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.
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.
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..
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.
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.
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.
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.
WALTHAM, Mass.-- A123 Systems says a default on some of its debt is likely and it may be heading for bankruptcy protection. There were enormous hopes for A123 when it went public three years ago and shares soared 50 percent to more than $20 on the first day. A123 also got a $249 million government grant to help it build a battery factory in Michigan.
DETROIT-- Ford is recalling more than 154,000 Fiesta subcompacts to fix a problem with the side air bags. The company says that if the front passenger seat is empty, the side air bag won't inflate to protect rear-seat passengers in some crashes. They were built in Mexico from Nov. 3, 2009 to Sept. 21, 2012.
ANN ARBOR, Mich.-- Domino's Pizza's fiscal third-quarter net income climbed 18 percent as sales improved in the U.S. and overseas. Domino's reported Tuesday that it earned $26 million, or 44 cents per share. For the period that ended Sept. 9, revenue increased 1 percent to $378.1 million from $376.3 million.
WITH HONORS: College savings plans offered through four states earned top marks from Morningstar in the company's annual update to ratings of so-called 529 plans. PRETTY GOOD: Four other plans earned silver-medal honors from Morningstar. Those 529 plans are sponsored by Arkansas, Michigan, Ohio and Virginia.
NEW YORK-- The American Civil Liberties Union accused Morgan Stanley of violating civil rights laws by encouraging a lender to push more expensive and risky mortgages on black neighborhoods in Detroit. Morgan Stanley said the allegations were "completely without merit."
NEW YORK-- THE LAWSUIT: Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely not to be repaid. Morgan Stanley says the allegations are without merit and that it will defend itself against the accusations.
Transportation Secretary Ray LaHood is expected to discuss regional transit and a proposed passenger rail system in Detroit during a meeting including area officials. Rick Snyder says the governor plans to meet with LaHood, Detroit Mayor Bing and others on Monday afternoon.
DEARBORN, Mich.-- AAA Michigan says gasoline prices have fallen roughly 14 cents during the past week to a statewide average of about $3.77 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Benton Harbor and Flint areas, where it's about $3.71 a gallon.
NEW YORK-- Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
DETROIT-- Amphibious vehicles could soon be zooming out of James Bond's garage _ or pond _ and into yours. Michigan- based Gibbs Sports Amphibians Inc. hopes to sell the vehicle worldwide by 2014.. It's sort of magic, "the founder of Gibbs Sports Amphibians, Alan Gibbs, told The Associated Press in a recent interview.
LOS ANGELES-- Federal regulators failed to pursue recalls after they found cadmium-tainted jewelry on store shelves, despite their vow to keep the toxic trinkets out of children's hands, an Associated Press investigation shows.
The U.S. House of Representatives' Energy and Commerce Committee called on the Massachusetts pharmacy board to tell congressional staff what it knew about the New England Compounding Center before the recall of more than 17,000 vials of injectable steroid treatments for back and joint pain from health facilities in 23 states.
WASHINGTON, Oct 12- The U.S. House of Representatives on Friday widened its investigation into the deadly meningitis outbreak to include the role health regulators played in monitoring the pharmacy that produced steroid treatments suspected of causing the crisis.