ERROR: Macro go4_globalsettings is missing! | Detroit Business | The Detroit News

You will be redirected to the page you want to view in  seconds.

Sponsored By:
The Detroit News

Atlantic City's Revel starts closing after 2 years

Hotel guests leave the lobby after checking out of Revel Casino Hotel in Atlantic City N.J. on Monday shortly before it shut down its hotel. The $2.4 billion resort failed after just over two years of operation. It is one of three Atlantic City casinos shutting down over the next two weeks. Wayne Parry / AP

— The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling began to play out Monday when the $2.4 billion Revel Casino Hotel emptied its hotel. More

Season ripe for Mich. apple growers; another bumper crop expected

The polar vortex was no match for Michigan's apple trees. The orchards emerged from arctic winter weather largely unscathed, and are celebrating with an abundant harvest predicted to rival last year's record-breaking haul. More

Bacon prices sizzle with demand

Danish bacon sells for $8.98 a pound at Marconda's. Cost has risen three times the rate of inflation since 2008. Jay L. Clendenin / MCT

Like his father and grandfather before him, butcher Lou DeRosa lifts thick slabs of bacon from the glass case at Marconda's Meats and wraps them for a waiting customer. More

Look past perks on credit cards


Store credit cards may offer some tempting perks, like 20 percent off your purchase when you apply for a card at the cash register. But lately, the interest rates on these cards, already steep, have been inching higher. More

O'Connor: Put the brakes on auto insurers' unfair practices

Head's up, Funny Money fans: In honor of the end of summer and start of a new school year, here's a pop quiz! Our topic? Your automobile insurance. More

Don't count on lenders to use new FICO scores

 Detroit News photo illustration

Lost in the news about how the most-used credit score brand, FICO, has changed its formula for calculating scores was an important fact: It won't matter, at least for a while. More

Credit card late payments take 2Q dip

Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar ratings. More

Mich.-based moving company gives young entrepreneur a lift

Jonathan Crain in 2007 made a career move from car sales to open a Two Men and a Truck franchise in central Florida. He now employs 36 people, and expects to reach gross revenues of $1.8 million this year. Stephen M. Dowell / MCT

Jonathan Crain had just driven 1,500 miles and was lugging heavy furniture up five flights of stairs when he developed a true appreciation for his moving-company workers. More

Working parents share kids' back-to-school stresses

 Stockbyte / Getty Images

Kareem Anguin gripped his daughter's hand and walked her through the bustling hallway to her first-grade classroom at Lincoln-Marti School in Miami. More

Key remedies for a rejected insurance claim

 Digital Stock

Keep calm and take notes. Stay true to this principle and you can improve your odds of successfully fighting a health insurer's claim rejection. More

Enlist some help getting acclimated to corporate ranks

Q: After accepting a position in my company's corporate office, I have found that I'm not very comfortable here. In engineering, where I previously worked, everyone was much less formal and communication was more direct. But this environment seems to require some special interpersonal skills. More

Bell's Upper Hand Brewery set to be toast of Escanaba

State-of-the-art brewing equipment is ready to begin producing keg and bottled beer for the new Upper Hand Brewery. Jenny Lancour / AP

The new Upper Hand Brewery, recently constructed in Escanaba, is looking to start making beer next month, according to the president of Bell's Brewery Inc. More

Jersey shore retailers bask in post-Sandy recovery

Belmar, N.J. — Good weather and greater awareness that the Jersey shore has made huge strides in recovering from Superstorm Sandy helped make the second summer after the storm better than the first, many merchants and elected officials say. More

Detroit City Distillery opening in Eastern Market

Detroit City Distillery plans a grand opening celebration Friday and Saturday. Courtesy Detroit City Distillery

A craft distillery and tasting room in Detroit's Eastern Market is set to open. The distillery's mission is to produce spirits and cocktails using Michigan ingredients. More

Labor Day weekend to bolster solid year for Michigan tourism

Experts say despite this year's cool spring and summer, 2014 is on track for being a profitable year for Michigan's tourism industry. More

Cool weather heats up back-to-school sales

Mother of four Kristen LaForest, left, of Canton spent $150 on school supplies in July and was back shopping this week with daughter Emma. David Guralnick / The Detroit News

