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Latest NewsHere are the headlines for the past several days. You can select a specific day or category using the form on the right side of this page.
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- DTE reports net income of $86 million, dividend increase
DTE Energy Co. on Thursday reported steady second-quarter net income of $86 million and an increase to its annual dividend.
July 29, 2010 - 6:02 p.m.
- Universal Truckload reports rising interest from trucking customers in 2Q
Warren-based Universal Truckload Services Inc. reported a jump in net income and revenue for the second quarter linked to company financial transactions and increasing demand from trucking customers.
July 29, 2010 - 5:36 p.m.
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- Council rejects putting Detroit school governance question on fall ballot
After weeks of contentious debate, the Detroit City Council voted against placing an advisory question concerning governance of the Detroit Public Schools on the November ballot.
July 29, 2010 - 5:25 p.m.
- Macomb business survey finds growth in economic optimism
Macomb County business leaders are more optimistic about the economy, their own companies’ performance, and even profitability — but had more guarded optimism about credit and job growth, according to results of a new survey.
July 29, 2010 - 4:00 p.m.
- Valassis reports 7 percent revenue growth for 2Q; net income reduced by debt repurchase
Consumer interest in coupons and other marketing programs helped Livonia-based direct-mail and newspaper coupon giant Valassis Communications Inc. report an uptick in second quarter revenue.
July 29, 2010 - 3:23 p.m.
- Government and city officials cheer Blue Cross HQ's Detroit move
Government and business leaders cheered the announcement of Blue Cross Blue Shield of Michigan's move to Detroit during a media event today.
July 29, 2010 - 3:16 p.m.
- Business Leaders for Michigan survey predicts state economy will bottom out in 2011
A second-quarter survey by statewide CEO group Business Leaders for Michigan finds executives forecasting a loss of momentum in the nation's economic recovery but continuing to believe Michigan's economy will bottom out in 2011.
July 29, 2010 - 3:13 p.m.
- Bridge company, duty-free shop donating $200,000 to health center in southwest Detroit
The Detroit International Bridge Co. and the duty-free Ammex Global Marketplace said today they will donate more than $200,000 to the Community Health and Social Services Center Inc. in Southwest Detroit.
July 29, 2010 - 3:10 p.m.
- CEO says Federal Mogul Corp. on track after posting 2Q net income of $49 million
Southfield-based Federal-Mogul Corp. posted second quarter net income of $49 million or 49 cents a share, compared with$3 million or 3 cents a share for the same period in 2009.
July 29, 2010 - 1:53 p.m.
- ITC Holdings Corp. reports 2Q net income of $36.3 million
ITC Holdings Corp. posted higher second quarter net income of $36.3 million or 71 cents a share, compared with $30.8 million or 61 cents a share for the same period in 2009.
July 29, 2010 - 10:57 a.m.
- Mertik Maxitrol Inc. files copyright infringement suit against Honeywell
Southfield-based Mertik Maxitrol Inc., producer of gas pressure regulators, filters, and safety devices, filed a copyright infringement suit last month against Honeywell International Inc. based in Morristown, N.J.
July 29, 2010 - 10:35 a.m.
- Kwame Kilpatrick faces deposition in Tamara Greene's death
Imprisoned ex-Detroit Mayor Kwame Kilpatrick is expected to attend a deposition in a civil suit filed by the family of Tamara Greene.
July 29, 2010 - 8:51 a.m.
- Report says plan by owner of Ambassador Bridge meets needs of Canada Border Services
Ambassador Bridge owner Manuel “Matty” Moroun has cleared another procedural hurdle in his effort to build a $1 billion span adjacent to the 81-year-old Detroit-Windsor crossing.
July 28, 2010 - 4:54 p.m.
- Eastern Michigan University student's lawsuit is dismissed
A conservative legal group says it will appeal a federal judge's decision to throw out a lawsuit brought by an Eastern Michigan University student who says she was kicked out of a master's degree program because of her religious views against homosexuality.
July 28, 2010 - 3:52 p.m.
- Masco Corp. reports net income of $3 million in 2Q, up from $7 million 1Q net loss
Taylor-based Masco Corp. (NYSE:MAS) had a profitable second quarter, but may have lost some of its earlier traction when federal home buyer tax credits expired in April, according to the company's latest earnings report.
July 28, 2010 - 3:01 p.m.
- Caraco Pharmaceutical posts $1.2 million 1Q net income, up from $9.4 million net loss last year
Detroit-based Caraco Pharmaceutical Laboratories (NYSE AMEX: CPD) reported a net income of $1.2 million in the first quarter 2011, which ended June 30. This is up from a net loss of $9.4 million in the same period last year.
July 28, 2010 - 3:01 p.m.
