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Top News & Analysis Michigan

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  • Michigan jobless rate drops 0.1 points to 9.3 pct. Thursday, 18 Oct 2012 | 9:56 AM ET

    LANSING, Mich.-- Authorities say Michigan's seasonally adjusted unemployment rate fell 0.1 percentage point in the latest month to 9.3 percent. The Michigan Department of Technology, Management and Budget released the September jobless figures Wednesday.

  • Fifth Third 3Q net income falls on charges Thursday, 18 Oct 2012 | 7:52 AM ET

    Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.

  • Southwest posts small profit after weak September Thursday, 18 Oct 2012 | 7:24 AM ET

    Southwest Airlines eked out a small third-quarter profit in spite of a September slowdown, the company said on Thursday. Southwest has been using a mix of fare increases and sales to try to get its prices to a level that travelers will pay.

  • GM wins dismissal of lawsuit over Einstein image Thursday, 18 Oct 2012 | 12:43 AM ET

    DETROIT-- A federal judge in California has dismissed a lawsuit challenging the use of Albert Einstein's image in a magazine ad by General Motors. The Detroit News says the Hebrew University of Jerusalem filed the lawsuit against GM. Information from: The Detroit News, http://detnews.com/.

  • Michigan Senate sends Blue Cross overhaul to House Wednesday, 17 Oct 2012 | 7:03 PM ET

    In exchange for operating as the state's so-called insurer of last resort _ meaning it must provide insurance coverage regardless of a customer's health status _ Blue Cross has been exempt from paying several local and state taxes.

  • Stryker pares net income guidance for 2012 Wednesday, 17 Oct 2012 | 5:49 PM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. cut its 2012 net income forecast on Wednesday and issued a disappointing outlook for 2013, pointing to weak sales of equipment and the sluggish economy in Europe. "We expect market conditions to remain challenging in Europe and for capital equipment," President and CEO Kevin Lobo said in a press release.

  • Big Bird costumes hot sellers for Halloween Wednesday, 17 Oct 2012 | 3:28 PM ET

    NEW YORK-- Can't figure out how to dress as a binder full of women for Halloween? The Yellow One is flying off the shelves after Mitt Romney's threat to do away with government support for PBS.

  • Coe loses appeal in Miss. telemarketing scam Wednesday, 17 Oct 2012 | 10:25 AM ET

    JACKSON, Miss.-- A federal appeals court has upheld the more than 14- year sentence George Coe Jr. received for his role in a telemarketing scam case in Mississippi. Prosecutors said the scam netted tens of thousands of dollars from victims in California, Illinois, Kansas, Maryland, Michigan, Mississippi, New Hampshire and Vermont.

  • FACT CHECK: Stumbles in latest presidential debate Wednesday, 17 Oct 2012 | 9:23 AM ET

    Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't.

  • Michigan Senate panel approves Blue Cross bills Wednesday, 17 Oct 2012 | 9:05 AM ET

    LANSING, Mich.-- The state Senate is poised to consider a proposed overhaul of Blue Cross Blue Shield of Michigan after legislation was approved by a committee. The legislation would end Blue Cross' tax-exempt status and change the health insurer from a charitable trust to a customer-owned nonprofit.

  • Texas landowners take a rare stand against Big Oil Wednesday, 17 Oct 2012 | 3:19 AM ET

    SUMNER, Texas-- Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. In the minds of some landowners approached by TransCanada for land, the company has broken the code.

  • University of Phoenix closing 115 locations Tuesday, 16 Oct 2012 | 5:29 PM ET

    Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix.

  • Hunters: 4 wolves killed in Wisconsin in 24 hours Tuesday, 16 Oct 2012 | 3:32 PM ET

    MADISON, Wis.-- Hunters shot and killed at least four wolves in the opening 24 hours of Wisconsin's first organized wolf hunt, the state Department of Natural Resources said Tuesday. Another hunter in Vilas County took a female at 8:30 a.m. A third hunter killed a female at 4:30 p.m. in Iron County and a fourth killed a male at 6:15 p.m. in Eau Claire County.

  • Stryker to buy Surpass Medical for at least $100M Tuesday, 16 Oct 2012 | 2:30 PM ET

    KALAMAZOO, Mich.-- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.

  • Bettman, NHL make new offer in hope of full season Tuesday, 16 Oct 2012 | 1:38 PM ET

    TORONTO-- The NHL has made a new offer to the players' association that proposes a 50-50 split of hockey-related revenue and a full 82- game season starting Nov. 2. When asked if the new proposal was an improvement over previous offers made by the NHL, Fehr said: "In some respects I think it is.

  • Division series' TV ratings down from last year Tuesday, 16 Oct 2012 | 11:18 AM ET

    NEW YORK-- Television ratings for baseball's division series are down from last year. Its two division series broadcasts _ Game 2 of Detroit- Oakland and Game 3 of St. Louis- Washington _ averaged a network-record 1.2 million viewers, whereas two afternoon games on TBS last season averaged nearly twice that. TBS is a unit of Time Warner Inc..

  • LaHood: Detroit area must 'get its act together' Tuesday, 16 Oct 2012 | 10:40 AM ET

    Transportation Secretary Ray LaHood says he's ready to start funding a light rail passenger line and fast bus lines in the Detroit area if state and regional officials can finally work together on ending the metro area's status as the nation's largest without mass transit.

  • GM to start producing electric Cadillac in 2013 Tuesday, 16 Oct 2012 | 10:02 AM ET

    DETROIT-- General Motors says production is set to begin late next year on a luxury version of its Chevrolet Volt hybrid. The automaker said Tuesday the Cadillac ELR will be assembled at the Detroit-Hamtramck Assembly plant.

  • Battery maker A123 files for bankruptcy protection Tuesday, 16 Oct 2012 | 9:52 AM ET

    DETROIT-- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.

  • Wis. wolf hunt begins; groups file intent to sue Tuesday, 16 Oct 2012 | 8:45 AM ET

    MADISON, Wis.-- Wisconsin's first organized wolf hunt got under way Monday even as animal welfare advocates demanded federal officials return Great Lake wolves to the endangered species list. Mark Dahms, a 54- year-old electrician from Waukesha in suburban Milwaukee, was one of 1,160 people to win the right to buy a license through a state lottery.