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Detroit rejects developers’ bids for Packard Plant site It’s back to the drawing board for the Packard Plant site. The Detroit Economic Growth Corp. did not receive any bids from developers it deemed acceptable from a request for proposals it issued this spring, so there was no developer chosen for the sprawling site near East Grand…

Pistons owner Tom Gores to buy a 27% stake in the Los Angeles Chargers EL SEGUNDO, Calif. — Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, two people with knowledge of the deal told The Associated Press. The people spoke on condition of anonymity because the…

Nuclear plant restart boosted with closing of $1.5B federal loan guarantee The U.S. Energy Department on Monday finalized a $1.5 billion loan guarantee to help Holtec International restart the Palisades nuclear power in southwest Michigan, an effort that will be bolstered by $1.3 billion in federal grants for two rural cooperatives that plan to buy…

GM, Magna-backed automotive software marketplace opens SDVerse, an online marketplace for buyers and sellers of automotive software backed by General Motors, supplier Magna International Inc. and tech services company Wipro, launched Sept. 30. The platform, open to automakers, suppliers and relevant tech companies, is designed to connect developers of automotive software with potential customers. Initial businesses to join…