Business

Trade Center is tallest in New York City

One World Trade Center, the monolith being built to replace the twin towers destroyed in the Sept. New York City's tallest skyscraper on Monday.

• 1:48 AM

Tom Walsh: Chrysler's Marchionne, Quicken's Gilbert: Dynamic duo for Detroit

They hardly looked like kindred spirits -- clean-shaven Dan Gilbert in a neatly pressed suit, alongside stubble-faced Sergio Marchionne in his trademark rumpled dark sweater -- at their joint appearance Monday morning in downtown Detroit.

• 1:25 AM

Chrysler move of some staffers to downtown Detroit celebrated

With the Selected of God choir providing introductory music, Chrysler and Quicken Loans celebrated the automaker's first-ever move to downtown Detroit on Monday by renaming the city's historic Dime Building the Chrysler House.

• 1:27 AM

No July shutdown for Chrysler's Jefferson North site

Chrysler's Jefferson North assembly plant will keep producing Jeep Grand Cherokees and Dodge Durangos straight through the customary two-week summer shutdown in early July, CEO Sergio Marchionne said Monday.

• 1:11 AM

Asterand says it's signed letters of intent to sell businesses

Asterand, one of TechTown's key anchor tenants, said Monday that it has signed letters of intent to sell its two businesses in separate transactions after being unable to secure an offer for the whole company. The Detroit-based supplier of human tissue samples would not reveal the identities of the potential acquirers because the sale is not complete.

Delta to purchase refinery near Philadelphia

Delta Air Lines said Monday that it will buy a refinery near Philadelphia in the hope of slicing $300 million a year from its jet fuel bill.

• 1:12 AM

2nd Venture Capital Fund formed

BUSINESS DEVELOPMENT

People making news

ENTERTAINMENT

Anheuser-Busch InBev says net profits surge

The world's biggest brewer, Anheuser-Busch InBev, said Monday its first-quarter net profit jumped 75% thanks to lower financing costs and taxes as well as bigger beer sales.

Consumer spending rises 0.3% in March

Americans increased their spending more slowly in March, suggesting some are worried that their paychecks aren't growing fast enough. The Commerce Department said Monday that consumer spending increased just 0.3% in March after a 0.9% gain in February.

Once-promising Asterand to sell off its businesses

Asterand, one of TechTown’s key anchor tenants, said today that it has signed letters of intent to sell its two businesses in separate transactions after being unable to secure an offer for the whole company.

• Apr. 30, 2012

Barnes & Noble, Microsoft team up on Nook

Books and bits united Monday as Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks.

• Apr. 30, 2012

No summer shutdown for Chrysler's Jeep Grand Cherokee plant in Detroit; third shift to be added

The plant on Detroit’s east side, which employs about 2,900 workers on two shifts, has been working overtime on two of every three Saturdays, said Chrysler spokeswoman Jodi Tinson. The plant will be adding a third shift of about 1,100 workers next year.

• Apr. 30, 2012

Quicken Loans helps welcome Chrysler to historic new digs today

With the Selected of God choir providing introductory music, Chrysler and Quicken Loans celebrated the automaker’s first-ever move to downtown Detroit this morning by renaming the city’s historic Dime Building as Chrysler House.

• Apr. 30, 2012

Tech exec gets 22 years prison for $30M fraud

Samuel Cohen, a former high-tech executive convicted of defrauding investors of at least $30 million, was given one of the harshest sentences meted out in a white-collar criminal case.

• Apr. 30, 2012

Report: Apple legally sidesteps billions in taxes

A published report says Apple Inc. uses subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions of dollars every year.

• Apr. 30, 2012

AAA Michigan: Gas prices stable in state in past week

AAA Michigan says gasoline prices were stable during the past week around a statewide average of $3.83 per gallon.

• Apr. 30, 2012

Report: Domestic violence rises in sluggish economy

Police are encountering more domestic violence related to the sluggish economy, a national survey of law enforcement agencies finds.

• Apr. 30, 2012

Whirlpool to open office campus in Benton Harbor

Whirlpool is set to officially open its new office campus in Benton Harbor. The appliance-maker says the $70 million project is a part of a larger plan to consolidate 15 facilities into three centralized office campuses.

