GM EV Drivers Gain Access to 17,800 More Public Chargers
DETROIT – Beginning today, General Motors (NYSE: GM) will open up access to more than 17,800 Tesla Superchargers for its customers, with the use of a GM approved NACS DC...
Red Lobster Emerges from Chapter 11 Bankruptcy Protection
Red Lobster has emerged from Chapter 11 bankruptcy protection.
A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan Sept. 5 which included a lender group led by asset...
Tupperware Voluntarily Seeks Bankruptcy Protection
ORLANDO, Fla. (PRNewswire) — Tupperware Brands Corporation, an iconic global brand, announced the company and certain of its subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for...
Parade Clowns Ready to Step Up for Thanksgiving Fun
Longtime participants and newbies alike are ready to clown around at America's Thanksgiving Parade.
Fed Cuts Prime Interest Rate For First Time in 4 Years
After raising interest rates 11 times since May 2022, the Federal Reserve cut the rate by a half-point Wednesday, its first rate cut in four years.
Inflation Reaches 3-year Low as Fed Ponders a Rate Cut
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....
Treasury Department Proposes Rule Affecting Taxes on Large Corporations
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...
General Motors, Hyundai Eye Production, Technology Deal
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...
Southern California Edison, Ford Reward Electric Vehicle Owners Who Support the Grid
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...
Applications For Unemployment Benefits Rise Slightly
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...
Retired Visa Chairman Al Kelly Joins GM’s Board of Directors
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...
Pure Michigan Announces New Leadership, Builds on 20 Years of Economic Impact, Influence
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...
U.S. Adds 142,000 Jobs, Eyes Turn to Fed for Rate Cut Decision
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...
Verizon Buying Frontier in $20 Billion Deal to Strengthen Fiber Network
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...
Applications for U.S. Jobless Benefits See a Modest Drop
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...
Ford Pro Ships E-Transit with Enhanced Range to Customers Nationwide
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, Ascension Michigan Announce Closing Date for Proposed Joint Venture
Henry Ford Health and Ascension Michigan, who announced plans for a merger last fall, will close the deal Sept. 30.
Pent-Up Demand Could Lead to Resurgent M&A Market in 2025
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...
Downtown Businesses Finding More Creative Ways to Succeed
Facing higher rents and other inflationary pressures, owners of downtown businesses are getting more creative while finding success.
Insurance Policies Becoming More Prevalent in Fending Off Cyber Attacks
With hacking getting worse, experts say buying cyber insurance is an important protection against digital random demands.
