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Business News

  • Horses return to Mackinac Island in rite of spring
    26 May
    MACKINAC ISLAND, Mich. (AP) - Automobiles are not permitted on Michigan's Mackinac Island. Horses most certainly are. In fact, the equines are vital. Without them, transportation on the island would be virtually nonexistent. But most of the 500 horses that haul people and cargo around…
  • Backers of bid to repeal prevailing wage law seek initial OK
    26 May
    LANSING, Mich. (AP) - Organizers of a drive to repeal Michigan's 50-year-old prevailing wage law are seeking approval of their petition form before collecting signatures. Protecting Michigan Taxpayers, which has backing from a construction trade organization, goes before the Board of State Canvassers on Tuesday.…
  • Authorities: Business targeted people facing foreclosure
    26 May
    LANSING, Mich. (AP) - Authorities say a lawyer and his business stole hundreds of thousands of dollars from more than 100 people in Michigan that were facing mortgage foreclosures. Michigan Attorney General Bill Schuette announced Tuesday that 52-year-old Steven Barry Ruza of Orchard Lake and…
  • Taco Bell, Pizza Hut: Artificial ingredients getting booted
    26 May
    NEW YORK (AP) - Taco Bell and Pizza Hut say they're getting rid of artificial colors and flavors, making them the latest big food companies scrambling to distance themselves from ingredients people might find unappetizing. Instead of "black pepper flavor," for instance, Taco Bell will…
  • U.S. home prices rose at steady pace in March from year ago
    26 May
    WASHINGTON (AP) - U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale. The Standard & Poor's/Case-Shiller 20-city home price index rose 5 percent in March from 12 months earlier. Prices increased at the same…
  • Drought-ridden California faces decision on new water cuts
    22 May
    FRESNO, Calif. (AP) - Farmers along the river delta at the heart of California agriculture expect to get an answer on their surprise offer to give up a quarter of their water this year in exchange for being spared deeper mandatory cutbacks. Regulators with the…
  • Plans call for restoring well-known bridge at Packard plant
    22 May
    DETROIT (AP) - Plans call for restoring a well-known bridge that's part of the former Packard auto factory complex to the way it looked in the 1930s. The Detroit Free Press reports workers draped mesh coverings Thursday on the bridge that are imprinted with a…
  • U.S. consumer prices up a slight 0.1 percent in April
    22 May
    WASHINGTON (AP) - U.S. consumer prices were up slightly in April, but overall gains were held back by another decline in energy costs that offset the biggest one-month jump in medical care in eight years. The Labor Department says consumer prices edged up 0.1 percent…