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Business News

  • University of Michigan moves on construction work
    18 April
    ANN ARBOR, Mich. (AP) - The University of Michigan is moving forward with plans for a $135 million addition to its business school and other construction projects. The Ann Arbor News reports the school's Board of Regents on Thursday approved designs for the addition to…
  • Philadelphia chocolate store: Tax issue resolved
    18 April
    PHILADELPHIA (AP) - A Philadelphia chocolate maker and candy store says it has resolved a tax issue that threatened to shutter the establishment days before Easter. Blasius Chocolate Factory says on its Facebook page that the problem had been solved and the store "is open…
  • Shipping season opens in Marquette's Upper Harbor
    16 April
    MARQUETTE, Mich. (AP) - The shipping season is open in Marquette's Upper Harbor following help from two U.S. Coast Guard ice-breakers. The Kaye E. Barker and the Mesabi Miner arrived on Sunday, guided into port by ice-breakers Morro Bay and Katmai Bay. The start of…
  • US consumer prices rose just 0.2 percent in March
    15 April
    WASHINGTON (AP) - Lower U.S. gasoline prices kept consumer inflation in check last month, helping offset higher costs for food and clothing. The Labor Department says the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases the previous two months. Prices…
  • U.S. producer prices rise 0.5 percent in March
    11 April
    WASHINGTON (AP) - The prices companies receive for their goods and services jumped in March led by gains for food, clothing, jewelry and chemicals. The Labor Department says the producer price index, which measures price changes before they reach the consumer, rose 0.5 percent in…
  • Sony recalls some Vaio laptops for battery issue
    11 April
    NEW YORK (AP) - Sony is recalling some of its VAIO laptop computers, saying that it's possible that its non-removable battery pack could overheat. The packs included in some of Sony's Vaio Fit 11A models, which were released in February, were provided by a third-party…
  • Average US 30-year mortgage rate down to 4.34 percent
    10 April
    WASHINGTON (AP) - Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week.…
  • American, US Airways tweak fees, mileage rules
    08 April
    DALLAS (AP) - If you use miles to get a free ticket on American Airlines, you may have to pay to check your suitcase. American and US Airways announced changes Tuesday to their policies on checked-bag fees and redeeming miles for free flights. Passengers traveling…