Race for state House heating up ( Wed, 09 Jul 2008 06:12:00 +0200) Campaigning for the Michigan House is revving up to full throttle as candidates seek to win the seats of 44 representatives who are being broomed out by term limits -- including 25 in Metro Detroit. Read more Bad times are good for the repo man ( Tue, 08 Jul 2008 14:17:00 +0200) Fueled by an overvalued housing market and a spigot of easy credit, people overextended themselves on luxury items like automobiles, boats, Jet Skis and the like. If Jones got a Hummer, you got a Hummer. If Smith got a Corvette, you got a Cadillac. Now the punch bowl has gone empty and the bill for the good times has come due. There are now more than 250 repossession companies across Michigan and scores of fly-by-night freelancers with pickups and crowbars prowling the streets from sundown to sunup looking for that Escalade in arrears. Read more
RPT-UPDATE 2-Peugeot sees west Europe market fall, keeps target ( Tue, 08 Jul 2008 09:12:20 +0200) (Repeats to additional subscribers) (Adds details on markets, models) By Marcel Michelson PARIS, July 8 (Reuters) - PSA Peugeot Citroen , Europe's second Read more
Bad times are good for the repo man ( Tue, 08 Jul 2008 06:00:00 +0200) Fueled by an overvalued housing market and a spigot of easy credit, people overextended themselves on luxury items like automobiles, boats, Jet Skis and the like. If Jones got a Hummer, you got a Hummer. If Smith got a Corvette, you got a Cadillac. Now the punch bowl has gone empty and the bill for the good times has come due. There are now more than 250 repossession companies across Michigan and scores of fly-by-night freelancers with pickups and crowbars prowling the streets from sundown to sunup looking for that Escalade in arrears. Read more
RPT-IPO VIEW-Liquidnet hopes to buck trend with IPO ( Mon, 07 Jul 2008 17:27:55 +0200) (Repeats story from July 4) By Phil Wahba NEW YORK, July 6 (Reuters) - Liquidnet Holdings Inc hopes its position in the equities trading world will inure Read more
Seat strategy: Lear aims to make more profits by producing more parts ( Mon, 07 Jul 2008 05:01:00 +0200) As vehicle sales plummet for its two largest customers, Lear Corp. is looking to boost revenue by manufacturing more of the components that go into its seats. Read more
RPT-Liquidnet hopes to buck trend with IPO ( Sun, 06 Jul 2008 22:43:13 +0200) (Repeats story from July 4) By Phil Wahba NEW YORK, July 6 (Reuters) - Liquidnet Holdings Inc hopes its position in the equities trading world will inure Read more
Michigan Democrats express concern about government reform proposal ( Sat, 05 Jul 2008 23:57:00 +0200) Several top Michigan Democrats held a conference call Saturday with Gov. Jennifer Granholm to express worries about a sweeping ballot proposal to overhaul Michigan government. Read more
Special eats, acts at Cityfest ( Sat, 05 Jul 2008 21:57:00 +0200) Close to 500,000 people are expected over the five-day span of the festival, which runs through Sunday in Detroit's New Center. Read more
Special eats, acts at Cityfest ( Sat, 05 Jul 2008 01:27:00 +0200) Close to 500,000 people are expected over the five-day span of the festival, which runs through Sunday in Detroit's New Center. Read more Reform package may aid Dems ( Wed, 02 Jul 2008 06:07:00 +0200) The Michigan Democratic Party would be the jackpot winner of a far-reaching ballot proposal to overhaul state government -- a movement that Republicans say is a sneaky power grab engineered by Democrats. Read more RPT-Nikkei slips 0.1%, longest losing streak in 4 years ( Tue, 01 Jul 2008 09:36:11 +0200) (Repeats to add table) * Nikkei sets longest losing streak since September 2004 * Tankan survey sparks uncertainty about economic outlook * Exporters Read more
