Howes: Failed execution, culture weigh on Ford performance

If two words encapsulate Ford’s recent performance, investor impatience and explain the automaker's woeful share price, they’re 'failed execution'

| 17 hours ago

Facebook bans ads with false claims about new virus

The social network said it is removing ads that feature a product and imply a limited supply, seeking create a “sense of urgency” in their mention of coronavirus

| 20 hours ago

Stocks slide on Wall Street, extending steep drops this week

Worry about economic fallout from the virus outbreak that originated in China has fueled a sharp sell-off this week that’s wiped out the market’s gains for the year

| 22 hours ago

Microsoft says supply chain slowed by virus outbreak

Microsoft says the supply chain for its Windows business and Surface devices “are more negatively impacted than previously anticipated.”

| 23 hours ago

Cleveland fiber internet network to acquire Dan Gilbert’s Rocket Fiber

The tie-up will help to lay the ground for even more capabilities such as 5G that are desirable to startups and technology companies

| 23 hours ago

Managing remote workers? It takes more than the latest apps

Whether it’s a parent working from home, a staffer logging in from a coffee shop or a law firm operating online, remote working is gaining momentum

| 1 day ago

Fake meat and a latte? Starbucks adds Beyond Meat in Canada

Starbucks said Wednesday that it will soon start selling a sandwich featuring a meat-free patty from Beyond Meat

| 23 hours ago

Sales of new U.S. homes jump to highest level since July 2007

New U.S. home sales reached the strongest pace since mid-2007 on the heels of cheaper borrowing costs, favorable weather and a resilient labor market

| 1 day ago

SpaceX to start building Mars spaceship at Port of LA

The City Council approved a permit that allows the Elon Musk-led company to use a site at the Port of L.A. to build aerospace parts

| 1 day ago

U.S. stocks plunge, bonds surge after CDC warns of virus possible outbreak

The S&P 500’s four-day rout reached 7.6%, with losses accelerating after the CDC warned Americans to prepare for a coronavirus outbreak at home

| 1 day ago

FCA CEO received $12.5 million in compensation in 2019

Fiat Chrysler on Tuesday was the first of the Detroit Three to report CEO compensation for 2019

| 1 day ago

Tour of the Eddystone Hotel under renovation

Brian Rebain, Principal, Kraemer Design Group, talks about the history of the 1924-built Eddystone Hotel and the progress of its redevelopment.

1 day ago

Disney CEO Bob Iger steps down in surprise announcement

The Walt Disney Co. named as his replacement Bob Chapek, most recently chairman of Disney’s parks, experiences and products business

| 1 day ago

China struggles to revive manufacturing amid virus outbreak

Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy

| 2 days ago

Utility company commits to buying Lordstown Motors truck

Electric utility company FirstEnergy plans to purchase 250 of Lordstown Motors Corp.'s electric pickup truck, the start-up company said Tuesday

| 2 days ago

Forever 21 taps H&M executive Daniel Kulle to take over as CEO

The new owners of Forever 21 Inc. have hired an executive from another fast-fashion chain to steer the troubled retailer out of bankruptcy

| 2 days ago

No checkout needed: Amazon opens cashier-less grocery store

At the new store, shoppers can grab milk or eggs and walk out without checking out or opening their wallets

| 2 days ago

Google-Fitbit probe isn’t for data watchdogs, EU antitrust chief says

EU data regulators said that the $2.1 billion takeover of fitness tracker Fitbit could “entail a high risk to privacy and data protection”

| 2 days ago

Strong fourth quarter for Macy’s heading to transition year

The quarterly report comes three weeks after Macy’s said it was closing 125 of its least productive stores and cutting 2,000 corporate jobs

| 2 days ago

Ilitches offer rare look inside: Eddystone building next to Little Caesars Arena

The Eddystone is one of 48 vacant buildings in Detroit owned by an entity linked to the Ilitch organization

| 1 day ago

Virus outbreak chills markets, outlook for global economy

Wdening coronavirus outbreak threatens to seriously disrupt global economy, just as it was steadying itself against headwinds from U.S.-China woes

| 3 days ago

Dow plunges 1,000-plus points as virus outbreak threatens economy

Technology stocks accounted for much of the broad market slide, which wiped out all of the Dow’s and S&P 500’s gains for the year

| 2 days ago

Buffett plays ‘wait and see’ with Democratic nomination

“I think I’m going to wait and see who gets the nomination,” Buffett said Monday in an interview with CNBC.

| 3 days ago

Buffett says economy is slowing amid virus fears

Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend.

| 3 days ago

Kids water bottle recalled due to choking hazard

A water bottle made by Contigo was recalled because a part could detach and choke children

| 3 days ago

Sustainable packaging goes mainstream as plastic concerns grow

Plastic has raised particular environmental ire because half of all plastic produced globally is designed to be used just once

| 3 days ago

Small businesses embrace wellness to help retain staffers

One company pays its workers $100 per month for anything that contributes to wellness, and not just for things like gym memberships

| 3 days ago

MI Dream Home: Mackinac Island Victorian with views of bridge

Situated on a corner lot of a quiet wooded area of Mackinac Island is a modern Victorian home with views of the water and the Mackinac Bridge.

| 3 days ago

Buffett spends record $2.2B buying back Berkshire shares

Even as Buffett ramped up his repurchases, Berkshire’s massive pile of cash hovered close to a record, totaling $128 billion at the end of 2019

| 5 days ago

Twitter suspends 70 accounts with pro-Mike Bloomberg tweets

Twitter on Friday said it had begun suspending 70 accounts that posted identical messages in support of Bloomberg, violating their rules

| 5 days ago

MI Dream Home: Victorian on Mackinac Island

5 days ago

Trump floats more aid to farmers if overseas purchases lag

Trump raised the possibility of more aid to farmers as promised purchases from trade deals with China and other countries have yet to materialize

| 5 days ago

White House to host Huawei rivals at 5G meeting, Kudlow says

The White House plans to hold a conference with Huawei rivals to try to accelerate development of affordable competing 5G wireless technology

| 5 days ago

EBay says it’s in talks on deal for classifieds business

EBay Inc. said it’s in active talks with multiple parties about a potential transaction for its classified-ads business

| 5 days ago

Whitmer launches prescription drug task force

Lowering prescription drug prices will be the goal of a task force officially formed by Michigan Gov. Gretchen Whitmer on Friday.

| 5 days ago

Teamsters chief James P. Hoffa won’t seek reelection

When Hoffa steps down in 2022 after 23 years, he'll leave behind a labor union that has reformed itself and rebuilt its finances

| 5 days ago

Greyhound to stop allowing immigration checks on buses

Greyhound said Friday it will stop allowing Border Patrol agents without a warrant to board its buses to conduct routine immigration checks

| 5 days ago

Dan Gilbert makes first public speech since his stroke to enthusiastic crowd

The billionaire who was a key driver in transforming downtown Detroit got a standing ovation on Friday at the Crain's Newsmaker luncheon

| 5 days ago

Armani rails against baring trends by fellow designers

It may be reductive to say that runway shows are about how women dress. But the conversation has sharpened in the #MeToo era

| 6 days ago

Fed needs to outline plan to fight next downturn, economists say

The comments come as Fed officials are reviewing their policy tool kit and strategy in a special study ordered by Chairman Jerome Powell

| 6 days ago