Federal Reserve Leaves Interest Rates Alone, Declines to Cut
The Federal Reserve may start cutting interest rates some time this year.
But not yet.
The Fed left interest rates where they are following the latest FOMC meeting, seemingly indicating they...
Reports Likely to Show Strong Spending
The first estimate of real GDP for the fourth quarter of 2023 will likely show growth moderated after a robust 4.9% annualized increase in the third quarter. For 2023...
Fed Funds Rate Peaking, But Cuts Likely to Wait ‘Some Time’
Experts say the nation's core inflation rate is expected to slow to its lowest rate in more than two years.
Inflation Slowed in November; Fed Could Cut Rates in ’24
Inflation in the U.S has eased enough that the Federal Reserve announced Wednesday not only is it leaving interest rates where they are for now, that after 11 rate...
CPI Rises Slightly in November, With Gas Down But Food and Shelter Costs Up
The consumer price index rose 0.1% in November, slightly above the consensus forecast for zero inflation. From a year earlier, the CPI matched the consensus forecast to slow to...
Komatsu Acquiring Orion Township-based American Battery Solutions
Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc., a battery manufacturer headquartered in Orion Township, Mich.
U.S. Komatsu...
Unwrap Success: A Jolly Guide to Year-End Tips for Family Businesses
Experts offer tax tips headed into the holiday season,
Six Flags, Cedar Fair Announce Amusement Park Merger
SANDUSKY, Ohio & ARLINGTON, Texas (Business Wire) — Cedar Fair and Six Flags Entertainment Corporation announced they have entered into a definitive merger agreement to combine in a merger of equals...
Disney Gets Remainder of Hulu for $8.6 Billion
BURBANK, Calif. — The Walt Disney Company announced it will acquire the 33% stake in Hulu currently held by Comcast, following Comcast’s November 1 exercise of its right under...
Chevron Acquires Hess in $53 Billion Deal
SAN RAMON, Calif. & NEW YORK — Chevron Corporation announced it has entered into a definitive agreement to acquire all of the outstanding shares of Hess in an all-stock transaction...
Ally Financial CEO Jeffrey J. Brown Announces Plans to Step Down
CHARLOTTE, N.C. (PRNewswire) — Ally Financial Inc. announced that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board...
Steelcase Foundation Invests $500,000 in New Community Transformation Fund
The Grand Rapids-based New Community Transformation Fund has raised nearly $12 million after a $500,000 donation from Steelcase Foundation.
LG Energy Solution, Toyota Investing $3 Billion Battery Deal in Michigan
SEOUL, Korea and PLANO, Texas – LG Energy Solution and Toyota Motor North America, Inc. announced they have signed a supply agreement for lithium-ion battery modules to be used in...
Fed Holds Rates For Now, Hints Another Hike Coming
As expected, the Federal Reserve’s Open Market Committee unanimously held the fed funds target steady at a range of 5.25% to 5.50% at its Sept. 20 interest rate decision....
P&THE Manufacturing Purchases the Assets of Turbo Components
FRUITPORT, Mich. — P&THE Manufacturing, LLC, a MBE holding company that provides high performing manufacturing solutions through business acquisitions and joint ventures, announced the purchase of the assets (property,...
Cummins, Daimler, Paccar Partner on $3 Billion Battery Plant for Electric Trucks
COLUMBUS, Ind., PORTLAND, Ore., BELLEVUE, Wash. – Accelera by Cummins, Daimler Trucks and PACCAR are partnering to accelerate and localize battery cell production and the battery supply chain in...
Enbridge Agrees to $14 Billion Deal With Dominion
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...
JC Penney Investing $1 Billion on Store, Online Improvements
J.C. Penney plans to invest more than $1 billion by fiscal 2025 toward improving its operations and customer experience.
According to published reports, the chain will put money into digital...
Subway Announces Sale to Roark Capital
MIAMI (PRNewswire) — Subway announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital.
The transaction is a major milestone in Subway's multi-year...
U.S. Steel Rejects $7.3 Billion From Rival Cleveland-Cliffs
PITTSBURGH (Business Wire) — United States Steel Corp., confirmed that it had invited its rival, Cleveland-Cliffs Inc., to participate in its previously announced strategic review process.
U.S. Steel then rejected...
