Top News & Analysis Michigan

  • Mary Barra, chairman and CEO of General Motors, holds a media briefing at the 2016 GM Annual Meeting of Shareholders on June 7, 2016 in Detroit.

    Around 450 jobs will be returned to the U.S. as GM transfers back production of axles from a plant in Mexico, NBC News reports.

  • WASHINGTON, Jan 17- General Motors Co on Tuesday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier. President-elect Donald Trump for building vehicles in Mexico that are imported into the United States.

  • The settlement commits San Francisco- based McKesson Corp. to a multi-year suspension of sales of controlled substances from distribution centers in Colorado, Ohio, Michigan and Florida. The suspensions are among the most severe sanctions ever agreed to by a Drug Enforcement Agency- registered distributor, according to a statement by the U.S. Justice...

  • Jan 17- McKesson Corp, one of the largest U.S. distributors of pharmaceutical drugs, will pay a record $150 million to resolve a U.S. investigation into whether it failed to report suspicious orders of addictive painkillers. Tuesday's deal with the U.S. Justice Department followed an earlier settlement with the company over similar violations in 2008.

  • Jan 17- Wal-Mart Stores Inc and General Motors Co on Tuesday became the latest companies to win praise from President-elect Donald Trump for adding U.S. jobs and investment, even though much of their plans were previously announced. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to...

  • DAVOS, Switzerland, Jan 17- In 2014, Arnold Kamler, CEO of New Jersey- based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. For business and political leaders gathered in the Swiss Alps town of Davos for this year's World Economic Forum, Kamler's experience- part of a process Morgan...

  • DAVOS, Switzerland, Jan 17- In 2014, Arnold Kamler, CEO of New Jersey- based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. For business and political leaders gathered in the Swiss Alps town of Davos for this year's World Economic Forum, Kamler's experience- part of a process Morgan...

  • WASHINGTON, Jan 17- General Motors Co on Tuesday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier. President-elect Donald Trump for building vehicles in Mexico that are imported into the United States.

  • WASHINGTON, Jan 17- General Motors Co confirmed on Tuesday it would invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier. President-elect Donald Trump for building vehicles in Mexico that are imported into the United States.

  • DETROIT— General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump. In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories.

  • GRAND RAPIDS, Mich. _ Mercantile Bank Corp. on Tuesday reported fourth-quarter net income of $8.1 million. The holding company for Mercantile Bank of Michigan posted revenue of $34.3 million in the period. Mercantile Bank shares have decreased slightly more than 3 percent since the beginning of the year.

  • DAVOS, Switzerland, Jan 17- In 2014, Arnold Kamler, CEO of New Jersey- based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. For business and political leaders gathered in the Swiss Alps town of Davos for this year's World Economic Forum, Kamler's experience- part of a process Morgan...

  • DAVOS, Switzerland, Jan 17- In 2014, Arnold Kamler, CEO of New Jersey- based Kent International, took a big step: he resumed making bicycles in the United States, 23 years after uprooting production to China. For business and political leaders gathered in the Swiss Alps town of Davos for this year's World Economic Forum, Kamler's experience- part of a process Morgan...

  • WASHINGTON, Jan 16- General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday. On Jan. 3, Trump threatened to impose a "big border tax" on GM for making some of its Chevrolet...

  • DETROIT— General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The announcement comes after President-elect Donald Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S. While GM builds hatchback Cruzes in...

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build in the United States. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.1...

  • TORONTO, Jan 16- Canada's main stock index pulled back in morning trade on Monday, with several auto parts makers losing ground as U.S. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.3 percent at C $56.86, and Linamar Corp, which lost 3.7 percent to C $55.51.

  • President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market from Mexico, singling out luxury carmaker BMW for criticism following previous broadsides aimed at General Motors, Ford and Toyota. Mexico accounts for a fifth of all vehicle production in North America and has attracted...

  • Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles, fuelling an investment surge, said industry executives gathered in Detroit this past week for the city's annual auto show. China, struggling with catastrophic pollution levels in major cities, is aggressively pushing...

  • Volkswagen

    The $20 billion that Volkswagen is paying to resolve civil and criminal charges is unlikely to be the end of the story, The NYT reports.