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Holder: Execs accountable for company wrongdoing

Holder Susan Walsh / AP

The Justice Department sent a warning to major corporations Wednesday, saying it will seek out individual corporate wrongdoers and not just blame the company. More

Dow closes at record after Fed keeps rates intact

Specialist Jason Hardzewicz, left, and trader Michael Zicchinolfi work on the floor of the New York Stock Exchange Wednesday. The Dow rose 24 points, or 0.2 percent, to close at 17,156 Wednesday, surpassing its previous high from July by 18 points. Richard Drew / AP

New York — The stock market rose Wednesday after the Federal Reserve told investors to expect low interest rates for a while yet, pushing the Dow Jones industrial average to a record high. More

More taxpayer money may be on line for Red Wings arena bonds

Cross-section of the arena concept for the $450 million new home for the Detroit Red Wings . Dennis Allain Renderings

Bonds to build the $450 million new arena for the Detroit Red Wings were approved by the state Wednesday, but Wall Street jitters about the city's bankruptcy means more taxpayer money may be on the line than originally intended, documents shows. More

Business elite woo former Detroiters

Gov. Rick Snyder talks with an attendee of Wednesday's business outreach.outreach to ex-Detroiters.(Caption info) Mich. Gov., Rick Snyder talks to attendees of Wednesday's events. Photos of the dinner for Detroit Homecoming, an outreach program to former Detroit area and Michigan residents at David Whitney Building in Detroit on Wednesday, Sept. 17, 2014. (Elizabeth Conley/The Detroit News) 2014 Elizabeth Conley / The Detroit News

Gov. Rick Snyder was among a local A-list movers and shakers who came out Wednesday night to woo an A-list group of movers and shakers with ties to Detroit but like so many went elsewhere to succeed. More

Disappearing workers push Michigan's August jobless rate down to 7.4%

Overall for the past 12 months, the number of workers in the state holding jobs has increased by 91,000, and unemployment decreased by 74,000, indicating that 18,000 workers were added to the state labor force. David Coates / Detroit News

Michigan's unemployment rate dropped by nearly half a point during August, falling from 7.7 percent to 7.4 percent. The number of unemployed workers dropped by 16,000 while the number of men and women holding jobs increased by 4,000. More

Fed signals plan to keep key rate at record low

A television screen on the floor of the New York Stock Exchange shows the decision of the Federal Reserve Sept. 17, 2014. Richard Drew / AP

Washington — The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar. More

Pizza Hut testing 'skinny slice'

Pizza Hut is testing out a lighter pizza in two U.S. markets as it seeks to freshen up its menu and regain its footing against competitors. Steven Senne / AP

New York — Pizza Hut is testing out a lighter pizza in two U.S. markets as it seeks to freshen up its menu and regain its footing against competitors. More

Meijer to pay $2M for selling recalled products

Washington — Midwest retailer Meijer Inc. will pay $2 million to settle charges that the firm knowingly sold and distributed hundreds of recalled products. More

Butterball turkeys trot to trough to add pounds for holidays

Thanksgiving in the U.S. promises to be more bountiful this year than last as Butterball LLC turkeys stuff themselves with feed to fatten up, boosting supplies of the holiday staple. More

Dow hits record; Fed rates stay low

A trader works on the floor of the New York Stock Exchange on Septemeber 15, 2014 in New York City. Andrew Burton / Getty Images

— The stock market got the reassurance it wanted from the Federal Reserve Wednesday. More

Kohl's holiday hiring to rise by 15 percent

New York — Kohl's Corp. plans to hire more than 67,000 seasonal workers nationwide for the holiday shopping season, which the company said is a 15 percent increase over last year. More

U.S. consumer prices fall 0.2% in August

Lance Thompson pumps gas into his truck at a Love's station in St. Joseph, Mo. U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. Sait Serkan Gurbuz / AP

Washington — U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control. More

U.S. homebuilder confidence soars in September

A crane lifts a load of drywall as construction is under way at a housing development in Zelienople, Pa. The National Association of Home Builders reports on sentiment among U.S. builders on Wednesday, Sept. 17, 2014. (AP Photo/Keith Srakocic) Keith Srakocic / AP

U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years. More

FedEx to add 50,000 seasonal jobs

Mitchell Rodgers loads packages into his delivery truck at the FedEx Express station in Nashville, Tenn. FedEx says it plans to hire more than 50,000 extra workers to handle another record year for holiday-season package deliveries. Mark Humphrey / AP

Memphis, Tenn. — FedEx plans to hire more than 50,000 extra workers to handle another record year for holiday-season package deliveries. More

$450M Red Wings arena to keep away topless clubs, other businesses

This week, Olympia Development, the real estate arm of Red Wings' owner Mike Ilitch, seeks final zoning approval from both the Detroit's Downtown Development Authority and City Council.