Economy's ripe for spike in gardening ( Tue, 01 Jul 2008 06:00:00 +0200) John Johns loves tomatoes. In fact, he said, he eats them all summer long. One thing he's not fond of is the cost of buying them from the grocery store. So to save money, he grows tomatoes and several other vegetables at his Clinton Township home. Read more RPT-UPDATE 4-Ford had talks with Renault to sell Volvo-sources ( Tue, 01 Jul 2008 07:28:04 +0200) (Repeats to fix formatting) (Adds Dongfeng executive's comment in para 5) By Jui Chakravorty Das NEW YORK, June 30 (Reuters) - Ford Motor Co has had exploratory Read more
Tunnel deal fails; 'layoffs are inevitable,' mayor's aide says ( Mon, 30 Jun 2008 20:02:00 +0200) DETROIT -- The City Council on Monday again voted down a deal that would set in motion the sale of the city's share of the Detroit-Windsor Tunnel, despite threats from Mayor Kwame Kilpatrick that Detroit needs the money to avoid laying off 1,300 workers. Read more
RPT-NEWSMAKER-Ballmer becomes lone voice at Microsoft's helm ( Mon, 30 Jun 2008 13:46:57 +0200) (Repeats story that ran on Sunday) By Daisuke Wakabayashi SEATTLE, June 29 (Reuters) - Steve Ballmer has been CEO at Microsoft Corp for eight years, but Read more
RPT-Detroit's mood grim as automakers face the brink ( Mon, 30 Jun 2008 13:47:07 +0200) (Repeats story from Sunday) By Poornima Gupta DETROIT, June 29 (Reuters) - After three decades at work in a GM factory, John Martinez has reached a crossroads. Read more
RPT-PREVIEW-US auto sales: bleak, but is it the bottom? ( Sun, 29 Jun 2008 18:07:05 +0200) (Repeats story that initially moved on Friday to additional subscribers) By Soyoung Kim DETROIT, June 29 (Reuters) - U.S. auto sales in June are expected Read more
Ypsilanti man stabs mom with fork, beats woman with frozen chicken ( Thu, 26 Jun 2008 17:42:00 +0200) JACKSON, Mich. -- An Ypsilanti man is accused of stabbing his mother with a fork and assaulting a second woman with 10 pounds of frozen chicken. Read more
UPDATE 2-America's Car-Mart profit beats estimates; shares surge ( Thu, 26 Jun 2008 18:30:39 +0200) (Adds details, CEO comments, share movement) June 26 (Reuters) - Automotive retailer America's Car-Mart Inc posted higher quarterly results that beat Read more Quiet cars threaten not just the blind, NHTSA hears ( Mon, 23 Jun 2008 17:48:00 +0200) Hybrid cars and other quiet vehicles post threats to more than the 1.1 million legally blind Americans, according to leaders of groups that represent people who have lost their sight. Read more
Boat race tugs youth's interest at River Days ( Sat, 21 Jun 2008 22:32:00 +0200) DETROIT -- Michael Lewis pointed at 19 tug boats in the Detroit River Saturday and desperately tried to get their captains' attention. Read more
Detroit council may refuse to pay legal tab for mayor's lawyers ( Fri, 20 Jun 2008 16:10:00 +0200) DETROIT -- City Councilwoman JoAnn Watson introduced a resolution Friday that would prevent the Law Department from hiring outside lawyers to represent the interests of Mayor Kwame Kilpatrick in the panel's forfeiture process. Read more
Kerkorian's new stake buys Ford time and money ( Fri, 20 Jun 2008 08:23:04 +0200) Kirk Kerkorian and Ford Motor Co. are snuggling up to each other like a couple of big furry cats on a chilly day. Sure, one could turn on the other if things go badly down the road, but for now, they are purring contentedly in each other's company. Read more RPT-DEALTALK-Chrysler bet poses dilemma: double-down or fold? ( Wed, 18 Jun 2008 13:40:02 +0200) (Repeats story previously published on June 17) (For more Reuters stories on deals, click [DEALTALK/]) By Poornima Gupta DETROIT, June 17 (Reuters) - Read more