detnews.com - Business

U-M economists see no job growth in Michigan until 2011

Fri, 20 Nov 2009 17:02:00 EST

Economists at the University of Michigan say that by the time the state's downturn ends, Michigan will have lost nearly 1 million jobs since 2000.

Bloomfield Hills developer fills retail gap

Fri, 20 Nov 2009 01:00:00 EST

As shopping centers nationwide grapple with empty storefronts left behind by bankrupt clothing chain Steve & Barry's, a local developer is plugging holes with a new retail concept that's growing in a tough economy.

Daniel Howes: Howes: State tax credit to labor union is baffling

Fri, 20 Nov 2009 01:00:00 EST

Nestled between this week's state tax credits for auto suppliers, a furniture maker and a few high-tech companies is this gem: A $2 million credit to a for-profit affiliate of the Service Employees International Union to build a "Member Action Center."

Experts say recession over, recovery will be slow

Fri, 20 Nov 2009 01:00:00 EST

The national recession may be over, but recovery will be slow with lingering high unemployment and a weak housing market, say economists at the University of Michigan.

Associated Press lays off 90

Fri, 20 Nov 2009 01:00:00 EST

The Associated Press this week laid off 90 news employees nationwide, including three in Michigan, where it closed its one-person Grand Rapids bureau.

Stocks decline in early trading as dollar rises

Fri, 20 Nov 2009 10:00:00 EST

New York -- Stocks fell in early morning trading Friday as the dollar continued to strengthen, and after a week of mixed economic reports.

Business briefs

Fri, 20 Nov 2009 01:00:00 EST

Washington -- The war of words between Michigan Rep. Gary Peters and Arizona Sen. John McCain over Chrysler Group 's future continued Thursday, when Peters, D-Bloomfield Township, fired back at the 2008 Republican presidential nominee over his contention that no "objective" observer believes Chrysler will survive and urged McCain to attend the North American International Auto Show in Detroit.

Detroit DDA to buy $1.75M Capitol Park building

Thu, 19 Nov 2009 20:07:00 EST

In another move to redevelop downtown Detroit's Capitol Park area, the city's Downtown Development Authority agreed to buy a $1.75 million building there Thursday.

GE hiring for Van Buren tech center

Thu, 19 Nov 2009 11:12:00 EST

General Electric has appointed Vic Bhagat as site leader for its new high-tech center in Van Buren Township and plans to hire 80 engineers and information technologists by the close of 2009.

Tom Gromak: Google's shiny new Chrome OS is on track for 2010

Thu, 19 Nov 2009 16:12:00 EST

Internet giant Google says it's a year away from releasing its forthcoming Chrome computer operating system, but it released what's been done so far to the open source community for wider development at a press conference Thursday.