• Apr. 30, 2012

National Review article says 'Let Detroit Fail,' compares city to junkie

An article from National Review, a conservative magazine, says “Let Detroit Fail” as it compares the Motor City to a backsliding junkie, bashes Mayor Dave Bing and describes Detroit as a “fiscal millstone around the state’s neck.”

• Apr. 30, 2012

Crazy Woman Cookies venture changes Michigan woman's life

Sari King took her longtime love of helping others, wholesome foods and baking, and turned it into a new business venture: Crazy Woman Cookies.

• Apr. 30, 2012

National Review staffer reviews Chevy Volt in Washinginton, D.C. to New York trip

In the National Review, a conservative magazine, a staffer reviews the Volt in a DC-to-New York trip.

• Apr. 30, 2012

Latest round of cold damages more fruit crops

The latest round of cold temperatures following an unseasonably warm stretch earlier in the year is being blamed for wiping out some fruit crops in West Michigan.

• Apr. 30, 2012

Man sues BMW for 20-month erection after bike ride

A California man has sued BMW North America and a motorcycle-seat maker claiming that a four-hour round-trip ride on his 1993 BMW bike with a "ridge-like" seat gave him "a severe case of priapism (a persistent, lasting erection)" that's lasted 20 months and counting.

• Apr. 30, 2012

Pepsi partners with Twitter for online concerts

Pepsi is tweeting to a new generation of music lovers. The No. 2 soda company is partnering with Twitter to provide streaming videos of live music concerts to Pepsi's followers on the social networking site.

• Apr. 30, 2012

Dan Knott, respected former Chrysler purchasing chief, dies

Former Chrysler purchasing chief Dan Knott, who retired two weeks ago for medical reasons, died Sunday, Chrysler said in a news release. Knott was 51 and had been battling cancer. Chrysler said Knott died peacefully in his sleep about 2:15 a.m. and was surrounded by his family.

• Apr. 30, 2012

Marchionne commits $3M to Woodward light rail; Gilbert promises support to United Way

Sergio Marchionne made the pledge in a private meeting with Quicken Loans chairman and M-1 Rail backer Dan Gilbert, following a morning event marking Chrysler’s deal to lease two floors of space and move 70 people into the former Dime Building downtown, now renamed Chrysler House.

• Apr. 30, 2012

With video: 2012 Michigan Green Leaders sustain efforts toward a better environment

The 2012 Michigan Green Leaders, honored Friday at an awards breakfast, have found sustainable ways to contribute to their communities to improve the environment.

• Apr. 29, 2012

Kia's brash marketing, quirky styling, behind gains

Kia Motors America is finding it harder to operate under the radar these days. This year, the company known as the other Korean carmaker, likely will sell more than 500,000 cars and crossovers in the U.S. for the first time since entering the market in 1994.

• Apr. 28, 2012

Dan Knott, respected Chrysler purchasing chief, dies at age 51 after battle with cancer

Chrysler said today that former purchasing chief Dan Knott, who retired just two weeks ago for medical reasons, died earlier today. He was 51. Knott had been battling cancer for about a year.

• Apr. 29, 2012

Tom Walsh: Ford, TechShop create tinker's paradise

I'm not sure I can adequately explain the purpose, scope and potential of a new venture taking shape in Allen Park, but I sense that it's important, so here goes:

• Apr. 29, 2012

FDA approves Johnson & Johnson antibiotic to treat, prevent plague

U.S. regulators have approved use of a powerful Johnson & Johnson antibiotic to treat plague, an extremely rare, sometimes-deadly bacterial infection.

• Apr. 29, 2012

As Michigan's recovery blooms, take our quiz to test your economic IQ

Take a quiz on Michigan's economy.

• Apr. 29, 2012

Insulation gets scrutiny during tour of green home being built in Ann Arbor

Who would have thought insulation would be one of the most talked-about features of a green home being built in Ann Arbor? It happened last week after a "behind the drywall" tour of a 2,200-square-foot home on three wooded acres. It's being built by Meadowlark Builders of Ann Arbor for a private couple.

• Apr. 29, 2012

Dippin' Dots hopes for a comeback after bankruptcy filing

The self-proclaimed "Ice Cream of the Future" apparently will have a future after all.

