative action and join California, Florida and Nebraska among others.» Read More
BLOOMFIELD HILLS, Mich.— The homebuilder PulteGroup posted an 8 percent drop in first-quarter profit Thursday as revenue from sales of land and new houses dropped. In a statement accompanying the results, Richard Dugas, PulteGroup's CEO, said he sees signs that sales will pick up, with demand improving over the quarter.
SAN JUAN, Puerto Rico— Puerto Rico hopes to persuade wealthy investors to bet on the U.S. territory at a two-day conference aimed at attracting new money amid the island's struggles to recover from a nearly eight-year recession.
DETROIT, April 24- General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America and improvement overseas.
DETROIT, April 24- General Motors Co said on Thursday that first-quarter profit tumbled 88 percent after a massive recall due to defective ignition switches, but results still topped expectations on strong pricing for its redesigned pickup trucks in North America.
April 24- Caterpillar Inc on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.
April 24- Caterpillar Inc on Thursday posted quarterly profit that topped estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry. With restructuring costs factored in, Caterpillar made a profit of $1.44 a share.
April 24- Auto parts maker Delphi Automotive Plc reported a better-than-expected quarterly profit, helped by strong demand in Asia and North America, and raised its 2014 earnings outlook. The company said it now expects 2014 adjusted earnings between $4.80 and $5.00, up from its previous forecast of between $4.70 and $4.95 a share.
DETROIT— The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales. The Detroit automaker is facing government investigations and civil lawsuits over the small-car recall.
DETROIT, April 24- General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switchs linked to at least 13 deaths, but results still topped Wall Street expectations on strong pricing for its vehicles, especially in North America.
The Hartford, Conn., insurer closed a $6.9 billion acquisition of fellow insurer Coventry Health Care last May, and it said Thursday that deal was the main factor behind its growth in this year's first quarter. It administers Medicaid, the state and federally funded program that covers the needy and disabled people, and it offers Medicare Advantage plans.
LAS VEGAS— Discount carrier Spirit Airlines has announced plans to offer daily, nonstop service between Las Vegas and Kansas City, Mo.. A plane will depart Kansas City at 9:55 p.m. daily and arrive in Las Vegas at 10:55 p.m. local time, while a flight will depart Las Vegas at 1 a.m. daily and arrive in Kansas City at 5:45 a.m..
CHICAGO, April 23- Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.
WASHINGTON, April 23- Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units.
DETROIT, April 23- General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths. GM is under investigation by U.S. safety regulators, Congress and the U.S. Department of Justice for why it did not catch the faulty part for over a decade.
MIDLAND, Mich.— Dow Chemical said Wednesday its first-quarter net income jumped 75 percent, helped by easy comparisons to a prior-year period weighed down by hefty one-time charges.
Toyota kept its position at the top in global vehicle sales for the first quarter, outpacing General Motors and Volkswagen.
ANN ARBOR, Mich.— A degenerative eye disease slowly robbed Roger Pontz of his vision. It's exciting— seeing something new every day, "Pontz said during a recent appointment at the University of Michigan Kellogg Eye Center. The facility in Ann Arbor has been the site of all four such surgeries since FDA approval.
DETROIT— Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning. The driver says that in one instance, the Impala was traveling at 40 miles per hour with no one in front of it when the brakes activated.
WASHINGTON, April 22- Former General Motors Co chief executives should be called to testify to the U.S. Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.
WASHINGTON, April 22- Former General Motors CEOs and other executives should be called to testify to the U.S. Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.