- Wayne County Board of Commissioners chairman says budgeting changes are ‘power grab' by Ficano
The chairman of the Wayne County Board of Commissioners has called changes to the county's budgeting process proposed by Wayne County Executive Robert Ficano a “power grab,” but Ficano's office says the proposed ordinances are designed to make the county's budget cycle more...
July 28, 2010 - 3:00 p.m.
- Judge sentences former Ann Arbor hockey association treasurer to 2-15 years for embezzlement
Washtenaw County Circuit Judge Melinda Morris has sentenced the former treasurer and bookkeeper of the Ann Arbor Amateur Hockey Association to serve two to 15 years in prison for embezzling $934,000 from the nonprofit.
July 28, 2010 - 2:59 p.m.
- UM spinoff Life Magnetics receives investment from Ann Arbor's Arboretum Ventures
University of Michigan spinoff Life Magnetics Inc. received funding this week from Ann Arbor-based venture capital firm Arboretum Ventures Inc.
July 28, 2010 - 2:13 p.m.
- Belle Tire owner Donald Barnes dies at age 83
Donald Barnes Sr., the former owner of Belle Tire who led the company’s growth to a chain of more than 80 stores, died Monday of kidney failure in his Beverly Hills home. He was 83.
July 28, 2010 - 1:47 p.m.
- Flagstar reports jump in net losses for 2Q
Troy-based Flagstar Bancorp Inc. (NYSE: FBC) reported higher losses Wednesday for the second quarter that ended June 30 compared to the same quarter last year and higher losses for the first six months of the year.
July 28, 2010 - 1:31 p.m.
- Pontiac Silverdome to host medical marijuana convention
Pontiac Silverdome spokesman John Mozena says a medical marijuana trade show will be held Oct. 29-31 at the recently reopened stadium.
July 28, 2010 - 12:22 p.m.
- Ramco-Gershenson reports 2Q decline in revenue, funds from operations
Revenue and funds from operations dropped for Ramco-Gershenson Properties Trust (NYSE:RPT) during the second quarter compared to 2009
July 28, 2010 - 12:11 p.m.
- Taubman Centers Inc. takes 2Q hit in funds from operations
Financial performance for Taubman Centers Inc. (NYSE:TCO) took a hit in the second quarter as funds from operations and revenue declined compared to the same period last year.
July 28, 2010 - 11:53 a.m.
- CMS Energy Corp. posts $80 million in 2Q net income
CMS Energy Corp. posted second quarter net income of $80 million or 32 cents a share, compared with earnings of $75 million or 32 cents a share for the same period in 2009.
July 28, 2010 - 10:55 a.m.
- Gov. Granholm declares state of disaster for Kalamazoo River oil leak
Southern Michigan crews were working Wednesday to contain and clean up an estimated 877,000 gallons of oil that coated birds and fish as it poured into a creek and flowed into the Kalamazoo River, one of the state's major waterways.
July 28, 2010 - 9:28 a.m.
- Domino’s Pizza Inc. reports 55% increase in 2Q net income
Ann Arbor-based Domino’s Pizza Inc. (NYSE: DPZ), the nation’s largest pizza delivery chain, reported a 55 percent increase in net income Tuesday for the second quarter that ended June 20.
July 28, 2010 - 11:47 a.m.
- Crime drama producers miss meeting with Detroit City Council
Producers of a crime show set and shot in Detroit have missed a meeting with Detroit City Council.
July 27, 2010 - 5:22 p.m.
- Detroit City Council falls short in vote to put DPS mayoral control on November ballot
The Detroit City Council has failed to muster enough support to let voters express their opinions on how the city's schools should be governed.
July 27, 2010 - 5:21 p.m.
- Comerica's economist sees moderate job growth ahead for state
The Michigan Economic Activity Index climbed one point in June to 84, putting it up 13 points over a year ago, and up nine points, or 12.4 percent, over the average last year.
July 27, 2010 - 4:36 p.m.
- TI Automotive wins Mercedes-Benz fuel tank contract
Fuel storage and delivery systems supplier TI Automotive Ltd. has won a major contract with Mercedes-Benz, marking the largest single-source contract in TI's history.
July 27, 2010 - 3:00 p.m.
- Michigan shut out in federal schools competition Race to the Top
Michigan has again been shut out in a federal competition to win extra federal money for public schools.
July 27, 2010 - 2:35 p.m.
- Engineering Society of Detroit Institute unveils plan to help cities consolidate services
The Engineering Society of Detroit Institute, Lansing-based Prima Civitas Foundation and the Michigan State University Extension Center unveiled a plan today for creating sustainable local governments struggling with unemployment and lower tax revenue at ESD’s Southfield...
July 27, 2010 - 2:31 p.m.
- Sun Communities reports funds from operations increase for 2Q
The manufactured home market has been increasing, giving a boost in revenue and funds from operations for Sun Communities Inc (NYSE:SUI).
