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Top News & Analysis Michigan

  • June 27- With inflation low and wages showing little sign of an upward surge, the U.S. Kashkari asked at an event at Michigan Technological University in Houghton, Michigan, adding that neither wage nor inflation data is giving any sign that the economy is about to overheat and indeed may suggest that there is still some slack in the labor market.

  • WILMINGTON, Del., June 27- Lawyers for people injured by exploding Takata Corp air bags told a U.S. bankruptcy court judge on Tuesday that the company's restructuring plan is being skewed to benefit automakers over victims. TK Holdings Inc, the U.S. business of Takata, filed for Chapter 11 bankruptcy on Sunday due to tens of billions of dollars of liabilities from...

  • BLUMFIELD TOWNSHIP, Mich.— A 160- foot wind turbine blade broke in rural mid- Michigan, leaving it dangling above a field. NextEra Energy Resources spokesman Bryan Garner tells The Saginaw News that workers were alerted to the break when the turbine in Saginaw County's Blumfield Township went offline on Monday. Information from: The Saginaw News,...

  • LANSING, Mich.— Online retailer Amazon plans to further extend its U.S. hiring binge into Michigan by spending up to $140 million and adding 1,600 full-time jobs at a new facility outside Detroit after being awarded a $5 million state incentive on Tuesday. Amazon currently has 277 employees in the state, according to a memo prepared by the Michigan Economic...

  • **SINTRA, Portugal- Introductory speech by the European Central Bank President Mario Draghi at the ECB forum on central banking in Portugal- 0900 GMT. SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. SINTRA, Portugal- ECB...

  • **SINTRA, Portugal- Introductory speech by the European Central Bank President Mario Draghi at the ECB forum on central banking in Portugal- 0900 GMT. SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. SINTRA, Portugal- ECB...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • DETROIT— Takata Corp. filed for bankruptcy protection in Japan and the U.S., leaving consumers to wonder about the status of the recall of about 70 million defective air bag inflators in the U.S. and another 30 million worldwide. Takata says in Japan the figure is closer to 70 percent. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key...

  • LANSING, Mich.— Michigan's high school graduation requirements would become more flexible and include a mandatory career readiness course under a series of recommendations and moves announced Monday by Gov. Rick Snyder, who said more must be done to help students fill in-demand jobs in the trades. The Republican-governor's announcement came about three...

  • The co-founder of a Massachusetts pharmacy sentenced to nine years in prison for a nationwide meningitis outbreak that killed 76 people and sickened hundreds more must report to prison by early August. Barry Cadden was acquitted of second-degree murder charges under federal racketeering law but was convicted of conspiracy and fraud charges.

  • *Takata files for protection in Japan, U.S. *Liabilities estimated by analysts at $15 bln. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key...

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. TK Holdings, its U.S....

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • TOKYO, June 26- Japanese airbag maker Takata Corp has filed for bankruptcy protection in the United States and Japan. The company says it is facing between $10 billion and $50 billion in liabilities from almost a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle...

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • BOSTON— The co-owner of a pharmacy responsible for the deaths of 76 people was sentenced Monday to nine years in prison after he tearfully apologized to victims who described watching their loved ones die or enduring excruciating physical pain from a 2012 nationwide fungal meningitis outbreak caused by contaminated steroids. "I am so sorry for your...

  • Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S. on Monday, saying it was the only way to ensure it could carry on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people. Most of Takata's assets will be bought by rival Key Safety Systems, a Chinese-owned company based in suburban...