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UPS announced the company has been awarded a significant air cargo contract by the United States Postal Service. This award is effective immediately and greatly expands the existing relationship between the two organizations. Following a transition period, UPS will become the USPS’s primary air cargo provider and move the majority...

Some 300,000 Michigan families who qualified for the Michigan Earned Income Tax Credit are about to get supplemental checks averaging some $550 each.

Layoffs remain historically low, and the unemployment rate is still low, but first-time applications for unemployment assistance are on the rise. According to statistics released Thursday by the U.S. Department of Labor, applications for unemployment benefits rose to 224,000 for the week ending Jan. 27. That’s 9,000 more than the previous...

A study commissioned by Inforum Michigan shows women are making progress in reaching C-Suites and boards of directors in Michigan's public companies.

CALGARY, Alberta — Enbridge Inc. announced that it has entered into three separate definitive agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of $14 billion. Upon the closings of the three transactions, Enbridge will add gas utility operations in Ohio, North Carolina, Utah, Idaho and Wyoming, representing a significant presence...

Gov. Gretchen Whitmer signed an $82 billion budget she says will 'grow the economy' and 'deliver on kitchen-table issues.'

DETROIT – GMC announced the extended driving range for the 2024 GMC HUMMER EV 3X Pickup: a whopping GM-estimated 381 miles of range on a full charge on the 3X trim with the available 24-module battery (a 26-mile increase over 2023 model year) and GM-estimated 359 miles of range on a...

The June jobs report will likely show the unemployment rate unchanged at 3.7% and payroll job growth throttling back to a still-decent 252,000 from 339,000 in May. The ISM surveys will likely show service-providing industries cooled in June, while manufacturing activity contracted. Job openings likely fell in May, and construction...

DETROIT – General Motors Co. and POSCO Future M announced the second phase of their Ultium CAM joint venture, an investment projected to exceed $1 billion (U.S.) to increase production capacity of CAM in North America and integrate precursor materials production. pCAM is a specifically engineered combination of processed raw...

AMSTERDAM/SAN JOSE, Calif. – Stellantis N.V. and Lyten, Inc. announced that Stellantis Ventures, the corporate venture fund of Stellantis, invested in Lyten to accelerate the commercialization of Lyten 3D Graphene applications for the mobility industry, including the LytCell Lithium-Sulfur EV battery, lightweighting composites, and novel on-board sensing. Lyten, a...

Target Corporation announced its first quarter 2023 financial results, which reflected continued traffic and sales growth in what company officials called an “increasingly challenging environment.” The Company reported first quarter earnings per share of $2.05, down 4.8 percent from $2.16 in 2022. First quarter Adjusted EPS1 of $2.05 decreased 6.2 percent compared with $2.19 in 2022. Brian Cornell, chair...

In the short time since he purchased the social media platform Twitter, Elon Musk has shown he’s willing to give the public what it wants. According to published reports, Musk will step down from his role as the CEO of Twitter following a poll he put out seeking public input...

DEARBORN, Mich., Dec. 15, 2022 – Ford is spreading the holiday cheer this season by giving Mustang fans exactly what they had on their wish list: more horses across every engine offering for the all-new, seventh-generation 2024 Mustang, including 500 horsepower with the Mustang Dark Horse.  “Mustang has always pushed the envelope. From...

First-time claims for unemployment benefits dropped by 4,000 last week.

The National Advanced Mobility Consortium (NAMC) is the preferred, proven source of ground vehicle, automotive, and intelligent systems technology for the US Military. The organization has a long history of empowering members to create technology that improves conditions for those on the front lines. The consortium is building on...

The White House announced Thursday that President Joe Biden tested positive for COVID-19 and is experiencing “very mild symptoms.” The news comes as new variants of the virus hinder efforts to resume normalcy after more than two years of pandemic challenges. According to White House Press Secretary Karine Jean-Pierre, Biden is taking...

The Right Place, Inc. has received $588,235 in funding from the MEDC, one of six economic development organizations across the state to receive a portion of the $3 million in Industry 4.0 Technology Implementation Grant funds.

Cruise the Great Lakes, a coalition of states and provinces, cruise lines, ports, convention and visitor bureaus, and others working together to promote cruising on the Great Lakes, have signed a pledge committing to promoting four environmentally conscious cruising and destination stewardship efforts starting with the 2022 cruising season. The...

The financial markets have struggled in the new year. A variety of concerns, including the rapid spread of the Omicron variant, surging inflation, policy tightening, geopolitical tensions and extended valuations, have all contributed to the volatility. Few asset classes have been spared, as investors around the world reassess asset...

Retail sales in the U.S. grew for the 11th  consecutive month in July, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. With more cash in hand—fueled in part by the Child Tax Credit and pent-up savings—consumers drove U.S. retail spending growth excluding...