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Top News & Analysis Michigan

  • NEW YORK, Oct 11- In July, investors gobbled up $1 billion of bonds from a financially-strapped Catholic hospital system in Illinois called Presence Health Network, even though it offered few contractual guarantees debt buyers typically require. The deal, rated just above junk status, is emblematic of a fever that has swept the $3.7 trillion U.S. municipal bond...

  • DETROIT/ BEIJING, Oct 10- Ford Motor Co's luxury unit Lincoln is studying whether to produce cars locally in China, the brand's China chief said on Monday, as its sales surge in the world's largest auto market. In the first three quarters of the year, Lincoln sales in China leapt 191 percent to about 21,000, Ford said. In September in China, GM sold about 12,500...

  • NEW YORK, Oct 11- In July, investors gobbled up $1 billion of bonds from a financially-strapped Catholic hospital system in Illinois called Presence Health Network, even though it offered few contractual guarantees debt buyers typically require. The deal, rated just above junk status, is emblematic of a fever that has swept the $3.7 trillion U.S. municipal bond...

  • Mandy Grunwald, an outside adviser to Clinton, urged Clinton's policy team in October 2015, just days before a Wall Street policy rollout, to consider endorsing a new version of the Glass-Steagall Act, according to an email reviewed by Reuters. Senator Elizabeth Warren of Massachusetts, an outspoken critic of Wall Street who is popular in the left wing of the...

  • WASHINGTON, Oct 10- Fiat Chrysler Automobiles NV and engine manufacturer Cummins Inc are fighting over the $200 million estimated cost for a recall of 130,000 Ram pickup trucks equipped with Cummins diesel engines that could exceed U.S. pollution limits. A lawyer for Fiat Chrysler, John Berg, said at a Sept. 23 court hearing in Detroit the recall could cost $200...

  • DETROIT, Oct 10- Ford Motor Co's luxury Lincoln brand nearly tripled its China sales in the third quarter to 8,546 vehicles, the company said on Monday. In the first three quarters of the year, Lincoln sales in China surged 191 percent to about 21,000, Ford said. In 2016 through September, GM has sold about 77,000 Cadillac vehicles in China, up 35 percent, more than...

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • SAN FRANCISCO, Oct 7- Illinois will bring $1.35 billion in general obligation refunding bonds to the municipal market next week, to take advantage of low U.S. interest rates ahead of December, when the Federal Reserve may hike rates. Illinois is the lowest-rated U.S. state but also its highest yielding, so the offer is expected to receive buyside interest from...

  • A spokesman said flights had resumed in Miami on Friday morning as the storm moved north. Delta Air Lines Inc canceled 240 flights for Friday, and 80 for Saturday for northeastern Florida, coastal Georgia and South Carolina. Ports in Florida and up the coast, including Savannah, Georgia, and Charleston, South Carolina, also suspended operations.

  • LONDON, Oct 7- It was almost exactly six years ago that Deutsche Bank canceled 100,000 tonnes of aluminum sitting in London Metal Exchange warehouses in Detroit. And now a U.S. judge has dismissed the last remaining legal action against Goldman Sachs, Glencore and JPMorgan and their respective Metro, Pacorini and Henry Bath warehousing companies.

  • LONDON, Oct 7- It was almost exactly six years ago that Deutsche Bank cancelled 100,000 tonnes of aluminium sitting in London Metal Exchange warehouses in Detroit. And now a U.S. judge has dismissed the last remaining legal action against Goldman Sachs, Glencore and JPMorgan and their respective Metro, Pacorini and Henry Bath warehousing companies.

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • LONDON, Oct 6- Japanese aluminium buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminium markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • MORAINE, Ohio, Oct 6- Chinese auto supplier Fuyao Glass Industry Group will complete a total of $1 billion in U.S. manufacturing investments by the end 2017, including about $500 million it has put into an automotive glass plant in Ohio, the company's chairman told Reuters. Ahead of the ceremonial opening of the Moraine, Ohio plant on Friday, Fuyao Chairman Cho Tak...

  • Oct 6- Wal-Mart Stores Inc rebuffed a proposal by U.S. prosecutors to pay at least $600 million to settle a corruption probe into the company's practices in markets including Mexico, India and China, Bloomberg reported, citing people familiar with the matter. Prosecutors have now gone back to seek more evidence about the company's alleged bribery in Mexico to...

  • Oct 6- Wal-Mart Stores Inc rebuffed a proposal by U.S. prosecutors to pay at least $600 million to settle a corruption probe into the company's practices in markets including Mexico, India and China, Bloomberg reported, citing people familiar with the matter. Prosecutors have now gone back to seek more evidence about the company's alleged bribery in Mexico to...

  • LONDON, Oct 6- Japanese aluminium buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminium markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • LONDON, Oct 6- Japanese aluminum buyers will pay a premium of $75 per tonne over the London Metal Exchange cash price for their shipments in the fourth quarter of this year. The settlement with producers, which will serve as the benchmark for Asian physical aluminum markets, marks a near 20- percent decline from the previous quarterly premium of $90- 93 per tonne...

  • Oct 6- Earnings at U.S. automakers are expected to decline in the next two years as negative pricing and lower production weigh on North America results, Goldman Sachs said, downgrading the sector to "cautious" from "neutral." "The US auto cycle peaked in 2015 and is currently being held at a plateaued level by increasing OEM incentives," analysts David Tamberrino and...

  • DETROIT, Oct 5- Ford Motor Co said on Wednesday new 2017 models of its best-selling F-150 pickup truck will improve fuel efficiency by 11 percent for four-wheel drive versions which use a 10- speed transmission jointly developed with rival General Motors Co.. The best-selling vehicle in North America since the mid-1970s, the F-150 four-wheel drive versions...