CNBC's Power House takes a look at Detroit, Michigan with a focus on the township of Orion. Jenilynn Estereicher of Century 21 Town & Country has the details.» Read More
*Lawmakers seek tighter regulation of compounding companies* Outbreak has sickened 138 people in 11 states, killed 12* Senator Brown to return contributions from NECC owners By Tim McLaughlin and Toni Clarke.
By Tim McLaughlin and Toni Clarke. BOSTON, Oct 10- A Massachusetts specialist pharmacy linked to a company at the center of a major health scare closed temporarily on Wednesday and a state regulator clamped down on such operations in the wake of a meningitis outbreak that has claimed a dozen lives.
BATTLE CREEK, Mich.-- Kellogg Co. reaffirmed its full-year earnings guidance on Wednesday, saying that strong performance from its recently acquired Pringles brand offset costs for the anticipated costs a recent recall of Mini-Wheats cereal. Kellogg expects to earn between $3.18 and $3.30 per share for the year.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.
NEW YORK, Oct 10- Flagstar Bancorp Inc had to know by 2009 that hundreds of loans it originated didn't meet underwriting guidelines when it sold $900 million in mortgage-backed securities to investors, a lawyer for a bond insurer said on Wednesday.
NASHVILLE, Tenn., Oct 10- Pressure mounted for greater regulation of a little known corner of the pharmaceuticals industry in response to a meningitis scare that widened to 11 states on Wednesday with the first case confirmed in Idaho.
WABASH, Ind.-- An energy drink maker is planning a $25 million expansion that's expected to bring up to 200 new jobs to a northern Indiana city. Living Essentials, the producer of 5- hour ENERGY, announced Wednesday it would build and equip a plant in Wabash with a total of 1 million square feet to be added in phases.
DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.
Oct 10- Eighteen more people have contracted meningitis from potentially tainted steroid injections, and a death was officially confirmed in Florida, bringing the total number killed to 12, the Centers for Disease Control said on Wednesday.
MADISON, Wis.-- For years, vacationers and farmers across northern Wisconsin and Minnesota have heard the eerie howl of the gray wolf and fretted the creatures were lurking around their cabins and pastures, eying up Fido or Bessie.
ALLEGAN, Mich.-- Perrigo Co., which makes store-brand over-the-counter drugs and infant formulas, said Wednesday that it received approval from the U.S. Food and Drug Administration to market an over-the-counter nicotine product similar to Nicorette mini lozenges.
WASHINGTON-- Four years ago, Joe Biden was careful not to appear overly aggressive in his vice presidential debate with Sarah Palin, then a newcomer to the national stage. Now, as he prepares to debate Paul Ryan, a 14- year House veteran and the top Republican budget writer, Biden is less concerned about looking like a bully.
*May take to early Nov. to identify all stricken in Tennessee. Oversight committees in both the Senate and House hope to learn more about the outbreak before Oct. 12 from staff members of the Food and Drug Administration and the CDC, aides said.
Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday.
DETROIT-- Members of the Detroit City Council are expected to receive an update on efforts to balance the city's budget and fix its fiscal troubles. The council's Budget, Finance and Audit Standing Committee has scheduled a discussion Wednesday afternoon at City Hall on the monthly report of the Financial Stability Agreement with the state.
Oct 10- U.S. safety regulators warned consumers Wednesday that their repaired vehicles may contain air bags that fail to inflate during an accident. Only vehicles that had an air bag replaced over the past three years- by repair shops that are not part of new-car dealerships- may be at risk, the National Highway Traffic Safety Administration said.
Oct 10- U.S. safety regulator on Wednesday issued a warning to consumers with repaired vehicles that they may have air bags that don't inflate in an accident. The National Highway Traffic Safety Administration said testing revealed the problem involving the sale of counterfeit air bags for use as replacement parts in vehicles involved in crashes.
*US safety regulator issue warning to consumers regarding possible counterfeit. air bags used as relacement parts in cars involved in accidents. *Nhtsa says counterfeit replacement air bags may not deploy or expel metal.
On Tuesday, the outbreak claimed four more lives and Florida became the latest state to report at least one death linked to the illness in a widening health scare.