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Business
Foreign investors upset by Detroit home salesThe sales pitch resonated during the depths of the recession: Detroit’s dirt-cheap housing represented “an amazing opportunity” and “an ethical investment.” More Mike Babcock urges state backing for new Wings arenaDetroit Red Wings head coach Mike Babcock urged the state government Tuesday to support plans to build a new hockey arena in downtown Detroit and vaguely referred to a development perhaps connected to it — a mall. More Grubb & Ellis files for bankruptcyCommercial real estate company Grubb & Ellis Co., which operates in Michigan and elsewhere, said Tuesday it has sought bankruptcy protection as part of a deal to sell most of its assets to the parent of rival commercial real estate services company Newmark Knight Frank. More 2 cancer drugs’ shortage easedFederal regulators said Tuesday that they have approved new suppliers for two crucial cancer drugs, easing critical shortages — at least for the time being — that have left patients and parents frightened about missing life-saving treatments. More Briefs: Credit card accounts rise 14% in 2011More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession. More Dow fleetingly breaks 13,000New York — It came and went in a flash, a number on a board for seconds at a time, but its symbolic power couldn’t be dismissed. More Revenue, union deal tied, American saysAmerican Airlines’ goal to find $1 billion in new annual revenue after leaving bankruptcy pivots on being able to win $2billion in labor and other cost reductions, Chief Commercial Officer Virasb Vahidi said. More Home sales jump more than 4% in JanuaryWashington— Home sales rose in January to the highest pace in nearly two years, flashing signs of health ahead of the spring-buying season. More Construction jobs rebound amid U.S. home remodeling pick-upConstruction hiring is picking up as Americans invest in renovating their homes amid signs that the worst of the housing-market declines may be over. More Firm founded by Bill Ford Jr. to invest in Wheelz Inc.A firm founded by Ford Motor Co. Executive Chairman Bill Ford Jr. is investing in a transportation start-up that connects students on college campuses with cars. More Fuller Brush files for bankruptcy protectionGreat Bend, Kan.— The Fuller Brush Man is calling ... on bankruptcy court. More It takes less to be a 1-percenter in Mich.In Michigan, where the Great Recession hit hardest, many in the top 1 percent of household income levels don’t feel especially elite. More Olga’s Kitchen consolidatesOlga’s Kitchen is leaving the downtown Birmingham location where it served its homegrown Greek-inspired fare for decades to focus on its newer nearby restaurant concept. More Obama selects Ford doctorA Henry Ford Health System doctor has been appointed by President Barack Obama to serve as a member of an advisory group on prevention, health promotion and integrative and public health, the Detroit-based health system said Monday. More Dr. Scholl’s energizing its imageDr. Scholl’s wants to massage its arthritic image. The 106-year-old company began airing TV ads Monday to recast its orthopedic shoe inserts as “energizing cushions” that help people live life to the fullest. More Briefs: Sony to debut hand-held game systemSony’s hand-held PlayStation Vita debuts in the United States and Europe on Wednesday, with a base price of $250. More Government seeks smaller role for Fannie, FreddieWashington — The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market. More Babcock urges state backing for new Wings arenaDetroit Red Wings head coach Mike Babcock expressed frustration today that the state government is not supporting plans to build a new hockey arena in downtown Detroit and vaguely referred to a development connected to it — a mall. More Oil jumps to 9-month high after Iran cuts supplySingapore -- Oil prices jumped to a nine-month high near $105 a barrel Monday in Asia after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country's nuclear program. More Is it OK to leave without a new job lined up? Probably notWhile the thought of quitting and telling off the boss can be appealing — and I mean home-baked-brownie appealing — it’s a terrible idea. And there are a number of reasons for that. More No joke: Teasing effective brand of office humorThe class clown may get in trouble, but the office wag may be the glue that makes a workplace stick together. More Simplified mortgage statements proposedWashington— Your monthly mortgage bill soon could get easier to understand, and it wouldn't change each time your loan is sold to a new servicer. More Scout your spring training trip to add bang to baseball bucksNothing stirs the blood of baseball fans quite like "pitchers and catchers report." A harbinger of the season, the words mean players are reporting for duty in Florida and Arizona and spring training is about to be in full bloom. More Makers of TAXACT software sued over credit that prompted penaltyLouisville, Ky. More Track your spending with help from online servicesMy approach to tracking my spending has traditionally been to wait for credit card bills to come, then (hopefully) pay them off. Three new online services promise to help you do a better job of tracking as you buy. More Pepsi CEO Indra Nooyi to speak in Grand Rapids amid ‘transitional year’Grand Rapids— PepsiCo CEO Indra Nooyi is set to speak at a meeting of the Economic Club of Grand Rapids. More Tame those out-of-control meetingsWe've all been there — trapped in staff meetings that seem longer than "Gone With the Wind." More Judge asked to dismiss lawsuit on health care claims taxThe state of Michigan is asking a Detroit federal court judge to dismiss a lawsuit filed in December by a trade group representing self-funded insurance plans who argued a new tax on health care claims is unconstitutional. More DTE to install 450K smart meters by 2013DTE Energy Co. said Monday it will install 450,000 more smart meters by the end of 2013 and this month will begin to install 120,000 of those meters in Ann Arbor and Washtenaw County. More Delicately ensure that not just boss notices contributionsQ: I have become very disillusioned with my manager. "Brian" and I worked well together as peers for several years, collaborating on a variety of successful projects, until a new CEO promoted me and demoted him. Recently, that CEO was replaced by a guy who worked with Brian 20 years ago. More |
Latest headlinesCandidates reiterate auto bailout opposition in GOP debateThe auto bailout and other economic issues dominated the start of the Republican candidates’ debate Wednesday night. More Repcom20120222..c3202220462.article.politics01NoLabel
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