GO
Loading...

Michigan

More

  • Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported disappointing quarterly results on Friday, hurt by restructuring and debt refinancing costs and by higher-than-expected costs from new-product launches. Debt refinancing and redemption costs reduced third-quarter results by $10.1 million, or 14 cents per share.

  • K12 Inc. appoints Engler to board of directors Friday, 26 Oct 2012 | 5:15 PM ET

    HERNDON, Va.-- Educational software company K12 Inc. said Friday that it has appointed former Michigan Gov. He was governor of Michigan from 1991 to 2003. He currently serves on the boards of directors of Universal Forest Products Inc. and Munder Capital Management. Shares of the company, based in Herndon, Va., fell 11 cents to close at $21.46.

  • Earnings Preview: Chrysler 3Q profit to rise Friday, 26 Oct 2012 | 4:25 PM ET

    DETROIT-- Chrysler doesn't need big discounts to sell more cars _ but it soon might. After a white-hot start this year, the company's U.S. sales growth has been curbed by a resurgent Honda and Toyota.

  • *Profitable in Europe despite lower industry sales. Oct 26- Auto parts maker Lear Corp beat Wall Street third-quarter profit and sales expectations on Friday as North American sales were strong and operations in Europe were profitable despite a plunge in auto production there.

  • DETROIT, Oct 26- U.S. safety regulators are investigating 310,000 Taurus and Mercury Sable cars built by Ford Motor Co over a problem that could cause the throttle to be stuck open. The cars were built for the model years 2000 to 2003 and equipped with 3.0- liter V6 Duratec engines, the National Highway Traffic Safety Administration said.

  • Toyota widens global sales lead over GM Friday, 26 Oct 2012 | 3:12 PM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors after bouncing back from a series of natural disasters. While Toyota's sales rose 28 percent in that period, GM's rose 2.5 percent, to 6.95 million cars and light-duty trucks.

  • TCF Financial shares rise on strong 3Q results Friday, 26 Oct 2012 | 3:07 PM ET

    WAYZATA, Minn.-- Shares of TCF Financial Corp. rose Friday after the regional bank said its third-quarter net income tumbled 71 percent, hurt by hefty charges, but still managed to beat Wall Street predictions. Wayzata, Minn.- based bank posted a profit attributable to common shareholders of $9.3 million, or 6 cents per share, for the three months ended Sept. 30.

  • Business events scheduled for the coming month Friday, 26 Oct 2012 | 2:42 PM ET

    WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern; Labor Department releases third-quarter productivity data, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.; Institute for Supply Management releases its manufacturing index for October, 10 a.m.; Commerce Department releases construction spending for September, 10 a.m..

  • 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.