Experts say recession over, recovery will be slow

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. - 11/20/2009

Associated Press lays off 90

The Associated Press this week laid off 90 news employees nationwide, including three in Michigan, where it closed its one-person Grand Rapids bureau. - 11/20/2009

Business briefs

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. - 11/20/2009

Stocks decline in early trading as dollar rises

New York -- Stocks fell in early morning trading Friday as the dollar continued to strengthen, and after a week of mixed economic reports. - 11/20/2009

GE hiring for Van Buren tech center

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. - 11/19/2009

Detroit DDA to buy $1.75M Capitol Park building

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. - 11/19/2009

Executive's departure blow to Greektown Casino

Detroit --Greektown Casino-Hotel's chief marketing executive left her post this week after deciding to withdraw an application for licensure by the Michigan Gaming Control Board. - 11/19/2009

Michigan jobless rate falls slightly

The total number of Michiganians with jobs increased for the first time since the recession began, pushing the October state unemployment rate down from 15.3 percent to 15.1 percent. - 11/19/2009

Stocks decline in early morning trading

New York -- Stocks are falling in early morning trading following the lead of overseas markets and as the dollar strengthened. - 11/19/2009

Foreclosures hitting more people with prime loans

Washington -- A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery. - 11/19/2009

Small business spotlight: Economy redefines law firm's focus

It's Business 101: When a practice area of your law firm suddenly becomes its sole focus, it's time to revise your business plan. That is exactly what Ken Gross and law firm Thav, Gross, Steinway & Bennett PC have done in light of the state and national economic crisis. - 11/19/2009

Business Insider

Ilitch Thanksgiving parade float celebrates Detroit

Ilitch Holdings Inc. will make its debut this year at America's Thanksgiving Parade wheeling a float piled high with downtown buildings. - 11/19/2009

Sears narrows 3Q loss on cost-cutting efforts

Hoffman Estates, Ill. -- Sears Holdings Corp. posted a smaller third-quarter loss Thursday, combating customers' continued desire to spend money elsewhere with tighter inventory management and cost control efforts. - 11/19/2009

New jobless benefit claims unchanged at 505K, Mich. increases

Washington -- The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs. - 11/19/2009

Delta, SkyTeam offer $1B for stake in Japan Airlines

Tokyo -- Delta Air Lines and its alliance partners said Wednesday they are making a billion-dollar offer to lure loss-making Japan Airlines from its affiliation with American Airlines. - 11/19/2009

Rain may put pumpkin pie in peril, Nestle says

Portland, Ore. -- The holidays may not be so sweet this year. - 11/19/2009

House panel passes 'too big to fail' rules

Washington -- A House committee voted Wednesday to give the government the right to dismantle financial firms that are so big, interconnected and leveraged that they could harm the economy, even if they are healthy. - 11/19/2009