detnews.com - Business

Pulte's loss down in '09

Wed, 10 Feb 2010 01:00:00 EST

Bloomfield Hills -- Pulte Homes Inc. said it narrowed its loss in the fourth quarter to $116.9 million or 31 cents a share and predicted the housing markets in Michigan and the Midwest would continue to lag the rest of the country.

Rochester Hills solar cell producer plans for brighter days

Wed, 10 Feb 2010 01:00:00 EST

Solar cell manufacturer Energy Conversion Devices posted a second-quarter loss of $39.1 million on revenues of $52.9 million, according to financial results released Tuesday for the three-month period ending Dec. 31.

FAA eyes hefty fines for American Airlines

Wed, 10 Feb 2010 08:27:00 EST

Washington -- The Federal Aviation Administration is close to wrapping up a two-year investigation of safety violations at American Airlines that could result in one of the largest fines in the agency's history, according to government and industry officials familiar with the investigation.

Stock futures higher on Greece bailout hopes

Wed, 10 Feb 2010 08:27:00 EST

New York -- Stock futures are rising modestly, pointing to a second straight day of gains, as hopes grew that the European Union will provide a rescue package for Greece.

Business briefs

Wed, 10 Feb 2010 01:00:00 EST

Electric customers of Consumers Energy will share in an $86 million rebate over the next 18 months, following a successful legal challenge brought against the utility by the Michigan Environmental Council . The Michigan Public Service Commission agreed with the council that Consumers Energy improperly funneled the surcharge money into general operating revenues and did not use it for the decommissioning of the Big Rock nuclear plant.

Japan Airlines rejects Delta, stays with American

Tue, 09 Feb 2010 10:32:00 EST

Tokyo -- Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.

Report: Detroit-area restaurant industry resilient

Tue, 09 Feb 2010 09:32:00 EST

Detroit -- A new report says that the Detroit-area restaurant industry has been resilient despite the economic downturn.

Google's e-mail gets social in Facebook face-off

Tue, 09 Feb 2010 15:37:00 EST

Mountain View, Calif. -- Google is making it easier to socialize on its e-mail service. It's unveiling a new "Google Buzz" feature that sets up a face-off with Facebook.

Security chip that does encryption in PCs hacked

Tue, 09 Feb 2010 14:22:00 EST

San Francisco -- Deep inside millions of computers is a digital Fort Knox, a special chip with the locks to highly guarded secrets, including classified government reports and confidential business plans. Now a former U.S. Army computer-security specialist has devised a way to break those locks.

Dow closes below 10,000 for the first time in three months

Tue, 09 Feb 2010 09:32:00 EST

New York -- The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.