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Most observers expected the Federal Reserve would finally cut its prime interest rate if inflation dropped closer to its 2% target. We’re about to find out if they were right. U.S....

The U.S. Department of the Treasury and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking they said will increase tax fairness and address significant corporate tax avoidance by some...

NEW YORK – General Motors and Hyundai Motor Company have signed an agreement to explore future collaboration across key strategic areas. GM and Hyundai will look for ways to leverage their...

ROSEMEAD, Calif. — Ford Motor Company electric vehicle owners and lessees in Southern California Edison’s service area now have the option to be compensated for assisting the electric...

The number of Americans filing for unemployment benefits inched up a little last week, although they remain historically low. The Labor Department reported that jobless claims rose to 230,000 for...

DETROIT – General Motors announced that Alfred F. Kelly, Jr., former chairman and CEO of Visa Inc., has joined its board of directors. Kelly, 66, served as CEO of Visa from...

LANSING, Mich – As the Pure Michigan campaign nears its 20th anniversary in just over a year, the team behind the brand is announcing new leadership to steer it...

Economists had expected American employers to add about 160,000 jobs in August in what would have been a rebound from a poor report in July. The rebound didn’t quite come. Employers added 142,000...

NEW YORK & DALLAS – Verizon Communications Inc. and Frontier Communications Parent, Inc. announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all-cash transaction...

Fewer Americans applied for unemployment benefits last week as the news is expected to come that the nation’s unemployment rate is expected to drop slightly. Applications for unemployment assistance fell...

DEARBORN, Mich. – The 2024 E-Transit with Enhanced Range, the latest version of America’s best-selling electric van, is now shipping to customers across North America.  E-Transit owns work, serving more industries than...

Henry Ford Health and Ascension Michigan, who announced plans for a merger last fall, will close the deal Sept. 30.

Some statewide experts feel 2025 could be a banner year in the mergers and acquisitions space, despite the fact the pre-pandemic M&A market in Michigan – which was hot...

Facing higher rents and other inflationary pressures, owners of downtown businesses are getting more creative while finding success.

With hacking getting worse, experts say buying cyber insurance is an important protection against digital random demands.

The U.S. economy performed better than even the Commerce Department thought in the second quarter. The economy grew last quarter at a 3% annual pace, fueled by strong consumer spending...

As part of an ongoing push around renewable energy, General Motors announced a 15-year renewable energy purchase agreement with NorthStar Clean Energy for three GM assembly plants.NorthStar’s Newport Solar...

Consumer prices as measured by the Fed’s preferred measure (The PCE Price Index) likely rose modestly in July from June, with inflation holding steady or edging up a hair...

Americans are apparently feeling better about the state of the U.S. economy. The Conference Board, a business research group, announced this week that its consumer confidence index rose to 103.3...

General Motors is moving its BrightDrop electric commercial vans under the Chevrolet brand. The shift brings BrightDrop EVs to Chevrolet's broad commercial vehicle sales and service dealer network. BrightDrop EVs...