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Manufacturing is weak spot in surprisingly strong U.S. jobs data U.S. manufacturers shed 7,000 jobs in September, a weak spot in an otherwise strong employment report. The U.S. has lost 34,000 manufacturing jobs in the past two months, according to Bureau of Labor Statistics data out Friday. Employment now stands at a two-year low in…
Ford to move workers in to Michigan Central Station this week Ford Motor Co.’s first wave of employees to occupy Michigan Central Station start moving in this week. Carolina Pluszczynski, COO of Michigan Central, told Crain’s Detroit Business sister publication Automotive News last month that the move-in date is Tuesday, Oct. 8 and “we’ll see…
A new plant in Detroit aims to make batteries to electrify boats as 1st step in a grander plan Global mining giant Fortescue plans to make marine battery packs at a new factory in Detroit as a first step in scaling production for a variety of high-performance electric applications. Fortescue Zero, the London-based green tech…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.