Today News


Howes: Detroit history weighs on failed Amazon HQ2 bid

The Detroit News

Fifty years of decline, dysfunction that culminated in epic bankruptcies are not easily overcome by story of revival.


Detroit’s Amazon bid may become blueprint for downtown

Detroit’s failed Amazon bid should be “wake up call” for better mass transit and keeping young talent, some contend.

Thursday, Jan 18


Former employees sue Maru Sushi over payment practices

Suit says Maru forces servers paid a tipped minimum wage to share gratuities with others paid the regular minimum wage


Mich. unemployment rate up to 4.7 percent in December

Michigan’s unemployment rate rose by one-tenth of a percentage point to 4.7 percent in December


Why Amazon didn’t pick Detroit

20 other Metro areas move on to next phase of process


Burger King launches 1/2-pound burger

Burger King is looking to start a beef with McDonald’s by launching its own big burger


U.S. home construction tumbled 8.2% in December

The monthly decline put U.S. housing starts at a seasonally adjusted annual rate of 1.19 million units


Howes: Race for self-driving car supremacy is no sprint

Skepticism is warranted. It’s way too early to predict who reaches AV finish line. How many customers will come along?


Apple to build 2nd campus, hire 20,000 in $350B pledge

Cities will likely be offering Apple tax breaks to persuade the company to build its second campus in their towns

Trade groups form coalition as travelers skip U.S.


Since 2015, the U.S. and Turkey have been the only top travel destinations to experience a decline in visitors


Bitcoin investors seek refuge from volatility in gold


Investors have been diversifying away from bitcoin and into physical gold in both bars and coins

Wednesday, Jan 17


Dow has first close above 26,000 points

Stocks are closing higher on Wall Street, sending the Dow Jones to its first close above 26,000 points


Trump takes credit for what’s mostly Obama’s economy

Most analysts tend to agree that the economy remains essentially the same sturdy one Trump inherited from Barack Obama


Senate committee OKs nomination of Powell for Fed chair


The committee also approved Fed board member Randal Quarles for a full 14-year term on the Fed board


Goldman Sachs posts $1.9B loss due to new tax law

It was the bank’s first quarterly loss in more than six years


Berkely’s Doll Hospital & Toy Soldier shop closing

An iconic Metro Detroit toy store isn’t playing around when it says it’s closing up shop.

After ‘monkey hoodie’ scandal, H&M hires diversity boss

H&M says it has appointed a diversity leader after having been accused of racism over an ad

Bank of America 4Q profits fall by 48% due to tax law


However the bank, like its competitors, says it expects to benefit from lower tax rates going forward

Walmart offers way to turn leftover opioids into gel


Walmart is helping customers get rid of leftover opioids by giving them packets that turn the drugs into a useless gel


Howes: Business-hungry state helps economic revival

Government can rally leadership, revise policies, remove obstacles that are disincentives to expansion, investment


Ford president and CEO Jim Hackett on the culture of Ford

The Detroit News

Ford president and CEO Jim Hackett talks about the culture and future of Ford.

Tuesday, Jan 16


Nestle selling U.S. candy business for $2.8B

Ferrero will take over iconic chocolate brands Butterfinger and Crunch bars, as well as the sugary Nerds and SweeTarts


Berkley's Doll Hospital & Toy Soldier shop closing

Company's owners said move was made after careful consideration

Frozen cheesesteak brand reaches goal: Twitter approval

Steak-umm launched a campaign nearly four months ago to become verified on the social media platform


AAA: Average gas prices in Michigan rise 8 cents

The average price for self-serve regular unleaded gasoline was about $2.67 per gallon


Howes:China's GAC poised to go global with eye on U.S.

The Detroit News

Breaking into demanding American market requires capital, patience and distribution network

Monday, Jan 15


Floor sensors rise as retail data source

Smart floor sensors are among the tools retailers are using to gain insights on consumer habits


Duggan vows neighborhood, business growth

The administration plans to hire managers to help fill vacant storefronts, aid entrepreneurs and put residents to work


2019 Volkswagen Jetta and 2018 Passat GT

Volkswagen presents the all-new 2019 Volkswagen Jetta at the Garden Theater.


Howes: Need for new kind of speed drives automakers

Pace set by Silicon Valley bias for technological innovation, seeping steadily into consumer consciousness worldwide