Details of the $450 million new home ice for the Wings outline everything from the footprint of the arena, to the number of residences that could be around it and types of businesses not wanted in the area — topless clubs, bail bonds or tarot card readers, to name a few. More

Metro Detroit economy rises 1.3% in '13, below national average

Manufacturing of long-time purchases such as cars accounted for nearly a quarter of the rise in Metro Detroit's economic output last year. David Coates / The Detroit News

Metro Detroit's economic output in 2013 fell below the national average, rising just 1.3 percent to $224.7 billion. More

Reality saps drama out of Detroit bankruptcy

 Brandy Baker / The Detroit News

A court-appointed financial expert asked to assess whether the city's restructuring plan is 'feasible' concluded Monday that it is, marking another critical turn in Detroit's effort to negotiate successfully the largest municipal bankruptcy in American history. More

Michigan's uninsured rate drops to 11%

Michiganians without health insurance fell to 1.07 million or 11 percent in 2013 from 1.11 million or 11.4 percent in 2012, according to a sample of residents surveyed by the Census Bureau. LM Otero / AP

Michigan's ranks of the uninsured declined last year and are likely to decline again, according to experts and data released Tuesday by the U.S. Census Bureau. More

Consumers Energy to upgrade five power plants in federal settlement

Washington — Consumers Energy, the second-largest utility in Michigan, will spend $1 billion to upgrade pollution controls at five coal-fired powered plants in the state under a settlement reached with the Justice Department on Tuesday. More

UPS to hire up to 95K seasonal workers

UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season. David Goldman / AP

Atlanta — UPS plans to hire up to 95,000 workers to help deliver packages during the busy holiday season — an increase from last year, when the company was caught unprepared for a boom in online shopping. More

Social Security resumes mailing benefit statements

The Social Security Administration has resumed mailing statements to workers letting them know the estimated benefits they will get when they retire. Patrick Semansky / AP

Washington — The Social Security Administration has resumed mailing statements to workers letting them know the estimated benefits they will get when they retire, the agency announced Tuesday. More

U.S. producer prices unchanged in August

In this April 15, 2014 photo, Glendy Vega inspects a blender container before final packaging at the Vitamix manufacturing facility in Strongsville, Ohio. Wholesale gas prices fell 1.4 percent last month and food costs dropped 0.5 percent, the Labor Department said Sept. 16, 2014. Mark Duncan / AP

Washington — A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check. More

Trump Plaza shuts down; 4th Atlantic City casino to close

In this July 24, 2014, photo, several lights are burned out in the illuminated facade of Trump Plaza Hotel Casino in Atlantic City N.J. Trump Plaza closed on Sept. 16, 2014, the fourth Atlantic City casino to go out of business so far this year. Wayne Parry / AP

Atlantic City, N.J. — Trump Plaza Hotel & Casino closed its doors early Tuesday, the fourth Atlantic City casino to go belly-up so far this year. More

House report blasts NHTSA for failing to spot GM ignition defect

 Steve Perez / The Detroit News

The National Highway Traffic Safety Administration made a series of critical mistakes and had 'ample information' that should have allowed the agency to discover General Motors' ignition switch defect linked to at least 19 deaths and 54 crashes, a congressional report released late Monday found. More

IKEA recalls swing because of breakage risk

New York — IKEA is recalling its Gunggung fabric swing because the suspension fitting that attaches the swing to its steel hooks could break, causing a fall that could injure a child. More

U.S. CEOs less optimistic about hiring, spending

Washington — Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter. More

Detroit City Council to get first look at Red Wings arena

The arena would be among the five 'new neighborhoods' with hundreds of new apartments, offices and mixed-use retail that could open by summer 2017, according to the Ilitch organization. ThreeSixty Architecture

Detroit — Architectural drawings of the $450 million new home ice for the Detroit Red Wings to be unveiled this week show plans for a huge state-of-the-art entertainment venue in a walkable neighborhood. More

Detroit Metro gets $5 million grant to improve taxiway

The Romulus airport is the 18th busiest airport in North America in terms of total passenger traffic. David Coates / The Detroit News

Washington — Detroit Metropolitan Airport will receive a $5 million federal grant to renovate its taxiway. More

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