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Top News & Analysis Michigan

  • CANNON BALL, N.D., Feb 22- All but a few dozen of the last holdouts from a months-long mass protest against a proposed oil pipeline in North Dakota peacefully vacated their riverside camp as an eviction deadline passed on Wednesday. "We've very firm that the camp is now closed," Governor Doug Burgum, a Republican, told an evening news conference. The encampment has...

  • Police arrested a handful of protesters who confronted them with taunts late in the day outside the camp entrance, then retreated as tensions mounted in the standoff, about 40 miles south of Bismarck, the state capital. Republican Governor Doug Burgum and the U.S. Army Corps of Engineers had set a 2 p.m. CST deadline for protesters to leave the Oceti Sakowin camp,...

  • TOKYO— Carlos Ghosn, who leads Nissan and Renault, has tapped Hiroto Saikawa, a veteran Japanese executive at Nissan, to replace him as chief executive at the Japanese automaker, although Ghosn will stay on as chairman. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which...

  • GRAND RAPIDS, Mich. _ Spartan Stores Inc. on Wednesday reported fourth-quarter earnings of $12.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Spartan Stores expects full-year earnings in the range of $2.26 to $2.35 per share.

  • CANNON BALL, N.D., Feb 22- A few dozen demonstrators opposed to the Dakota Access pipeline defied a Wednesday deadline to leave a protest camp they have occupied for months to demand an end to construction of the project, saying they were prepared to be arrested. President Donald Trump has pushed for the completion of the multibillion-dollar pipeline since he...

  • GRAND RAPIDS, Mich. _ Universal Forest Products Inc. on Wednesday reported fourth-quarter earnings of $20.8 million. On a per-share basis, the Grand Rapids, Michigan- based company said it had profit of $1.02. Keywords: Universal Forest Products, Earnings Report.

  • DETROIT— Unable to string together profitable quarters, electric car and solar cell maker Tesla Inc. reported a loss for the last three months of 2016.. Instead, the company lost $121.3 million, or 78 cents per share, for the quarter. Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion.

  • Caterpillar Inc., United Technologies Corp., Dana Inc., 3 M Co., Timken Co. and General Electric Co., are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. The six firms are part of the Manufacturing Jobs Initiative, a White House advisory council created to help Trump deliver on his promise to...

  • Caterpillar Inc., United Technologies Corp., Dana Inc., 3 M Co., Timken Co. and General Electric Co., are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. The six firms are part of the Manufacturing Jobs Initiative, a White House advisory council created to help Trump deliver on his promise to...

  • Lexus and Porsche tied for the top spot, leading all brands for dependability in the survey released Wednesday by the consulting firm J.D. Power. That's four problems higher than last year and the highest number since J.D. Power changed scoring methods in 2015.. Toyota, Buick and Mercedes-Benz rounded out the top five most dependable brands, while Fiat, Jeep and...

  • Aetna will spend $3.3 billion to buy back more than 20 million shares of its stock after the health insurer's board authorized more repurchases last week. Aetna will pay each dealer $1.65 billion and is using available cash to fund the deals. That announcement came a few days after Aetna called off its roughly $34 billion acquisition of Medicare Advantage...

  • ANN ARBOR, Mich. _ Esperion Therapeutics Inc. on Wednesday reported a loss of $29 million in its fourth quarter. Esperion Therapeutics shares have increased 95 percent since the beginning of the year. Keywords: Esperion Therapeutics, Earnings Report.

  • ROCKFORD, Mich. _ Wolverine World Wide Inc. on Wednesday reported a fourth-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Six analysts surveyed by Zacks expected $713.5 million.

  • *Liaoning is China's only province with shrinking economy. A new exhibition center has just opened its doors in the city, the capital of Liaoning province in northeastern China, and the skyline is dotted with cranes working on high-end shopping malls and apartments. After years of investment in infrastructure, some of it encouraged by the central government,...

  • MONROE, Mich. _ La-Z-Boy Inc. on Tuesday reported fiscal third-quarter net income of $23.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. La-Z-Boy shares have fallen 5 percent since the beginning of the year.

  • FARMINGTON HILLS, Mich. _ Ramco-Gershenson Properties Trust on Tuesday reported a key measure of profitability in its fourth quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 34 cents per share. Eight analysts surveyed by Zacks expected $65.4 million.

  • CALGARY, Alberta, Feb 21- Part of the shut Enbridge Inc 2 A pipeline will need to be drained for several days, Canada's National Energy Board said on Tuesday, without giving an estimation of when it will be back online. The 959- km pipeline, which transports light crude as well as condensate between Edmonton and Hardisty in the province of Alberta, was shut following a...

  • NORTHVILLE, Mich. _ Gentherm Inc. on Tuesday reported fourth-quarter earnings of $26 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Gentherm shares have risen 5.5 percent since the beginning of the year.

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...

  • DETROIT— BMW AG is recalling more than 19,000 i3 REx plug-in hybrids in the U.S. because they could develop a fuel vapor leak that would increase the risk of a fire. BMW says a fuel tank vent line may rub against the sleeve of a battery cable. BMW will notify owners and replace the fuel vent line for free.