GO
Loading...

Michigan

More

  • Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported a surprise quarterly loss, hurt by restructuring and debt refinancing costs. American Axle reported a net loss of $8.2 million, or 11 cents per share, compared with a profit of $22.6 million, or 33 cents per share, a year earlier.

  • 'RoboCop' remake OK'd for state film incentives Friday, 26 Oct 2012 | 1:05 PM ET

    "RoboCop," which has been filming in Toronto, was approved for $294,000 in incentives on $1 million in anticipated in-state spending. The reboot of the classic 1987 cult film with Peter Weller will include shots of Detroit and its landmarks. Eminem's "Detroit Rubber" was approved for $53,000 on nearly $170,000 of projected Michigan spending.

  • Mich. counties get disaster designations Friday, 26 Oct 2012 | 11:47 AM ET

    LANSING, Mich.-- The U.S. Department of Agriculture says further disaster designations have been issued for Michigan's Bay and Saginaw counties due to heavy August rains. Senator Debbie Stabenow of Michigan announced the determination, which follows heavy rains Aug. 4 through Aug. 22.

  • Mich. natural gas heating bills likely to rise Friday, 26 Oct 2012 | 11:45 AM ET

    LANSING, Mich.-- Michigan utility regulators say residential heating bills for natural gas users are expected to be slightly higher this winter due to likely increased consumption. The Michigan Public Service Commission released its winter energy appraisal Friday.

  • NH utilities preparing for Hurricane Sandy Friday, 26 Oct 2012 | 11:10 AM ET

    A spokesman for Unitil Corp. says the utility is talking to crews as far away as Tennessee and Michigan to make sure they will be available. Alec O' Meara said typically, Unitil talks about reaching to contractors as far as three days in advance of a storm, but the calls are being made sooner than that this time.

  • American Axle shares tumble on $8.1M 3Q loss Friday, 26 Oct 2012 | 9:42 AM ET

    DETROIT-- American Axle& Manufacturing Holdings Inc. said Wednesday that it posted an $8.1 million third-quarter loss due to the cost of closing factories and refinancing its debt.

  • Feds probe Taurus, Sable for stuck throttles Friday, 26 Oct 2012 | 9:39 AM ET

    DETROIT-- Federal safety regulators are investigating some older-model Ford Taurus and Mercury Sable sedans because the throttles can stick. The National Highway Traffic Safety Administration says it has 50 complaints about sticky throttles in the cars from the 2000 through 2003 model years. The Ford Taurus and Mercury Sable and are nearly identical cars.

  • Dow Corning 3Q profit falls on European weakness Friday, 26 Oct 2012 | 9:19 AM ET

    MIDLAND, Mich.-- Dow Corning's third-quarter net income dropped 45 percent as polysilicon prices continued to fall because of industry oversupply and sales declined in Europe.

  • Toyota widens global sales lead over GM in 3Q Friday, 26 Oct 2012 | 9:08 AM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors because its factories have recovered from last year's earthquake. Toyota could face a slowdown in the fourth quarter as sales fall in China. Anti-Japanese sentiment flared in China after Japan nationalized tiny islands in the East China Sea.

  • Ahead of the Bell: Credit Suisse upgrades CarMax Friday, 26 Oct 2012 | 9:06 AM ET

    DETROIT-- Shares of used-car dealership chain Carmax Inc. could get a boost Friday from a Credit Suisse analyst's upgrade. CarMax's store base is rising from 110 to more than 300, one of the largest expansions in the retail business, Balter wrote.

  • Delphi Automotive closes on FCI unit acquisition Friday, 26 Oct 2012 | 8:32 AM ET

    TROY, Mich.-- Delphi Automotive has completed its acquisition of FCI Group's motorized vehicles unit for 765 million euros. It is owned by affiliates of Bain Capital.

  • Unprecedented 'black mold' meningitis a challenge Friday, 26 Oct 2012 | 8:29 AM ET

    WASHINGTON-- The black mold creeping into the spines of hundreds of people who got tainted shots for back pain marks uncharted medical territory. Arjun Srinivasan of the Centers for Disease Control and Prevention. Arturo Casadevall, a fungal disease specialist at New York's Albert Einstein College of Medicine.

  • Lear 3Q profit up as automakers boost production Friday, 26 Oct 2012 | 8:11 AM ET

    The auto supplier earned $121.4 million, or $1.23 per share, up from $100.7 million, or 95 cents per share, in the same quarter last year. Global vehicle production rose 2 percent during the quarter, Lear said, with automakers building more vehicles in every major global market, save for Europe.

  • Goodyear Tire 3Q net income falls 32 percent Friday, 26 Oct 2012 | 7:27 AM ET

    DETROIT-- Shares of Goodyear Tire& Rubber Co. fell more than 10 percent on Friday as the company's third-quarter net income and revenue dropped on lower tire sales in Europe. The Akron, Ohio, company's results fell short of Wall Street's expectations as problems in Europe offset cost cuts and profits in North America.

  • Still on the rebound, Detroit hosts World Series Friday, 26 Oct 2012 | 3:24 AM ET

    DETROIT-- The Detroit Tigers are in the World Series for the second time since 2006. But much of the city seems seasons away from its own grand slam. Whole Foods is building a store north of where the Tigers play, and wealthy optimists are snapping up vacant downtown office buildings and filling them with workers.

  • Toyota global vehicle sales up 28 pct in Jan-Sept Friday, 26 Oct 2012 | 1:26 AM ET

    TOKYO-- Toyota sold 7.4 million vehicles around the world in the first nine months of the year, up 28 percent from a year earlier, but its strong growth faces headwinds from a sales plunge in China that could unseat it as the world's top automaker.

  • *Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.

  • UPDATE 1-JD Power-LMC raise 2012 US auto sales forecast Thursday, 25 Oct 2012 | 6:31 PM ET

    DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised the forecast for 2012 U.S. auto sales to 14.4 million vehicles, from the previous forecast of 14.3 million, as the auto industry continues to recover from its downturn three years ago.

  • DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised their forecast for 2012 U.S. auto sales to 14.4 million vehicles, from the previous forecast of 14.3 million, as the auto industry continues to recover from its downturn three years ago.

  • Recent acquisitions boost TriMas 3Q profit Thursday, 25 Oct 2012 | 4:07 PM ET

    BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.