• Apr. 29, 2012

Kashi cereal's 'natural' claims stir anger

Kellogg's is facing anger on social media sites because of complaints that its popular Kashi brand of cold cereals doesn't live up to the company's "natural" billing on advertisements and box covers.

• Apr. 29, 2012

Mark Phelan: Making vehicles right is mantra for Chrysler under Marchionne's reign

If the 2013 Dodge Dart succeeds -- and based on its price, fuel economy and features, it should -- some credit should go to a meeting that took place before the new compact sedan was even in development.

• Apr. 29, 2012

Real signs of economic recovery bloom across Michigan

Like the first buds of spring, signs of an economic recovery are popping up all over metro Detroit and the state. In Oakland County, economic development officials are swamped with new business investment projects, which are up 70% from last year's levels.

• Apr. 29, 2012

Susan Tompor: Confidence in economy is up, but not to pre-meltdown levels, economist Robert Shiller says

Robert Shiller -- a Yale University economist who made his mark predicting the two big bubbles in stocks and housing -- isn't terribly surprised that many people aren't convinced that the U.S. economic recovery will stick.

• Apr. 29, 2012

Woman can file complaint

QUESTION: Back in March through June 2009, we were preapproved for a loan from our lender while doing construction.

• Apr. 29, 2012

Innovators scramble to find funds

Makers of electric vehicle batteries, solar panels and wind turbines have seen a sharp decline in federal government support. "We're in new ground now. The president and the previous president wanted to double the science budgets over a 10-year period," Energy Secretary Steven Chu said in Detroit in January. "But that's not realistic anymore."

• Apr. 29, 2012

Water-based cooling system at Grand Hotel helps save money

With Mackinac Island experiencing warmer summer temperatures, the Grand Hotel faced a unique dilemma. It needed to add air-conditioning to its front rooms without changing the famous exterior look of the 125-year-old hotel or destroying the unique wallpaper and trim of its guest rooms.

• Apr. 28, 2012

Delta Dental expands site without harming turtles

A $91-million project to add a new office building and to renovate the original Okemos headquarters of Delta Dental of Michigan first had to reckon with a delicate problem: Don't disturb the eggs of the Northern Snapping Turtle on the property. Ingham County's Smith Drain, which runs onto the Delta Dental property, is home to dozens of reptiles and amphibians.

• Apr. 28, 2012

Renewable energy advocate sees growth opportunity

In a sense, T. Arnold Boezaart's life has been aimed at becoming a Michigan Green Leader from the very start.

• Apr. 28, 2012

Mindo Chocolate Makers looks to break even this year

Barbara Wilson's cocoa bean adventures began three years ago when the Michigan native couldn't find any chocolate that she liked while living in Ecuador. She and her husband, Joseph Meza, were running a small Internet café in Mindo in northwest Ecuador, and Wilson needed chocolate for the popular brownies that she served.

• Apr. 29, 2012

Carol Cain: GOP fund-raiser's work is just starting

Things are about to get more hectic in Ron Weiser's already frenetic world. With former Mass. Gov. Mitt Romney ready to take on President Barack Obama, the Republican National Committee finance machine kicks into higher gear.

• Apr. 29, 2012

M.p.g. unveiled for 2013 Escape

The redesigned 2013 Ford Escape with a 1.6-liter EcoBoost four-cylinder engine has gained an Environmental Protection Agency certified rating of 33 m.p.g. on the highway and 23 in the city.

• Apr. 29, 2012

Home calendar

Learn “how to buy HUD and foreclosure properties ”: A 3-hour class, 9-noon, sponsored by Real Estate Investors Association of Oakland, on Saturday at the Royal Oak Senior Center, 3500 Marais, (north of 13 Mile Road, between Crooks and Main). This is the first class of a series of 10 held on the first Saturday of the month. Each class is $49 (plus $5. E-mail: OREIAClass@AddedValueRealty....

• Apr. 29, 2012

On market in Santa Monica

The Santa Monica home of screenwriter Alvin Sargent and his late wife, film producer Laura Ziskin, has come on the market at $11.85 million. Ziskin worked with designer Jane Hallworth in creating the detailed interiors. A back-lit honeycomb onyx fireplace is a focal point of the living room.

• Apr. 29, 2012