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Cobo in downtown Detroit getting $3.4M streetscape upgrade

 John T. Greilick / The Detroit News, file

Detroit — Cobo Center is getting a $3.4 million upgrade to its Washington Boulevard side designed to improve traffic flow and upgrade the streetscape. More

$8M in tax credits approved for Midtown development

The 'Hammer and Nail' once housed the offices of a carpenters' union, thus the neon signs. Elizabeth Conley / The Detroit News

Plans advanced Tuesday to raze a Woodward Avenue building in Midtown commonly called the 'Hammer and Nail' because of its neon signs showing a hammer striking a nail on top of the 12-story tower. More

Detroit lands U.S.-backed light metals research center

Mayor Mike Duggan announced Wednesday that a $148 million lightweight metals manufacturing institute will locate in Detroit. Charles V. Tines / The Detroit News

A $148 million lightweight metals manufacturing institute will locate in Detroit — not Canton Township — Mayor Mike Duggan and the University of Michigan announced today. More

5 ways to protect yourself from identity theft

It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency, which operates 2,900 stores in the U.S. More

Women business owners face gender gap, report says

New York — Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday. More

Police detain employees of meat company accused of selling expired meat to McDonald's, KFC

Workers gather while they have nothing to do at the workshop of Shanghai Husi Food Co., a meat supplier for McDonald and KFC, in Shanghai, China. A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday, July 22 and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets. Pei Xin / AP

Beijing — Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier. More

Delta 2Q profit rises 17%

In this May 15, 2014 photo, a Delta Air Lines Boeing 757-232 lands at Tampa International Airport in Tampa , Fla. Delta reports quarterly financial results on July 23, 2014. Chris O'Meara / AP

Atlanta — Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined. More

Dow Chemical 2Q profit drops, revenue rises

Midland — Dow Chemical's second-quarter net income slid 62 percent as the prior-year period benefited from a $2.16 billion payment related to a scrapped joint venture. More

Whirlpool 2Q profit falls 9.6%

Benton Harbor — Whirlpool Corp. on Wednesday reported net income that declined by 9.6 percent in its second quarter, and missed analysts' expectations. More

Lansing Board of Water & Light reappoints leader

Lansing — The Lansing Board of Water & Light has reappointed J. Peter Lark as general manager despite criticism about the utility's response to a December ice storm that left some customers without power for more than a week. More

Donald Trump to break ground for new DC hotel

Washington — Donald Trump hopes to bring his signature brand of glitz to the nation's capital with a new luxury hotel in the city's third-tallest building. More

California firm issues nationwide fruit recall

Cutler, Calif. — A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concerns of possible listeria contamination. More

Thirst for U.S. craft beer grows overseas

Stone Brewing Co. CEO and Co-founder Greg Koch, center, after announcing Saturday the plan to build a brewery and bistro in Berlin. Frederik Ferschke / AP

Helping to quench a growing thirst for American craft beer overseas, some of the United States' largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their home turfs. More

Gov. Snyder, ex-Treasury chief urge closer ties between Michigan, China

Gov. Rick Snyder, left, and former Treasury Secretary Henry Paulson Jr. participate in a panel discussion hosted by the Detroit Economic Club. Charles V. Tines / The Detroit News

Gov. Rick Snyder and former Treasury Secretary Henry Paulson Jr. teamed up Monday to emphasize why Michigan should continue to forge closer economic ties to China, in a panel discussion hosted by the Detroit Economic Club. More

U.S. job-training review emphasizes data, employers

Flanked by members of Congress U.S. President Barack Obama signs the H.R. 803, the Workforce Innovation and Opportunity Act. during an event in the Eisonhower Executive Building, July 22 in Washington, D.C. Mark Wilson / Getty Images

Washington — As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. More

Ann Arbor businessman being honored by White House

Ann Arbor — The White House is honoring an Ann Arbor businessman with a Champions of Change award. More

Domino's Pizza 2Q profit rises 16%

Ann Arbor — Domino's Pizza Inc. (DPZ) on Tuesday reported net income that increased by 16 percent in its second quarter, and topped analysts' expectations. More

Goodwill, feds investigate possible security breach

New York — Nonprofit organization Goodwill Industries Inc. is working with federal officials to investigate a possible security breach. More

Comcast 2Q earnings top views on Internet hookups

Comcast Corp. reports quarterly financial results before the market opens July 22, 2014. Gene J. Puskar / AP

Philadelphia — Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. More

US home sales increase 2.6% in June

The National Association of Realtors reports on existing-home sales in June on July 22, 2014. Michael Dwyer / AP

Washington — Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum. More

China meat scandal hits Starbucks, Burger King

Customers have a meal at a McDonald's restaurant in Tokyo, July 22, 2014. McDonald's Corp. said Tuesday its restaurants in Japan stopped using chicken from the Shanghai company Husi Food Co. McDonald's said Husi provided about 20 percent of the meat of expired chicken used in its chicken nuggets in Japan. Shizuo Kambayashi / AP

Beijing — A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets. More

U.S. consumer prices up 0.3% in June

In this June 4, 2014, photo, Baltazar Rosado, of Hollywood, Fla., pumps gasoline into his car at a Chevron gasoline station in Pembroke Pines, Fla. The Labor Department reports on U.S. consumer prices in June on July 22, 2014. Wilfredo Lee / AP

Washington — U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year. More

Verizon 2Q profit rises 93%

New York — Verizon is reporting that its second-quarter earnings nearly doubled after securing full ownership of Verizon Wireless. More

McDonald's profit slips; U.S. sales decline

McDonald's Corp. reports quarterly financial results before the market opens on July 22, 2014. Mark Lennihan / AP

Oak Brook, Ill. — McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. More

AK Steel cites 'strategic benefits' in buying Severstal's Dearborn operation

The SeverStal Steel plant, formerly Rouge steel. John T. Greilick / The Detroit News

Russian steelmaker Severstal OAO said Monday it is selling its Dearborn unit formerly known as Rouge Steel to an Ohio company for $700 million as it exits North America. More

Ilitches reveal plans for Detroit's new 'sports and entertainment' district

The home arena for the Detroit Red Wings would be among the five 'new neighborhoods' with hundreds of new apartments, offices and other mixed-use retail that could open by summer 2017, according to the billionaire family that controls much of the land. More

Chris Ilitch defends use of tax subsidies for $650M entertainment district

Christopher Ilitch, president of a billion-dollar empire founded by his parents, defended his family's use of tax subsidies for their $650 million, 45-block development plan as well their decision to keep some of their downtown properties vacant for years. More

Likelihood of a pricier mortgage discourages people from selling

Ryan Carson and wife Jenny work in the kitchen of their four-bedroom Seattle home. Daughter Clara will soon have two siblings and a nanny is moving in so they could use more space, but with a 3.85 percent mortgage rate, they plan to stay put and remodel instead. Ted S. Warren / AP

Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. More

U.S. companies report rising sales, employment in 2Q

Detroit — Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics. More

McDonald's, KFC in China face new food scandal

Workers produce food at the Shanghai Husi Food Co., a factory of U.S. food provider OSI Group, in Shanghai on July 20, 2014. Shanghai city officials have closed the factory for selling out-of-date meat to restaurant giants including McDonald's and KFC, authorities said on July 21 in China's latest food safety scandal. Getty Images

Beijing — McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken. More

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