July 27, 2010 - 1:14 p.m.
- Conference on boosting exports planned for Detroit
Hundreds of business leaders, entrepreneurs and government officials are expected to gather in Detroit this fall for a conference focused on boosting exports by leveraging environmentally friendly technologies.
July 27, 2010 - 12:51 p.m.
- Mike Cox campaign memo criticizes 'smear attacks'
Republican gubernatorial candidate Mike Cox's campaign is attacking new allegations that he attended a rumored 2002 party at former Detroit Mayor Kwame Kilpatrick's official residence.
July 27, 2010 - 12:47 p.m.
- Michigan Blues report dip in reserve fund growth compared with Blue Cross Blue Shield plans nationally
A new report by the Consumers Union said at least 10 Blue Cross Blue Shield plans, including Blue Cross Blue Shield of Michigan, boosted their reserves while requesting premium increases in 2009.
July 27, 2010 - 12:32 p.m.
- Carlita Kilpatrick, Bernard Kilpatrick want to avoid giving depositions
Ex-Detroit Mayor Kwame Kilpatrick's wife and father have asked a judge to set aside orders that they give depositions to an attorney for Tamara Greene’s children.
July 27, 2010 - 8:50 a.m.
- Detroit Local Initiatives Support Corp. to share $4.2 million in federal funds
The federal Corp. for National and Community Service has awarded the Local Initiatives Support Corp. $4.2 million to extend the reach of LISC Financial Opportunity Centers in Detroit and eight other urban areas to help low- and moderate-income families achieve economic stability.
July 29, 2010 - 3:46 p.m.
- Report: Doctors in Southeast Michigan improve diabetes care, cancer screening and antibiotic use
A new report shows physician organizations in Southeast Michigan have improved health care quality in three areas — diabetes, cancer screening, and antibiotic use for children with upper respiratory infection — according to the Greater Detroit Area Health Council.
July 28, 2010 - 2:26 p.m.
- DIA, Detroit Symphony each get $1.08 million grants from Hudson-Webber Foundation
The Detroit Institute of Arts and Detroit Symphony Orchestra today announced operating grants from several local foundations.
July 26, 2010 - 5:03 p.m.
- Detroit Metropolitan Airport calls off plan to sell naming rights
The board that oversees Detroit Metropolitan Airport has mothballed its effort to selling naming rights at the facility.
July 26, 2010 - 2:10 p.m.
- Michigan to get $1.6 million from drug company that promoted off-label uses of Topamax
Nearly $1.6 million of the settlement proceeds from Ortho-McNeil-Janssen Pharmaceuticals Inc. related to off-label uses of prescription drug Topamax will go toward Medicare programs for Michigan residents, under a recent agreement distributing the payout among all 50 states.
July 26, 2010 - 1:44 p.m.
- Consumers Energy to buy 56 wind turbine units from Vestas-American Wind Technology
Consumers Energy Co. has selected Vestas-American Wind Technology Inc. to supply wind turbine generators for its first wind energy park in west Michigan.
July 26, 2010 - 12:29 p.m.
- Organizers: No Belle Isle Grand Prix in Detroit in 2011
Auto racing on Belle Isle likely won't be back until at least 2012, organizers of the Detroit Belle Isle Grand Prix said.
July 26, 2010 - 12:03 p.m.
- Detroit Public Schools detailing $59.3 million in construction projects
The Detroit Public Schools district is announcing details of $59.3 million in construction projects for three high schools.
July 26, 2010 - 9:24 a.m.
- Newspapers endorse Pete Hoekstra and Andy Dillon in governor's race
The Detroit Free Press and Grand Rapids Press have endorsed Republican candidate Pete Hoekstra and Democratic candidate Andy Dillon in the race for Michigan governor.
July 25, 2010 - 1:56 p.m.
- No quick decision on Michigan campaign-cash lawsuit
A judge is in no hurry to make a decision in a case that challenges some of Michigan's limits on campaign donations.
July 25, 2010 - 7:35 a.m.
- Ex-Detroit police chief Warren Evans didn't know mayor wanted his resignation
Warren Evans had an idea that his boss — Detroit Mayor Dave Bing — may not have been comfortable with him as police chief and that likely led to the decision to ask for his resignation from the job he held for just over a year.
July 24, 2010 - 7:54 a.m.
- Fight over Tea Party name escalates in Michigan
A self-proclaimed Tea Party organization is trying to get its name on Michigan's November ballot, but several tea partiers who aren't affiliated with the group said Friday the effort is a sham aimed at confusing voters and undermining their movement.
July 24, 2010 - 7:50 a.m.
- Plans canceled for new Detroit FBI building
The federal government says plans for a new FBI building in or near downtown Detroit have been canceled.
July 24, 2010 - 7:45 a.m.
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