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Michigan

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  • New machinery ready at steelmaker Gerdau's plant Wednesday, 24 Oct 2012 | 11:01 AM ET

    MONROE, Mich.-- Steelmaker Gerdau is unveiling new machinery at a Michigan steel facility as part of the company's ongoing expansion. The company on Wednesday is marking the completion of construction of a continuous caster at its North American special steel facility in Monroe, about 35 miles southwest of Detroit.

  • Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.

  • Foundation investing nearly $20M in Detroit arts Wednesday, 24 Oct 2012 | 10:02 AM ET

    DETROIT-- Arts groups in Detroit will share nearly $20 million donated by the John S. and James L. Knight Foundation, including $9 million to be awarded through a communitywide contest to boost the city's best arts ideas, the foundation announced Tuesday.

  • Dow Chemical stock up on restructuring news Wednesday, 24 Oct 2012 | 9:11 AM ET

    MIDLAND, Mich.-- Shares of Dow Chemical jumped 6 percent in premarket trading Wednesday after the company announced significant restructuring plans.

  • Goodyear Tire faces tough 3Q in troubled economy Wednesday, 24 Oct 2012 | 6:42 AM ET

    DETROIT-- Goodyear Tire& Rubber Co. faced a challenging third quarter in a sputtering economy, and its results could reflect that when they are released before the markets open on Friday.

  • UPDATE 4-Dow cutting jobs, closing plants as growth slows Wednesday, 24 Oct 2012 | 3:14 AM ET

    *Dow Chemical to cut 2,400 jobs, close 20 plants. NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy.

  • UPDATE 3-Dow cutting jobs, closing plants as growth slows Wednesday, 24 Oct 2012 | 1:28 AM ET

    NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy. Rival DuPont slashed its earnings forecast and announced 1,500 jobs cuts.

  • Bailout, layoffs: New pain ahead for EU carmakers Wednesday, 24 Oct 2012 | 12:32 AM ET

    PARIS-- The extent of the European car industry's troubles was laid bare Wednesday, when France's government tossed a financial lifeline to the continent's No. 2 automaker, Peugeot Citroen, and Ford said it would shut a plant in Belgium, cutting 9,500 jobs.

  • Gas gets cheaper, but still isn't cheap Wednesday, 24 Oct 2012 | 12:26 AM ET

    The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7- day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell. Rozell says gas has averaged $3.65 so far this year, 10 cents above the record set in 2011..

  • *DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts.

  • Dow Chemical to slash 2,400 jobs, close 20 plants Tuesday, 23 Oct 2012 | 5:48 PM ET

    MIDLAND, Mich.-- The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere.

  • *DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.

  • *Asbury plans to repurchase $25 M- $30 M of stock per year. Oct 23- U.S. auto dealership groups Sonic Automotive Inc and Asbury Automotive Group Inc posted higher third-quarter adjusted earnings as vehicle sales rose and costs stayed about flat.

  • Mich. community health centers get federal support Tuesday, 23 Oct 2012 | 11:12 AM ET

    LANSING, Mich.-- Nearly two dozen community health centers in Michigan are getting funding from the U.S. Health Resources and Services Administration. The Michigan Department of Community Health announced Tuesday that the money for 22 centers aims to enhance the quality of care and allow more women to be screened for cervical cancer.

  • Thefts of cell phones rise rapidly nationwide Saturday, 20 Oct 2012 | 4:02 PM ET

    Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.

  • Unions shift political might to state, local races Saturday, 20 Oct 2012 | 11:31 AM ET

    WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • Unions focus more on state and local races Saturday, 20 Oct 2012 | 3:28 AM ET

    WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • News Summary: Bad weather a boon for Wash. apples? Friday, 19 Oct 2012 | 5:19 PM ET

    CRAZY WEATHER: Warm spring weather in the Northeast and Midwest tricked apple trees into budding early this year, and then a late frost damaged the blossoms. CROPS CRIMPED: Crops in apple-producing states like New York and Michigan shrank, falling off as much as 90 percent.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • Labor tries new tactic after setbacks in Michigan Friday, 19 Oct 2012 | 2:10 PM ET

    But times are tough for unions in the Rust Belt, even in a longtime bastion like Michigan.

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