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5/9/08 China eyes overseas land in food push; Africa and South America key targets...

Oil Near $126 Barrel...

GM buys its Detroit headquarters for $626 million

bd’s Mongolian Grill chain sold

 

Get a quote from Klebba Insurance in Wixom. Auto, Home, Business and Life   Click Here >> Ask For Tom 248 821-4295

Retirement / Financial Planning & 401k Rollovers

 

5/5/08 Microsoft abandons Yahoo bid
The company says it's dropping its 3-month-old bid because the two sides couldn't agree on an acceptable sales price.

Linens 'n Things announces that it has filed for Chapter 11 bankruptcy

4/30/08 GM reports 1st-quarter loss of $3.3 billion

OPEC says oil could hit $200; Cartel's president blames weak dollar...

New Group Calls for Auto Insurance Choice

Novi expected to lead region in
job growth in coming years

 

DETAILS

4/27/08 Pulte Homes reports loss, predicts another

4/25/08 Ford posts profit; more cuts coming

4/22/08 Feds- 36 mpg for cars by 2015

Mich. Senate Approves Business Tax Breaks

Euro hits record high of over $1.60...

 

4/20/08 New tax shocks business owners

4/19/08 $28 BILLION- GOOGLE SURGE ROCKS WALL STREET...

  Oil hits another record high
Crude futures rose to a new trading record of $117 in after-hours electronic trading.

Citigroup posts loss, cuts 9,000 more jobs

4/15/08 FOOD COSTS RISING FASTEST IN 17 YEARS

McCain says USA in recession...    Blames 'greedy' Wall Street...

Mortgage Defaults in U.S. Climbed 57% Last Month as Repossessions Doubled

Wealth of oil possibly lying beneath Brazilian waters, energy official says

4/13/08 Crisis yields 18.9-month supply of homes

Credit tightening hits auto loans
The national credit crunch isn't just squeezing the housing market, it's also making auto loans more difficult.

 

4/12/08 U.S. Stocks Drop Most in Five Weeks After General Electric's Earnings Miss

4/10/08Costly wage laws hurt state's economy

In the midst of criminal proceedings against Detroit Mayor Kwame Kilpatrick, voters shouldn't stop asking politicians to answer for the criminally bad state of Michigan's economy. Their minimum wage increases in recent years have killed jobs for those most in need of work.

Dire economy tests Detroit 3

Detroit's automakers face an uphill struggle this year after losing two of the underpinnings that supported the early stages of their turnaround plans: a strong economy and plentiful credit.

 

 

4/9/08 GM will use Mexican axles to reopen 2 plants

 

Fed's Fisher Says U.S. Economy Has `Anemia,' Housing Hasn't Yet Hit Bottom

U.S. Economy to Stall as Consumer Spending Cools, Survey Shows

New Tax Incentives Draw Filmmakers To State

IMF PUTS COST OF CREDIT CRISES AT $1 TRILLION...

4/8/08 Credit Suisse Group private-equity investment unit adds Troy, Mich., office

4/4/08 Economy sheds 80,000 jobs in March...           ...Unemployment Rate Rise to 5.1%

Fed Signals More Interest-Rate Cuts as Policy Makers Cite Market Stresses

Although the remodeling market hasn't yet been hit as hard as the new home construction market, the industry is feeling the pinch and businesses are starting to close their doors.

Euro Falls as Retail Sales Drop Signals U.S. Slowdown Spreading to Europe

4/1/01 GM Opens New Vehicle Plant in China

Stocks in U.S. Rise, Led by Banks in Best Start to 2nd Quarter in 70 Years

Auto sales scoreboard
Ford
 -14.3%

 

3/31/08 US-UK TEAM TO THWART FINANCIAL CRISES...\

PAPER- Fed eyes Nordic-style nationalization of banks...

...Authority Over Markets    'Brace for $1 Trillion Writedown'...

Detroit's housing slump is attractive to investors

3/1/08 Hear Me Now - Believe Me Later

By: Peter Schiff, Euro Pacific Capital, Inc.

Having neither the will nor the means to confront our major economic challenges, Washington is instead hanging its hopes on words alone.  This week, despite the clearest signs yet that the dollar is in critical condition, President Bush and Treasury Secretary Paulson tried to provide reassurance by once again invoking the name of the mythical “strong dollar policy”.  Meanwhile across town, with the latest crop of inflation figures pointing to the greatest price surges in a generation, Fed Chairman Ben Bernanke tried to do the Administration one better by insisting that inflation expectations remained “well anchored”, and that stagflation was nowhere in sight  MORE

 

3/29/08 NUMBERS OF AMERICANS ON FOOD STAMPS HITS RECORD... DEVELOPING...

Consumer spending posts weakest gain in 17 months

3/28/08 TREASURY DEPT. PROPOSES NEW POWERS FOR FED

WASHINGTON — The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.

The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades.

 

Dollar Heads for Biggest Weekly Drop in Month Against Euro on Rate Outlook

Jump in rice price fuels fears of unrest; Grain rises 30% to all-time high...

GM- Hamtramck Plant To Shut Down

Fed offers $100 billion more to commercial banks to fight credit crisis

Newspapers suffer biggest ad revenue plunge in more than 50 years...

City of Wixom Welcomes NXTGEN Emission Control

City of Wixom Welcomes Caraco Pharmaceuticals

City of Wixom Welcomes Behr-Hella Thermocontrol

dSPACE Inc. Moves to Expanded Facility
dSPACE’s new offices are located near the intersection of Wixom Road and Pontiac Trail in the City of Wixom
  New Providence Park Hospital to have retreat-like atmosphere
Hospital works to make stays comfortable
for patients and their families

 

DETAILS 

Diesel tech firm in Wixom gets $909,000 tax credit

WIXOM -- Sen. Nancy Cassis, R-Novi, announced Wednesday that Wixom-based NxtGen Emission Controls USA Inc. has been given a $909,000 high technology employment tax credit for 10 years from the Michigan Economic Growth Authority.

The company, which delivers clean and efficient diesel technology, has plans to invest some $1.2 million to house its North American administration and manufacturing facility in Wixom.

It is expected to create about 47 jobs in five years and 106 jobs by 2017.

 

Sale of Ford's Wixom plant hinges on UAW talks

The sale of the Ford Motor Co.'s property in Wixom will depend on the outcome of the company's negotiations with the United Auto Workers.

 
, a German manufacturer of Coordinate Measuring Machines (CMM), will open a 24,000 sq. ft. manufacturing facility in Wixom, Mich. on Oct. 9, 2007. The two-story building will house administrative and engineering offices, production operations for the Wenzel X-Orbit and LH series of bridge style CMMs, and a customer training and demonstration facility.
 

Majic Appears in Wixom

Majic Window and Sliding Door Co. The property sold for $2.3 million, or about $90 per square foot. It is at 30580 Beck Road, part of the Beck North Corporate Park.

Majic Window and Sliding Door Co., a 30-year-old family owned business, offers fiberglass windows, seamless siding and acrylic bath enclosures, among other products

 

 

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08/19/2006
 
08/18/2006
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-Associated Press