GO
Loading...

Michigan

More

  • 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.

  • Mich. reports 2nd straight big jobless rate drop Thursday, 25 Oct 2012 | 3:17 PM ET

    LANSING, Mich.-- Michigan is reporting a second straight big drop in unemployment, with the rate down 2.1 percentage points in two months. The Department of Technology, Management& Budget said Thursday that Michigan's seasonally unadjusted unemployment rate stood at 8.2 percent in September, down from 9.2 percent in August and 10.3 percent in July.

  • DETROIT, Oct 25- AutoNation Inc, the largest U.S. automotive retailer, posted slightly lower than expected third-quarter earnings and revenue on Thursday and its shares fell more than 7 percent. In an interview, Chief Executive Mike Jackson said the earnings miss was due to AutoNation buying back fewer shares than expected.

  • Ford exec - state aid to carmakers not sustainable Thursday, 25 Oct 2012 | 2:39 PM ET

    DETROIT, Oct 25- Ford Motor Co's head of Europe said on Thursday that state aid to struggling carmakers would be untenable in the future, particularly during the deep economic downturn in Europe.

  • DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • Ford sees total $3 European bln loss in 2012, 2013 Thursday, 25 Oct 2012 | 2:23 PM ET

    DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • Hot summer helps power CMS Energy's 3Q earnings Thursday, 25 Oct 2012 | 1:49 PM ET

    JACKSON, Mich.-- CMS Energy posted a 6 percent rise in net income for the third quarter, as sweltering heat boosted the use of air condition and economic activity in Michigan heated up as well. The Jackson, Mich., electric and gas company reported net income of $148 million in the quarter, or 55 cents per share.

  • Business events scheduled for the coming week Thursday, 25 Oct 2012 | 1:18 PM ET

    WASHINGTON _ Commerce Department releases personal income and spending for September, 8:30 a.m..

  • Ford to shut more plants as Europe losses grow Thursday, 25 Oct 2012 | 11:42 AM ET

    LONDON-- Ford pressed ahead Thursday with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.

  • NEW YORK, Oct 25- U.S. stock index futures rose on Thursday, indicating the S&P 500 may rebound from its worst five-day slide in five months, on optimism China's economy may be recovering and ahead of a flurry of economic data and corporate earnings.

  • AutoNation CEO: Car sales recovery will continue Thursday, 25 Oct 2012 | 10:14 AM ET

    AutoNation Inc. CEO Mike Jackson said people who held onto their cars through the Great Recession in 2008 and 2009 now have to make a choice between sinking thousands into repairing old vehicles or buying new ones.

  • PulteGroup returns to profit in 3Q, orders rise Thursday, 25 Oct 2012 | 8:18 AM ET

    BLOOMFIELD HILLS, Mich.-- Rising orders for new homes and rising prices hurtled PulteGroup back into a profitable third quarter, its best since before the real estate market crashed. PulteGroup, free of a hefty impairment charge it recorded last year, breezed past Wall Street expectations and the average selling price climbed 6 percent to $279,000.

  • AutoNation 3Q profit rises 15 pct. on strong sales Thursday, 25 Oct 2012 | 7:49 AM ET

    DETROIT-- AutoNation Inc., the country's largest auto dealership chain, said Thursday that its third-quarter net income rose more than 15 percent as it benefited from the continued rebound in U.S. new-car sales. The Fort Lauderdale, Fla., company said it earned $81.6 million, or 66 cents per share, in the quarter ended Sept. 30.

  • Program pairs U. Mich. experts with entrepreneurs Thursday, 25 Oct 2012 | 12:23 AM ET

    ANN ARBOR, Mich.-- Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department- sponsored program that partners university experts with area community organizations. The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia.

  • PONTIAC, Michigan, Oct 24- General Motors Co said the redesigned 2014 Chevrolet Corvette that goes on sale next year will get a new 450- horsepower V8 engine.

  • Daimler lowers 2012 outlook as Q3 net profit slips Wednesday, 24 Oct 2012 | 4:32 PM ET

    BERLIN-- German automaker Daimler AG lowered its full-year earnings target Wednesday after its third quarter net profit declined 11 percent to 1.20 billion from 1.36 billion a year ago.

  • Ohio's economic picture offers political dilemma Wednesday, 24 Oct 2012 | 4:03 PM ET

    John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.

  • Tony NYC suburb welcomes NJ's first pot dispensary Wednesday, 24 Oct 2012 | 3:57 PM ET

    MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.