Cooler summer temperatures earlier this summer have heated up back-to-school sales, sending shoppers to stores sooner than in previous years. More

U.S. consumer sentiment improves a bit in August

A shopper checks out an item for sale at a Costco in Plano, Texas. LM Otero / AP

Washington — U.S. consumer sentiment ticked up in August, driven by greater optimism about jobs, rising incomes, and increasing wealth. The increase largely occurred among higher-income groups. More

U.S. consumer spending dips 0.1 percent

A cashier hands a customer his change and receipt during a transaction at a Sears store, in Henderson, Nev. Julie Jacobson / AP

Washington — U.S. consumer spending fell in July, with a drop in auto purchases accounting for most of the weakness. Income growth also slowed. More

Next U.S. bank bailout could come after a cyber-terror attack

Bankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system's computer networks. What they aren't saying publicly is that taxpayers will probably have to cover much of the damage. More

Hershey takes wraps off new corporate logo

The company's old and new corporate logos. On Friday, the candy maker announced a new design, which adds a Kisses chocolate at the end of the company's name. The Hershey Company / AP

The Hershey Company is rolling out a new corporate logo that features a freshly stylized version of one of its most famous chocolate products. More

$4 billion loan no grand bargain for Detroit

Rodin's 'The Thinker' Detroit Institute of Arts

Detroit's holdout bond insurers, facing the prospect of meager returns in the city's historic bankruptcy case, are not going quietly. More

New bond issues signal a return of investor confidence in Detroit

The news was bright Thursday on Detroit's ability to borrow money: The post-bankruptcy financial picture got a little brighter as the city finalized a deal to borrow $275 million in new bonds. More

Applications for U.S. unemployment aid slip to 298K

Jessica Pimentel, of Hollywood, Fla., fills out a job application during a job fair in Sunrise. Fla. on Aug. 19. Alan Diaz / AP

Washington — The number of Americans seeking unemployment benefits slipped 1,000 last week to a seasonally adjusted 298,000, a low level that signals employers are cutting few jobs and hiring is likely to remain strong. More

USDA to insure farmers against dairy losses

Dairy cows ride a rotating milking machine in Fair Oaks, Ind. Dairy farmers squeezed in recent years by low milk prices and high feed costs can begin signing up for a new program replacing old subsidies that didn't factor in the price of corn. M.L. Johnson / AP

Dairy farmers squeezed in recent years by low milk prices and high feed costs can begin signing up next week for a new program replacing old subsidies that didn't factor in the price of corn. More

Tim Hortons a big part of Canadian identity

People walk outside a Tim Hortons Restaurant located next to the Tim Hortons Corporate Headquarters on August 26, 2014 in Oakville, Ontario. Aaron Vincent Elkaim / Getty Images

Toronto — Few things unite Canadians the way Tim Hortons does. For half a century, they have warmed themselves on chilly mornings with the chain's coffee and Timbits — or doughnut holes to Americans. More

U.S. economy grew at brisk 4.2 percent rate in 2Q

A worker assembles construction supplies at Northeast Building Products in Philadelphia. Matt Rourke / AP

Washington — After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated. More

Average U.S. 30-year mortgage rate at 4.1%

A home for sale in Alameda, Calif. Ben Margot / AP

Washington — The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 percent this week. More

Contracts to buy U.S. homes rise in hopeful sign

A house with sale pending sign in Quincy, Mass. Michael Dwyer / AP

Washington — More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed. More

U.S. economy forecast to grow by 1.5% in 2014

Washington — The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year. More

Michigan OKs incentives for two major projects near eastern edge of downtown Detroit

The first phase of the $61 million Orleans Landing project is to be built on 7.7 acres of vacant land near Franklin and Orleans street, one block north of the riverfront. It expects to include 20 new buildings with retail/commercial space and 278 units of multifamily housing.

Major plans for a $61 million residential and retail complex near the riverfront and a $38 million residential project in Lafayette Park were granted financial incentives Tuesdays by the state's Michigan Economic Development Corporation. More



Your forecast

photos, videos, forums, blogs, articles