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Top News & Analysis Michigan

  • DETROIT, June 20- Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down on Oct. 1 after 13 years as chief executive and will be replaced by the firm's current chief operating officer, Marc Bitzer. "Jeff has done an exceptional job over a long and successful career," said Robert Wetenhall, an analyst at RBC Capital...

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co said on Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.- China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America,...

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co said on Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.- China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America,...

  • DETROIT, June 20- Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down as chief executive on Oct. 1 and will be replaced by the firm's chief operating officer, Marc Bitzer.

  • SAN FRANCISCO— Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. The San Francisco company will continue to collect part of ride-cancellation fees, as well as the waiting-time charges. The tipping option, long available in the app of rival...

  • MONROE, Mich. _ La-Z-Boy Inc. on Tuesday reported fiscal fourth-quarter profit of $28 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. La-Z-Boy shares have fallen 16 percent since the beginning of the year.

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co said Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.- China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America,...

  • SAN FRANCISCO— Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. The San Francisco company will continue to collect part of ride-cancellation fees, as well as the new waiting-time charges. The tipping option, long available in the app of...

  • DETROIT/ WASHINGTON, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. Discussion about the small-car production shift from Mexico to China began "a couple months ago" under Fields, said Joe...

  • DETROIT— A federal judge has approved a $6.5 million settlement in a wage dispute involving 28,000 current or former exotic dancers at a chain of clubs operating in 18 states. The class-action lawsuit accused Deja Vu- affiliated clubs of violating wage laws by treating nude or topless dancers as independent contractors who had to pay a fee to perform, instead of...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. Discussion about the small-car production shift from Mexico to China began "a couple months ago" under Fields, said Joe Hinrichs,...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, the company said on Tuesday. The redesigned Focus for North America will be built at a joint-venture plant in Chongqing, China, Hinrichs said. President Donald Trump had criticized Ford for shifting...

  • DETROIT— Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019.. Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. Ford's president of global operations Joe Hinrichs said the move to China will save the company $1 billion,...

  • DETROIT, June 20- Ford Motor Co will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, the company said on Tuesday. The redesigned Focus for North America will be built at a joint-venture plant in Chongqing, China, Hinrichs said. Earlier this year, Ford canceled plans for a new $1.8- billion...

  • DETROIT— A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and lawyers suing the company. Takata Corp. and its U.S. operations are likely to seek bankruptcy protection by the end of June in a...

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • DETROIT, June 19- United Parcel Service Inc said on Monday it will levy surcharges on U.S. residential packages during its crucial peak holiday season this year as it seeks to combat the spiraling costs of delivering e-commerce packages. Atlanta- based UPS, the world's largest shipping company, said residential packages, large packages and those exceeding...

  • MACKINAW CITY, Mich.— Enbridge says a second oil pipeline beneath the Straits of Mackinac in northern Michigan has passed a pressure test required in a Justice Department agreement following a 2010 oil spill in southwestern Michigan. Enbridge said in a statement Sunday that it's "pleased with the validating results of this very significant test."

  • MELBOURNE, June 19- London copper traded little changed on Monday as broader financial markets gave no directional cues, with the potential for inventory builds as the monthly prompt date comes due potentially keeping a lid on prices. *Shanghai Futures Exchange copper eased 0.2 percent to 45,500 yuan a tonne. Prices have been pressured by expectations of more...