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Michigan

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  • FED FOCUS-How a Fed inflation hawk changed his mind Tuesday, 9 Oct 2012 | 7:20 AM ET

    CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • Since the Sept. 25 recall of three lots of a steroid produced by a Massachusetts company, the outbreak has spread to nine states and 105 patients, with eight people killed, the Centers for Disease Control said.

  • Wolverine completes Collective Brands deal Tuesday, 9 Oct 2012 | 12:29 AM ET

    ROCKFORD, Mich.-- Wolverine Worldwide Inc. and two private investment firms said Tuesday that they have completed their roughly $2 billion acquisition of the Collective Brands Inc., which owns the Payless ShoeSource retail chain and the Sperry Top-Sider, Saucony, Stride Rite and Keds shoe brands.

  • GM names new chief of Cadillac brand Tuesday, 9 Oct 2012 | 12:24 AM ET

    DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.

  • GM names Cadillac global brand chief Tuesday, 9 Oct 2012 | 12:19 AM ET

    Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.

  • COLUMBUS, Ohio, Oct 8- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, will revise 2- year growth plans for both automakers later this month to reflect the slump in European auto sales since 2009.. To assume that the 2010 data that was put out in Europe is going to be confirmed is nonsense. "

  • NASHVILLE, Tenn., Oct 8- About 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.

  • Michigan's Union Power Play     Monday, 8 Oct 2012 | 7:05 PM ET

    In 30 days, a union backed ballot proposal could make the right to unionize a constitutionally protected activity, with Governor Rick Snyder (R-MI).

  • DETROIT, Oct 8- Fiat SpA:. *Chrysler CEO marchionne says will provide update to 2013-2014 business plan. *Chrysler CEO says updated forecast needed to reflect mounting Europe problems.

  • GM to hire thousands of computer professionals Monday, 8 Oct 2012 | 6:30 PM ET

    BIG CHANGE: General Motors is setting up four technology innovation centers in the U.S. and plans to hire 10,000 computer specialists over the next three-to-five years. THE NEWS: GM announced on Monday that one of the centers would be in the Detroit suburb of Warren, Mich., on the site of its Technical Center.

  • A look at GM's technical innovation centers Monday, 8 Oct 2012 | 6:23 PM ET

    The company has announced the sites of the first two centers, in Austin, Texas, and suburban Detroit, but it won't comment on the other two. AUSTIN, Texas: GM picked the home of the University of Texas because of its rich base of high-tech workers.

  • GM moves to bring computer technology in-house Monday, 8 Oct 2012 | 5:37 PM ET

    General Motors is moving past layoffs and the Motor City's rusty, low-tech image. "The companies that build the software themselves in general are going to have an advantage," says David Kirkpatrick, author of a book about Facebook and CEO of Techonomy Media Inc., a New York firm that specializes in setting up technology conferences. "

  • NASHVILLE, Tenn., Oct 8- Some 13,000 people in 23 U.S. states may have received steroid injections linked to a rare fungal meningitis outbreak that has killed eight people, but far fewer are likely to contract the disease, the Centers for Disease Control said on Monday.

  • DETROIT, Oct 8- Chrysler will introduce on Friday a new set of television commercials to promote the rollout of its redesigned primary pickup truck, the Ram Truck 1500, which appears at U.S. dealerships this month.

  • WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.

  • NASHVILLE, Tenn., Oct 8- U.S. health authorities scrambled on Monday to identify more cases of a rare form of meningitis, including enlisting local police to find people who might be infected by tainted steroid injections that have so far killed eight people.

  • At a Glance: Weekly change in state gas prices Monday, 8 Oct 2012 | 1:14 PM ET
  • The widening outbreak has alarmed federal and state health officials and focused attention on regulation of pharmaceutical compounding companies like the one that produced the drugs, the New England Compounding Center Inc in Framingham, Massachusetts.

  • AAA Mich.: Gas prices rise 3 cents from last week Monday, 8 Oct 2012 | 11:04 AM ET

    DEARBORN, Mich.-- AAA Michigan says gasoline prices have risen roughly 3 cents during the past week to a statewide average of about $3.91 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Marquette area, where it's about $3.76 a gallon.

  • Dow Chemical component buys Cal/West seed company Monday, 8 Oct 2012 | 10:37 AM ET

    INDIANAPOLIS-- A Dow Chemical Co. business said Monday that it has bought a California seed company. Indianapolis- based Dow AgroSciences, a subsidiary of Midland, Mich.- based Dow Chemical, works on making crops more productive. Dow Chemical slipped 22 cents to $28.98, a down day for the market.