Business News

DEARBORN, Mich. (AP) – Ford Motor Co.’s net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and lower sales in China.

WASHINGTON (AP) – More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy.

FRUITPORT TOWNSHIP, Mich. (AP) – An American Indian tribe that’s planning a casino in western Michigan says it wants to develop a community of about 300 housing units on 120 acres of land it bought this year

NEW YORK (AP) – A trade group is raising its forecast for retail sales growth this year to 3.4 percent, with more help from online sales, as the economy improves.

NEW YORK (AP) – Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports citing a single unnamed source.

DEARBORN, Mich. (AP) – AAA Michigan says gas prices statewide have fallen by about 11 cents per gallon in the past week.

DETROIT (AP) – A groundbreaking has been held for the Mike Ilitch School of Business at Wayne State University in Detroit.

NEW YORK (AP) – Shareholders for agriculture and chemicals companies DuPont and Dow Chemical have approved their merger, as well as a subsequent plan that will break up the century-old companies into three parts.

ALPENA, Mich. (AP) – Those involved in a drone research effort at a Michigan airport are holding a public event to mark testing of unmanned aircraft at the facility.

WASHINGTON (AP) – More than 372,000 pounds of hot dogs and corn dogs made earlier this month are being recalled over concerns of listeria contamination.