GO
Loading...

Michigan

More

  • BLOOMFIELD HILLS, Mich.— Son: Michigan billionaire philanthropist, shopping mall developer A. Alfred Taubman dies.

  • BLOOMFIELD HILLS, Mich.— A. Alfred Taubman, the self-made Michigan billionaire whose philanthropy and business success— including weaving the enclosed shopping mall into American culture— was clouded by a criminal conviction late in his career, has died. Taubman, who donated hundreds of millions of dollars to universities, hospitals and museums, died Friday...

  • MEXICO CITY, April 17- Ford Motor Co said on Friday it will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The United Auto Workers union, in response, said putting jobs in Mexico rather than the United States will be a major issue at its upcoming U.S. labor talks with Ford, General Motors Co and...

  • Chemical Financial posts 1Q profit Friday, 17 Apr 2015 | 4:12 PM ET

    MIDLAND, Mich. _ Chemical Financial Corp. on Friday reported first-quarter profit of $17.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Chemical Financial shares have climbed 1 percent since the beginning of the year.

  • Kansas lays groundwork for $1 bln pension bond sale Friday, 17 Apr 2015 | 2:36 PM ET

    April 17- Kansas has begun a search for underwriters to sell $1 billion of taxable pension bonds that won final approval this week, the state's Development Finance Authority said on Friday. Kansas sold $500 million of insured pension bonds through the authority in 2004 with interest rates topping out at 5.5 percent for bonds due in 2034.. States and local...

  • DETROIT, April 17- Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first U.S. plant, people with knowledge of the matter said on Friday. "Soter is the spirit of safety in Greek mythology and Volvo's cars have a long-standing reputation for safety. The Georgia Department of Economic...

  • Nissan expands air bag recall after Louisiana injury Thursday, 16 Apr 2015 | 4:43 PM ET

    DETROIT— Nissan is adding 45,000 small cars to a previous recall after a Louisiana woman was injured by flying shrapnel from an exploding air bag. Nissan spokesman Steve Yaeger said the cars were added when Nissan found out about Wilson's injury while analyzing field data. In November, Nissan recalled more than 52,000 vehicles to fix potentially faulty...

  • LANSING, Mich.— A divided state Senate approved revisions Thursday to Michigan's auto insurance law that backers said would curtail costs in the only state to require unlimited medical benefits for those severely injured in crashes and that opponents warned wouldn't guarantee rate relief. "The best approach to bringing down insurance rates in Michigan is to...

  • Top US lawmakers strike deal to fast-track trade deals Thursday, 16 Apr 2015 | 2:41 PM ET

    WASHINGTON— Top congressional lawmakers struck a long-sought, bipartisan agreement Thursday for the broadest trade policy pact in years, allowing President Barack Obama to negotiate trade accords for Congress' review and move forward with talks on a sweeping partnership with Pacific nations. Obama quickly said he will sign the bill if Congress passes it.

  • DETROIT— Volkswagen is recalling nearly 21,000 minivans for a second time to fix faulty ignition switches that can cause the vans to stall. The recall covers roughly 18,500 Routan minivans from the 2009 model year and another 2,200 from 2010. All were made for VW by Fiat Chrysler. The switches can unexpectedly slip out of the run position, shutting off the...

  • AMSTERDAM, April 16- Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs. Speaking on Thursday to shareholders in Amsterdam, away from Fiat's historic roots in Turin and Chrysler's in Detroit, Marchionne said: "We...

  • DETROIT— A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's government-funded bankruptcy case six years ago, also ruled that plaintiffs who claim a loss in the value...

  • Universal Forest posts 1Q profit Wednesday, 15 Apr 2015 | 4:12 PM ET

    GRAND RAPIDS, Mich. _ Universal Forest Products Inc. on Wednesday reported first-quarter earnings of $10.2 million. On a per-share basis, the Grand Rapids, Michigan- based company said it had profit of 51 cents. Keywords: Universal Forest Products, Earnings Report.

  • Fight for $15 protests expand for low-wage workers Wednesday, 15 Apr 2015 | 3:02 AM ET

    NEW YORK— The Fight for $15 campaign that began with fast-food workers expanded in size and scope Wednesday to include a range of workers who say their meager pay is a form of economic injustice. In New York City, more than 100 chanting protesters holding signs with messages like "We See Greed" gathered outside a McDonald's around noon, prompting the store to lock...

  • WASHINGTON, April 14- U.S. House of Representatives Speaker John Boehner appointed five largely loyal Republican allies to a negotiating panel on Tuesday to work out differences between House- and Senate- passed budgets. The Republican negotiators are led by Budget Committee Chairman Tom Price and include panel vice chairman Todd Rokita of Indiana, Diane...

  • GM drops price of the electric Chevrolet Spark Tuesday, 14 Apr 2015 | 2:15 PM ET

    DETROIT— General Motors is the latest automaker to drop the price of an electric car in the face of slow sales. Nissan, Ford and Mitsubishi have all lowered electric car prices over the last two years. The cheapest EV on the market is currently the Mitsubishi i-MiEV, which starts at $22,995.

  • April 14- Ford Motor Co on Friday will announce an investment of about $2.5 billion in Mexico, industry sources said, the latest multibillion-dollar outlay in the country's booming auto sector. The U.S. automaker will announce the investment in Mexico City on Friday to celebrate the 90th anniversary of its presence in Mexico. Ford announced its last major...

  • DETROIT— Nearly two years after agreeing to recall 1.56 million older Jeeps that could catch fire in rear-end crashes, the maker of the vehicles has repaired only a fraction of the Jeeps covered by the recall, according to documents filed with federal safety regulators. The National Highway Traffic Safety Administration has been sparring with Chrysler for...

  • NEW YORK, April 14- By one estimate U.S. online political advertising could quadruple to nearly $1 billion in the 2016 election, creating huge opportunities for digital strategy firms eager to capitalize on a shift from traditional mediums like television. These firms- mostly small, partisan and based in Washington and surrounding suburbs- have grown in...

  • US probes complaints about Subaru air bag seat sensors Tuesday, 14 Apr 2015 | 9:56 AM ET

    DETROIT— U.S. safety regulators are investigating problems with the air bag sensors in the seats of Subaru Impreza compact cars. The National Highway Traffic Safety Administration says it got 26 complaints that the sensors turned off the front passenger air bag even though an adult was sitting in the seat. Subaru says any owners who have air bag problems should...