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The Detroit News


Business news from Detroit and Michigan






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Southwest posts $68 million 4Q profit, expects higher costs

The rise of the omicron variant, along with a stretch of winter weather, will lead to losses in January and February, but the Dallas-based airline predicted it will be profitable the remainder of the year.

McDonald's ends 2021 strong, but costs rising

The Chicago burger giant said global same-store sales — or sales at restaurants open at least a year — rose 12.3% in the quarter.

Restaurants have had a rough start to 2022 so far

Rising COVID-19 cases, short staffing and lack of events have made January a tough first month of the year for many restaurants in Detroit and beyond.

Toyota AV-Shuttle Bet May Mobility Raises $83 Million

May Mobility, a self-driving shuttle startup backed by the venture arms of Toyota and BMW, raised $83 million in its largest funding round to date.

Detroit announces latest group to share in $500K in Motor City Match grants

The Motor City Match program, in its 18th round, recognized 63 winners who will receive support including cash grants or design, development or planning assistance.

Michigan Gov. Whitmer pushes 'kitchen table issues' in State of State speech

Michigan Gov. Gretchen Whitmer is seeking to define how billions of dollars in the state surplus as part of her Wednesday State of the State address.

House OKs granting overpayment waivers for jobless aid error, other reforms

Thousands of Michigan residents could have their jobless aid overpayments waived under legislation the state House adopted Wednesday.

Fed plans to raise rates as soon as March to cool inflation

With high inflation and unemployment falling steadily, the Fed also said it would phase out its monthly bond purchases.

Michigan Senate committee approves sweeping $2.3 billion tax cut

Senate Republicans contended that the state's financial surpluses should be used to provide "across the board" relief.

Man paralyzed in Uber vehicle crash sues for $63M

William Good, 31, of Somerville, alleges in the lawsuit that Uber "failed to appropriately screen, hire and supervise their driver.

Dessert made in Heaven? Hudsonville Ice Cream, Little Debbie team up again

The collaboration has come up with seven flavors, which will be available at stores such as Walmart beginning Feb. 1.

US new home sales jump in December as prices fall

Sales of new single family homes in December rose to their highest level in 10 months as buyers anticipated higher interest rates.

Workers head back to offices amid growing distrust of employers

Companies are calling workers back to the office -- again. But employees are losing faith that their managers can get this right.

Picasso heirs launch digital art piece to ride 'crypto' wave

Heirs of the famed 20th-century Spanish artist are vaulting into 21st-century commerce by selling 1,010 digital art pieces of one of his ceramic works that has never before been seen publicly.
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