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
Oct 4- U.S. Labor Department report of initial state jobless benefit claims, seasonally adjusted. Initial Claims: Sept. 22 from 359,000. Mississippi 3,314 Ohio 1,975 Michigan 1,179.
NEW YORK, Oct 4- Lenders seized fewer U.S. homes in August, in part due to the rising popularity of alternatives to foreclosure, data analysis firm CoreLogic said on Thursday. There were 57,000 foreclosures completed in August, down from 58,000 in July and 75,000 a year ago, according to CoreLogic.
DETROIT, Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
The battle over Proposition 32 on the November ballot follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where efforts to dilute the strength of organized labor have produced political tumult, a flood of TV ads and widespread demonstrations.
DETROIT, Oct 3- The Dodge Dart, the model Chrysler is betting on becoming a top-selling small car, was among four new vehicles on the U.S. market to receive a top crash-test rating by an influential safety group on Wednesday.
MARSHALL, Mich.-- The U.S. Environmental Protection Agency on Wednesday told Enbridge Inc. that the pipeline company's massive 2010 oil spill in the Kalamazoo River system requires more cleanup work. The agency says it informed Enbridge more work is need upstream from the Ceresco and Battle Creek dams and Morrow Lake.
Oct 3- The outbreak of West Nile virus that has hit Texas and other states remains on pace to make 2012 the second-worst year on record for the disease in the United States, with another 424 cases and 16 deaths reported last week, government figures showed on Wednesday.
DETROIT-- Thirty-four Detroit Water and Sewerage workers who went on strike over pay cuts and the city's plan to downsize the department over several years have been suspended without pay and face firing.
BOSTON-- Phil Rymsha is turning away apple pickers and cider lovers from his northern Massachusetts orchard this fall because there simply aren't enough apples on his trees.
In Maine, New Jersey and North Carolina, officials have refused to allow new cyber-schools to open this year, citing concerns about poor academic performance, high rates of student turnover and funding models that appear to put private-sector profits ahead of student achievement.
*GM, Ford see soft truck sales; Toyota up 41.5 pct. DETROIT, Oct 2- U.S. auto sales last month posted their best showing in 4-1/ 2 years, helped by cheap financing, rising consumer confidence and a major rebound by Toyota Motor Corp.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
*Toyota, Honda see large sales gains. DETROIT, Oct 2- U.S. auto sales for September looked set to jump about 13 percent from a year ago, beating analyst estimates because of cheap financing, stronger consumer sentiment and rebounding sales from foreign automakers including Toyota Motor Corp.
DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.
DEARBORN, Mich.-- Ford Motor Co. said Tuesday that its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. BY THE NUMBERS: Ford sold a total of 174,976 vehicles last month, relatively flat compared with 175,199 in the same month last year.
Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.
U.S.-traded shares of Toyota Motor Corp. were slipped 22 cents to $76.85 although Japan's largest automaker said sales rose 42 percent. Honda Motor Co. sales rose 31 percent but its shares dropped a penny to $30.58. Nissan Motor Co. shares rose 11 cents to $16.84 although September sales declined by 1 percent.