Top News & Analysis Michigan

More

  • SOUTHFIELD, Mich. _ Credit Acceptance Corp. on Friday reported second-quarter profit of $84.9 million. Three analysts surveyed by Zacks expected $230.5 million. Credit Acceptance shares have fallen 16 percent since the beginning of the year.

  • WASHINGTON, July 29- New York state and nuclear power have never been best friends, but the state is expected to decide as soon as Monday on a proposed subsidy plan that could furnish the rest of the country with a model for saving a struggling industry while reducing carbon emissions. Five plants in states from Florida to California have shut since 2013 and many...

  • DETROIT— Tesla engineers told members of a Senate committee they are looking into the role cameras and radar played in the fatal crash of a Model S using self-driving mode, according to two people familiar with a meeting held Thursday. John Thune, R- S.D., whose committee oversees transportation and could hold a hearing on self-driving technology at a later date.

  • DETROIT, July 29- Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology. An online survey of more than 1,500 Americans in mid-July by AlixPartners found that overall consumer interest in self-driving dropped about...

  • DETROIT— Combi USA is recalling more than 39,000 car seats because they can transmit too much force to a child's chest in a crash. They were manufactured from Jan. 1, 2009 to June 29, 2016. Distribution of the covers started on July 11.

  • DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported second-quarter earnings of $71 million. American Axle expects full-year revenue of $4 billion. American Axle shares have dropped 12 percent since the beginning of the year.

  • MONROE, Mich. _ MBT Financial Corp. on Thursday reported second-quarter profit of $4.2 million. The bank holding company for Monroe Bank& Trust posted revenue of $14.8 million in the period. Keywords: MBT Financial, Earnings Report.

  • NOVI, Mich. _ Cooper-Standard Holdings Inc. on Thursday reported second-quarter earnings of $40.9 million. Cooper-Standard expects full-year revenue in the range of $3.4 billion to $3.43 billion. Cooper-Standard shares have risen 13 percent since the beginning of the year.

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported second-quarter profit of $9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HOLLAND, Mich. _ Macatawa Bank Corp. on Thursday reported second-quarter earnings of $3.7 million. The holding company for Macatawa Bank posted revenue of $16.1 million in the period. Keywords: Macatawa Bank, Earnings Report.

  • BLOOMFIELD HILLS, Mich. _ Taubman Centers Inc. on Thursday reported a key measure of profitability in its second quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 97 cents per share. Four analysts surveyed by Zacks expected $138.9 million.

  • DETROIT, July 28- Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. Ford's warning put at center stage a debate that has been running for months in Detroit about how much...

  • DETROIT, July 28- Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. Ford's warning put at center stage a debate that has been running for months in Detroit about how much...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.. TOKYO— Honda reports fiscal first quarter results.

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging. One of Britain's biggest car dealerships, Inchcape, predicted growth in new car registrations would fall. The 2016 impact of Brexit...

  • GRAND RAPIDS, Mich. _ Independent Bank Corp. on Thursday reported second-quarter profit of $6.4 million. Independent Bank shares have fallen 1 percent since the beginning of the year. Keywords: Independent Bank, Earnings Report.

  • BLOOMFIELD HILLS, Mich. _ TriMas Corp. on Thursday reported second-quarter earnings of $10.5 million. TriMas expects full-year earnings in the range of $1.22 to $1.30 per share. TriMas shares have climbed slightly more than 7 percent since the beginning of the year.

  • AUBURN HILLS, Mich. _ BorgWarner Inc. on Thursday reported second-quarter net income of $164.4 million. BorgWarner expects full-year earnings to be $3.16 to $3.32 per share. BorgWarner shares have declined 21 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 6 percent.

  • SOUTHFIELD, Mich. _ Lear Corp. on Thursday reported second-quarter net income of $282.4 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.35 per share. Five analysts surveyed by Zacks expected $4.85 billion.

  • JACKSON, Mich. _ CMS Energy Corp. on Thursday reported second-quarter net income of $124 million. CMS Energy expects full-year earnings in the range of $1.99 to $2.02 per share. CMS Energy shares have increased 24 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 6 percent.