Tuesday, November 24, 2009
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Air Travel
Nathan Hurst
Connecting through enemy territory
Yesterday's announcement that Continental Airlines would be moving to the North Terminal got me thinking: just how many people connect at "enemy hubs" anyway? According to the folks at … Continued
Editor's Choice
What's Selling
Sample sales from Metro Detroit's real estate market
AP Headlines
Business
- Brighter Fed forecast helps market pare losses - 05:35 PM
- Fed: super-low rates could fuel speculative bubble - 03:38 PM
- Banks earn $2.8B in 3Q; FDIC says dangers persist - 03:54 PM
- Saab likely to close as GM fails to sell car brand - 05:13 PM
- Facebook creates dual-class structure, but no IPO - 05:48 PM
- Reports on GDP and consumers signal modest rebound - 03:56 PM
- Crude prices sink to $76 per barrel - 03:14 PM
- Heinz 2Q profit falls 16 percent - 04:55 PM
- CPSC chief pledges swift action after crib recall - 05:51 PM
More News
Best Buy creates Internet buzz with Black Friday ad marking Muslim holiday
Detroit -- Electronics retailer Best Buy's Black Friday ads acknowledging the Muslim holiday Eid al-Adha are stirring controversy on some Internet blogs today. - 11/24/2009
Medical office vacancies plague Metro Detroit
In a region accustomed to foreclosure notices and vacant buildings, an industry until recently considered thriving -- health care -- is increasingly seeing the recession turn its workplaces into empty shells. - 11/24/2009
Third metro newspaper promises 7-day delivery
Detroit's now a three-newspaper town. A third daily covering the region, the Detroit Daily Press, made its single-copy debut Monday. - 11/24/2009
Oct. home sales rise almost 36 percent
Washington -- Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit. - 11/24/2009
Infant deaths prompt crib recall
Washington -- More than 2.1 million drop-side cribs by Stork Craft Manufacturing are being recalled, the biggest crib recall in U.S history, following reports of four infant suffocations. - 11/24/2009
Business briefs
Auto sales will continue to recover but slowly in 2010, which could hamper cash flow and efforts by General Motors Co. and Chrysler Group LLC to rebound to the point the companies can go public, according to a forecast released Monday by Fitch Ratings . The rating service expects U.S. light-vehicle sales of 11.1 million next year, which would be about 8 percent above the estimated 10.3 million units sold this year. - 11/24/2009
Report of slowing GDP hits stocks
New York -- Stocks are slightly lower Tuesday after the government said the economy grew at a slower pace in the third quarter than originally reported. - 11/24/2009
Detroit Edison to receive $5M for energy grid project
Washington -- Detroit Edison Co. and five partners will receive nearly $5 million in federal money to show how advanced batteries similar to those in electric vehicles can store energy for later use in the nation's electrical grid. - 11/24/2009
Defense lawyer in 'Billionaire Boys Club' scheme indicted
Detroit-- The attorney representing the Brighton businessman accused in an alleged $53 million "Billionaire Boys Club" Ponzi scheme has himself been indicted for a criminal investment fraud scheme. - 11/24/2009
Big Bang atom smasher starts speeding proton beams
Geneva -- Scientists running the world's largest atom smasher used the $10 billion machine's accelerator to speed up proton beams for the first time today, in a step toward experiments about the makeup of the universe. - 11/24/2009
Michigan's housing chief defaults on loans
A homebuilder who chairs the state housing authority has been the target of lawsuits seeking more than $100 million in judgments in Michigan and around the country over failed projects. - 11/23/2009
Retailers face chilly holiday season
Faced with the prospect of a $4 billion drop in consumer spending this holiday season, retailers in Michigan and across the country are offering Black Friday promotions before Thanksgiving and touting inexpensive gifts to lure more shoppers. - 11/23/2009
Holiday trimmings on your rental car
Travelers have been able to score decent deals on hotel rooms and airfares over the last year. But car rental prices have increased dramatically despite the weak economy. - 11/23/2009
Retailers ramp up specials
Retailers are getting creative in a tough holiday season, vying for cash-strapped customers with tactics that range from dropping prices to accepting food stamps to offering layaway online. - 11/23/2009
Rising unemployment taxes could hinder hiring
WASHINGTON -- As if small businesses needed another reason not to hire, consider their latest financial burden: The cost of rising unemployment itself. - 11/23/2009
Late payments on credit cards drop in 3rd quarter
NEW YORK -- For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter. - 11/23/2009
Small Talk: Peter Wilde maintains Townsend's elegance despite dour economy
The Townsend Hotel in Birmingham is a Mobil four-star and AAA four-diamond hotel, as well as a perennial favorite on the Condé Nast list of top hotels. How does such an elegant place keep its cool during an ugly recession? We asked Peter Wilde, the Townsend's longtime managing director. - 11/23/2009
Canadian woman vows fight after benefits cut over Facebook photos
Montreal -- A Canadian woman on sick leave for depression said Monday she would fight an insurance company's decision to cut her benefits after her agent found photos on Facebook of her vacationing, at a bar and at a party. - 11/23/2009
More reports
- Late payments on credit cards drop in 3rd quarter - 11/23/2009
- Small Talk: Peter Wilde maintains Townsend's elegance despite dour economy - 11/23/2009
- Canadian woman vows fight after benefits cut over Facebook photos - 11/23/2009
- South Koreans to get Apple's iPhone this week - 11/23/2009
- 3 ways to give thanks at work - 11/23/2009
- N'West prepares for WiFi takeoff - 11/21/2009
- Michigan firm grows from car ads to movies - 11/21/2009
- Baby Boomers boost tour bus business - 11/21/2009
- U-M economists forecast no employment growth until 2011 - 11/21/2009
- Business briefs - 11/21/2009
- Bloomfield Hills developer fills retail gap - 11/20/2009
- Daniel Howes: Howes: State tax credit to labor union is baffling - 11/20/2009
- Associated Press lays off 90 - 11/20/2009
- Business briefs - 11/20/2009
- Stocks decline in early trading as dollar rises - 11/20/2009
- GE hiring for Van Buren tech center - 11/19/2009
- Detroit DDA to buy $1.75M Capitol Park building - 11/19/2009
- Tom Gromak: Google's shiny new Chrome OS is on track for 2010 - 11/19/2009
- Executive's departure blow to Greektown Casino - 11/19/2009
- Michigan jobless rate falls slightly - 11/19/2009
- Stocks decline in early morning trading - 11/19/2009
- Foreclosures hitting more people with prime loans - 11/19/2009
- Ilitch Thanksgiving parade float celebrates Detroit - 11/19/2009
- Small business spotlight: Economy redefines law firm's focus - 11/19/2009
- Sears narrows 3Q loss on cost-cutting efforts - 11/19/2009








